Blowing Agent Market

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Blowing Agent Market by Chemistry, Foaming Process, Type (Hydrochlorofluorocarbons (HCFC), Hydrofluorocarbons (HFCS), Hydrocarbons (HCS)), Foam (Polystyrene Foam, Phenolic Foam, Polyolefin Foam), and Region - Global Forecast to 2029

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Report Code: CH 2309 Apr, 2024, by marketsandmarkets.com

Updated on : August 05, 2024

Blowing Agent Market

Blowing Agent Market is valued at USD 1.8 billion in 2024 and is projected to reach USD 2.3 billion by 2029, growing at 5.5% cagr from 2024 to 2029. Increasing demand in various end-use industries and high growth in the global polymeric foams market driving the market for blowing agent. The Asia Pacific region is one of the largest and fastest-growing markets for blowing agents globally. Rapid industrialization, urbanization, and infrastructure development in countries like China and India are driving the demand for blowing agents, particularly in sectors such as construction, automotive, packaging, and appliances. The construction sector in Asia Pacific is a major consumer of blowing agents, primarily for thermal insulation materials. Rising demand for residential and commercial buildings, as well as infrastructure projects, is fueling the growth of the blowing agent market in this region.

Attractive Opportunities in the Blowing Agent Market

Blowing Agent Market

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Blowing Agent Market

Blowing Agent Market Dynamics

Driver: High growth in global polymeric foams market

The polymer foam market is driven by increasing demand from the packaging, automotive, building & construction, marine, transportation, appliances, bedding & furniture, and packaging industry. The growth of the polymer foams market further facilitates the use of blowing agents, and hence this directly affects the volume of blowing agents required. Also, continuous expansion, growing awareness of high-quality products and demand of polymeric foam industry, especially in APAC, the Middle East & Africa, and South American regions, would create a huge demand for blowing agent used for foam blowing purposes. The emerging economies, such as India, China, Brazil, Southeast Asia, and Mexico, are expected to be the most lucrative destinations for the polymer foam market in the near future. Thus, the expected increase in the demand for different types of polymeric foam in varied end-use applications will drive the market for blowing agent in the coming years.

Restraint: Frequent changes in the choice of blowing agents due to environmental regulations

The growth of the blowing agents market faces challenges due to shifting preferences in blowing agents driven by environmental regulations. The transition from one blowing agent technology to another poses technical complexities that act as potential barriers. Interconnected technical, commercial, and legislative issues further complicate this shift, adding potential limitations. The regulations and codes governing blowing agent selection present a significant challenge for foam producers aiming to move towards zero-emission solutions. The Montreal Protocol plays a pivotal role in driving major transitions in blowing agents, especially in Article 5 countries, funded through national HCFC Phase-out Management Plans (HPMPs) in response to Decision XIX/6. Initially, HFC-134a replaced chlorofluorocarbons (CFCs) as a blowing agent due to the latter's ozone-depleting effects, leading to a ban under the Montreal Protocol in 1989. Presently, Massachusetts law 310 CMR 7.76 prohibits the sale of XPS foam containing specific hydrofluorocarbons (HFCs) after January 1, 2024, aiming to reduce greenhouse gas emissions from XPS foam, specifically targeting HFC-134a as a prohibited blowing agent. The increasing focus on reducing carbon emissions and the adoption of eco-friendly blowing agents in response to environmental concerns are key drivers of the next generation blowing agents’ market. Additionally, the technical complexity involved in the shift from one blowing agent technology to another is a potential barrier in itself, and the complexity of interrelated technical, commercial, and legislative problems which need to be addressed may create additional limitations.

Opportunity: Innovations in performance advancements and eco-friendly blowing agents

The demand for environmentally friendly blowing agents has rapidly increased in the past few years and is expected to remain the same in the future. The major reason behind this increase in the global demand for eco-friendly blowing agents is owing to the amendments in the rules and regulations concerning this market. The environmental regulations & restrictions such as EU F-Gas Initiatives (GWP<150), Kigali agreement, and Kyoto Protocol (5% reductions in GHG emission) plays an important role in the market development of blowing agent at a global level. The growing demand for environmentally friendly solutions is pushing the development of bio-based blowing agents derived from sources such as vegetable oils, plant starches, and organic acids. These have a lesser environmental effect and promote circular economic ideas. High-performance blowing agents, such as HFC (Hydrofluorocarbon) blowing agents, do not deplete ozone and have a lower Global Warming Potential (GWP) than typical blowing agents, making them more environmentally friendly. Blowing agents are being designed with additional features beyond gas expansion, such as flame retardancy, enhanced thermal insulation, and antibacterial qualities. This adds value to the finished foam product. Incorporating nanoparticles into foam compositions can improve mechanical strength, fire resistance, and other qualities, bringing up new uses in fields including aerospace and transportation. Increasing demand for high-performance foams in areas like medical devices, electronics, and filtration is creating niches for specialized blowing agents with tailored properties.

Challenge: Fluctuation in raw material prices and supply chain disruptions

Price variations and disruptions in the supply chain within the blowing agents market result from diverse factors such as fluctuations in raw material costs, adherence to environmental regulations, and the unpredictability of the global economy. To illustrate, let's examine the scenario of HFO-1234yf, a prevalent hydrofluoroolefin (HFO) blowing agent utilized in polyurethane (PU) foams for insulation and refrigeration purposes. HFO-1234yf is predominantly derived from tetrafluoroethane (R-134a). In 2021, the cost of R-134a surged due to global initiatives aiming to phase out high-GWP refrigerants, leading to heightened demand as a temporary alternative, especially from the air conditioning sector. Hurricane Laura in 2020 briefly halted a major R-134a production facility in the US, exacerbating supply constraints. Consequently, R-134a prices, and subsequently HFO-1234yf, quadrupled in certain regions within a year, significantly impacting polyurethane foam manufacturers. This surge in costs extended to PU foam products like insulation panels and refrigerators, potentially affecting consumer demand. Additionally, trade conflicts and protective trade policies may complicate the sourcing of specific raw materials or finished blowing agents, contributing to price fluctuations and supply shortages. The resulting uncertainty in supply poses challenges for manufacturers in maintaining optimal inventory levels, potentially leading to stockouts or overstocking.

Blowing Agent Market Ecosystem

Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis

"Polyurethane foam is largest foam type in blowing agent market, in terms of value."

Polyurethane foam is indeed one of the most widely used types of foam in various industries due to its versatility, durability, and excellent insulating properties. It's used in applications such as building insulation, furniture cushioning, automotive interiors, and packaging. Polyurethane foam can be formulated to have a wide range of properties, including different densities, hardness, and flexibility, making it suitable for various applications across industries.

"Based on type, hydrocarbons is the largest blowing agent market in 2023, in terms of value."

Hydrocarbons can be used in various foam applications, including insulation for buildings, refrigeration, packaging, and automotive components. Their versatility allows for a wide range of foam densities, properties, and applications. Hydrocarbons exhibit good blowing efficiency, enabling the production of foams with consistent quality and properties. They can effectively expand foam materials to achieve the desired structure and performance characteristics.

“North America accounted the second largest market for blowing agent in 2023, in terms of value."

The blowing agent market in North America has experienced significant growth in recent years, driven by various factors including increasing demand from end-use industries, regulatory changes, and technological advancements. Stringent energy efficiency regulations and building codes in North America have led to a growing demand for high-performance insulation materials. Blowing agents play a crucial role in enhancing the thermal insulation properties of foam materials used in buildings, thereby contributing to energy savings and compliance with regulations such as ENERGY STAR and LEED certification.

Blowing Agent Market by Region

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Blowing Agent Market Players

The key players in this market are Honeywell International Inc. (US), Solvay (Belgium), Arkema (France), Exxon Mobil Corporation (US), Linde PLC (UK), Daikin Industries Ltd. (Japan), The Chemours Company (US), BASF SE (Germany), HCS Group (Germany), FSI (US), and Harp International Ltd. (UK). Continuous developments in the market—including new product launches, mergers & acquisitions, agreements, and expansions—are expected to help the market grow.

Blowing Agent Market Report Scope

Report Metric	Details
Years considered for the study	2020-2029
Base Year	2023
Forecast period	2024–2029
Units considered	Kiloton; Value (USD Million)
Segments	Type, Foam, and Region
Regions	Asia Pacific, North America, Europe, Middle East & Africa, and South America
Companies	Honeywell International Inc. (US), Solvay (Belgium), Arkema (France), Exxon Mobil Corporation (US), Linde PLC (UK), Daikin Industries Ltd. (Japan), The Chemours Company (US), BASF SE (Germany), HCS Group (Germany), FSI (US), and Harp International Ltd. (UK).

This report categorizes the global blowing agents market based on type, foam, and region.

Blowing Agent Market based on the type:

HC
HFC
HCFC
Others

Blowing Agent Market based on the foam:

Polyurethane Foam
Polystyrene Foam
Phenolic Foam
Polyolefin Foam
Others

Blowing Agent Market based on the region:

Asia Pacific
Europe
North America
South America
Middle East & Africa

Recent Developments

In December 2023, BASF completed its capacity expansion for key specialty amines manufactured at its Geismar, Louisiana site. As a result, BASF will be able to produce more of its key polyetheramines and amine catalysts marketed under the Baxxodur and Lupragen brands. Blowing agents falls under Lupragen products.
In November 2023, The Chemours Company announced it is expanding production of Chemours HFC-152a by approximately 20 percent. HFC-152a is a versatile, low GWP, non-VOC, aerosol propellant and foam blowing agent used in a wide range of personal care, household, industrial, and construction applications.

Frequently Asked Questions (FAQ):

What are the factors influencing the growth of the blowing agent market?

The growth of this market can be attributed to increasing demand from end-use industries, regulatory environment, and technological advancements.

Which are the key sectors driving the blowing agent market?

The sectors driving the demand for blowing agent are construction, automotive, packaging and refrigeration industry.

Who are the major manufacturers?

Major manufacturers include Honeywell International Inc. (US), Solvay (Belgium), Arkema (France), Exxon Mobil Corporation (US), Linde PLC (UK), Daikin Industries Ltd. (Japan), The Chemours Company (US), BASF SE (Germany), HCS Group (Germany), FSI (US), and Harp International Ltd. (UK), among others.

What is the biggest restraint for blowing agent?

The biggest restraint can be frequent changes in the choice of blowing agents due to environment regulations.

How is recession impact affecting the overall blowing agent market?

The recession impact is majorly affecting the developed regions like North America and Europe whereas developing regions like Asia Pacific are largely unimpacted. .

What will be the growth prospects of the blowing agent market?

Increasing demand for blowing agent from various end-use industries and growing awareness. .

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 33)

1.1 STUDY OBJECTIVES

1.2 MARKET DEFINITION

1.3 STUDY SCOPE

1.3.1 MARKET SEGMENTATION

1.3.2 REGIONS COVERED

1.3.3 INCLUSIONS & EXCLUSIONS

1.3.4 YEARS CONSIDERED

1.4 CURRENCY CONSIDERED

1.5 UNITS CONSIDERED

1.6 STAKEHOLDERS

1.7 SUMMARY OF CHANGES

1.8 RECESSION IMPACT

2 RESEARCH METHODOLOGY (Page No. - 37)

2.1 RESEARCH DATA

FIGURE 1 BLOWING AGENT MARKET: RESEARCH DESIGN

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 List of primary interview participants–demand and supply side

2.1.2.3 Key industry insights

2.1.2.4 Breakdown of primary interviews

2.2 MARKET SIZE ESTIMATION

2.2.1 BOTTOM-UP APPROACH

FIGURE 2 BLOWING AGENT MARKET: BOTTOM-UP APPROACH

2.2.2 TOP-DOWN APPROACH

FIGURE 3 BLOWING AGENT MARKET: TOP-DOWN APPROACH

FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH

2.3 FORECAST NUMBER CALCULATION

FIGURE 5 DEMAND-SIDE FORECAST PROJECTIONS

2.4 DATA TRIANGULATION

FIGURE 6 BLOWING AGENT MARKET: DATA TRIANGULATION

2.5 FACTOR ANALYSIS

2.6 ASSUMPTIONS

2.7 LIMITATIONS & RISKS

2.8 RECESSION IMPACT

3 EXECUTIVE SUMMARY (Page No. - 46)

FIGURE 7 POLYURETHANE FOAM SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD

FIGURE 8 HYDROCARBONS (HC) TO BE FASTEST-GROWING TYPE DURING FORECAST PERIOD

FIGURE 9 ASIA PACIFIC TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 49)

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BLOWING AGENT MARKET

FIGURE 10 ASIA PACIFIC TO LEAD BLOWING AGENT MARKET DURING FORECAST PERIOD

4.2 BLOWING AGENT MARKET, BY FOAM

FIGURE 11 POLYURETHANE FOAM TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD

4.3 BLOWING AGENT MARKET, BY TYPE

FIGURE 12 HYDROCARBONS (HC) TO LEAD MARKET DURING FORECAST PERIOD

4.4 BLOWING AGENT MARKET, BY KEY COUNTRIES

FIGURE 13 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 51)

5.1 INTRODUCTION

5.2 MARKET DYNAMICS

FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN BLOWING AGENT MARKET

5.2.1 DRIVERS

5.2.1.1 Increasing demand for blowing agents in different end-use industries

TABLE 1 AUTOMOTIVE INDUSTRY STATISTICS, BY COUNTRY, 2021–2022 (UNIT)

5.2.1.2 High growth of global polymeric foams market

5.2.2 RESTRAINTS

5.2.2.1 Frequent changes in choice of blowing agents

5.2.2.2 Hurdles in manufacturing blowing agents due to unwanted chemical reactions

5.2.3 OPPORTUNITIES

5.2.3.1 Increasing demand for eco-friendly blowing agents

5.2.3.2 Technological advancements leading to improved efficiency and quality control

5.2.4 CHALLENGES

5.2.4.1 Release of VOCs to cause phase-out of blowing agents

5.2.4.2 Fluctuations in raw material costs and supply chain disruptions

6 INDUSTRY TRENDS (Page No. - 56)

6.1 INTRODUCTION

6.2 VALUE CHAIN ANALYSIS

FIGURE 15 BLOWING AGENT MARKET: VALUE CHAIN ANALYSIS

6.2.1 RAW MATERIAL SUPPLIERS

6.2.2 BLOWING AGENT MANUFACTURERS

6.2.3 FOAM MANUFACTURERS

6.2.4 END USERS

6.3 REGULATORY LANDSCAPE

6.3.1 REGULATIONS

6.3.2 KYOTO PROTOCOL

6.3.3 NORTH AMERICA

6.3.3.1 US ENVIRONMENT PROTECTION AGENCY (EPA)–SNAP PROGRAM

6.3.3.2 Regulations for manufacturing insulation with low-GWP blowing agents in Canada

6.3.3.3 Regulations for licensing HFCs in Mexico

6.3.4 EUROPE

6.3.4.1 European Union F-Gas Regulation (Regulation (EU) No 517/2014)

6.3.4.2 REACH legislation (Regulation (EC) No 1907/2006)

6.3.4.3 Ozone Depleting Substances and Fluorinated Greenhouse Gases Regulations 2008 (ODSR & FGG Regulations)

6.3.5 ASIA PACIFIC

6.3.5.1 China’s ODS phase-out program

6.3.5.2 India’s HFC phase-out program

6.3.6 REGULATORY BODIES, GOVERNMENT AGENCIES, & OTHER ORGANIZATIONS

TABLE 2 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 3 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 4 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

6.4 TRADE ANALYSIS

6.4.1 IMPORT SCENARIO

FIGURE 16 IMPORT OF COMPOUND PLASTICIZERS FOR RUBBER OR PLASTICS, BY KEY COUNTRIES, 2018–2022 (USD MILLION)

6.4.2 EXPORT SCENARIO

FIGURE 17 EXPORT OF COMPOUND PLASTICIZERS FOR RUBBER OR PLASTICS, BY KEY COUNTRIES, 2018–2022 (USD MILLION)

6.5 ECOSYSTEM

FIGURE 18 BLOWING AGENT MARKET: ECOSYSTEM MAPPING

TABLE 5 BLOWING AGENT MARKET: ROLE IN ECOSYSTEM

6.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS

FIGURE 19 NEW REVENUE POCKETS IN BLOWING AGENT MARKET

6.7 TECHNOLOGY ANALYSIS

6.7.1 KEY TECHNOLOGY

6.7.1.1 HFO-based spray foam technology

6.7.2 COMPLEMENTARY TECHNOLOGY

6.7.2.1 Bio-based blowing agents

6.7.3 ADJACENT TECHNOLOGY

6.7.3.1 Energy storage materials

6.8 RAW MATERIAL ANALYSIS

6.8.1 CHEMICAL COMPOUNDS

6.8.2 HYDROCARBON BLOWING AGENTS

6.9 PORTER’S FIVE FORCES ANALYSIS

FIGURE 20 BLOWING AGENT MARKET: PORTER’S FIVE FORCES ANALYSIS

6.9.1 BARGAINING POWER OF SUPPLIERS

6.9.2 THREAT OF NEW ENTRANTS

6.9.3 THREAT OF SUBSTITUTES

6.9.4 BARGAINING POWER OF BUYERS

6.9.5 INTENSITY OF COMPETITIVE RIVALRY

TABLE 6 BLOWING AGENT MARKET: PORTER’S FIVE FORCES ANALYSIS

6.10 KEY CONFERENCES AND EVENTS

TABLE 7 BLOWING AGENT MARKET: KEY CONFERENCES AND EVENTS, 2024–2025

6.11 CASE STUDY ANALYSIS

6.11.1 ECOMATE: A SUPERIOR BLOWING AGENT FOR HIGH HUMIDITY AND FIRE RESISTANCE

6.11.2 PREPARATION AND CHARACTERIZATION OF SODIUM TRISILICATE AND CALCIUM CARBONATE IN MAGNESIUM ALLOY FOAM

6.12 PATENT ANALYSIS

6.12.1 METHODOLOGY

6.12.2 DOCUMENT TYPE

FIGURE 21 BLOWING AGENT MARKET: GRANTED PATENTS

6.12.3 PUBLICATION TRENDS IN LAST 10 YEARS

FIGURE 22 NUMBER OF PATENTS YEAR-WISE FROM 2013 TO 2023

6.12.4 INSIGHTS

6.12.5 LEGAL STATUS

6.12.6 JURISDICTION ANALYSIS

FIGURE 23 TOP JURISDICTION, BY DOCUMENT

6.12.7 TOP APPLICANTS

FIGURE 24 TOP 10 PATENT APPLICANTS

TABLE 8 BLOWING AGENT MARKET: PATENTS BY BASF SE

TABLE 9 BLOWING AGENT MARKET: PATENTS BY DOW GLOBAL TECHNOLOGIES LLC

TABLE 10 BLOWING AGENT MARKET: PATENTS BY EVONIK OPERATIONS GMBH

TABLE 11 TOP 20 PATENT OWNERS IN LAST TEN YEARS

6.13 KEY STAKEHOLDERS AND BUYING CRITERIA

6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS

FIGURE 25 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS

TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS (%)

6.13.2 BUYING CRITERIA

FIGURE 26 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS

TABLE 13 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS

6.14 MACROECONOMIC INDICATORS

6.14.1 GLOBAL GDP TRENDS

TABLE 14 TRENDS OF PER CAPITA GDP, 2020–2022 (USD)

TABLE 15 GDP GROWTH ESTIMATE AND PROJECTION OF KEY COUNTRIES, 2023–2027

6.14.2 TRENDS IN AUTOMOTIVE INDUSTRY

TABLE 16 VEHICLE PRODUCTION STATISTICS, BY COUNTRY, 2021–2022 (UNIT)

6.15 PRICING ANALYSIS

6.15.1 AVERAGE SELLING PRICE, BY REGION

FIGURE 27 AVERAGE SELLING PRICE TREND, BY REGION (USD/KG)

6.15.2 AVERAGE SELLING PRICE OF PRODUCTS OFFERED BY KEY PLAYERS, BY FOAM TYPE

FIGURE 28 AVERAGE SELLING PRICE TREND OF PRODUCTS OFFERED BY KEY PLAYERS, BY FOAM (USD/KG)

6.15.3 AVERAGE SELLING PRICE, BY FOAM (USD/KG)

FIGURE 29 AVERAGE SELLING PRICE TREND, BY FOAM (USD/KG)

6.15.4 AVERAGE SELLING PRICE, BY TYPE (USD/KG)

TABLE 17 AVERAGE SELLING PRICE OF BLOWING AGENTS, BY TYPE (USD/KG)

6.16 INVESTMENT AND FUNDING SCENARIO

FIGURE 30 INVESTMENT AND FUNDING SCENARIO, 2019–2023 (USD MILLION)

6.17 FUNDING, DATA

FIGURE 31 FUNDING, BY END USE

7 BLOWING AGENT MARKET, BY CHEMISTRY (Page No. - 86)

7.1 INTRODUCTION

7.2 PHYSICAL BLOWING AGENT

7.3 CHEMICAL BLOWING AGENT

8 BLOWING AGENT MARKET, BY FOAMING PROCESS (Page No. - 88)

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 AGENT MARKET, BY FOAM (Page No. - 90)

9.1 INTRODUCTION

FIGURE 32 POLYURETHANE FOAM TO DOMINATE BLOWING AGENT MARKET

TABLE 18 BLOWING AGENT MARKET SIZE, BY FOAM, 2020–2023 (KILOTON)

TABLE 19 BLOWING AGENT MARKET SIZE, BY FOAM, 2024–2029 (KILOTON)

TABLE 20 BLOWING AGENT MARKET SIZE, BY FOAM, 2020–2023 (USD MILLION)

TABLE 21 BLOWING AGENT MARKET SIZE, BY FOAM, 2024–2029 (USD MILLION)

9.1.1 POLYURETHANE FOAM (PU)

9.1.1.1 Appliances

9.1.1.2 Apparel

9.1.1.3 Automotive

9.1.1.4 Building & construction

9.1.1.5 Electronics

9.1.1.6 Flooring

9.1.1.7 Furnishing

9.1.1.8 Marine

9.1.1.9 Medical

9.1.1.10 Packaging

9.1.2 POLYSTYRENE FOAM (PS)

9.1.2.1 Building & construction

9.1.2.2 Food packaging

9.1.2.3 Transportation

9.1.2.4 Other applications

9.1.3 PHENOLIC FOAM

9.1.3.1 Building & construction

9.1.3.2 Insulation

9.1.3.3 Other applications

9.1.4 POLYOLEFIN FOAM

9.1.4.1 Automotive

9.1.4.2 Medical

9.1.4.3 Building & construction

9.1.4.4 Packaging

9.1.4.5 Other applications

9.1.5 OTHER FOAMS

9.1.5.1 Automotive

9.1.5.2 Building & construction

9.1.5.3 Packaging

9.1.5.4 Other applications

9.2 HCFCS MARKET, BY FOAM

FIGURE 33 PU FOAM TO BE LARGEST APPLICATION OF HCFC BLOWING AGENT

TABLE 22 HCFC BLOWING AGENT MARKET SIZE, BY FOAM, 2020–2023 (KILOTON)

TABLE 23 HCFC BLOWING AGENT MARKET SIZE, BY FOAM, 2024–2029 (KILOTON)

TABLE 24 HCFC BLOWING AGENT MARKET SIZE, BY FOAM, 2020–2023 (USD MILLION)

TABLE 25 HCFC BLOWING AGENT MARKET SIZE, BY FOAM, 2024–2029 (USD MILLION)

9.3 HFCS MARKET, BY FOAM

FIGURE 34 PU FOAM TO BE LARGEST APPLICATION OF HFC BLOWING AGENT

TABLE 26 HFC BLOWING AGENT MARKET SIZE, BY FOAM, 2020–2023 (KILOTON)

TABLE 27 HFC BLOWING AGENT MARKET SIZE, BY FOAM, 2024–2029 (KILOTON)

TABLE 28 HFC BLOWING AGENT MARKET SIZE, BY FOAM, 2020–2023 (USD MILLION)

TABLE 29 HFC BLOWING AGENT MARKET SIZE, BY FOAM, 2024–2029 (USD MILLION)

9.4 HYDROCARBONS (HCS) MARKET, BY FOAM

FIGURE 35 PU FOAM TO BE LARGEST APPLICATION OF HC BLOWING AGENT

TABLE 30 HC BLOWING AGENT MARKET SIZE, BY FOAM, 2020–2023 (KILOTON)

TABLE 31 HC BLOWING AGENT MARKET SIZE, BY FOAM, 2024–2029 (KILOTON)

TABLE 32 HC BLOWING AGENT MARKET SIZE, BY FOAM, 2020–2023 (USD MILLION)

TABLE 33 HC BLOWING AGENT MARKET SIZE, BY FOAM, 2024–2029 (USD MILLION)

9.5 OTHER BLOWING AGENTS MARKET, BY FOAM

FIGURE 36 PU FOAM TO BE LARGEST APPLICATION OF OTHER BLOWING AGENTS

TABLE 34 OTHER BLOWING AGENTS MARKET SIZE, BY FOAM, 2020–2023 (KILOTON)

TABLE 35 OTHER BLOWING AGENTS MARKET SIZE, BY FOAM, 2024–2029 (KILOTON)

TABLE 36 OTHER BLOWING AGENTS MARKET SIZE, BY FOAM, 2020–2023 (USD MILLION)

TABLE 37 OTHER BLOWING AGENTS MARKET SIZE, BY FOAM, 2024–2029 (USD MILLION)

10 BLOWING AGENT MARKET, BY TYPE (Page No. - 106)

10.1 INTRODUCTION

FIGURE 37 HFC TO BE LARGEST SEGMENT IN OVERALL BLOWING AGENT MARKET

TABLE 38 BLOWING AGENT MARKET SIZE, BY TYPE, 2020–2023 (KILOTON)

TABLE 39 BLOWING AGENT MARKET SIZE, BY TYPE, 2024–2029 (KILOTON)

TABLE 40 BLOWING AGENT MARKET SIZE, BY TYPE, 2020–2023 (USD MILLION)

TABLE 41 BLOWING AGENT MARKET SIZE, BY TYPE, 2024–2029 (USD MILLION)

10.2 HYDROCHLOROFLUOROCARBONS (HCFCS)

10.2.1 DEVELOPED COUNTRIES IN EUROPE AND NORTH AMERICA PHASING OUT USE OF HCFCS

10.2.2 HCFC-141B

10.2.3 HCFC-142B

10.2.4 HCFC-22

10.3 HYDROFLUOROCARBONS (HFCS)

10.3.1 STRONG DEMAND FOR HFC BLOWING AGENT IN XPS FOAM APPLICATION

10.3.2 HFC-245FA

10.3.3 HFC-134A

10.3.4 HFC-365MFC/227EA

10.3.5 HFC-152A

10.4 HYDROCARBONS (HCS)

10.4.1 DEMAND FOR HC BLOWING AGENT INCREASING AS REPLACEMENT FOR HFCS OWING TO ITS LOW GWP AND ODP

10.4.2 N-PENTANE

10.4.3 CYCLOPENTANE

10.4.4 ISOPENTANE

10.4.5 ISOBUTANE

10.4.6 N-BUTANE

10.4.7 OTHER HCS

10.5 OTHER TYPES

10.5.1 HYDROFLUOROOLEFIN (HFOS)

10.5.2 INERT GASES

10.5.3 METHYL FORMATE

10.6 COMPARISON OF BLOWING AGENTS

TABLE 42 COMPARISON OF BLOWING AGENTS, BY PROPERTIES

11 BLOWING AGENT MARKET, BY REGION (Page No. - 120)

11.1 INTRODUCTION

FIGURE 38 CHINA TO LEAD BLOWING AGENT MARKET DURING FORECAST PERIOD

TABLE 43 BLOWING AGENT MARKET, BY REGION, 2020–2023 (KILOTON)

TABLE 44 BLOWING AGENTS MARKET, BY REGION, 2024–2029 (KILOTON)

TABLE 45 BLOWING AGENT MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 46 BLOWING AGENTS MARKET, BY REGION, 2024–2029 (USD MILLION)

11.2 NORTH AMERICA

11.2.1 RECESSION IMPACT

FIGURE 39 NORTH AMERICA: BLOWING AGENT MARKET SNAPSHOT

TABLE 47 NORTH AMERICA: BLOWING AGENT MARKET, BY COUNTRY, 2020–2023 (KILOTON)

TABLE 48 NORTH AMERICA: BLOWING AGENTS MARKET, BY COUNTRY, 2024–2029 (KILOTON)

TABLE 49 NORTH AMERICA: BLOWING AGENT MARKET, BY COUNTRY, 2020–2023 (USD MILLION)

TABLE 50 NORTH AMERICA: BLOWING AGENTS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)

TABLE 51 NORTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 52 NORTH AMERICA: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 53 NORTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 54 NORTH AMERICA: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.2.2 US

11.2.2.1 Strong demand from packaging and automotive sectors to drive market

TABLE 55 US: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 56 US: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 57 US: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 58 US: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.2.3 CANADA

11.2.3.1 Presence of strong construction sector to drive demand

TABLE 59 CANADA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 60 CANADA: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 61 CANADA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 62 CANADA: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.2.4 MEXICO

11.2.4.1 Requirement for improved packaging solutions to drive blowing agent market

TABLE 63 MEXICO: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 64 MEXICO: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 65 MEXICO: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 66 MEXICO: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.3 EUROPE

11.3.1 RECESSION IMPACT

FIGURE 40 EUROPE: BLOWING AGENT MARKET SNAPSHOT

TABLE 67 EUROPE: BLOWING AGENTS MARKET, BY COUNTRY, 2020–2023 (KILOTON)

TABLE 68 EUROPE: BLOWING AGENT MARKET, BY COUNTRY, 2024–2029 (KILOTON)

TABLE 69 EUROPE: BLOWING AGENTS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)

TABLE 70 EUROPE: BLOWING AGENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION)

TABLE 71 EUROPE: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 72 EUROPE: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 73 EUROPE: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 74 EUROPE: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.3.2 GERMANY

11.3.2.1 Presence of strong automotive industry to drive demand for blowing agent

TABLE 75 GERMANY: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 76 GERMANY: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 77 GERMANY: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 78 GERMANY: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.3.3 UK

11.3.3.1 Government initiatives supporting automotive sector to fuel market growth

TABLE 79 UK: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 80 UK: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 81 UK: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 82 UK: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.3.4 FRANCE

11.3.4.1 Presence of strong construction industry to fuel market

TABLE 83 FRANCE: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 84 FRANCE: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 85 FRANCE: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 86 FRANCE: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.3.5 RUSSIA

11.3.5.1 Slowed growth of building & construction sector due to Russia-Ukraine conflict to impact market

TABLE 87 RUSSIA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 88 RUSSIA: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 89 RUSSIA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 90 RUSSIA: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.3.6 ITALY

11.3.6.1 Automotive industry to be major consumer of blowing agent in Italy

TABLE 91 ITALY: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 92 ITALY: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 93 ITALY: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 94 ITALY: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.3.7 SPAIN

11.3.7.1 Growing packaging and automotive industries to drive blowing agent market

TABLE 95 SPAIN: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 96 SPAIN: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 97 SPAIN: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 98 SPAIN: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.3.8 TURKEY

11.3.8.1 HC blowing agent to witness highest growth in Turkey

TABLE 99 TURKEY: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 100 TURKEY: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 101 TURKEY: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 102 TURKEY: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.3.9 REST OF EUROPE

TABLE 103 REST OF EUROPE: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 104 REST OF EUROPE: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 105 REST OF EUROPE: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 106 REST OF EUROPE: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.4 ASIA PACIFIC

11.4.1 RECESSION IMPACT

FIGURE 41 ASIA PACIFIC: BLOWING AGENT MARKET SNAPSHOT

TABLE 107 AISA PACIFIC: BLOWING AGENTS MARKET, BY COUNTRY, 2020–2023 (KILOTON)

TABLE 108 AISA PACIFIC: BLOWING AGENT MARKET, BY COUNTRY, 2024–2029 (KILOTON)

TABLE 109 AISA PACIFIC: BLOWING AGENTS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)

TABLE 110 AISA PACIFIC: BLOWING AGENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION)

TABLE 111 AISA PACIFIC: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 112 AISA PACIFIC: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 113 AISA PACIFIC: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 114 AISA PACIFIC: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.4.2 CHINA

11.4.2.1 Stringent regulatory frameworks and open economy policy to support market growth

TABLE 115 CHINA: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 116 CHINA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 117 CHINA: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 118 CHINA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.4.3 JAPAN

11.4.3.1 Presence of large automotive industry to drive demand

TABLE 119 JAPAN: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 120 JAPAN: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 121 JAPAN: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 122 JAPAN: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.4.4 INDIA

11.4.4.1 Smart cities' mission and affordable housing initiatives by government to boost market growth

TABLE 123 INDIA: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 124 INDIA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 125 INDIA: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 126 INDIA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.4.5 SOUTH KOREA

11.4.5.1 Government policies to boost market growth

TABLE 127 SOUTH KOREA: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 128 SOUTH KOREA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 129 SOUTH KOREA: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 130 SOUTH KOREA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.4.6 INDONESIA

11.4.6.1 Increased consumption and FDIs to boost market growth

TABLE 131 INDONESIA: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 132 INDONESIA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 133 INDONESIA: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 134 INDONESIA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.4.7 THAILAND

11.4.7.1 HC segment to dominate overall market in Thailand

TABLE 135 THAILAND: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 136 THAILAND: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 137 THAILAND: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 138 THAILAND: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.4.8 AUSTRALIA

11.4.8.1 Growing trend toward interactive packaging to propel demand

TABLE 139 AUSTRALIA: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 140 AUSTRALIA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 141 AUSTRALIA: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 142 AUSTRALIA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.4.9 REST OF ASIA PACIFIC

TABLE 143 REST OF AISA PACIFIC: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 144 REST OF AISA PACIFIC: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 145 REST OF AISA PACIFIC: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 146 REST OF AISA PACIFIC: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.5 MIDDLE EAST & AFRICA

11.5.1 RECESSION IMPACT

TABLE 147 MIDDLE EAST & AFRICA: BLOWING AGENTS MARKET, BY COUNTRY, 2020–2023 (KILOTON)

TABLE 148 MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY COUNTRY, 2024–2029 (KILOTON)

TABLE 149 MIDDLE EAST & AFRICA: BLOWING AGENTS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)

TABLE 150 MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION)

TABLE 151 MIDDLE EAST & AFRICA: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 152 MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 153 MIDDLE EAST & AFRICA: BLOWING AGENTS MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 154 MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.5.2 GCC COUNTRIES

11.5.2.1 Saudi Arabia

11.5.2.1.1 Government initiatives to drive demand for blowing agents

TABLE 155 SAUDI ARABIA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 156 SAUDI ARABIA: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 157 SAUDI ARABIA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 158 SAUDI ARABIA: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.5.2.2 UAE

11.5.2.2.1 Business-friendly policies and investment initiatives to drive market

TABLE 159 UAE: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 160 UAE: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 161 UAE: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 162 UAE: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.5.2.3 Rest of GCC Countries

11.5.2.3.1 Strong growth of end-use industries to drive demand

TABLE 163 REST OF GCC: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 164 REST OF GCC: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 165 REST OF GCC: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 166 REST OF GCC: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.5.3 REST OF MIDDLE EAST & AFRICA

TABLE 167 REST OF MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 168 REST OF MIDDLE EAST & AFRICA: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 169 REST OF MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 170 REST OF MIDDLE EAST & AFRICA: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.6 SOUTH AMERICA

11.6.1 RECESSION IMPACT

TABLE 171 SOUTH AMERICA: BLOWING AGENT MARKET, BY COUNTRY, 2020–2023 (KILOTON)

TABLE 172 SOUTH AMERICA: BLOWING AGENTS MARKET, BY COUNTRY, 2024–2029 (KILOTON)

TABLE 173 SOUTH AMERICA: BLOWING AGENT MARKET, BY COUNTRY, 2020–2023 (USD MILLION)

TABLE 174 SOUTH AMERICA: BLOWING AGENTS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)

TABLE 175 SOUTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 176 SOUTH AMERICA: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 177 SOUTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 178 SOUTH AMERICA: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.6.2 BRAZIL

11.6.2.1 Huge demand from growing automotive sector to drive market

TABLE 179 BRAZIL: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 180 BRAZIL: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 181 BRAZIL: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 182 BRAZIL: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.6.3 ARGENTINA

11.6.3.1 Government’s strategic development plan to boost packaging industry

TABLE 183 ARGENTINA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 184 ARGENTINA: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 185 ARGENTINA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 186 ARGENTINA: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

11.6.4 REST OF SOUTH AMERICA

TABLE 187 REST OF SOUTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)

TABLE 188 REST OF SOUTH AMERICA: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (KILOTON)

TABLE 189 REST OF SOUTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)

TABLE 190 REST OF SOUTH AMERICA: BLOWING AGENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 192)

12.1 OVERVIEW

12.2 KEY PLAYER STRATEGIES

FIGURE 42 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN BLOWING AGENT MARKET BETWEEN 2019 AND 2023

12.3 REVENUE ANALYSIS

FIGURE 43 REVENUE ANALYSIS OF KEY COMPANIES, 2020–2022

TABLE 191 THREE-YEAR REVENUE ANALYSIS OF KEY COMPANIES IN BLOWING AGENT MARKET

12.4 MARKET SHARE ANALYSIS

FIGURE 44 SHARES OF LEADING COMPANIES IN BLOWING AGENT MARKET, 2023

TABLE 192 BLOWING AGENT MARKET: DEGREE OF COMPETITION

12.5 COMPANY VALUATION AND FINANCIAL METRICS

FIGURE 45 COMPANY VALUATION OF LEADING COMPANIES IN BLOWING AGENT MARKET, 2023

FIGURE 46 FINANCIAL METRICS OF LEADING COMPANIES IN BLOWING AGENT MARKET, 2023

12.6 BRAND/PRODUCT COMPARISON

FIGURE 47 BLOWING AGENT MARKET: BRAND/PRODUCT COMPARISON

12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023

12.7.1 STARS

12.7.2 EMERGING LEADERS

12.7.3 PERVASIVE PLAYERS

12.7.4 PARTICIPANTS

FIGURE 48 BLOWING AGENT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023

12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023

12.7.5.1 Company product footprint, by type

TABLE 193 BLOWING AGENT MARKET: TYPE FOOTPRINT

12.7.5.2 Company product footprint, by foam type

TABLE 194 BLOWING AGENT MARKET: FOAM TYPE FOOTPRINT

12.7.5.3 Company region footprint

TABLE 195 BLOWING AGENT MARKET: REGION FOOTPRINT

TABLE 196 COMPANY OVERALL FOOTPRINT

12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023

12.8.1 PROGRESSIVE COMPANIES

12.8.2 RESPONSIVE COMPANIES

12.8.3 DYNAMIC COMPANIES

12.8.4 STARTING BLOCKS

FIGURE 49 BLOWING AGENT MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023

12.8.5 COMPETITIVE BENCHMARKING

TABLE 197 BLOWING AGENT MARKET: DETAILED LIST OF KEY STARTUPS/SMES

TABLE 198 BLOWING AGENT MARKET: COMPETITIVE BENCHMARKING OF START-UPS/SMES

12.9 COMPETITIVE SCENARIO & TRENDS

12.9.1 PRODUCT LAUNCHES

TABLE 199 BLOWING AGENT MARKET: PRODUCT LAUNCHES, JANUARY 2019–DECEMBER 2023

12.9.2 DEALS

TABLE 200 BLOWING AGENT MARKET: DEALS, JANUARY 2019–DECEMBER 2023

12.9.3 EXPANSIONS

TABLE 201 BLOWING AGENT MARKET: EXPANSIONS, JANUARY 2019–DECEMBER 2023

13 COMPANY PROFILES (Page No. - 216)

(Business overview, Products/Solutions/Services offered, Recent Developments, Deals, Expansions, MnM view, Key strengths, Strategic choices, Weaknesses and competitive threats) *

13.1 MAJOR COMPANIES

13.1.1 HONEYWELL INTERNATIONAL INC.

TABLE 202 HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW

FIGURE 50 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT

TABLE 203 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED

TABLE 204 HONEYWELL INTERNATIONAL INC.: DEALS, JANUARY 2019–DECEMBER 2023

TABLE 205 HONEYWELL INTERNATIONAL INC.: EXPANSIONS, JANUARY 2019–DECEMBER 2023

13.1.2 SOLVAY

TABLE 206 SOLVAY SA: BUSINESS OVERVIEW

FIGURE 51 SOLVAY: COMPANY SNAPSHOT

TABLE 207 SOLVAY: PRODUCTS/SERVICES/SOLUTIONS OFFERED

TABLE 208 SOLVAY: DEALS, JANUARY 2019–DECEMBER 2023

TABLE 209 SOLVAY: EXPANSIONS, JANUARY 2019–DECEMBER 2023

13.1.3 ARKEMA

TABLE 210 ARKEMA: BUSINESS OVERVIEW

FIGURE 52 ARKEMA: COMPANY SNAPSHOT

TABLE 211 ARKEMA: PRODUCTS/SERVICES/SOLUTIONS OFFERED

TABLE 212 ARKEMA: DEALS, JANUARY 2019–DECEMBER 2023

13.1.4 EXXON MOBIL CORPORATION

TABLE 213 EXXON MOBIL CORPORATION: BUSINESS OVERVIEW

FIGURE 53 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT

TABLE 214 EXXON MOBIL CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED

TABLE 215 EXXON MOBIL CORPORATION: EXPANSIONS, JANUARY 2019–DECEMBER 2023

13.1.5 LINDE PLC

TABLE 216 LINDE PLC: BUSINESS OVERVIEW

FIGURE 54 LINDE PLC: COMPANY SNAPSHOT

TABLE 217 LINDE PLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED

TABLE 218 LINDE PLC: DEALS, JANUARY 2019–DECEMBER 2023

TABLE 219 LINDE PLC: EXPANSIONS, JANUARY 2019–DECEMBER 2023

13.1.6 DAIKIN INDUSTRIES, LTD.

TABLE 220 DAIKIN INDUSTRIES, LTD.: BUSINESS OVERVIEW

FIGURE 55 DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT

TABLE 221 DAIKIN INDUSTRIES, LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED

TABLE 222 DAIKIN INDUSTRIES, LTD.: DEALS, JANUARY 2019–DECEMBER 2023

TABLE 223 DAIKIN INDUSTRIES, LTD.: EXPANSIONS, JANUARY 2019–DECEMBER 2023

13.1.7 THE CHEMOURS COMPANY

TABLE 224 THE CHEMOURS COMPANY: BUSINESS OVERVIEW

FIGURE 56 THE CHEMOURS COMPANY: COMPANY SNAPSHOT

TABLE 225 THE CHEMOURS COMPANY: PRODUCTS/SERVICES/SOLUTIONS OFFERED

TABLE 226 THE CHEMOURS COMPANY: PRODUCT LAUNCHES, JANUARY 2019–DECEMBER 2023

TABLE 227 THE CHEMOURS COMPANY: DEALS, JANUARY 2019–DECEMBER 2023

TABLE 228 THE CHEMOURS COMPANY: EXPANSIONS, JANUARY 2019–DECEMBER 2023

13.1.8 BASF SE

TABLE 229 BASF SE: BUSINESS OVERVIEW

FIGURE 57 BASF SE: COMPANY SNAPSHOT

TABLE 230 BASF SE: PRODUCTS/SERVICES/SOLUTIONS OFFERED

TABLE 231 BASF SE: DEALS, JANUARY 2019–DECEMBER 2023

TABLE 232 BASF SE: EXPANSIONS, JANUARY 2019–DECEMBER 2023

13.1.9 HCS GROUP GMBH

TABLE 233 HCS GROUP GMBH: BUSINESS OVERVIEW

TABLE 234 HCS GROUP GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED

TABLE 235 HCS GROUP GMBH: PRODUCT LAUNCHES, JANUARY 2019–DECEMBER 2023

TABLE 236 HCS GROUP: EXPANSIONS, JANUARY 2019–DECEMBER 2023

13.1.10 FSI

TABLE 237 FSI: BUSINESS OVERVIEW

TABLE 238 FSI: PRODUCTS/SERVICES/SOLUTIONS OFFERED

13.1.11 HARP INTERNATIONAL LTD.

TABLE 239 HARP INTERNATIONAL LTD.: BUSINESS OVERVIEW

TABLE 240 HARP INTERNATIONAL LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED

*Details on Business overview, Products/Solutions/Services offered, Recent Developments, Deals, Expansions, MnM view, Key strengths, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.

13.2 OTHER PLAYERS

13.2.1 INEOS

TABLE 241 INEOS: COMPANY OVERVIEW

13.2.2 NOURYON

TABLE 242 NOURYON: COMPANY OVERVIEW

13.2.3 CHANGSHU 3F ZHONGHAO NEW CHEMICAL MATERIALS CO., LTD.

TABLE 243 CHANGSHU 3F ZHONGHAO NEW CHEMICAL MATERIALS CO., LTD.: COMPANY OVERVIEW

13.2.4 LAMBIOTTE & CIE

TABLE 244 LAMBIOTTE & CIE: COMPANY OVERVIEW

13.2.5 SCHARR CPC

TABLE 245 SCHARR CPC: COMPANY OVERVIEW

13.2.6 SINOCHEM HOLDINGS CORPORATION LTD.

TABLE 246 SINOCHEM HOLDINGS CORPORATION LTD.: COMPANY OVERVIEW

13.2.7 LANXESS

TABLE 247 LANXESS: COMPANY OVERVIEW

13.2.8 JAHARVIR POLYMERS PRIVATE LIMITED

TABLE 248 JAHAVIR POLYMERS PRIVATE LIMITED: COMPANY OVERVIEW

13.2.9 HENAN JINHE INDUSTRY CO., LTD.

TABLE 249 HENAN JINHE INDUSTRY CO., LTD.: COMPANY OVERVIEW

13.2.10 EVONIK INDUSTRIES AG

TABLE 250 EVONIK INDUSTRIES AG: COMPANY OVERVIEW

13.2.11 HUNTSMAN INTERNATIONAL LLC

TABLE 251 HUNTSMAN INTERNATIONAL LLC: COMPANY OVERVIEW

13.2.12 HPLA GROUP

TABLE 252 HPLA GROUP: COMPANY OVERVIEW

13.2.13 CHEMICO (INDIA)

TABLE 253 CHEMICO (INDIA): COMPANY OVERVIEW

13.2.14 SPL GROUP

TABLE 254 SPL GROUP: COMPANY OVERVIEW

13.2.15 AJANTA GROUP

TABLE 255 AJANTA GROUP: COMPANY OVERVIEW

13.2.16 A-GAS INTERNATIONAL LIMITED

TABLE 256 A-GAS INTERNATIONAL LIMITED: COMPANY OVERVIEW

14 APPENDIX (Page No. - 269)

14.1 DISCUSSION GUIDE

14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL

14.3 CUSTOMIZATION OPTIONS

14.4 RELATED REPORTS

14.5 AUTHOR DETAILS

The study involved four major activities in estimating the market size of the blowing agents market. Exhaustive secondary research was done to collect information on the market, the peer market, and the grandparent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, articles from recognized authors, gold standard and silver standard websites, and databases. Secondary research has been used to obtain key information about the value chain of the industry, monetary chain of the market, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The blowing agents market comprises several stakeholders in the value chain, which include manufacturers, and end users. Various primary sources from the supply and demand sides of the blowing agents market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in hygiene sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the blowing agents industry. Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to type, foam, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of blowing agents and outlook of their business, which will affect the overall market.

The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Blowing Agent Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.

Other designations include consultants and sales, marketing, and procurement managers.

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Market Size Estimation

The top-down and bottom-up approaches have been used to estimate and validate the size of the blowing agents market.

The key players in the industry have been identified through extensive secondary research.
The supply chain of the industry has been determined through primary and secondary research.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.

Top - Down Approach-

Blowing Agent Market Size, and Share

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Bottom - Up Approach-

Blowing Agent Market Size, and Share

Data Triangulation

After arriving at the total market size from the estimation process, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.

Market Definition

Blowing agents are substances used in the manufacturing process of foam materials to create bubbles or cells within the material. These bubbles or cells contribute to the lightweight and insulating properties of foam materials. Blowing agents can be introduced into the foam material in various forms, such as gases, liquids, or chemical compounds, depending on the specific manufacturing process and desired properties of the foam. The choice of blowing agent depends on factors such as the type of foam material being produced, desired foam density, thermal insulation properties, environmental considerations, and regulatory requirements. Common types of blowing agents include hydrocarbons, hydrofluorocarbons (HFCs), hydrochlorofluorocarbons (HCFCs), carbon dioxide (CO2), water, and various chemical compounds.

Key Stakeholders

Senior Management
End User
Finance/Procurement Department
R&D Department
Manufacturers
Raw Material Suppliers

Report Objectives

To define, describe, and forecast the size of the blowing agents market, in terms of value and volume.
To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
To estimate and forecast the market size based on type, foam, and region.
To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, Middle East & Africa, and South America, along with their key countries
To strategically analyze micro-markets with respect to individual growth trends, prospects, and their contribution to the overall market
To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders.
To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market.
To strategically profile key market players and comprehensively analyze their core competencies.

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

Further breakdown of a region with respect to a particular country or additional application

Tariff & Regulations

Regulations and Impact on Blowing Agents Market

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.