Blowing Agents Market by Product Type (HCFC, HC, HFC), Foam (Polyurethane, Polystyrene, Phenolic, Polyolefin Foams), and Region - Global Forecast to 2026

The global blowing agents market is projected to reach USD 5.47 Billion by 2026, at a CAGR of 6.7% from 2016 to 2026. In this study, 2015 has been considered as the base year and the period from 2016 to 2026 is considered as the forecast period to estimate the market size of blowing agents. The growing demand of blowing agents for refrigerant application in Asia-Pacific, Latin America, and Middle East & Africa, coupled with improving environmental awareness is expected to drive the blowing agents market during the forecast period.

Objectives of the Study

• To estimate and forecast the market for blowing agents in terms of value and volume
• To define and segment the market for blowing agents by chemistry, foaming agent process, product, foams and region
• To analyze significant region-specific trends of the market in North America, Western Europe, Central & Eastern Europe, Asia-Pacific, South America, and the Middle East & Africa
• To estimate and forecast the market for blowing agents at the country level in each of the regions. To identify and analyze the key drivers, restraints, and opportunities influencing the blowing agents market
• To analyze the market opportunities and competitive landscape for stakeholders and market leaders
• To analyze recent market developments and competitive strategies such as alliances, joint ventures, and mergers & acquisitions to draw the competitive landscape in the market for blowing agents
• To strategically identify and profile the key market players and analyze their core competencies in each product type, and foams of the blowing agents market

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, and Factiva to identify and collect information useful for a technical, market-oriented, and commercial study of the blowing agents market. The primary sources are mainly several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. The bottom-up approach has been used to estimate market size of blowing agents on the basis of product type, foams, and region, in terms of volume and value. The top-down approach has been implemented to validate the market size, in terms of volume and value. With the data triangulation procedure and validation of data through primary interviews, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study.

To know about the assumptions considered for the study, download the pdf brochure

Blowing agents are defined as a chemical substance capable of producing pores or cells in polymeric compositions. They are widely used in generating the gas to expand rubber, plastics and ceramics to create foam. The raw materials used in fluorine based blowing agents are hydrogen fluoride and chlorocarbons. Hydrogen fluoride is prepared from fluorspar and sulfur and is main source of fluorine for all the fluorochemicals. Chlorocarbons such as methyl chloride, methylene chloride, chloroform, and others are obtained from reaction of methanol. Hydrogen fluoride is reacted with Chlorocarbons to make HCFCs and HFCs. Companies such as INEOS Group AG (Switzerland), The Dow Chemical Company (U.S.), Solvay SA (Belgium), Mexichem Fluor Japan Limited (Japan), and others provide these raw materials in the global market.

Target Audience:

• Blowing Agents Manufacturers
• Blowing Agents Traders, Distributors, and Suppliers
• End Users
• Government and Research Organizations
• Associations and Industrial Bodies
• Research and Consulting Firms
• R&D Institutions
• Environment Support Agencies
• Investment Banks and Private Equity Firms

“This study answers several questions for the stakeholders, primarily which market segments need to be focused in next two to five years for prioritizing their efforts and investments”.

Scope of the Report:

This research report categorizes the market for blowing agents based on product type, foams, and region and forecasts revenue growth and analysis of trends in each of the submarkets.

On the Basis of Product Type:

• HCFC
• HFC
• HC
• Others

On the Basis of Foam:

• Polyurethane Foams
• Polystyrene Foams
• Phenolic Foams
• Polyolefin Foams

On the Basis of Chemistry:

• Physical Blowing Agents
• Chemical Blowing Agents

On the Basis of Foaming Agent Process:

• Exothermic Chemical Foaming Agents
• Endothermic Chemical Foaming Agents
• Endo/Exothermic Blend Chemical Foaming Agents

On the Basis of Region:

• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• North America
  • U.S.
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • U.K.
  • Belgium
  • Rest of Western Europe
• Central & Eastern Europe
  • Russia
  • Turkey
  • Rest of Central & Eastern Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Rest of Middle East & Africa

These segments are further described in detail with their subsegments in the report with value and volume forecasts till 2026.

Available Customizations: The following customization options are available in the report:

1. Company Information

Analysis and profiling of additional global as well as regional market players (up to three)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 By Region
           1.3.2 Years Considered for the Study
           1.3.3 Currency
    1.4 Limitations
    1.5 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Data Triangulation
           2.3.1 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Market Opportunities in the Blowing Agents Market
    4.2 Blowing Agents Market, By Region (2016–2021)
    4.3 Blowing Agents Market Attractiveness
    4.4 Blowing Agents Market in Asia-Pacific, 2015
    4.5 Blowing Agents Market: Emerging vs Mature Markets

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Product
           5.3.2 By Foams
    5.4 Market Dynamics
           5.4.1 Drivers
           5.4.2 Short-Term Drivers
                    5.4.2.1 High Growth in Global Polymeric Foams Market
           5.4.3 Mid-Term Drivers
                    5.4.3.1 Growing Chinese Market
           5.4.4 Long-Term Driver
                    5.4.4.1 Increasing Use of Blowing Agents in Construction, Automotive and Appliances Industry
           5.4.5 Restraints
                    5.4.5.1 Frequent Changes in the Choice of Blowing Agents With Respect to Environmental Regulations
                    5.4.5.2 High Cost of Shifting Technology
           5.4.6 Opportunities
                    5.4.6.1 Increasing Demand for Environment-Friendly Blowing Agents
           5.4.7 Challenges
                    5.4.7.1 Phase Down of HFCs
    5.5 Regulations
           5.5.1 Montreal Protocol (MP)
           5.5.2 Kyoto Protocol
           5.5.3 U.S. Environment Protection Agency (EPA)– Snap Program

6 Industry Trends (Page No. - 47)
    6.1 Introduction
    6.2 Comparison of Blowing Agents
    6.3 Porter’s Five Forces Analysis
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Threat of New Entrants
           6.3.3 Threat of Substitutes
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Economic Indicator
           6.4.1 Trends and Forecast of GDP
           6.4.2 Overview of Manufacting Sector
    6.5 Patent Analysis
           6.5.1 Introduction
           6.5.2 Patent Analysis of Blowing Agents Market, By Product
           6.5.3 Patent Analysis of Blowing Agents Market, By Foams

7 Blowing Agents Market, By Chemistry (Page No. - 59)
    7.1 Introduction
    7.2 Physical Blowing Agents
    7.3 Chemical Blowing Agents

8 Blowing Agents Market, By Foaming Agent Process (Page No. - 61)
    8.1 Introduction
    8.2 Endothermic Chemical Foaming Agents
    8.3 Exothermic Chemical Foaming Agents
    8.4 Endothermic and Exothermic Blend Chemical Foaming Agents

9 Blowing Agents Market, By Product Type (Page No. - 63)
    9.1 Introduction
    9.2 Market Size & Projection
    9.3 Hydrochlorofluorocarbons (HCFCS)
           9.3.1 HCFC-141b
           9.3.2 HCFC-142b
           9.3.3 HCFC-22
           9.3.4 Others HCFCS
    9.4 Hydrofluorocarbons (HFCs)
           9.4.1 HFC-245fa
           9.4.2 HFC-134a
           9.4.3 HFC-365mfc/227ea
           9.4.4 HFC-152a
    9.5 Hydro Carbons (HCS)
           9.5.1 N-Pentane
           9.5.2 Cyclopentane
           9.5.3 Isopentane
           9.5.4 Isobutane
           9.5.5 N-Butane
           9.5.6 Other HCS
    9.6 Others
           9.6.1 Hydrofluoroolefin (HFOS)
           9.6.2 Inert Gases
           9.6.3 Methyl Formate

10 Blowing Agents Market, By Foams (Page No. - 78)
     10.1 Introduction
     10.2 Market Size & Projection
     10.3 By Foam Type
             10.3.1 Polyurethane Foam (PU)
                        10.3.1.1 Appliances
                        10.3.1.2 Apparel
                        10.3.1.3 Automotive
                        10.3.1.4 Building & Construction
                        10.3.1.5 Electronics
                        10.3.1.6 Flooring
                        10.3.1.7 Furnishing
                        10.3.1.8 Marine
                        10.3.1.9 Medical
                        10.3.1.10 Packaging
             10.3.2 Polystyrene Foam (PS)
                        10.3.2.1 Building & Construction
                        10.3.2.2 Food Packaging
                        10.3.2.3 Transportation
                        10.3.2.4 Other Application
             10.3.3 Phenolic Foam
                        10.3.3.1 Building & Construction
                        10.3.3.2 Insulation
                        10.3.3.3 Other Applications
             10.3.4 Polyolefin Foam
                        10.3.4.1 Automotive
                        10.3.4.2 Medical
                        10.3.4.3 Building & Construction
                        10.3.4.4 Packaging
                        10.3.4.5 Other Applications
             10.3.5 Others
                        10.3.5.1 Automotive
                        10.3.5.2 Building & Construction
                        10.3.5.3 Packaging
                        10.3.5.4 Other Applications
     10.4 HCFCS Market, By Foams
     10.5 HFCs Market, By Foams
     10.6 Hydrocarbons (HCS) Market, By Foams
     10.7 Others Blowing Agents Market, By Foams

11 Blowing Agents Market, By Region (Page No. - 91)
     11.1 Introduction
     11.2 Asia-Pacific
             11.2.1 China
             11.2.2 Japan
             11.2.3 India
             11.2.4 South Korea
             11.2.5 Rest of Asia-Pacific
     11.3 North America
             11.3.1 U.S.
             11.3.2 Canada
             11.3.3 Mexico
     11.4 Europe
             11.4.1 Germany
             11.4.2 U.K.
             11.4.3 France
             11.4.4 Belgium
     11.5 Central & Eastern Europe
             11.5.1 Turkey
             11.5.2 Russia
             11.5.3 Rest of Europe
     11.6 Middle East & Africa
             11.6.1 Saudi Arabia
             11.6.2 UAE
             11.6.3 Rest of Middle East & Africa
     11.7 South America
             11.7.1 Brazil
             11.7.2 Argentina
             11.7.3 Rest of South America

12 Competitive Landscape (Page No. - 129)
     12.1 Overview
     12.2 Market Share Analysis
     12.3 Competitive Situation and Trends
     12.4 Partnerships/Agreements/Collaborations
     12.5 New Product Launches
     12.6 Expansions
     12.7 Mergers & Acquisitions
     12.8 Joint Venture

13 Company Profiles (Page No. - 134)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     13.1 Exxon Mobil Corporation
     13.2 Honeywell International Inc.
     13.3 Linde AG
     13.4 Solvay SA
     13.5 Arkema S.A.
     13.6 Daikin Industries, Ltd.
     13.7 E.I. Dupont De Nemours & Company
     13.8 Haltermann GmbH
     13.9 Foam Supplies, Inc.
     13.10 HARP International Ltd.

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Additional Company Profiles (Page No. - 156)

15 Appendix (Page No. - 159)
     15.1 Insights From Industry Experts
     15.2 Discussion Guide
             15.2.1 Global Blowing Agents Market
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports
     15.7 Author Details

List of Tables (94 Tables)

Table 1 Blowing Agents Market, By Product
Table 2 Blowing Agents Market, By Foams
Table 3 Comparison of Blowing Agents, By Property
Table 4 Trends and Forecast of GDP, USD Billion (2015–2021)
Table 5 Trends and Forecast of Manufacturing Sector and Growth, USD Billion (2015–2021)
Table 6 Global Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 7 Global Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 8 HCFC Blowing Agents Market Size, By Region, 2014–2026 (USD Million)
Table 9 HCFC Blowing Agents Market Size, By Region, 2014–2026 (Kiloton)
Table 10 HFC Blowing Agents Market Size, By Region, 2014–2026 (USD Million)
Table 11 HFC Blowing Agents Market Size, By Region, 2014–2026 (Kiloton)
Table 12 HC Blowing Agents Market Size, By Region, 2014–2026 (USD Million)
Table 13 HC Blowing Agents Market Size, By Region, 2014–2026 (Kiloton)
Table 14 Other Blowing Agents Market Size, By Region, 2014–2026 (USD Million)
Table 15 Other Blowing Agents Market Size, By Region, 2014–2026 (Kiloton)
Table 16 Global Blowing Agents Market Size, By Foams, 2014–2026 (USD Million)
Table 17 Global Blowing Agents Market Size, By Foams, 2014–2026 (Kiloton)
Table 18 HCFC Blowing Agents Market Size , By Foams, 2014–2026 (USD Million)
Table 19 HCFC Blowing Agents Market Size, By Foams, 2014–2021(Kiloton)
Table 20 HFC Blowing Agents Market Size, By Foams, 2014–2026 (USD Million)
Table 21 HFC Blowing Agents Market Size, By Foams, 2014–2026 (Kiloton)
Table 22 HC Blowing Agents Market Size, By Foams, 2014–2026 (USD Million)
Table 23 HC Blowing Agents Market Size, By Foams, 2014–2026 (Kiloton)
Table 24 Others Blowing Agents Market Size, By Foams, 2014–2026 (USD Million)
Table 25 Others Blowing Agents Market Size, By Foams, 2014–2026 (Kiloton)
Table 26 Blowing Agents Market Size, By Region, 2014-2026 (USD Million)
Table 27 Blowing Agents Market Size, By Region, 2014-2026 (Kiloton)
Table 28 Asia-Pacific: Blowing Agents Market Size, By Country, 2014–2026 (USD Million)
Table 29 Asia-Pacific: Blowing Agents Market Size, By Country, 2014–2026 (Kiloton)
Table 30 Asia-Pacific: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 31 Asia-Pacific: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 32 China: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 33 China: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 34 Japan: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 35 Japan: Blowing Agents Market Size, By Product Type, 2014–2026 (Kilotons)
Table 36 India: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 37 India: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 38 South Korea: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 39 South Korea: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 40 Rest of Asia-Pacific: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 41 Rest of Asia-Pacific: Blowing Agents Market Size, Product Type, 2014–2026 (Kiloton)
Table 42 North America: Blowing Agents Market Size, By Country, 2014–2026 (USD Million)
Table 43 North America: Blowing Agents Market Size, By Country, 2014–2026 (Kiloton)
Table 44 North America: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 45 North America: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 46 U.S.:Blowing Agents Market Size, By Product Type, 2014-2026 (USD Million)
Table 47 U.S.: Blowing Agents Market Size, By Region, 2014–2026 (Kiloton)
Table 48 Canada: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 49 Canada: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 50 Mexico: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 51 Mexico: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 52 Europe: Blowing Agents Market Size, By Country, 2014–2026 (USD Million)
Table 53 Europe: Blowing Agents Market Size, By Country,2014–2026 (Kiloton)
Table 54 Western Europe: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 55 Western Europe: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 56 Germany: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 57 Germany: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 58 U.K.: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 59 U.K.: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 60 France: Blowing Agents Market Size, By Product Type, 2014–2021 (USD Million)
Table 61 France: Blowing Agents Market Size, By Product Type, 2014–2021 (Kiloton)
Table 62 Belgium: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 63 Belgium: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 64 Turkey: Blowing Agents Market Size, By Product Type, 2014–2026(USD Million)
Table 65 Turkey: Blowing Agents Market Size, By Product Type, 2014–2026(Kiloton)
Table 66 Russia: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 67 Russia: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 68 Rest of Central & Eastern Europe: Blowing Agents Market Size, By Product Type , 2014–2026 (USD Million)
Table 69 Rest of Central & Eastern Europe: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 70 Middle East & Africa: Blowing Agents Market Size, By Country, 2014–2026 (USD Million)
Table 71 Middle East & Africa: Blowing Agents Market Size, By Country, 2014–2026 (Kiloton)
Table 72 Middle East & Africa: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 73 Middle East & Africa: Blowing Agents Market Size, By Product Type, 2014–2026(Kiloton)
Table 74 Saudi Arabia: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 75 Saudi Arabia: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 76 UAE: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 77 UAE: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 78 Rest of Middle East: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 79 Rest of Middle East: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 80 South America: Blowing Agentsmarket Size, By Country, 2014–2026 (USD Million)
Table 81 South America: Blowing Agentsmarket Size, By Country, 2014–2026 (Kiloton)
Table 82 South America: Blowing Agentsmarket Size, By Product Type, 2014–2026 (USD Million)
Table 83 South America: Blowing Agentsmarket Size, By Product Type, 2014–2026 (Kiloton)
Table 84 Brazil: Blowing Agentsmarket Size, By Product Type, 2014–2026 (USD Million)
Table 85 Brazil: Blowing Agentsmarket Size,By Product Type, 2014–2026 (Kiloton)
Table 86 Argentina: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 87 Argentina: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 88 Rest of South America: Blowing Agents Market Size, By Product Type, 2014–2026 (USD Million)
Table 89 Rest of South America: Blowing Agents Market Size, By Product Type, 2014–2026 (Kiloton)
Table 90 Partnerships/Agreements/ Collaborations, 2011–2016
Table 91 New Product Launches, 2011–2016
Table 92 Expansions, 2011–2016
Table 93 Mergers & Acquisitions, 2011–2016
Table 94 Joint Venture, 2011–2016

List of Figures (51 Figures)

Figure 1 Blowing Agents: Market Segmentation
Figure 2 Blowing Agents Market: Research Methodology
Figure 3 Breakdown of Primary Interviews
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Market Size Estimation: Bottom-Up Approach
Figure 6 Blowing Agents Market: Data Triangulation
Figure 7 HFC to Witness A High Growth in Blowing Agent Market in 2021 By Volume (Kiloton)
Figure 8 Polyurethane Foam to Dominate the Blowing Agents Market, 2016–2021
Figure 9 Asia-Pacific Accounted for the Largest Share of Blowing Agents Market, 2015
Figure 10 Blowing Agents Market Size, 2016–2021 (USD Billion)
Figure 11 Asia-Pacific to Be the Fastest-Growing Market During the Forecast Period
Figure 12 Polyurethane Foam to Dominate the Blowing Agents Market, 2016–2021, By Value(USD Million)
Figure 13 Blowing Agents Market to Register High Growth in Emerging Economies Between 2016 and 2021
Figure 14 China Accounted for the Largest Share of Asia-Pacific Blowing Agents Market
Figure 15 China to Emerge as the Most Lucrative Market Between 2016 and 2021, By Value (USD Million)
Figure 16 Evolution of Blowing Agents
Figure 17 Drivers, Restraints, Opportunities, and Challenges in the Blowing Agents Market
Figure 18 Blowing Agents Market: Impact Analysis, 2015-2026
Figure 19 Value Chain Analysis of Blowing Agents
Figure 20 Porter’s Five Forces Analysis for the Blowing Agents Market
Figure 21 Trends and Forecast of GDP, USD Billion (2015)
Figure 22 Contribution of Manufacturing Sector in GDP and Growth (USD Billion)
Figure 23 Hydrocarbons are the Most Researched Type of Blowing Agents, 2011–2016
Figure 24 Polystyrene Foam is the Most Researched Foam of Blowing Agents Market, 2011–2016
Figure 25 Central & Eastern Europe and Middle East & Africa Filed the More Patents for Blowing Agents Market, 2011–2016
Figure 26 HFC to Witness the Highest Growth in 2021 By Volume (Kiloton)
Figure 27 Asia-Pacific to Be the Largest Market for HCFC Blowing Agents Market, 2016–2021
Figure 28 Polyurethane Foam to Dominate the Blowing Agents Market, 2016–2021
Figure 29 Regional Snapshot: India to Emerge as A New Strategic Destination, 2016–2021
Figure 30 Regional Snapshot: North America, 2016–2021
Figure 31 Regional Snapshot: Europe, 2016–2021
Figure 32 HFC is the Largest Product Type of Blowing Agents in Russia, 2016 vs 2021
Figure 33 Regional Snapshot: Middle East & Africa, 2016–2021
Figure 34 HC to Witness the Highest Growth in the Forecast Period, 2016 to 2021, in Saudi Arabia
Figure 35 Regional Snapshot: South America, 2016–2021
Figure 36 HCFC is the Largest Product Type of Blowing Agents in Brazil, 2016 vs 2021
Figure 37 Partnership/ Agreement/ Collaborations Were the Most Preferred Strategy Adopted By Key Companies, 2011–2016
Figure 38 Blowing Agents Market Share Analysis
Figure 39 Battle for Developmental Share: Partnership/ Agreement/ Collaborations Was the Key Strategy, 2011–2016
Figure 40 Exxon Mobil Corporation: Company Snapshot
Figure 41 Exxon Mobil Corporation: SWOT Analysis
Figure 42 Honeywell International Inc.: Company Snapshot
Figure 43 Honeywell International Inc.: SWOT Analysis
Figure 44 Linde AG : Company Snapshot
Figure 45 Linde AG : SWOT Analysis
Figure 46 Solvay SA : Company Snapshot
Figure 47 Solvay SA: SWOT Analysis
Figure 48 Arkema SA: Company Snapshot
Figure 49 Arkema SA: SWOT Analysis
Figure 50 Daikin Industries, Ltd.: Company Snapshot
Figure 51 E. I. Dupont De Nemours and Company:Company Snapshot

The global blowing agent market is projected to reach USD 5.47 Billion by 2026, at a CAGR of 6.7% from 2016 to 2026. The growth is attributed to the growing construction & building, appliances, automotive, and other industries globally. Players operating in this market are adopting various organic and inorganic strategies to expand their presence in the emerging economies such as Asia-Pacific, the Middle East & Africa, and Latin America.

Hydrofluorocarbons (HFC) is the most-widely used product type of blowing agents. HFCs has currently become a widely accepted blowing agent type as they are eco-friendly since they have low ozone depletion potential (ODP). Also, these are used as a replacement for hydrochlorofluorocarbons (HCFCs) as they are scheduled to phase out by 2030. HCFCs are harmful to the environment and hence are scheduled to phase out. This is driving the manufacturers to use HFCs as a replacement for HCFCs in most of the applications.

Asia-Pacific is the global leader in the blowing agents market, in terms of value, and is expected to continue till 2021. Countries in this region such as China, India, Japan, and South Korea are witnessing significant increase in the use of blowing agents in various end-use industries. The building & construction, automotive, appliances, and others industries are driving the demand of the blowing agents. Other regions like Latin America is also expected to show significant growth in this market due to improving economic conditions. Also, various players are expanding their reach to South America. The markets in Europe and North America are mature and are expected to witness a comparatively lesser growth.

Frequent changes in the choice of blowing agents with respect to environmental regulations is a major restraint toward the growth of the blowing agent market. Various foams formed using these blowing agents include polyurethane foam, polystyrene foam, phenolic foam, and polyolefin foam. The blowing agents used are HCFC, HFC, HC, and others, of which HCFC is scheduled to phase out in accordance with the Montreal Protocol of 2007, as they are harmful to the environment due to their high ODP and GWP.

The Exxon Mobil Corporation (U.S.), Honeywell International Inc. (U.S.), Linde AG (Germany), Solvay SA (Belgium), and Arkema SA (France) are the dominant participants in the global blowing agents market. These companies have been adopting various organic and inorganic growth strategies such as collaborations/partnerships/agreements, expansions, mergers & acquisitions, and new product launches to enhance their share in the blowing agents market.

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