The global blowing agent market size is estimated at USD 1.4 billion in 2021 and is projected to reach USD 1.9 billion by 2026, at a CAGR of 6.5%, between 2021 and 2026. Blowing agents are defined as chemical substances capable of producing pores or cells in polymeric compositions. They are used widely in generating gas to expand rubber, plastics, and ceramics to create foams. They are highly utilized materials for manufacturing different types of polymeric foams to achieve specific properties and enhancing the nature of polymer parts.
APAC is projected to be the largest blowing agent market during the forecast period. The growing construction, automotive, footwear, and manufacturing industries are the major factors driving the growth of blowing agents in the region. The region’s rapid economic development, increased standard of living, rising per capita income are the factors driving the growth of the industries mentioned above. Also, the increasing usage of eco-friendly blowing agents, along with the consumption of HFCs and HCFCs, will drive the blowing agent market in the region.
To know about the assumptions considered for the study download the pdf brochure
The key players in the blowing agents market are Honeywell International Inc. (US), Solvay SA (Belgium), Arkema SA (France), Exxon Mobil Corporation (US), Linde plc (UK), Daikin Industries, Ltd. (Japan), The Chemours Company (US), Haltermann Carless (Germany), Foam Supplies, Inc. (US), Harp International Ltd. (UK). The blowing agent market report analyzes the key growth strategies adopted by the leading market players, between 2016 and 2021, which include expansions, merger & acquisition, new product developments, and collaborations.
Honeywell International Inc. (US) is one of the major players in the blowing agent market. The company is operating in the low GWP blowing agent market along with the continuous transition from the production of CFC’s to HCFC’s to HFC’s to HFO’s over the years with the ongoing phase-out of existing blowing agents. The company offers its products through four operating segments, namely, aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. The company has its R&D facilities in the US, Europe, India, and China. The company has a global presence at 991 locations, of which 252 are manufacturing sites.
Solvay SA (Belgium) is one of the leading players in the blowing agent market. The company engages in the manufacturing and sale of chemical and plastic products. It functions through three business segments – advanced formulations, advanced materials, and performance chemicals. The company offers HCFC and HFC blowing agents through its special chemical division under the advanced materials business segment. The company has 125 sites and presence in 62 locations across the globe with 21 major R&D centers.
Reqest for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=71329121
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/blowing-agents-market-71329121.html