TMRR, suggest in its latest market report, that the Foam Blowing Agents market report is about to exceed US$ xx Mn/Bn by 2029. The report finds that the Foam Blowing Agents market registered ~US$ xx Mn/Bn in 2018 and is projected to expand at a healthy CAGR over the foreseeable period.
The Foam Blowing Agents market research focuses on the market structure along with various factors (positive and negative) that influence the market growth. The study contains a precise evaluation of the Foam Blowing Agents market, including growth rate, current market scenario, and volume inflation prospects, on the basis of DROT and Porter’s Five Forces analyses.
Important players profiled in the Foam Blowing Agents market research include player 1, player 2, player 3 and player 4.
In this Foam Blowing Agents market study, the following years are considered to project the market footprint:
- History Year: 2014 – 2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year: 2019 – 2029
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competitive landscape of the market is moderately consolidated.
Global Foam Blowing Agents Market: Overview
Foam blowing agents are essentially used for enhancing the existing properties of polymers. Their very function is to provide the polymer matrix a cellular structure, which, in turn, strengthens the foam. Polymeric foams are known to have low density, low heat transfer, and optimum flexibility amongst other advantages. The various foam blowing agents available in the global market are water, hydrocarbons, azodicarbonamide, methyl formate, inert gases, and methylal.
Global Foam Blowing Agents Market: Drivers and Trends
The demand for foam blowing agents has been on an upswing due to the growing automotive industry. These agents are extensively used in the production of various automotive parts such as side skirts, wiper cowls, roll pans, and bumpers. The demand for foam blowing agents is anticipated to be on the rise in the coming years due to their growing application in the automotive and construction industries. The growth of the booming polyurethane, polystyrene, and other product-based foam industries are fuelling the growth of the global foam blowing agents market.
The exponential rise in the global population has given the construction industry a significant boost in recent years. Demand for housing, hospitality, flooring material, and effective sound furnishing are expected to boost the demand for foam blowing agents in the near future. The foam blowing agents market is also expected to witness a good growth rate due to the emergence of the packaging and medical devices industry.
Global Foam Blowing Agents Market: Market Potential
Companies in the global foam blowing agents market are focused on developing eco-friendly blowing agents to minimize the impact on the environments. Currently, Lapolla Industries Inc. is working on commercializing Solstice, a liquid blowing agent that has the reputation to prevent ozone depletion and minimize global warming. The product is being developed by Honeywell International Inc., which is known to have fewer hydrofluorocarbons (HFCs). Lapolla and Honeywell are working in collaboration to develop products that bear a social and an environmental responsibility. Such efforts are expected to add value to the global market and work in favor in its favor in the coming years.
Global Foam Blowing Agents Market: Regional Outlook
In terms of geography, the global foam blowing agents market is divided into Asia Pacific, Latin America, the Middle East and Africa, Europe, and North America. The research report states that Asia Pacific foam blowing agents market is projected to lead the pack due to the protean construction industry, which is currently focused on making infrastructural developments.
Presently, emerging countries of South Korea, Thailand, Vietnam, and India are undergoing major changes in terms of infrastructure, which is expected to increase the uptake of foam blowing agents in the regional market. Furthermore, significant technological advancements and phenomenal pace of industrialization in Asia Pacific, which is seen through the rise of industries such as medical devices, packaging, and automotive are expected boost the consumption of foam blowing agents.
North America is also projected to show a steady growth in the global foam blowing agents market due to rising activities in the packaging and pharmaceutical industries. On the other hand, Europe will show a sluggish market growth in the global market.
Key Players Mentioned in the Research Report are:
The competitive landscape in the global foam blowing agents market is quite consolidated with the major share in the market held by a few companies. The research report states that the leading players operating in the global foam blowing agents market are Haltermann GmbH, ZEON Corporation, Sinochem Group, AkzoNobel N.V., Daikin Industries Ltd., Arkema S.A., Honeywell, Solvay S.A., Exxon Mobil Corporation, and DuPont.
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The content of the Foam Blowing Agents market report includes the following insights:
- Growth outlook of the global Foam Blowing Agents market in terms of value and volume
- Strategies utilized by different Foam Blowing Agents market players.
- Drivers, restraints, opportunities and trends (DROT Analysis) impacting the growth prospect for the Foam Blowing Agents over the forecast period.
- End use consumption of the Foam Blowing Agents across various regions.
- Identify the ecological impacts of the Foam Blowing Agents and what regulations are being imposed on its usage.
The Foam Blowing Agents market study answers critical questions including:
- What tactics are being utilized by the Foam Blowing Agents market players to expand their production footprint in region?
- What are the threats faced by players in the global Foam Blowing Agents market mutually?
- Why region holds the majority of share in the global Foam Blowing Agents market?
- Why product type has the largest consumption in region?
- Which end user remain the leading consumers of the Foam Blowing Agents across the globe?
All the players running in the global Foam Blowing Agents market are elaborated thoroughly in the Foam Blowing Agents market report on the basis of R&D developments, distribution channels, industrial penetration, manufacturing processes, and revenue. In addition, the report examines, legal policies, and comparative analysis between the leading and emerging Foam Blowing Agents market players.
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This post was originally published on Analytics News