Blowing Agents Market Size and Growth Rate:
According to our research report, the Blowing Agents Market Size was capitalized at USD XX Million in 2018. The Blowing Agents Market is expected to exceed USD XX million by 2023 and grow at a compound annual rate of XX% from 2018 to 2023.
Blowing Agents Market Growth Drivers and Restraints:
Rigid Polymeric Foams have been used primarily for thermal insulation applications of the types required for appliances, transport and in buildings. Foams for the thermal insulation of buildings are based on three families of polymers: polystyrenes (EPS bead foam and XPS extruded foam), polyurethanes, and polyolefin. The regulations covering thermal insulation performance and energy efficiency in building and construction are tightening all around the world. As a result, we are witnessing an increase in the use of high quality insulating products in the overall building stock and an increase in the amount of insulation needed per building. In 2017, polymer foams have a 55% share of the market for insulation materials in building and construction. In Asia-Pacific, polymer foams are especially dominant, with a market share of about 70%. In addition, the amount of insulation used per unit has also tended to increase as energy standards for appliances have been raised. Thus, expanding insulation foam market is fuelling the demand for blowing agents market and also poses a potential to propel the growth in the nearby future.
Blowing Agents Market Regional Analysis:
Asia-Pacific represents the largest regional market for global blowing agents market in 2017. This immense demand for blowing agents is a consequence of the growing construction, automotive an appliances industry in the region. The growing construction industries in the countries like China, Japan, India and South Korea is driving the demand for insulation foam market which in turn created the demand for blowing agents market. In addition, appliances industry in the countries like Japan and South Korea countries have further augmented the demand for the blowing agents market. The large market size coupled with the huge growth of Asia-Pacific is quite instrumental in expansion of the global blowing agents market.
Prominent Companies in the Blowing Agents Market analyzed in the report are:
- Huntsman International LLC
- Akzo Nobel N.V.
- Honeywell International Inc.
- Sinochem Group Co., Ltd.
This research report includes following segmentation for the Blowing Agents Market Size and forecast until 2023
Blowing Agents Market - By Product Type
- Hydrochlorofluorocarbons (HCFCs)
- Hydrofluorocarbons (HFCs)
- Hydrocarbons (HCs)
Blowing Agents Market - By Foam Type
- Polyurethane Foam
- Polystyrene Foam
- Phenolic Foam
- Polypropylene Foam
- Polyethylene Foam
Blowing Agents Market - By Application
- Buildings & Construction
Blowing Agents Market– By Geographical Segmentation:
- South Korea
- ASEAN Countries
- Rest of Asia-Pacific
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Latin America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Reasons to Purchase Blowing Agents Market Report
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Which resin type is expected to witness the highest demand for spray adhesive?
- Which region is expected to witness fastest growth during the forecast period?
- Identify the latest developments, market shares and strategies employed by the major market players
- 3 months analyst support along with the Market Estimate sheet (In excel).