Foam Blowing Agents Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Foam Blowing Agents Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : September, 2020 | Chemical & Materials | PPT format

Report Digest


Global Foam Blowing Agents Market: Snapshot

Development in automotive industry is anticipated to expand the global market for foam blowing agents. Foam blowing agents are used for enhancing the properties of polymers. They provide the polymer matrix a cellular structure that strengthens the foam. Polymeric foams have optimum flexibility, low heat transfer, and low density. The various foam blowing agents available in the global market are methylal, inert gases, methyl formate, azodicarbonamide, hydrocarbons, and water.

Foam blowing agents used in the production of various automotive parts such as bumpers, roll pans, wiper cowls, and side skirts. These growing applications in automotive industry and development in construction industry are expected to fuel the growth of this market. Furthermore, the growth of polystyrene, polyurethane, and other product-based foam industries are helping the market to grow. The growing world population is propelling the growth of construction industry. Demand for effective sound furnishing, flooring material, hospitality, and housing are envisioned to bolster the demand for foam blowing agents. Furthermore, the blooming of medical devices and packaging industry is foreseen to expand the market further.

The global market of foam blowing agents can be segment geographically in Asia Pacific, Latin America, the Middle East and Africa, Europe, and North America. It is anticipated that due to development in the construction industry in developing countries such as India and China, Asia Pacific will dominate the global market. However, North America is also expected to show a steady growth in the market. As the major share of the global market of foam blowing agents is held by a few companies, the competitive landscape of the market is moderately consolidated.

Global Foam Blowing Agents Market: Overview

Foam blowing agents are essentially used for enhancing the existing properties of polymers. Their very function is to provide the polymer matrix a cellular structure, which, in turn, strengthens the foam. Polymeric foams are known to have low density, low heat transfer, and optimum flexibility amongst other advantages. The various foam blowing agents available in the global market are water, hydrocarbons, azodicarbonamide, methyl formate, inert gases, and methylal.

Global Foam Blowing Agents Market: Drivers and Trends

The demand for foam blowing agents has been on an upswing due to the growing automotive industry. These agents are extensively used in the production of various automotive parts such as side skirts, wiper cowls, roll pans, and bumpers. The demand for foam blowing agents is anticipated to be on the rise in the coming years due to their growing application in the automotive and construction industries. The growth of the booming polyurethane, polystyrene, and other product-based foam industries are fuelling the growth of the global foam blowing agents market.

The exponential rise in the global population has given the construction industry a significant boost in recent years. Demand for housing, hospitality, flooring material, and effective sound furnishing are expected to boost the demand for foam blowing agents in the near future. The foam blowing agents market is also expected to witness a good growth rate due to the emergence of the packaging and medical devices industry.

Global Foam Blowing Agents Market: Market Potential

Companies in the global foam blowing agents market are focused on developing eco-friendly blowing agents to minimize the impact on the environments. Currently, Lapolla Industries Inc. is working on commercializing Solstice, a liquid blowing agent that has the reputation to prevent ozone depletion and minimize global warming. The product is being developed by Honeywell International Inc., which is known to have fewer hydrofluorocarbons (HFCs). Lapolla and Honeywell are working in collaboration to develop products that bear a social and an environmental responsibility. Such efforts are expected to add value to the global market and work in favor in its favor in the coming years.

Global Foam Blowing Agents Market: Regional Outlook

In terms of geography, the global foam blowing agents market is divided into Asia Pacific, Latin America, the Middle East and Africa, Europe, and North America. The research report states that Asia Pacific foam blowing agents market is projected to lead the pack due to the protean construction industry, which is currently focused on making infrastructural developments.

Presently, emerging countries of South Korea, Thailand, Vietnam, and India are undergoing major changes in terms of infrastructure, which is expected to increase the uptake of foam blowing agents in the regional market. Furthermore, significant technological advancements and phenomenal pace of industrialization in Asia Pacific, which is seen through the rise of industries such as medical devices, packaging, and automotive are expected boost the consumption of foam blowing agents.

North America is also projected to show a steady growth in the global foam blowing agents market due to rising activities in the packaging and pharmaceutical industries. On the other hand, Europe will show a sluggish market growth in the global market.

Key Players Mentioned in the Research Report are:

The competitive landscape in the global foam blowing agents market is quite consolidated with the major share in the market held by a few companies. The research report states that the leading players operating in the global foam blowing agents market are Haltermann GmbH, ZEON Corporation, Sinochem Group, AkzoNobel N.V., Daikin Industries Ltd., Arkema S.A., Honeywell, Solvay S.A., Exxon Mobil Corporation, and DuPont.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?