Blowing Agents Market Information: By Type (Exothermic, Endothermic), Product (Hydrochlorofluorocarbons, Hydrofluorocarbons, Hydrocarbons), Application (Rigid Polyurethane, Flexible Polyurethane, Polystyrene), and Region- Forecast Till 2030

Blowing Agents Market Overview The blowing agent is a chemical additive that is commonly used to generate gas to expand rubber, plastics, and ceramics, resulting in foam formation. Lightweight, heat insulation, sound and shock absorbency, flexibility, electrical insulation, permeability, and other benefits are all provided by using a blowing agent. The increased demand from major end-use sectors such as automotive, aerospace, and building & construction is driving the worldwide blowing agents market. Blowing agents make the vehicle lighter, boosting its economy and lowering emissions. They are mostly utilized to make seats, plastic interiors, and weather strips, and they also provide insulation and cushioning. Various environmental rules aimed at reducing harmful emissions, such as India's Bharat Stage Emission Standards (BSES) and China's State Environmental Protection Administration (SEPA), are expected to boost product demand in the automotive sector. These agents are utilized in the aerospace sector to make engine turbines because they reduce the cost of raw materials while also improving quality. Furthermore, their lightweight, which is an added benefit, is driving up demand in the aircraft industry. The use of blowing agents in the construction sector is likely to fuel market expansion over the assessment period because of its insulating characteristics, high mechanical strength, and capacity to build thinner structures.

Key Players

Some of the manufacturers operating in the global blowing agents market are Solvay (Belgium), The Dow Chemical Company (U.S.), INEOS Group (Switzerland), DAIKIN INDUSTRIES, LTD. (Japan), Arkema (France), BASF SE (Germany), SINOCHEM GROUP (China), ZEON CORPORATION (Japan), Harp International Ltd. (U.K), Honeywell International Inc. (U.S.), Exxon Mobil Corporation (U.S.), AkzoNobel N.V. (Netherlands), and The Chemours Company (U.S.).

Global Blowing Agents, by the Application (%)

Source: MRFR analysis

Regional Analysis

The global blowing agents market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific dominated the global blowing agents market in 2016 owing to high demand for blowing agents from the automotive and construction industry. The increasing demand for lightweight automotive due to increasing environmental concerns is expected to drive the market growth in the region.

Europe accounted for the second largest market share in the year 2016 on account of the high production and sales of automotive parts in Western European countries.

North America is expected to witness a considerable growth on account of the high demand from the reviving construction, automotive, and aerospace industry.

Latin America is projected to witness a considerable growth due to growing automotive industry in Mexico, Brazil, and others.

The Middle East & Africa is likely to witness significant growth due to the burgeoning infrastructural investments in the GCC countries.

Segmentation

The global blowing agents market is segmented on the basis of the type, product, application, and region.

On the basis of the type, the global blowing agents market is segmented into exothermic and endothermic.

Based on the product, the global market is segmented into hydrochlorofluorocarbons, hydrofluorocarbons, hydrocarbons, and hydrofluoroolefins.

On the basis of the application, the market is segmented into rigid polyurethane, flexible polyurethane, integral skin polyurethane, polystyrene, polyolefin, phenolic, and others.Recent Development

Intended Audience

• Blowing Agents Manufacturers


• Traders and distributors of Blowing Agents


• Research and development institutes


• Potential investors


• Raw material suppliers


• Nationalized laboratory