Loading...
Cart
0

Foam Blowing Agents Market Expected to Reach $963 Million, Globally, by 2022

 
 

quote Eco-friendly CO2 technology can be opted as an alternative to F-gases in the production of insulating building material such as extruded polystyrene (XPS) synthetic rigid foams. quote

Eswara Prasad
Team Lead, Chemicals & Materials at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

Foam Blowing Agents Market Report, published by Allied Market Research, forecast that the global market is expected to reach $963 million by 2022 from $684 million in 2015 with a CAGR of 5.21% from 2016 to 2022. In 2015, polyurethane accounted for approximately half of the total share in terms of volume.

Access Full Summary at :
https://www.alliedmarketresearch.com/foam-blowing-agents-market

Increase in demand for polyurethane foams,better insulating performance of foams, and technological advancements are the major factors fueling the growth of the global foam blowing agents market. The rise in construction has propelled the demand for polyurethane foams with usage in insulating rooftops and buildings. In addition, the demand for high-efficiency polymeric foams in the construction sector is expected to augment the demand for foam blowing agents. The demand for polystyrene is expected to grow significantly, owing to applications in packaging and electronics. The Asia-Pacific region is projected to remain the dominant region in the world, followed by North America and Europe.

Strict environmental regulations against the use of harmful F-based foaming agents have escalated the demand for cost-effective, energy efficient, and eco-friendly foaming agents. In 2015, hydrocarbons witnessed the maximum demand in the market, owing to their applications in refrigeration, wall sheathing, and roofing followed by hydrofluorocarbons.

Foam Blowing Agents Market Key Findings:

  • In 2015, hydrocarbons occupied approximately two-fifths of the total share in terms of revenue.
  • The hydrocarbons segment in the foam blowing agent market is expected to achieve a CAGR of 5.37% in terms of revenue from 2016-2022.
  • The hydrofluorocarbons segment in the foam blowing agent market is expected to achieve a CAGR of 6.24% in terms of volume from 2016-2022.
  • The Asia-Pacific region is projected to be the fastest growing region for the polyurethane segment in the foam blowing agent market.
  • North America accounted for approximately one-fourth share by revenue in 2015.

Investment by multinational companies and low developmental costs in China and India has fostered the market growth of foam blowing agents. In addition, China has the largest market for foam blowing agents in the Asia-Pacific region, followed by India due to the increase in demand for polyurethane foams in the construction and automotive industries.

Prominent market players in this market include Arkema S.A. (France), Honeywell International Inc. (U.S.), Exxon Mobil Corporation (U.S.), E.I. du Pont de Nemours & Company (U.S.), Haltermann GmbH(Germany), Harp International Ltd. (UK), Daikin Industries, Ltd. (Japan), Sinochem Group (China), Solvay S.A. (Germany, and ZEON Corporation.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Shaun Godinho
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Foam Blowing Agents Market by Type (Hydrocarbons, Hydrofluorocarbons, Hydrochlorofluorocarbons and Others (Hydrofluoroolefins, Methyl Formate, Liquid CO2 and Water) and by Application (Polyurethane, Polystyrene, Polyolefins, and Others (Phenolic Foams and Polyvinyl Chloride) - Global Opportunity Analysis and Industry Forecast, 2014-2022 quote

View Report
 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Foam Blowing Agents Market"
Purchase Enquiry