Blowing Agents

Blowing Agents Market: Industry Applications, Trend,
Outlook and Opportunity Analysis, 2018-2026
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.
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.
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The blowing agents market is expected to exhibit below average growth in
North America and Europe, owing to mature end-use industries in these regions.
Furthermore, stringent regulations by EPA in 2003, and by UK to limit the use,
recovery, and reuse of HCFC. Governing the use of blowing agents is expected
further expected to hamper growth over the following few years. However,
gradual recovery of the construction industry—one of the key end-use industries
for blowing agents—in both the regions, is expected to have a positive impact
on market growth.
Honeywell, Solvay, Arkema are key industry players in the blowing agents
market. Continuous research and development, technological advancement, and
marketing strategies help in attaining the highest market share in the global
blowing agents market. Solstice Liquid Blowing Agent, the latest product
developed by Honeywell, is the least harmful to the environment and possesses
immense potential to replace HC, HFC, and HCFC, in the future. 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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