According to a new market research report published by Global Insight Services “Blowing Agent Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A blowing agent is a substance used to create foam or expand rubber or plastic. When used in plastics and rubbers, the blowing agent is usually a gas that is released from the material as it cures, causing the material to expand and become lighter. Blowing agents are used in a variety of products, including insulation, packaging, and toys.
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Key Players
The global blowing agent market includes players such as Honeywell International, Solvay SA, Arkema SA, Exxon Mobil Corporation, Linde Plc, Daikin Industries Ltd, The Chemours Company, Haltermann Carless, Foam Supplies Inc, and Harp International Ltd.
Key Trends
The key trends in blowing agent technology are the development of more environmentally friendly blowing agents, the use of blowing agents in new applications, and the development of new blowing agent formulations.
The use of chlorofluorocarbons (CFCs) as blowing agents has been phased out due to their impact on the ozone layer. Instead, hydrofluorocarbons (HFCs) are now used as blowing agents in many applications. However, HFCs are also greenhouse gases, so there is a trend towards the use of more environmentally friendly blowing agents such as hydrocarbons, carbon dioxide, and water.
The use of blowing agents is also expanding into new applications such as insulation for pipes and other cylindrical objects, and spray foam insulation.
Key Drivers
The key drivers of the Blowing Agent market are the growing demand for insulation in the construction industry and the need for energy-efficient buildings.
The market is also driven by the increasing use of blowing agents in the automotive and appliance industries.
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Market Segments
The blowing agent market is segmented by type, foam, and region. By type, the market is classified into HC, HFC, HCFC, and others. On the basis of foam, it is bifurcated into phenolic foam, polyolefin foam, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Reasons to buy Blowing Agent Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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