Oct 27, 2022   SOURCE: BusinessWire

Global Foam Blowing Agents Market Report 2022: Increased Demand for Polymer Foams Driving Growth - ResearchAndMarkets.com

The "Foam Blowing Agents Market By Applications, By Product Type: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.

The global foam blowing agents market was valued at $1.2 billion in 2020, and is projected to reach $1.9 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030.

Foam blowing agent is a substance used in the foam blowing process that expands in the matrix and imparts a cell structure to the substrate, enhancing the flexibility, acoustics, and insulation of the final product.

Polyurethane foam is one of the most commonly used types of polymer foam and is widely used in various industries such as electronics, flooring, automotive, construction, packaging, and medical equipment. This trend is expected to continue for the foreseeable future, which in turn is anticipated to have a positive impact on the growth of the global foam blowing agent market.

The foam blowing agent market is driven by increased demand for polymer foams, primarily in industries such as automotive, construction, and consumer electronics. The increased use of foam blowing agents in the manufacturing of polyurethane foams is expected to play a role to promote the growth of the global foam blowing agent market. The medical industry has grown rapidly in recent years, characterized by various technological advances.

In addition, rise in world trade has significantly increased the demand for safe and reliable packaging for products that require foam-based polymers for their shock-absorbing properties. Therefore, the booming packaging and medical device industry is expected to drive global market growth during the forecast period. In addition, improved standard of living of people around the world has consistently contributed to the growth of the foam blowing agent end-use industry.

Apart from that, the surge in purchasing power parity (PPP) in recent years has contributed to the development of the flooring and furniture industry, which requires polymer foam for shock absorption. Thus, increased adoption of polymeric foams is projected to boost the global market growth.

During the COVID-19 pandemic, the outlook for demand seemed bleak. The contraction occurred mainly in the building &construction sector and the automobile industry. The first two quarters in 2020 had a low demand primarily due to the suspension of all manufacturing and production activities. Eventually, the demand outlook gradually recovered as regulations were relaxed as vaccination campaigns accelerated.

Key Benefits For Stakeholders

  • This report provides a detailed quantitative analysis of the current foam blowing agents market trends and estimations from 2020 to 2030, which assists to identify the prevailing opportunities.
  • An in-depth analysis of foam blowing agents market across the globe is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.
  • Region-wise and country-wise, market conditions are comprehensively analyzed in this report.
  • The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030 in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global foam blowing agents market.

Key Market Segments

By Applications

  • Polyurethane
  • Polystyrene
  • Polyolefins
  • Others

By Product Type

  • Hydrocarbons
  • Hydrofluorocarbons
  • Hydrochlorofluorocarbons
  • OTHERS

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest Of Asia Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Topics Covered:

CHAPTER 1: INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: FOAM BLOWING AGENTS MARKET, BY APPLICATIONS

CHAPTER 5: FOAM BLOWING AGENTS MARKET, BY PRODUCT TYPE

CHAPTER 6: FOAM BLOWING AGENTS MARKET, BY REGION

CHAPTER 7: COMPANY LANDSCAPE

CHAPTER 8: COMPANY PROFILES

Companies Mentioned

  • ARKEMA S.A. (FRANCE)
  • HONEYWELL INTERNATIONAL INC. (U.S.)
  • EXXON MOBIL CORPORATION (U.S.)
  • E.I. DU PONT DE NEMOURS & COMPANY (U.S.)
  • HALTERMANN GMBH (GERMANY)
  • HARP INTERNATIONAL LTD. (U.K.)
  • DAIKIN INDUSTRIES
  • LTD. (JAPAN)
  • SINOCHEM GROUP (CHINA)
  • SOLVAY S.A. (GERMANY)
  • ZEON CORPORATION (JAPAN)
  • LTD. (JAPAN)

For more information about this report visit https://www.researchandmarkets.com/r/bmy8gq