Global Blowing Agents Market , 2024-2030

The blowing agent is the key substance in foam preparation industry. These agents are used as additives in the polymeric foam industry met the cellular structure for the foam. The cellular structure in a matrix reduces density, increasing thermal and acoustic insulation, while increasing relative stiffness of the original polymer. These are basically applied in liquid form. These agents are helps to increase the thermal and acoustic abilities, reduction of density and improves the toughness of the original material.

Blowing agents also known as pneumatogens, basically classified into physical, chemical and mixed blowing agents. The main blowing agents are including Hydrocarbons (HCs), Hydro-Chloro-Fluoro-Carbons (HCFCs), and Hydro-Fluoro-Carbons (HFCs) and others. Among hydrocarbons, butanes and pentanes are the most common blowing agents used. They are majorly used in polyurethane foams that have high utilization in pipes to prevent loss of heat and to maintain temperatures even during cold climates, to avoid freezing or cracking for long-distance heating. Due to adverse effect of hydro-fluoro-carbons (HFCs) the manufacturer is replacing these agents with nature friendly agents. These agents are employed to polyurethane foam, polystyrene foam, phenolic foam, and polyolefin foam. Apart from the foam industry it has role also in chemicals, construction and automotive industries.

The global blowing agents research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global blowing agents market is growing at a fast pace and increasing its geographical footprint rapidly. The global blowing agents market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific region due increase in demand for polymeric foam and hike in end user industrial applications. The major growth driver for blowing agents market are mainly used in the polymer industry as adhesives to inherit specific foam properties such as acoustics and shock absorbency, permeability and elasticity, weight reduction and heat and electric insulation.

Blowing agents enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of blowing agents market globally. The companies that lead global market are DuPont, Arkema S.A., KibbeChem, Inc., RIT Chem Co, Inc., Solvay S.A., Eiwa Chemical, Americhem, Exxon Mobil Corporation, Linde plc, Daikin Industries, Ltd., The Chemours Company, Haltermann Carless, Foam Supplies, Inc., and Harp International Ltd.

Research Methodology

The research process includes the market segmentation of the global blowing agents market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global blowing agents industry dynamics
• Estimation of the present global blowing agents market size in terms of value and volume.
• Global blowing agents market breakup based on type and application.
• Verified global blowing agents market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global blowing agents industry value chain.