PUBLISHER: IMARC | PRODUCT CODE: 1347601
PUBLISHER: IMARC | PRODUCT CODE: 1347601
The global foam blowing agents market size reached US$ 1.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
A foam blowing agent can produce a cellular structure in a wide range of materials that undergo hardening or phase transition, such as polymers, plastics, and metals, through a foaming process. It comprises ammonium bicarbonate (NH4HCO3), sodium bicarbonate (NaHCO3), sodium borohydride (NaBH4), and chlorofluorocarbons (CFCs), hydro-chlorofluorocarbons (HCFCs), hydrocarbons, and liquid carbon dioxide (CO2). It helps reduce density, increase thermal and acoustic insulation, and enhance the relative stiffness of the original polymer. As it possesses low thermal conductivity, foam blowing agent finds extensive applications in the electrical, automobile, construction, and packaging industries.
The growing utilization of foam blowing agents in various environment-friendly products, such as methyl formate, hydrofluoroolefin (HFO), and methylal, represents one of the key factors driving the market. Moreover, there are several advantages of foaming agents, such as efficiency and high isolation characteristics. This, along with the rising use of polymer foams in the manufacturing of furniture, is propelling the growth of the market. In addition, several benefits offered by foam blowing agents like low global warming potential (GWP), zero ozone depletion (OPD) and non-toxicity are positively influencing the market. Besides this, there is a rise in the employment of foams in the construction industry for building insulation and sealants of windows and doors. This, coupled with the growing utilization of foams in stabilizing side hill projects, tiering seating platform construction, building foundations, bridge abutments, and road construction, is catalyzing the demand for foam blowing agents. Additionally, the increasing demand for foams in the automotive industry due to their sound-absorbing, vibration dampening, and lightweight properties is offering lucrative growth opportunities to industry investors.
IMARC Group provides an analysis of the key trends in each sub-segment of the global foam blowing agents market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, foam type and application.
Hydrocarbons (HCs)
Hydrochlorofluorocarbons (HCFCs)
Hydrofluorocarbons (HFCs)
Hydrofluoroolefin (HFO)
Others
Polyurethane Foam
Polystyrene Foam
Phenolic Foam
Polypropylene Foam
Polyethylene Foam
Others
Building and Construction
Automotive
Bedding and Furniture
Appliances
Packaging
Others
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arkema S.A., DuPont de Nemours Inc., Exxon Mobil Corporation, Foam Supplies Inc., Harp International Ltd., HCS Group GmbH, Honeywell International Inc., Linde plc, Marubeni Corporation, Solvay S.A., The Chemours Company and Zeon Corporation.