Global Blowing Agent Market Size study & Forecast, by Type, Applications, End-User Industry, and Regional Forecasts 2025-2035

The Global Blowing Agent Market is valued at approximately USD 1.74 billion in 2024 and is projected to grow at a robust CAGR of 5.36% over the forecast period 2025-2035. Blowing agents, serving as the backbone of lightweight material manufacturing, are increasingly becoming indispensable across a range of industries including construction, automotive, and packaging. These chemical additives, which generate a cellular structure in materials like plastics and rubbers, enable thermal insulation, cushioning, and structural enhancement-qualities that modern industries can no longer do without. The demand surge can be attributed to the ever-growing appetite for energy-efficient materials, stringent building energy codes, and the increasing shift toward sustainable and high-performance foam-based solutions.

In a business environment where every gram and millimeter matters, industries are turning to high-efficiency blowing agents to reduce weight, optimize performance, and improve environmental compliance. The preference for hydrofluoroolefin (HFO) and hydrocarbon-based agents over their environmentally hazardous predecessors (like hydrochlorofluorocarbons) illustrates how sustainability has taken center stage. Additionally, the adoption of polyurethane and polystyrene foams in refrigeration, insulation, and automotive applications is driving the steady upward momentum of the market. Notably, ongoing R&D efforts are converging on low-GWP (Global Warming Potential) and zero-ozone-depleting alternatives-indicative of an industry ready to embrace green chemistry innovation without losing commercial competitiveness.

From a regional lens, North America maintains its dominance owing to a strong industrial base, advanced construction practices, and accelerated adoption of energy-efficient insulation materials. The U.S. Environmental Protection Agency's push toward phasing out high-GWP substances has further stimulated innovation in the regional blowing agent space. Meanwhile, the Asia Pacific region is witnessing the fastest growth, largely propelled by rapid urbanization, a construction boom, and expanding manufacturing footprints in countries such as China, India, and Vietnam. Furthermore, increasing consumer awareness about energy savings and regulatory support for green buildings are catalyzing regional demand. Europe, too, remains a key stakeholder with its stringent regulations on emissions and eco-labeling, especially in the polyurethane foam segment.

Major market player included in this report are:

• Honeywell International Inc.
• Arkema Group
• Chemours Company
• ExxonMobil Corporation
• LG Chem Ltd.
• Linde plc
• Harbor Foam Inc.
• Solvay SA
• A.G. Foam Company Inc.
• Furukawa Electric Co. Ltd.
• Sinochem Holdings Corporation Ltd.
• Zeon Corporation
• Saudi Basic Industries Corporation (SABIC)
• Dow Inc.
• Daikin Industries Ltd.

Global Blowing Agent Market Report Scope:

• Historical Data - 2023, 2024
• Base Year for Estimation - 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Type:

• Hydrocarbons
• Hydrofluorocarbons (HFC)
• Hydrochlorofluorocarbons (HCFC)
• Hydrofluoroolefin (HFO)
• Others

By Applications:

• Polyurethane Foam
• Polystyrene Foam
• Phenolic Foam
• Polypropylene Foam
• Polyethylene Foam
• Others

By End-User Industry:

• Construction
• Automotive
• Bedding and Furniture
• Appliances
• Packaging
• Others

By Region:

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.