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Foam Blowing Agents Market

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Foam Blowing Agents Market report categorizes global market by product type, and application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
Foam Blowing Agents Market - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis, 2018–2026
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.
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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.
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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pallavi.reddy
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