Foam Blowing Agents Global Market Report 2026

Foam blowing agents are materials utilized in the production of foam products that help generate gas bubbles, leading to a lightweight and cellular structure. These agents are frequently used in manufacturing processes for items like expanded polystyrene (EPS) and polyurethane foams, which serve purposes in insulation, packaging, and cushioning applications.

The primary categories of foam blowing agents include hydrocarbons (HCs), hydrofluoroolefin (HFO), hydrofluorocarbons (HFCs), and other variations. Hydrocarbons (HCs) are crucial components derived from compounds containing hydrogen and carbon, such as pentane and butane. These are utilized in foam substrates to impart cellular structure to the material. The diverse foam types encompass polyurethane foam, polystyrene foam, phenolic foam, polypropylene foam, polyethylene foam, and others, catering to applications across building and construction, automotive, bedding and furniture, appliances, packaging, and more.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the foam blowing agents market by increasing costs of imported chemical intermediates, fluorinated compounds, specialty catalysts, and processing equipment used in foam production. Manufacturers in North America and Europe are most affected due to dependence on imported specialty chemicals, while Asia-Pacific faces cost pressure on export-oriented foam manufacturing. These tariffs are raising production costs and influencing formulation choices. However, they are also encouraging local chemical production, accelerated adoption of alternative blowing agents, and innovation in low-cost sustainable formulations.

The foam blowing agents market research report is one of a series of new reports from The Business Research Company that provides foam blowing agents market statistics, including foam blowing agents industry global market size, regional shares, competitors with a foam blowing agents market share, detailed foam blowing agents market segments, market trends and opportunities, and any further data you may need to thrive in the foam blowing agents industry. This foam blowing agents market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The foam blowing agents market size has grown strongly in recent years. It will grow from $1.73 billion in 2025 to $1.85 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to expansion of building insulation demand, growth of polyurethane foam production, increasing packaging foam usage, availability of hydrocarbon-based agents, industrial adoption of polystyrene foams.

The foam blowing agents market size is expected to see strong growth in the next few years. It will grow to $2.34 billion in 2030 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rising environmental regulations on blowing agents, increasing adoption of sustainable construction materials, expansion of electric vehicle insulation requirements, growing demand for energy-efficient appliances, increased investments in low-emission foam technologies. Major trends in the forecast period include rising adoption of low-gwp blowing agents, increasing shift toward hydrofluoroolefin formulations, growing use of co2 and water-based blowing agents, expansion of insulation foam applications, enhanced focus on thermal performance optimization.

The rise in demand for foam blowing agents in consumer appliances is expected to propel the growth of the foam blowing agent market going forward. Foam-blowing agents create cellular structures in materials that undergo hardening or phase transition, including polymers, plastics, and metals. Due to their strong shock-absorbing properties, these agents are widely used in refrigerators and other consumer appliances such as air conditioners, water heaters, and various household devices. For instance, in 2024, the Japan Refrigeration and Air Conditioning Industry Association (JRAIA), a Japan-based non-profit organization, reported that total air conditioner demand in 2023 reached 123,932 thousand units, representing 105% of global demand from the previous year. Therefore, increasing demand from the consumer appliances sector is driving the foam blowing agent market.

The growing construction industry is expected to propel the growth of the foam blowing agent market going forward. The construction industry includes activities related to planning, designing, building, maintaining, and repairing structures, infrastructure, and industrial facilities. Foam blowing agents are key components in the production of insulation materials, which play a critical role in construction. As construction activities expand, the need for insulation materials in residential, commercial, and industrial buildings rises as well. For instance, in March 2023, Oxford Economics, a UK-based economic information services company, projected that the value of global construction work will increase from $9.7 trillion in 2022 to $13.9 trillion by 2037, driven by major construction markets such as China, the U.S., and India. Thus, the expanding construction sector is fueling the demand for foam blowing agents.

Major companies in the foam blowing agent market are emphasizing product development and launches, such as advanced insulation solutions, to strengthen their market presence. Insulation products are materials designed to minimize the transfer of heat or sound between environments. For example, in September 2023, Firestable Insulation Company, a US-based producer of spray polyurethane foam insulation, expanded its product lineup with two new offerings: Stablebase 2.0 Max R and Stablebase 0.5 Max Yield spray polyurethane foam (SPF). Stablebase 2.0 Max R is a closed-cell SPF system featuring next-generation hydrofluoroolefins (HFO) technology, with a low Global Warming Potential (GWP) of less than two and zero Ozone Depletion Potential (ODP). It delivers an industry-leading 7.5 R-value for improved thermal performance and lower operating energy costs. Stablebase 0.5 Max Yield is an open-cell SPF system that provides high yield and low density, using a no-mix formula and 100% water-blown blowing agents to optimize material usage and reduce costs.

Major companies operating in the foam blowing agents market are Arkema S.A., Honeywell International Inc., Exxon Mobil Corporation, E.I. Du Pont De Nemours & Company, Daikin Industries Ltd., Sinochem Group, Solvay S.A., Zeon Corporation Ltd., Linde Group, The Chemours Company, Harp International Ltd., HCS Group GmbH, Haltermann Gmbh, Solstice Performance Fluid, AGC Chemicals Americas Inc., Nouryon, Saudi Basic Industries Corp., Tosoh Corporation, AkzoNobel N.V., Evonik Industries AG, Clariant AG, Eiwa Chemical Industry Co. Ltd., Sinochem Lantian Co. Ltd., Lanxess, Huntsman International LLC, INEOS Group Holdings S.A.

Asia-Pacific was the largest region in the foam blowing agents market in 2025. The regions covered in the foam blowing agents market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the foam blowing agents market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The foam blowing agents market consists of sales of physical and chemical foam blowing agents, liquid carbon dioxide, ammonium bicarbonate (NH4HCO3), sodium bicarbonate (NaHCO3), sodium borohydride (NaBH4), and chlorofluorocarbons (CFCs). Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Foam Blowing Agents Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses foam blowing agents market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for foam blowing agents ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The foam blowing agents market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product Type: Hydrocarbons (HCs); Hydrofluoroolefin (HFO); Hydrofluorocarbons (HFCs); Other Product Types
• 2) By Foam Type: Polyurethane Foam; Polystyrene Foam; Phenolic Foam; Polypropylene Foam; Polyethylene Foam; Other Foam Types
• 3) By Application: Building And Construction; Automotive; Bedding And Furniture; Appliances; Packaging; Other Applications
• Subsegments:
• 1) By Hydrocarbons (HCs): Pentane; Butane; Isobutane
• 2) By Hydrofluoroolefin (HFO): HFO-1234yf; HFO-1234ze
• 3) By Hydrofluorocarbons (HFCs): HFC-134a; HFC-152a; HFC-245fa
• 4) By Other Product Types: Carbon Dioxide (CO2); Nitrous Oxide (N2O); Water-Based Blowing Agents
• Companies Mentioned: Arkema S.A.; Honeywell International Inc.; Exxon Mobil Corporation; E.I. Du Pont De Nemours & Company; Daikin Industries Ltd.; Sinochem Group; Solvay S.A.; Zeon Corporation Ltd.; Linde Group; The Chemours Company; Harp International Ltd.; HCS Group GmbH; Haltermann Gmbh; Solstice Performance Fluid; AGC Chemicals Americas Inc.; Nouryon; Saudi Basic Industries Corp.; Tosoh Corporation; AkzoNobel N.V.; Evonik Industries AG; Clariant AG; Eiwa Chemical Industry Co. Ltd.; Sinochem Lantian Co. Ltd.; Lanxess; Huntsman International LLC; INEOS Group Holdings S.A.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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