Foam Blowing Agents Market Growth Outlook Through 2024-2033

Overview and Scope
Foam blowing agents refer to an agent that can create cellular structures in a variety of substances that go through the process of hardening or phase transition, including polymers, plastics, and metals.

Sizing and Forecast
The foam blowing agents market size has grown strongly in recent years. It will grow from $1.57 billion in 2023 to $1.67 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growing demand for polyurethane foam, energy efficiency regulations, expansion of construction industry, consumer demand for lightweight materials, government initiatives for green buildings..

The foam blowing agents market size is expected to see strong growth in the next few years. It will grow to $2.11 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rising demand for energy-efficient products, expansion of cold chain logistics, focus on fire safety in construction, surge in e-commerce packaging, rapid urbanization in developing countries.. Major trends in the forecast period include innovation in blowing agent formulations, closed-cell foam insulation, end-of-life considerations and recycling initiatives, partnerships and collaborations for research and development, technological innovations in foam production..

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Segmentation & Regional Insights
The foam blowing agents market covered in this report is segmented –

1) By Product Type: Hydrocarbons (HCs), Hydrofluoroolefin (HFO), Hydrofluorocarbons (HFCs), Other Product Types
2) By Foam Type: Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polypropylene Foam, Polyethylene Foam, Other Foam Types
3) By Application: Building and Construction, Automotive, Bedding and Furniture, Appliances, Packaging, Other Applications

Asia-Pacific was the largest region in the foam blowing agents market in 2023. The regions covered in the foam blowing agents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The rise in demand for foam blowing agents in consumer appliance is expected to propel the growth of the foam blowing agent market going forward. Foam-blowing agents refer to an agent that can create cellular structures in a variety of substances that go through the process of hardening or phase transition, including polymers, plastics, and metals. Due to their superior shock-absorbing capabilities, foam blowing agents are heavily used in refrigerators and other consumer appliances, including air conditioners, water heaters, and other household appliances. For instance, according to the Energy Information Administration (EIA), a principal agency of the U.S. Federal Statistical System responsible for collecting, analyzing, and disseminating energy information. By 2050, there will be 5.6 billion air conditioners in buildings worldwide, up from 1.6 billion currently. This translates to 10 new air conditioners being sold every second for the following 30 years. Therefore, the growing demand from the consumer appliances industry is driving the growth of the foam blowing agents market.

Key Industry Players

Major companies operating in the foam blowing agents market report are Arkema S.A., Honeywell International Inc., Exxon Mobil Corporation, E.I. Du Pont De Nemours & Company, Daikin Industries Ltd., Sinochem Group, Solvay S.A., Zeon Corporation Ltd., Linde Group, The Chemours Company, Foam Supplies Inc., Harp International Ltd., HCS Group GmbH, Marubeni Corporation, Haltermann Gmbh, Linde PLC, Solstice Performance Fluid, AGC Chemicals Americas Inc., Nouryon, Shriram Fibres Limited, Saudi Basic Industries Corp., Tosoh Corporation, AkzoNobel N.V., Evonik Industries AG, Clariant AG, Eiwa Chemical Industry Co. Ltd., Sinochem Lantian Co. Ltd., Lanxess, Huntsman International LLC, INEOS Group Holdings S.A. .

The foam blowing agents market report table of contents includes:

1. Executive Summary

2. Foam Blowing Agents Market Characteristics

3. Foam Blowing Agents Market Trends And Strategies

4. Foam Blowing Agents Market – Macro Economic Scenario

5. Global Foam Blowing Agents Market Size and Growth

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31. Global Foam Blowing Agents Market Competitive Benchmarking

32. Global Foam Blowing Agents Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Foam Blowing Agents Market

34. Foam Blowing Agents Market Future Outlook and Potential Analysis

35. Appendix

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