Foam Blowing Agents

Foam Blowing Agents Market Global Industry Insights, Trends, Outlook,
and Opportunity Analysis, 2016–2024
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REPORT DESCRIPTION
Foam Blowing Agents Market Overview:Foam blowing agents are substances that used in the foaming process to expand in matrix and offer cellular structure to
substrates, thereby intensifying the flexibility as well as acoustic and thermal insulation of the final product. Drastic
increase in demand for polymeric foams across industries, such as automotive, construction, and appliances, along with
increased use of foam blowing agents in manufacturing of polyurethane foam is expected to play a major role in driving
the growth of the global foam blowing agents market in the future. Polyurethane foam is one of the most commonly used
types of polymer foam, which finds wide application in various industries, including electronics, flooring, automotive,
construction, packaging, and medical devices. The trend is expected to continue over the foreseeable future, which in turn
is projected to positively impact growth of the global foam blowing agents market. The medical industry has witnessed
rapid growth in the recent past, characterized by various technological advancements. Also, an upturn in the global trade
has brought a surge in the demand for safe and reliable packaging of products, which requires foam-based polymers due to
their shock absorbing nature. Therefore, the strengthening packaging and medical devices industries are together expected
to boost the global market growth during the forecast period.
Foam Blowing Agents Market Taxonomy
On the basis of type, the global market is classified into:
●
●
Hydrofluorocarbons (HFCs)
HFC-245fa
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REPORT DESCRIPTION
Foam Blowing Agents Market Taxonomy:On the basis of type, the global market is classified into:
●
HFC-134a
●
HFC-152a
●
HFC-365mfc
●
Hydrochlorofluorocarbons (HCFCs)
●
HCFC-141b
●
HCFC-142-b
●
HCFC-22
●
Others
On the basis of application, the global market is classified into:
●
●
●
●
●
Polyurethane Foam
Polyolefin Foam
Polystyrene Foam
Phenolic Foam
Others
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Reduction of greenhouse emissions a key focus areas of players in the global foam blowing agents market
The global foam blowing agents market is largely being driven by the constant advancements in technology. For instance,
Chemours Company came up with Opteon™ 1100 foam blowing agent and BASF SPRAYTITE® foam insulation
technologies, which ensure exceptional thermal insulation performance as well as reduced energy usage. These
technologies also offer benefits such as reduction in greenhouse gas emissions and reducing environmental footprint.
Foam Blowing Agents Market Outlook – Rising living standards drive the global market growth
Rising living standards of people across the globe consequently contribute towards growth of end-use industries of foam
blowing agents. Apart from this, in recent years, increase in purchasing power parity (PPP) has helped in the development
of the flooring and furnishing industry, which demands polymeric foams for shock absorption. Thus, increased adoption of
polymeric foams is projected to boost the global market growth.
Some of the major companies in the foam blowing agents market are Arkema S.A., Exxon Mobil Corporation, Daikin
Industries, Ltd., ZEON Corporation, Honeywell International Inc., Haltermann GmbH, Harp International Ltd., Sinochem
Group, E.I. du Pont de Nemours & Company, and Solvay S.A. Other well-known companies in the global market include
Linde AG, Astra Polymers, AkzoNobel N.V., KSJN Catalyzing Industries, Lychem International Co., Limited, SPL Group,
Sunwell Global Ltd., BEO International, and Marubeni Corporation.
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The global foam blowing agents market is largely being driven by the constant advancements in technology. For instance, Chemours Company came up with Opteon™ 1100 foam blowing agent and BASF SPRAYTITE® foam insulation technologies, which ensure exceptional thermal insulation performance as well as reduced energy usage.

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