Global Blowing Agents Market Overview:
The blowing agents are used as additives in the polymeric foam industry. To lend some of the desired properties for the production process, the polymeric foam is used. The demand for the blowing agents is growing owing to the increase in the industrialization, which in turn has the requirement of more and more blowing agents. These agents are used to induce a specific cellular structure for the materials of foam. It helps to increase the thermal and acoustic abilities, reduction of density and improves the toughness of the original material. Some of the key players profiled in the study are Arkema S.A. (France), The Dow Chemical Company (U.S.), Honeywell International Inc. (United States), Exxon Mobil Corporation (United States), E.I. du Pont de Nemours & Company (United States), Haltermann GmbH (Germany), Harp International Ltd. (United Kingdom), Daikin Industries, Ltd. (Japan) and INEOS Group AG (Switzerland).
On the basis of geography, the market of Blowing Agents has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Foam, the sub-segment i.e. Polyurethane will boost the Blowing Agents market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Basis of Chemistry, the sub-segment i.e. Physical Blowing Agents will boost the Blowing Agents market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Foaming Agent Process, the sub-segment i.e. Exothermic Chemical Foaming Agents will boost the Blowing Agents market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rise in Use of Blowing Agents in Construction, Automotive and Appliances Industry
- Technological Advancements in Foam Blowing Agents
- Change in Consumer Preference in The Choice of Blowing Agent With Respect to Environment Regulation
- The rise in Demand for Environment-Friendly Blowing Agents
Major Market Developments:
In August 2017, Honeywell announced that TCL Corporation, one of China's largest manufacturers of appliances and electronics, is using Honeywell's Solstice Liquid Blowing Agent (LBA) in its refrigerator insulation to increase energy efficiency and further reduce climate impact.
The UK government made it mandatory to recover and recycle the HCFC used in the refrigeration unit. Owing to its contribution towards ozone depletion coupled with a potential phase-out in the near future, HCFC is expected to have a positive impact on eco-friendly blowing agents over the forecast period. Moreover, in 2003, EPA issued baseline for production and import of HCFC-22 and HCFC-142b.
Blowing Agents Manufacturers, Blowing Agents Traders, Distributors, and Suppliers, Research and Consulting Firms, Investment Banks and Private Equity Firms, R&D Institutions, Environment Support Agencies, Government and Research Organizations, Associations and Industrial Bodies and End Users
Major Objectives Focused through this Study
To define, describe, and forecast the Global Blowing Agents market on the basis of product [Hydrochlorofluorocarbons (HCFC), Hydrofluorocarbons (HFC), Hydro Carbons (HC) and Others] , application [Building and Construction, Automotive, Furniture, Apparel, Packaging, Appliances and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Blowing Agents market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Blowing Agents industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Linde AG (Germany), Sinochem Group (China), Solvay S.A. (Germany) and ZEON Corporation (Japan).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Blowing Agents market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.