Blowing Agents Market

Blowing Agents Market Research Report,
2026
Blowing agents are light in weight, heat insulation, and electrical induction
chemical substances that are used to generate the gas that is used in expanding
of plastics, rubber, and ceramics to create foam. The global blowing agents are
expected to witness substantial growth owing to increasing demand from
end-use industries such as construction, packaging, and automotive. The product
is primarily used in the aforementioned end-use industries as adhesives,
exhibiting superior properties including improved acoustics, heat & electric
insulation, elasticity, and lightweight.
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Rising infrastructure development in Asia Pacific is expected to increase
market penetration
Blowing agents are widely used across a number of application in the
construction industry including acoustics, heat & electric insulation, and shock
absorbers. Furthermore, rising infrastructure development in Asia Pacific
coupled with supportive government initiatives, in emerging economies such as
India, is fueling growth of the market. For instance, in 2016, the Indian
government announced plans to invest US$ 376.53 billion to improve the
infrastructure, roads, transport facility, and shipping over of the following three
years. Encouraging foreign direct investment (FDI) in the region is likely to
propel the construction industry in the region, which in turn is expected to
increase demand for blowing agents in the near future.
Robust automobile industry growth is expected to aid market growth over
the forecast period
Demand for blowing agent products by the automobile industry, is rapidly rising
due to the weight reduction property of the agents that are useful for acoustic
application. As the demand for products of the automobile industry is
increasing, the demand for light is a major factor fueling market growth. The
global automobile industry produced over 90 million cars and commercial
vehicles in 2015, which is expected to increase significantly over the following
five years owing to strong indicators in Asia Pacific. These trends coupled with
rising efforts to improve fuel efficiency by reducing the overall weight of
automobiles, is expected to have a positive impact on growth.
Blowing agents industry is a consolidated market place with a large number of
small manufacturers present in the industry. This trend is primarily witnessed in
Asia Pacific, which is one of the major producers of blowing agents.
Furthermore, the industry comprises of leading players with global presence
including DuPont, Arkema S.A., Honeywell International Inc., Solvay S.A.,
Foam Supplies, Inc., AkzoNobel NV, Haltermann GmbH, Linde AG,
Americhem, and HARP International Ltd.
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Blowing Agents Market report categorizes global market by end user, geography and other such industry segments - Industry Applications, Trend, Outlook and Opportunity Analysis, 2016-2024

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