Product Code: KSI061617323
The physical blowing agents market is forecasted to attain US$2,633.945 million in 2030, growing at a CAGR of 4.95% from US$2,068.205 million in 2025.
A blowing agent is a substance that can produce cellular structures, such as foams. Physical blowing agents do not undergo chemical reactions during the foaming process. Instead, they utilize physical properties like expansion and vaporization to create foams. The physical blowing agents offer multiple benefits over the chemical substance, such as reduced material density and enhanced thermal and acoustic insulating capabilities. They also provide sustainable and eco-friendly alternatives for chemical blowing agents across multiple industries, like construction, automotives, aerospace, and packaging.
Market Trends:
- Rising Global Investment in Construction: A significant driver of the global physical blowing agents market is the growing investment in the construction sector worldwide. Physical blowing agents are increasingly favored in this sector for their ability to enhance insulation and energy efficiency. Additionally, they serve as a sustainable and eco-friendly alternative to chemical blowing agents. Global construction investment has seen substantial growth in recent years. For instance, Statistics Canada reported a 1.9% increase in construction investment, equivalent to a rise of US$408.1 million, in December 2024.
- Innovation and Customized Formulations: Market growth is further shaped by ongoing innovation and the development of tailored formulations in physical blowing agents. The global market is witnessing a surge in new types of physical blowing agents made from eco-friendly and more efficient materials. These advancements offer improved insulation properties while minimizing environmental impact.
- North America's Market Expansion: The North American region is expected to experience significant growth in the physical blowing agents market during the forecast period. Key factors driving this growth include increased production in the automotive and aerospace industries. Additionally, the rising demand for sustainable and eco-friendly blowing agents in sectors such as construction, packaging, and refrigeration is contributing to the market's expansion.
Some of the major players covered in this report include Honeywell International Inc., Lehmann & Voss&Co., Nouryon, Arkema, Harp International Ltd., HCS Group GmbH, Solvay, The Chemours Company, Sinochem Group Co. Ltd, and Linde Group, among others.
Key Benefits of this Report:
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
- Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
- Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
- Historical data from 2022 to 2024 & forecast data from 2025 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
Physical Blowing Agents Market is analyzed into the following segments:
By Type
- Hydrocarbons
- Pentane
- Butane
- Cyclopentane
- Gases
- Carbon Dioxide (CO2)
- Nitrogen (N2)
- Fluorocarbons
- Hydrofluorocarbons (HFCs)
- Perfluorocarbons (PFCs)
- Others
By Foam Type
- Polyurethane Foams
- Polystyrene Foams
- Polyolefin Foams
- Phenolic Foams
- Others
By Application
- Building and Construction
- Automotive
- Furniture
- Packaging
- Footwear
- Others
By Region
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
- Middle East & Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Others
TABLE OF CONTENTS
1. EXECUTIVE SUMMARY
2. MARKET SNAPSHOT
- 2.1. Market Overview
- 2.2. Market Definition
- 2.3. Scope of the Study
- 2.4. Market Segmentation
3. BUSINESS LANDSCAPE
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Porter's Five Forces Analysis
- 3.5. Industry Value Chain Analysis
- 3.6. Policies and Regulations
- 3.7. Strategic Recommendations
4. TECHNOLOGICAL OUTLOOK
5. PHYSICAL BLOWING AGENTS MARKET BY TYPE
- 5.1. Introduction
- 5.2. Hydrocarbons
- 5.2.1. Pentane
- 5.2.2. Butane
- 5.2.3. Cyclopentane
- 5.3. Gases
- 5.3.1. Carbon Dioxide (CO2)
- 5.3.2. Nitrogen (N2)
- 5.4. Fluorocarbons
- 5.4.1. Hydrofluorocarbons (HFCs)
- 5.4.2. Perfluorocarbons (PFCs)
- 5.5. Others
6. PHYSICAL BLOWING AGENTS MARKET BY FOAM TYPE
- 6.1. Introduction
- 6.2. Polyurethane Foams
- 6.3. Polystyrene Foams
- 6.4. Polyolefin Foams
- 6.5. Phenolic Foams
- 6.6. Others
7. PHYSICAL BLOWING AGENTS MARKET BY APPLICATION
- 7.1. Introduction
- 7.2. Building and Construction
- 7.3. Automotive
- 7.4. Furniture
- 7.5. Packaging
- 7.6. Footwear
- 7.7. Others
8. PHYSICAL BLOWING AGENTS MARKET BY GEOGRAPHY
- 8.1. Introduction
- 8.2. North America
- 8.2.1. By Type
- 8.2.2. By Foam Type
- 8.2.3. By Application
- 8.2.4. By Country
- 8.2.4.1. USA
- 8.2.4.2. Canada
- 8.2.4.3. Mexico
- 8.3. South America
- 8.3.1. By Type
- 8.3.2. By Foam Type
- 8.3.3. By Application
- 8.3.4. By Country
- 8.3.4.1. Brazil
- 8.3.4.2. Argentina
- 8.3.4.3. Others
- 8.4. Europe
- 8.4.1. By Type
- 8.4.2. By Foam Type
- 8.4.3. By Application
- 8.4.4. By Country
- 8.4.4.1. United Kingdom
- 8.4.4.2. Germany
- 8.4.4.3. France
- 8.4.4.4. Italy
- 8.4.4.5. Spain
- 8.4.4.6. Others
- 8.5. Middle East and Africa
- 8.5.1. By Type
- 8.5.2. By Foam Type
- 8.5.3. By Application
- 8.5.4. By Country
- 8.5.4.1. Saudi Arabia
- 8.5.4.2. UAE
- 8.5.4.3. Others
- 8.6. Asia Pacific
- 8.6.1. By Type
- 8.6.2. By Foam Type
- 8.6.3. By Application
- 8.6.4. By Country
- 8.6.4.1. China
- 8.6.4.2. India
- 8.6.4.3. Japan
- 8.6.4.4. South Korea
- 8.6.4.5. Taiwan
- 8.6.4.6. Thailand
- 8.6.4.7. Indonesia
- 8.6.4.8. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
- 9.1. Major Players and Strategy Analysis
- 9.2. Market Share Analysis
- 9.3. Mergers, Acquisitions, Agreements, and Collaborations
- 9.4. Competitive Dashboard
10. COMPANY PROFILES
- 10.1. Honeywell International Inc.
- 10.2. Lehmann&Voss&Co.
- 10.3. Nouryon
- 10.4. Arkema
- 10.5. Harp International Ltd
- 10.6. HCS Group GmbH
- 10.7. Solvay
- 10.8. The Chemours Company
- 10.9. Sinochem Group Co. Ltd
- 10.10. Linde Group
11. APPENDIX
- 11.1. Currency
- 11.2. Assumptions
- 11.3. Base and Forecast Years Timeline
- 11.4. Key benefits for the stakeholders
- 11.5. Research Methodology
- 11.6. Abbreviations