According to the new market research report “Blowing Agents Market by Type (HC, HFC, HCFC), by Foam (Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polyolefin Foam), and Region (APAC, North America, Europe, Middle East & Africa, South America) – Global Forecast to 2026″, published by MarketsandMarkets™, the blowing agents market size is projected to grow from an estimated value of USD 1.5 billion in 2019 to USD 2.2 billion by 2026″, at a CAGR of 5.8% during the forecast period.
Browse and in-depth TOC on “Blowing Agents Market”
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Blowing agents are defined as a chemical substance capable of producing pores or cells in polymeric compositions. They are used widely in generating the gas to expand rubber, plastics, and ceramics to create foams. They are highly utilized materials for manufacturing different types of polymeric foams to achieve specific properties and enhancing the nature of polymer parts.
The key players in the blowing agents market are Honeywell International Inc. (US), Solvay SA (Belgium), Arkema SA (France), Exxon Mobil Corporation (US), Linde plc (UK), Daikin Industries, Ltd. (Japan), The Chemours Company (US), Haltermann Carless (Germany), Foam Supplies, Inc. (US), Harp International Ltd. (UK). The blowing agent market report analyzes the key growth strategies adopted by the leading market players, between 2014 and 2019, which include expansions, merger & acquisition, new product developments, and collaborations.
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Honeywell International Inc. (US) is one of the major players in the blowing agent market. The company is operating in the low GWP blowing agent market along with the continuous transition from the production of CFC’s to HCFC’s to HFC’s to HFO’s over the years with the on-going phase-out of existing blowing agents. The company offers its products through four operating segments, namely, aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. The company has its R&D facilities in the US, Europe, India, and China. The company has a global presence at 991 locations, of which 252 are manufacturing sites.
Solvay SA (Belgium) is one of the leading players in the blowing agent market. The company engages in the manufacturing and sale of chemical and plastic products. It functions through three business segments – advanced formulations, advanced materials, and performance chemicals. The company offers HCFC and HFC blowing agents through its special chemical division under the advanced materials business segment. The company has 125 sites and presence in 62 locations across the globe with 21 major R&D centers.
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