Foam Blowing Agents Market Trend, Share, Growth, Size and Forecast 2032

Foam Blowing Agents Market Insights

According to a report from Zion Market Research, the global Foam Blowing Agents Market was valued at USD 1502.68 Million in 2023 and is projected to hit USD 2148.05 Million by 2032, with a compound annual growth rate (CAGR) of 4.05% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Foam Blowing Agents industry over the next decade.

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To enhance the existing properties of polymers foam blowing agents are used. In order to strengthen the foam, the foam blowing agents are used to provide the polymer matrix with a cellular structure. The benefits of polymeric foams are that they have low heat transfer, low density, optimum flexibility, and much more. The different types of foam-blowing agents available in the global market are hydrocarbons, water, methyl formate, azodicarbonamide, inert gasses, and methylal.

Global Foam Blowing Agents Market: Growth Factors

The growing automotive industry has increased foam blowing agents demand. These agents are widely used in the production of different automotive parts such as side skirts, roll pans, wiper cowls, and bumpers. Owing to the growing application of foam blowing agents in the automotive and construction sectors its demand is anticipated to be on the rise in the coming years. The development of thriving polystyrene, polyurethane, and other product-based foam industries is triggering the growth of the market.

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The rise in the global population has given the construction sector an important boost which in turn has increased the demand for the product. The increasing demand for housing, flooring material, hospitality, and effective sound furnishing expects to increase the requirement for foam blowing agents in the coming years. The foam blowing agents market also expects to witness a good growth rate in the coming years owing to the development of the packaging and medical devices industries.

Global Foam Blowing Agents Market: Segmentation

The foam blowing agents are globally segmented by product type, applications, and end user.

On the basis of product type, the global market is segregated into hydrofluorocarbons, hydrocarbons, hydrochlorofluorocarbons, hydrazine, water, azodicarbonamide, and CO2.

Based on the applications, the market is categorized into polystyrene foams, polyvinyl chloride foams, polyurethane foams, polyolefin foams, phenolic foams, and others.

Depending on the end user, the market is divided into construction and automotive.

Foam Blowing Agents Market: Report Scope

Global Foam Blowing Agents Market: Regional Analysis

Geographically, the global foam blowing agents market is diversified into Asia Pacific, Latin America, the Middle East and Africa, Europe, and North America. Asia Pacific region dominates the foam blowing agents market due to the developing construction industry. Currently, emerging economies such as South Korea, Thailand, Vietnam, and India are undergoing chief changes in terms of infrastructure thus anticipating an increase in the uptake of foam blowing agents in the regional market.

The phenomenal pace of industrialization and the significant technological advancements that are made in the industries such as packaging, medical devices, and automotive anticipate boosting the consumption of foam blowing agents in the Asia Pacific region. North America also shows steady growth in the foam blowing agents market due to rising activities in the pharmaceutical and packaging industries. On the other hand, Europe shows sluggish market growth in the global market.

Global Foam Blowing Agents Market: Competitive Players

Some of the key market players that are involved in the foam blowing agents are

• Haltermann GmbH
• Sinochem Group
• Daikin Industries Ltd
• Honeywell
• Exxon Mobil Corporation
• Zeon Corporation
• AkzoNobel N.V
• Arkema S.A
• Solvay S.A.
• DuPont

The report segments the Global Foam Blowing Agents market as follows:

Global Foam Blowing Agents Market: Product Type Segment Analysis

• Hydrofluorocarbons
• Hydrocarbons
• Hydrochlorofluorocarbons
• Hydrazine
• Water
• Azodicarbonamide
• CO2

Global Foam Blowing Agents Market: Applications Segment Analysis

• Polystyrene foams
• Polyvinyl chloride foams
• Polyurethane foams
• Polyolefin foams
• Phenolic foams
• Others

Global Foam Blowing Agents Market: End-user Segment Analysis

• Construction
• Automotive

Global Foam Blowing Agents Market: Regional Segment Analysis

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