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Foam Blowing Agents Market By Applications, By Product Type: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 179 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640388
Description Jump to:

The global foam blowing agents market was valued at $1.2 billion in 2020, and is projected to reach $1.9 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030.



Foam blowing agent is a substance used in the foam blowing process that expands in the matrix and imparts a cell structure to the substrate, enhancing the flexibility, acoustics, and insulation of the final product. Polyurethane foam is one of the most commonly used types of polymer foam and is widely used in various industries such as electronics, flooring, automotive, construction, packaging, and medical equipment. This trend is expected to continue for the foreseeable future, which in turn is anticipated to have a positive impact on the growth of the global foam blowing agent market.

The foam blowing agent market is driven by increased demand for polymer foams, primarily in all industries such as automotive, construction, and consumer electronics. The increased use of foam blowing agents in the manufacturing of polyurethane foams is expected to play a role to promote the growth of the global foam blowing agent market. The medical industry has grown rapidly in recent years, characterized by various technological advances. In addition, rise in world trade has significantly increased the demand for safe and reliable packaging for products that require foam-based polymers for their shock-absorbing properties. Therefore, the booming packaging and medical device industry is expected to drive global market growth during the forecast period. In addition, the improved standard of living of people around the world has consistently contributed to the growth of the foam blowing agent end-use industry. Apart from that, the surge in purchasing power parity (PPP) in recent years has contributed to the development of the flooring and furniture industry, which requires polymer foam for shock absorption. Thus, increased adoption of polymeric foams is projected to boost global market growth.

During the COVID-19 pandemic, the outlook for demand seemed bleak. The contraction occurred mainly in the building &construction sector and the automobile industry. The first two quarters of 2020 had a low demand primarily due to the suspension of all manufacturing and production activities. Eventually, the demand outlook gradually recovered as regulations were relaxed as vaccination campaigns accelerated.

The foam blowing agents market is segmented on the basis of type, application, and region. By type, the market is categorized into hydrocarbons, hydrofluorocarbons, hydrochlorofluorocarbons, and others (that include hydrofluoroolefins, methyl formate, liquid CO2, and water). By applications, the market is fragmented into polyurethane, polystyrene, polyolefin’s, and others (that include phenolic foams and polyvinyl chloride). By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for more than 45% share of the total revenue in 2020, followed by North America and Europe. The applications of foam blowing agents in the construction and automotive industries such as for building insulation and as sealants for windows &doors drive the foam blowing agents market in North America.

The key players operating in the global foam blowing agents market include Arkema S.A. (France), Honeywell International Inc. (U.S.), Exxon Mobil Corporation (U.S.), E.I. du Pont de Nemours & Company (U.S.), Haltermann GmbH (Germany), Harp International Ltd. (U.K.), Daikin Industries, Ltd. (Japan), Sinochem Group (China), Solvay S.A. (Germany), and ZEON Corporation (Japan).

The other prominent foam blowing agents industry players include Linde AG (Germany), AkzoNobel N.V., Lychem International Co., Limited, BEO International, SPL Group, KSJN Catalyzing Industries, Sunwell Global Ltd., Marubeni Corporation, and Astra Polymers are competing for the share of the market through product launch, joint venture, partnership, and expansion of the production capabilities to meet the future demand for the foam blowing agents market in the forecast period.

Key Benefits For Stakeholders

  • This report provides a detailed quantitative analysis of the current foam blowing agents market trends and estimations from 2020 to 2030, which assists to identify the prevailing opportunities.
  • An in-depth analysis of foam blowing agents market across the globe is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.
  • Region-wise and country-wise, market conditions are comprehensively analyzed in this report.
  • The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030 in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global foam blowing agents market.

 

COVID-19 Impact Analysis:


COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments, and infrastructure companies. The spread of COVID-19 has moderate impact on this market. Suspension of all manufacturing and production activity was majorly responsible for the dim demand prospects during the outbreak of COVID-19 pandemic. The stringent government regulations toward the shutdown of transportation sector have led to increase in difficulty in the procurement of the raw materials. The outbreak of the pandemic has led to the decline in efficiency at the manufacturing sites due to the low labor force.

Key Market Segments

 

By Applications

  • Polyurethane
  • Polystyrene
  • Polyolefins
  • Others

By Product Type

  • Hydrocarbons
  • Hydrofluorocarbons
  • Hydrochlorofluorocarbons
  • OTHERS

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest Of Asia Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • ARKEMA S.A. (FRANCE)
  • HONEYWELL INTERNATIONAL INC. (U.S.)
  • EXXON MOBIL CORPORATION (U.S.)
  • E.I. DU PONT DE NEMOURS & COMPANY (U.S.)
  • HALTERMANN GMBH (GERMANY)
  • HARP INTERNATIONAL LTD. (U.K.)
  • DAIKIN INDUSTRIES
  • LTD. (JAPAN)
  • SINOCHEM GROUP (CHINA)
  • SOLVAY S.A. (GERMANY)
  • ZEON CORPORATION (JAPAN)
  • LTD. (JAPAN)

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Value Chain Analysis
3.9. Key Regulation Analysis
CHAPTER 4: FOAM BLOWING AGENTS MARKET, BY APPLICATIONS
4.1 Overview
4.1.1 Market size and forecast
4.2 Polyurethane
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Polystyrene
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Polyolefins
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: FOAM BLOWING AGENTS MARKET, BY PRODUCT TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Hydrocarbons
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Hydrofluorocarbons
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Hydrochlorofluorocarbons
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 OTHERS
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: FOAM BLOWING AGENTS MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Applications
6.2.3 North America Market size and forecast, by Product Type
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Applications
6.2.4.1.2 Market size and forecast, by Product Type
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Applications
6.2.4.2.2 Market size and forecast, by Product Type
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Applications
6.2.4.3.2 Market size and forecast, by Product Type
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Applications
6.3.3 Europe Market size and forecast, by Product Type
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Applications
6.3.4.1.2 Market size and forecast, by Product Type
6.3.4.2 Ukraine
6.3.4.2.1 Market size and forecast, by Applications
6.3.4.2.2 Market size and forecast, by Product Type
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Applications
6.3.4.3.2 Market size and forecast, by Product Type
6.3.4.4 Italy
6.3.4.4.1 Market size and forecast, by Applications
6.3.4.4.2 Market size and forecast, by Product Type
6.3.4.5 Spain
6.3.4.5.1 Market size and forecast, by Applications
6.3.4.5.2 Market size and forecast, by Product Type
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Applications
6.3.4.6.2 Market size and forecast, by Product Type
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Applications
6.4.3 Asia-Pacific Market size and forecast, by Product Type
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Applications
6.4.4.1.2 Market size and forecast, by Product Type
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Applications
6.4.4.2.2 Market size and forecast, by Product Type
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Applications
6.4.4.3.2 Market size and forecast, by Product Type
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Applications
6.4.4.4.2 Market size and forecast, by Product Type
6.4.4.5 Rest Of Asia Pacific
6.4.4.5.1 Market size and forecast, by Applications
6.4.4.5.2 Market size and forecast, by Product Type
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Applications
6.5.3 LAMEA Market size and forecast, by Product Type
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Latin America
6.5.4.1.1 Market size and forecast, by Applications
6.5.4.1.2 Market size and forecast, by Product Type
6.5.4.2 Middle East
6.5.4.2.1 Market size and forecast, by Applications
6.5.4.2.2 Market size and forecast, by Product Type
6.5.4.3 Africa
6.5.4.3.1 Market size and forecast, by Applications
6.5.4.3.2 Market size and forecast, by Product Type
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 ARKEMA S.A. (FRANCE)
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 HONEYWELL INTERNATIONAL INC. (U.S.)
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 EXXON MOBIL CORPORATION (U.S.)
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 E.I. DU PONT DE NEMOURS & COMPANY (U.S.)
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 HALTERMANN GMBH (GERMANY)
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 HARP INTERNATIONAL LTD. (U.K.)
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 DAIKIN INDUSTRIES
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 LTD. (JAPAN)
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 SINOCHEM GROUP (CHINA)
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 SOLVAY S.A. (GERMANY)
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
8.11 ZEON CORPORATION (JAPAN)
8.11.1 Company overview
8.11.2 Company snapshot
8.11.3 Operating business segments
8.11.4 Product portfolio
8.11.5 Business performance
8.11.6 Key strategic moves and developments
8.12 LTD. (JAPAN)
8.12.1 Company overview
8.12.2 Company snapshot
8.12.3 Operating business segments
8.12.4 Product portfolio
8.12.5 Business performance
8.12.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 2. Foam Blowing Agents Market Size, for Polyurethane, by Region, 2020-2030 ($Million)
Table 3. Foam Blowing Agents Market for Polyurethane, by Country, 2020-2030 ($Million)
Table 4. Foam Blowing Agents Market Size, for Polystyrene, by Region, 2020-2030 ($Million)
Table 5. Foam Blowing Agents Market for Polystyrene, by Country, 2020-2030 ($Million)
Table 6. Foam Blowing Agents Market Size, for Polyolefins, by Region, 2020-2030 ($Million)
Table 7. Foam Blowing Agents Market for Polyolefins, by Country, 2020-2030 ($Million)
Table 8. Foam Blowing Agents Market Size, for Others, by Region, 2020-2030 ($Million)
Table 9. Foam Blowing Agents Market for Others, by Country, 2020-2030 ($Million)
Table 10. Global Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 11. Foam Blowing Agents Market Size, for Hydrocarbons, by Region, 2020-2030 ($Million)
Table 12. Foam Blowing Agents Market for Hydrocarbons, by Country, 2020-2030 ($Million)
Table 13. Foam Blowing Agents Market Size, for Hydrofluorocarbons, by Region, 2020-2030 ($Million)
Table 14. Foam Blowing Agents Market for Hydrofluorocarbons, by Country, 2020-2030 ($Million)
Table 15. Foam Blowing Agents Market Size, for Hydrochlorofluorocarbons, by Region, 2020-2030 ($Million)
Table 16. Foam Blowing Agents Market for Hydrochlorofluorocarbons, by Country, 2020-2030 ($Million)
Table 17. Foam Blowing Agents Market Size, for Others, by Region, 2020-2030 ($Million)
Table 18. Foam Blowing Agents Market for Others, by Country, 2020-2030 ($Million)
Table 19. Foam Blowing Agents Market, by Region, 2020-2030 ($Million)
Table 20. North America Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 21. North America Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 22. North America Foam Blowing Agents Market, by Country, 2020-2030 ($Million)
Table 23. U.S. Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 24. U.S. Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 25. Canada Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 26. Canada Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 27. Mexico Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 28. Mexico Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 29. Europe Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 30. Europe Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 31. Europe Foam Blowing Agents Market, by Country, 2020-2030 ($Million)
Table 32. Germany Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 33. Germany Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 34. Ukraine Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 35. Ukraine Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 36. France Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 37. France Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 38. Italy Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 39. Italy Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 40. Spain Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 41. Spain Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 42. Rest of Europe Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 43. Rest of Europe Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 44. Asia-Pacific Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 45. Asia-Pacific Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 46. Asia-Pacific Foam Blowing Agents Market, by Country, 2020-2030 ($Million)
Table 47. China Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 48. China Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 49. Japan Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 50. Japan Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 51. India Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 52. India Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 53. South Korea Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 54. South Korea Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 55. Rest of Asia-Pacific Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 56. Rest of Asia-Pacific Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 57. LAMEA Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 58. LAMEA Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 59. LAMEA Foam Blowing Agents Market, by Country, 2020-2030 ($Million)
Table 60. Latin America Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 61. Latin America Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 62. Middle East Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 63. Middle East Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 64. Africa Foam Blowing Agents Market, by Applications, 2020-2030 ($Million)
Table 65. Africa Foam Blowing Agents Market, by Product Type, 2020-2030 ($Million)
Table 66. Arkema S.A. (France): Company Snapshot
Table 67. Arkema S.A. (France): Operating Segments
Table 68. Arkema S.A. (France): Product Portfolio
Table 69. Arkema S.A. (France): Net Sales
Table 70. Arkema S.A. (France): Key Stratergies
Table 71. Honeywell International Inc. (U.S.): Company Snapshot
Table 72. Honeywell International Inc. (U.S.): Operating Segments
Table 73. Honeywell International Inc. (U.S.): Product Portfolio
Table 74. Honeywell International Inc. (U.S.): Net Sales
Table 75. Honeywell International Inc. (U.S.): Key Stratergies
Table 76. Exxon Mobil Corporation (U.S.): Company Snapshot
Table 77. Exxon Mobil Corporation (U.S.): Operating Segments
Table 78. Exxon Mobil Corporation (U.S.): Product Portfolio
Table 79. Exxon Mobil Corporation (U.S.): Net Sales
Table 80. Exxon Mobil Corporation (U.S.): Key Stratergies
Table 81. E.I. Du Pont De Nemours & Company (U.S.): Company Snapshot
Table 82. E.I. Du Pont De Nemours & Company (U.S.): Operating Segments
Table 83. E.I. Du Pont De Nemours & Company (U.S.): Product Portfolio
Table 84. E.I. Du Pont De Nemours & Company (U.S.): Net Sales
Table 85. E.I. Du Pont De Nemours & Company (U.S.): Key Stratergies
Table 86. Haltermann GmbH (Germany): Company Snapshot
Table 87. Haltermann GmbH (Germany): Operating Segments
Table 88. Haltermann GmbH (Germany): Product Portfolio
Table 89. Haltermann GmbH (Germany): Net Sales
Table 90. Haltermann GmbH (Germany): Key Stratergies
Table 91. Harp International Ltd. (U.K.): Company Snapshot
Table 92. Harp International Ltd. (U.K.): Operating Segments
Table 93. Harp International Ltd. (U.K.): Product Portfolio
Table 94. Harp International Ltd. (U.K.): Net Sales
Table 95. Harp International Ltd. (U.K.): Key Stratergies
Table 96. Daikin Industries: Company Snapshot
Table 97. Daikin Industries: Operating Segments
Table 98. Daikin Industries: Product Portfolio
Table 99. Daikin Industries: Net Sales
Table 100. Daikin Industries: Key Stratergies
Table 101. Ltd. (Japan): Company Snapshot
Table 102. Ltd. (Japan): Operating Segments
Table 103. Ltd. (Japan): Product Portfolio
Table 104. Ltd. (Japan): Net Sales
Table 105. Ltd. (Japan): Key Stratergies
Table 106. Sinochem Group (China): Company Snapshot
Table 107. Sinochem Group (China): Operating Segments
Table 108. Sinochem Group (China): Product Portfolio
Table 109. Sinochem Group (China): Net Sales
Table 110. Sinochem Group (China): Key Stratergies
Table 111. Solvay S.A. (Germany): Company Snapshot
Table 112. Solvay S.A. (Germany): Operating Segments
Table 113. Solvay S.A. (Germany): Product Portfolio
Table 114. Solvay S.A. (Germany): Net Sales
Table 115. Solvay S.A. (Germany): Key Stratergies
Table 116. Zeon Corporation (Japan): Company Snapshot
Table 117. Zeon Corporation (Japan): Operating Segments
Table 118. Zeon Corporation (Japan): Product Portfolio
Table 119. Zeon Corporation (Japan): Net Sales
Table 120. Zeon Corporation (Japan): Key Stratergies
Table 121. Ltd. (Japan): Company Snapshot
Table 122. Ltd. (Japan): Operating Segments
Table 123. Ltd. (Japan): Product Portfolio
Table 124. Ltd. (Japan): Net Sales
Table 125. Ltd. (Japan): Key Stratergies
LIST OF FIGURES
Figure 1. Foam Blowing Agents Market Segmentation
Figure 2. Foam Blowing Agents Market, 2020-2030
Figure 3. Foam Blowing Agents Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Foam Blowing Agents Market:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Value Chain Analysis
Figure 14. Key Regulation Analysis
Figure 15. Foam Blowing Agents Market, by Applications, 2020 (%)
Figure 16. Comparative Share Analysis of Polyurethane Foam Blowing Agents Market, 2020-2030 (%)
Figure 17. Comparative Share Analysis of Polystyrene Foam Blowing Agents Market, 2020-2030 (%)
Figure 18. Comparative Share Analysis of Polyolefins Foam Blowing Agents Market, 2020-2030 (%)
Figure 19. Comparative Share Analysis of Others Foam Blowing Agents Market, 2020-2030 (%)
Figure 20. Foam Blowing Agents Market, by Product Type, 2020 (%)
Figure 21. Comparative Share Analysis of Hydrocarbons Foam Blowing Agents Market, 2020-2030 (%)
Figure 22. Comparative Share Analysis of Hydrofluorocarbons Foam Blowing Agents Market, 2020-2030 (%)
Figure 23. Comparative Share Analysis of Hydrochlorofluorocarbons Foam Blowing Agents Market, 2020-2030 (%)
Figure 24. Comparative Share Analysis of Others Foam Blowing Agents Market, 2020-2030 (%)
Figure 25. Foam Blowing Agents Market by Region, 2020
Figure 26. U.S. Foam Blowing Agents Market, 2020-2030 ($Million)
Figure 27. Canada Foam Blowing Agents Market, 2020-2030 ($Million)
Figure 28. Mexico Foam Blowing Agents Market, 2020-2030 ($Million)
Figure 29. Germany Foam Blowing Agents Market, 2020-2030 ($Million)
Figure 30. Ukraine Foam Blowing Agents Market, 2020-2030 ($Million)
Figure 31. France Foam Blowing Agents Market, 2020-2030 ($Million)
Figure 32. Italy Foam Blowing Agents Market, 2020-2030 ($Million)
Figure 33. Spain Foam Blowing Agents Market, 2020-2030 ($Million)
Figure 34. Rest of Europe Foam Blowing Agents Market, 2020-2030 ($Million)
Figure 35. China Foam Blowing Agents Market, 2020-2030 ($Million)
Figure 36. Japan Foam Blowing Agents Market, 2020-2030 ($Million)
Figure 37. India Foam Blowing Agents Market, 2020-2030 ($Million)
Figure 38. South Korea Foam Blowing Agents Market, 2020-2030 ($Million)
Figure 39. Rest of Asia-Pacific Foam Blowing Agents Market, 2020-2030 ($Million)
Figure 40. Latin America Foam Blowing Agents Market, 2020-2030 ($Million)
Figure 41. Middle East Foam Blowing Agents Market, 2020-2030 ($Million)
Figure 42. Africa Foam Blowing Agents Market, 2020-2030 ($Million)
Figure 43. Top Winning Strategies, by Year
Figure 44. Top Winning Strategies, by Development
Figure 45. Top Winning Strategies, by Company
Figure 46. Product Mapping of Top 10 Players
Figure 47. Competitive Dashboard
Figure 48. Competitive Heatmap of Top 10 Key Players
Figure 49. Arkema SA (France).: Net Sales, ($Million)
Figure 50. Honeywell International Inc. (U.S.).: Net Sales, ($Million)
Figure 51. Exxon Mobil Corporation (U.S.).: Net Sales, ($Million)
Figure 52. E.I. Du Pont De Nemours & Company (U.S.).: Net Sales, ($Million)
Figure 53. Haltermann GmbH (Germany).: Net Sales, ($Million)
Figure 54. Harp International Ltd. (U.K.).: Net Sales, ($Million)
Figure 55. Daikin Industries.: Net Sales, ($Million)
Figure 56. Ltd. (Japan).: Net Sales, ($Million)
Figure 57. Sinochem Group (China).: Net Sales, ($Million)
Figure 58. Solvay SA (Germany).: Net Sales, ($Million)
Figure 59. Zeon Corporation (Japan).: Net Sales, ($Million)
Figure 60. Ltd. (Japan).: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Foam Blowing Agents Market,' the foam blowing agents market was valued at $1.2 billion in 2020, and is estimated to reach $1.9 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030.

Foam blowing agents are mainly used for the manufacturing of polystyrene foams, polyurethane foams, and phenolic foams, which find their application in insulation in numerous end-use industries such as construction, automotive, and electrical & electronics. This can be attributed to rapid urbanization and the need for reduction in energy consumption. Polyurethane (PU), extruded polystyrene (XPS), expanded polystyrene (EPS), and phenolic foams contribute significantly in reducing energy consumption. With the introduction of the green building concept, the demand for thermal insulation has increased multi-folds attributed to the recognized role of green buildings in reducing energy consumption and greenhouse emissions (GHGs).

Flourishing polystyrene, polyurethane, and other product-based foam businesses drive the foam blowing agents market. Foam blowing agents find applications in polymeric foam manufacturing to enhance the desired foam properties. The demand for polymeric foam has increased due to its usage in the construction and appliances industry. The global population growth and a rise in average disposable incomes have further boosted the construction industry in Vietnam, China, India, Malaysia, and Indonesia. Polymeric foams are extensively used in building and construction sectors. Improved living standards and rise in purchase power parity have developed flooring and furnishing industry in recent years. The booming hospitality sector has demanded an exceptional quality of flooring material and aesthetically sound furnishing. Polymeric foams are used in flooring and furnishing for shock absorption and to give a high-quality aesthetic appearance. The foam blowing agents market is anticipated to witness a promising growth in the flooring and furnishing industry owing to increased adoption of polymeric foams.

Hydrocarbon-based products have witnessed the maximum demand in various applications such as refrigeration and wall sheathing & roofing owing to its zero-global warming potential (GWP) and negligible ozone layer depletion potential (ODP), followed by hydrofluorocarbons. However, measures against harmful agents imposed by the government and various organizations of different regions are expected to hamper the market growth.

The foam blowing agents market is segmented on the basis of type, application, and region.

By type, the market is categorized into hydrocarbons, hydrofluorocarbons, hydrochlorofluorocarbons, and others (that include hydrofluoroolefins, methyl formate, liquid CO2, and water). By applications, the market is classified into polyurethane, polystyrene, polyolefins, and others (that include phenolic foams and polyvinyl chloride). By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for more than 45% share of the total revenue in 2020, followed by North America and Europe. The applications of foam blowing agents in the construction and automotive industries such as for building insulation and as sealants for windows and doors drive the foam blowing agents market in North America.

The key players operating in the global Foam blowing agents market are Arkema S.A. (France), Honeywell International Inc. (U.S.), Exxon Mobil Corporation (U.S.), E.I. du Pont de Nemours & Company (U.S.), Haltermann GmbH (Germany), Harp International Ltd. (U.K.), Daikin Industries, Ltd. (Japan), Sinochem Group (China), Solvay S.A. (Germany), and ZEON Corporation (Japan).

The other prominent foam blowing agents industry players include Linde AG (Germany), AkzoNobel N.V., Lychem International Co., Limited, BEO International, SPL Group, KSJN Catalyzing Industries, Sunwell Global Ltd., Marubeni Corporation, and Astra Polymers are competing for the share of the market through product launch, joint venture, partnership, and expanding the production capabilities to meet the future demand for the foam blowing agents during the forecast period.

Key findings of the Study

  • By region, Asia-Pacific accounted for the largest market share in 2020.
  • Depending on type, hydrocarbons segment held the largest market share in 2020.
  • According to application, polyurethane segment held the largest market share in 2020.

IMPACT OF COVID-19 on the Global Foam Blowing Agents Market

  • Emergence of COVID-19 had less impact on the growth of the global foam blowing agents market during the pandemic outbreak period in 2019.
  • This impact is mostly attributed to the significant disruptions in the raw material transportation and presence of low-labor, which led to shutdown of many manufacturing industries due to decline of demand for foam blowing agents during the pandemic outbreak period in 2019.
  • The decrease in demand for many non-essential products and shut down of construction created a negative impact on the development of global foam blowing agents market.
Thus, the abovementioned factors are expected to have negative impact on the global foam blowing agent’s market growth during the pandemic period.

Companies Mentioned

  • ARKEMA S.A. (FRANCE)
  • HONEYWELL INTERNATIONAL INC. (U.S.)
  • EXXON MOBIL CORPORATION (U.S.)
  • E.I. DU PONT DE NEMOURS & COMPANY (U.S.)
  • HALTERMANN GMBH (GERMANY)
  • HARP INTERNATIONAL LTD. (U.K.)
  • DAIKIN INDUSTRIES
  • LTD. (JAPAN)
  • SINOCHEM GROUP (CHINA)
  • SOLVAY S.A. (GERMANY)
  • ZEON CORPORATION (JAPAN)
  • LTD. (JAPAN)

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages179
PublishedMarch 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 1.2 billion
Forecasted Market Value ( USD ) by 2030 $ 1.9 billion
Compound Annual Growth Rate4.7%
Regions CoveredGlobal
No. of Companies Mentioned12

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