08-Oct-2021 | Zion Market Research
Major companies in the Blowing Agents Market are Dow Inc., Honeywell International Inc., Exxon Mobil Corporation, Solvay S. A., DuPont, Ineos Ltd., Arkema S.A., Linde Plc, Haltermann Carless and Harp International Ltd. among others. These players are set to bolster the development of the global Blowing Agents Market.
According to analysts at Zion Market Research, the global Blowing Agents market accounted for USD 1,335.3 Million in 2020 and is expected to reach USD 2,153.4 Million by 2028, growing at a CAGR of 6.4% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Blowing Agents Market By Type (Hydrocarbons, Hydrofluorocarbons, Hydrochlorofluorocarbons, Hydrofluoroolefins and Others), By Foam (Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polyolefin Foam and Others), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Increasing Demand for Polymeric Foams to Propel Growth
The major reason for the global Blowing Agents market growth is the increasing demand for polymeric foams especially for the Polyurethane foams. It is due to the rapid upgradation in the end-user companies such as infrastructure and appliances. These agents 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.
The Polyurethane foam market holds the major share in the global Blowing Agents market owing to the increase in applications such as automobiles, chemicals, and infrastructure. Butanes and pentanes, types of hydrocarbons, have mainly dominated the global market.
Enormous Demand from End-users to Assist Asia Pacific Growth
Asia Pacific has been dominating the global Blowing Agents market. This dominance can be attributed to the enormous demand from end-users, in the region.
China is one of the top Blowing Agents consumers in the Asia Pacific region. The other Asian countries that are contributing to the global market are India and South Korea owing to the increased industrial production levels.
Most of the advanced regions such as North America and Europe are contributing their share towards the global market growth of Blowing Agents. These regions are also taking initiatives to utilize environment-friendly Blowing Agents.
Browse the full “Blowing Agents Market By Type (Hydrocarbons, Hydrofluorocarbons, Hydrochlorofluorocarbons, Hydrofluoroolefins and Others), By Foam (Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polyolefin Foam and Others), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/blowing-agents-market
The Global Blowing Agents Market is segmented as follows:
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