Zion Market Research, the market research group announced the analysis report titled ‘Blowing Agents Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024′
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. The widely used blowing agent is the chlorofluorocarbon.
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Global Blowing Agents Market: Segmentation
The blowing agents market is globally segmented into its type, foam, chemistry, foaming agent process and region. On the basis of product type, the global market is categorized into HC, HCFC, HFC and others. Based on the type of foam, the global blowing agents market is segregated into polyurethane foams, phenolic foams, polystyrene foams and polyolefin foams. On the basis of the chemistry, the global market is divided into chemical blowing agents and physical blowing agents. Based on the foaming agent process, the global blowing agents market is classified into endo/exothermic blend chemical foaming agents, exothermic chemical foaming agents and endothermic chemical foaming agents. Regionally, the global market is diversified into Asia Pacific, Western Europe, South America, Central and Eastern Europe, North America and the Middle East and Africa.
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Global Blowing Agents Market: Growth Factors
The major reason for the global blowing agents market growth is the increasing demand for the polymeric foams, especially for the polyurethane foams. It is due to the rapid up gradation in the end-user companies such as infrastructure and appliances. These agents are mainly used in the polymer industry as adhesives to inherit specific foam properties such as acoustics and shock absorbency, permeability and elasticity, weight reduction and heat and electric insulation. The polyurethane foam market holds the major share in the global blowing agents market owing to the increase in applications such as automobiles, chemicals, and infrastructure. Butanes and pentanes, types of hydrocarbon, have mainly dominated the global market. The factor that is hampering the global market growth is the strict regulations in terms of the harmful chemicals used in the blowing agents. However, there have been researching and developments in the production of the environment-friendly bio-based products.
Global Blowing Agents Market: Regional Analysis
The region that is driving the global market of blowing agents is the Asia Pacific region. It is one of the well-consumed regions in the global market. China is one of the top blowing agent’s consumer in the Asia Pacific region. The other Asian countries that are contributing to the global market are India and South Korea mainly owing to the reason of increased industrial production levels. The developed regions such as North America and Europe are contributing their share towards the global market growth of the blowing agents. These regions are also taking initiatives to utilize the environment-friendly blowing agents.
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Global Blowing Agents Market: Competitive Players
The major market players in the blowing agents market include DuPont, Arkema S.A., Foam Supplies, Inc., AkzoNobel NV, KibbeChem, Inc., RIT Chem Co, Inc., Solvay S.A. Honeywell International Limited, Eiwa Chemical and Americhem.
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