The global Blowing Agents Market is forecast to reach USD 2.36 Billion by 2027, according to a new report by Reports and Data. Growing demand for polymeric foams, especially polyurethane foams, is driving demand for blowing agents, especially rapid growth in their end-user industries such as construction and appliances. Furthermore, high growth in end-use industries in the Asia Pacific region is also anticipated to fuel the demand for blowing agents even further.
The growing demand for polyolefins, polyurethane, and natural foam blowing agents, development of low GWP foam blowing agents, zero ODP, and increased efficiency of foam blowing agents are factors augmenting the demand of the market. The increase of investment in the development of low-cost and environmentally friendly foam blowing agents is also encouraging market demand.
Wide a large variety of end-user industries for polymer foams, and high demand for polyurethane blowing agents is driving the market in North America. Global environmental threats such as global warming and degradation of the ozone layer are also encouraging demand. To curb greenhouse gas emissions, the U.S. administration is deploying strict environmental legislation. The creation of low GWP blowing agents and zero / small ODP blowing agents provides ample prospects for business growth.
Key participants include The Chemours Company, Honeywell International Inc., Nouryon, Arkema, Solvay SA, Honeywell International Inc., Linde PLC, INEOS, Harp International Ltd., and Sinochem Group, among others.
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The COVID-19 impact:
The virus had completely stopped production activity all across the globe, but the manufacture of these products is picking up as slowly companies are being reopened. Even though the production has started, manufacturers are facing shortages in supply chain and logistic issues which are hampering the market. Many jobs have been lost, and the world is expected to witness a massive recession.
For the purpose of this report, Reports and Data have segmented the global Blowing Agents Market on the basis of product, foam type, application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Foam Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
Further key findings from the report suggest
Table of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Indicative Metrics Chapter 4. Blowing Agents Market Segmentation & Impact Analysis 4.1. Blowing Agents Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. High growth in global polymeric foams market 4.2.2.2. Increasing demand in different application 4.2.3. Market restraints analysis 4.2.3.1. High growth in global polymeric foams market 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price trend Analysis 4.9. Customer Mapping 4.10. Covid-19 Impact Analysis 4.11. Global Recession Influence
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