Polyurethane Foam Blowing Agents Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 1.8 Billion by 2033, exhibiting a CAGR of 5.5% from 2026 to 2033.
In 2022, the global polyurethane foam blowing agents market was valued at approximately USD 1.6 billion, with projections indicating growth to USD 1.8 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5% during the forecast period. The Asia Pacific region led the market, accounting for 44% of the global share. This dominance is attributed to rapid urbanization and increased construction activities in countries like China, India, and Japan, which have heightened the demand for polyurethane foam in insulation applications. North America is anticipated to experience significant growth, with a projected CAGR of 4.7% through the forecast period. This growth is driven by the presence of robust pharmaceutical and food packaging sectors, alongside a growing emphasis on eco friendly blowing agents due to environmental regulations. Europe, contributing approximately 16% to the total revenue, is witnessing growth linked to its expanding automotive sector and the increased use of polyurethane foam in vehicle interiors and frozen food packaging.Emerging economies present substantial opportunities for market expansion, driven by ongoing urbanization and infrastructure development. The global building floor area is projected to increase by 55% by 2050, amplifying the need for efficient building materials like polyurethane foams. Additionally, the industry is transitioning towards environmentally friendly blowing agents with lower global warming potential (GWP) to comply with stricter environmental regulations. This shift is expected to foster innovation and drive demand for sustainable solutions in the polyurethane foam blowing agents market.
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Arkema
DAIKIN INDUSTRIES
Exxon Mobil
Honeywell International
The Chemours Company
Ajanta Group
AMERICHEM
Foam Supplies
Haltermann Carless
Harp International
KSJN Chemicals
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Polyurethane Foam Blowing Agents Market
Hydrochlorofluorocarbons (HCFCs)
Hydrofluorocarbons (HFCs)
Hydrocarbons
Carbon Dioxide (CO2)
Water
Construction Materials
Automotive Components
Furniture and Bedding
Packaging
Appliances and Electronics
Building and Construction
Automotive
Consumer Goods
Electrical and Electronics
Sports and Leisure
Exothermic Blowing Agents
Endothermic Blowing Agents
Physical Blowing Agents
Chemical Blowing Agents
Liquid Blowing Agents
Solid Blowing Agents
Gaseous Blowing Agents
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Polyurethane Foam Blowing Agents Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Polyurethane Foam Blowing Agents Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Polyurethane Foam Blowing Agents Market, By Type
6. Global Polyurethane Foam Blowing Agents Market, By Application
7. Global Polyurethane Foam Blowing Agents Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Polyurethane Foam Blowing Agents Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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