Product Code: PM4964
The global blowing agent market size is expected to reach USD 2.29 billion by 2032, according to a new study by Polaris Market Research. The report "Blowing Agent Market Share, Size, Trends, Industry Analysis Report, By Product (Hydrochlorofluorocarbons (HCFC), Hydrofluorocarbons (HFC), Hydrofluoroolefin (HFO), Hydrocarbons (HC), Others); By Foam; By Application; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global blowing agents' market is growing due to rising need for efficient thermal insulation properties and adhesive characteristics. They are widely used in the construction, driven by economic development and population growth. For instance, BASF, expanded production of key blowing agent components like poly-ether-amines, surged the rising demand in construction and other industries. Furthermore, technological advancements and the growing need for fuel efficient vehicles have upsurged in the global automotive production.
Moreover, there is introduction of blowing agents with better performance features like increased thermal conductivity, enhanced fire resistance, and increased processing efficiency. For instance, in February 2024, Dow, launched a technology employing CO2 as a blowing agent in polyurethane foams offering a best option for environmentally friendly insulation solutions.
Recently, there has been a significant surge in demand for environmentally sustainable blowing agents, a trend expected to project in the future. Environmental awareness and government regulations have enforced the usage of eco-friendly blowing agents. As a result, regarding climate change, consumers focus has shifted towards environmentally sustainable blowing agents, thereby opening up new opportunities for market players. For instance, in May 2023, Kumyang Europe launched Cellcom KY ECO, a blowing agent with absence of hazardous gases and characterized by complete decomposition into harmless nitrogen.
The blowing agent market industry offers abundant opportunities for small scale manufacturers and startups to innovate cost-effective solutions for product manufacturing. Furthermore, with a broad spectrum of applications each having unique requirements, the blowing agent market accommodates diverse demands. Large organizations overlook niche markets agile startups concentrate on crafting blowing agents customized for these specialized applications. This approach could potentially deliver more economical solutions to meet specific needs.
Blowing Agent Market Report Highlights
Hydrofluoroolefin (HFO) segment is anticipated to have highest growth rate, due to increasing research and development activities.
Building & construction segment accounted for the largest market, as they enhance building efficiency with tight insulation, and lower energy consumption.
Polyolefins segment is projected to experience a larger revenue share due to rise of the packaging industry.
Asia Pacific is projected to register the fastest growth during the forecast period, attributable to significant base of end-user industries.
The global players include Honeywell International, Solvay, Arkema, Linde, Daikin Industries, Chemours Company, Haltermann Carless, & Harp International.
Polaris Market Research has segmented the Blowing Agent market report based on type, foam, application, and region:
Blowing Agent, Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Hydrochlorofluorocarbons (HCFC)
- Hydrofluorocarbons (HFC)
- Hydrofluoroolefin (HFO)
- Hydrocarbons (HC)
- Others
Blowing Agent, Foam Outlook (Revenue - USD Billion, 2019 - 2032)
- Polystyrene Foam
- Polyolefin Foam
- Polyurethane Foam
- Phenolic Foam
Blowing Agent, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Bedding and Furniture
- Building and Construction
- Appliances
- Automotive
- Packaging
- Others
Blowing Agent, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of APAC
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of Middle East & Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Blowing Agent Market Insights
- 4.1. Blowing Agent Market - Foam Snapshot
- 4.2. Blowing Agent Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rapid Increase in Aircraft Production
- 4.2.1.2. Rising Demand for Luxury Cars and Mid-Segment Cars
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Stringent Environmental Regulations
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Blowing Agent Market Foam Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Blowing Agent Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 5.3. Hydrochlorofluorocarbons (HCFC)
- 5.3.1. Global Blowing Agent Market, by Hydrochlorofluorocarbons (HCFC), by Region, 2019-2032 (USD Billion)
- 5.4. Hydrofluorocarbons (HFC)
- 5.4.1. Global Blowing Agent Market, by Hydrofluorocarbons (HFC), by Region, 2019-2032 (USD Billion)
- 5.5. Hydrofluoroolefin (HFO)
- 5.5.1. Global Blowing Agent Market, by Hydrofluoroolefin (HFO), by Region, 2019-2032 (USD Billion)
- 5.6. Hydrocarbons (HC)
- 5.6.1. Global Blowing Agent Market, by Hydrocarbons (HC), by Region, 2019-2032 (USD Billion)
- 5.7. Others
- 5.7.1. Global Blowing Agent Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Blowing Agent Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 6.3. Bedding and Furniture
- 6.3.1. Global Blowing Agent Market, by Bedding and Furniture, by Region, 2019-2032 (USD Billion)
- 6.4. Building and Construction
- 6.4.1. Global Blowing Agent Market, by Building and Construction, by Region, 2019-2032 (USD Billion)
- 6.5. Appliances
- 6.5.1. Global Blowing Agent Market, by Appliances, by Region, 2019-2032 (USD Billion)
- 6.6. Automotive
- 6.6.1. Global Blowing Agent Market, by Automotive, by Region, 2019-2032 (USD Billion)
- 6.7. Packaging
- 6.7.1. Global Blowing Agent Market, by Packaging, by Region, 2019-2032 (USD Billion)
- 6.8. Others
- 6.8.1. Global Blowing Agent Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Blowing Agent Market, by Foam
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 7.3. Polystyrene Foam
- 7.3.1. Global Blowing Agent Market, by Polystyrene Foam, By Region, 2019-2032 (USD Billion)
- 7.4. Polyolefin Foam
- 7.4.1. Global Blowing Agent Market, by Polyolefin Foam, By Region, 2019-2032 (USD Billion)
- 7.5. Polyurethane Foam
- 7.5.1. Global Blowing Agent Market, by Polyurethane Foam, By Region, 2019-2032 (USD Billion)
- 7.6. Phenolic Foam
- 7.6.1. Global Blowing Agent Market, by Phenolic Foam, By Region, 2019-2032 (USD Billion)
8. Global Blowing Agent Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Blowing Agent Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Blowing Agent Market - North America
- 8.3.1. North America: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.3.2. North America: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.3.3. North America: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.3.4. Blowing Agent Market - U.S.
- 8.3.4.1. U.S.: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.3.5. Blowing Agent Market - Canada
- 8.3.5.1. Canada: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.4. Blowing Agent Market - Europe
- 8.4.1. Europe: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.4.3. Europe: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.4.4. Blowing Agent Market - UK
- 8.4.4.1. UK: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.4.5. Blowing Agent Market - France
- 8.4.5.1. France: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.4.5.3. France: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.4.6. Blowing Agent Market - Germany
- 8.4.6.1. Germany: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.4.7. Blowing Agent Market - Italy
- 8.4.7.1. Italy: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.4.8. Blowing Agent Market - Spain
- 8.4.8.1. Spain: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.4.9. Blowing Agent Market - Netherlands
- 8.4.9.1. Netherlands: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.4.10. Blowing Agent Market - Russia
- 8.4.10.1. Russia: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.5. Blowing Agent Market - Asia Pacific
- 8.5.1. Asia Pacific: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.5.4. Blowing Agent Market - China
- 8.5.4.1. China: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.5.4.3. China: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.5.5. Blowing Agent Market - India
- 8.5.5.1. India: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.5.5.3. India: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.5.6. Blowing Agent Market - Malaysia
- 8.5.6.1. Malaysia: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.5.7. Blowing Agent Market - Japan
- 8.5.7.1. Japan: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.5.8. Blowing Agent Market - Indonesia
- 8.5.8.1. Indonesia: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.5.9. Blowing Agent Market - South Korea
- 8.5.9.1. South Korea: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.6. Blowing Agent Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.6.4. Blowing Agent Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.6.5. Blowing Agent Market - UAE
- 8.6.5.1. UAE: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.6.6. Blowing Agent Market - Israel
- 8.6.6.1. Israel: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.6.7. Blowing Agent Market - South Africa
- 8.6.7.1. South Africa: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.7. Blowing Agent Market - Latin America
- 8.7.1. Latin America: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.7.4. Blowing Agent Market - Mexico
- 8.7.4.1. Mexico: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.7.5. Blowing Agent Market - Brazil
- 8.7.5.1. Brazil: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
- 8.7.6. Blowing Agent Market - Argentina
- 8.7.6.1. Argentina: Blowing Agent Market, by Type, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Blowing Agent Market, by Foam, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Blowing Agent Market, by Application, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Arkema SA (France)
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Daikin Industries, Ltd. (Japan)
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Exxon Mobil Corporation (US)
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Foam Supplies, Inc. (US)
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Haltermann Carless (Germany)
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Harp International Ltd. (UK)
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Honeywell International Inc. (US)
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Linde plc (UK)
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Solvay SA (Belgium)
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. The Chemours Company (US)
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development