Liquid Blowing Agent Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 8.7% from 2026 to 2033, reaching USD 2.5 Billion by 2033.
The South Korea Liquid Blowing Agent Market has been expanding rapidly due to the increasing demand for lightweight materials across various industries. Liquid blowing agents (LBAs) are chemical substances used in the production of foamed plastics, offering significant advantages in reducing the density and improving the mechanical properties of the final products. As industries seek more sustainable and cost-effective solutions, LBAs have become essential for creating foams that are lightweight yet strong. These agents are extensively used in sectors like automotive, construction, packaging, and electronics. In South Korea, a key player in the global manufacturing market, the demand for LBAs is growing steadily as manufacturers explore more innovative materials that meet evolving consumer and regulatory needs.
The automotive industry, one of the largest consumers of LBAs, relies on these agents for producing components such as door panels, dashboards, and seats. Liquid blowing agents help in reducing the weight of these parts, thus improving fuel efficiency and reducing carbon emissions. With the rise of electric vehicles (EVs) in South Korea, the demand for lightweight materials has intensified, further fueling the Liquid Blowing Agent Market.
In the construction sector, LBAs are utilized for producing lightweight concrete and insulation materials. These materials are not only energy-efficient but also offer improved thermal and acoustic properties. The growing trend toward green building solutions and sustainable construction practices in South Korea is expected to drive the market for LBAs even further.
The packaging industry also contributes to the demand for liquid blowing agents, especially in the production of foamed packaging materials. These materials are not only lightweight and cost-effective but also offer enhanced protection for goods during transportation. As consumer preferences shift towards eco-friendly and recyclable packaging, LBAs have emerged as a viable solution for manufacturers looking to meet sustainability goals.
Moreover, the electronics industry benefits from LBAs for producing components like lightweight enclosures and casings. The demand for smaller and more efficient devices, coupled with the need to reduce energy consumption, has made LBAs a preferred choice in the production of foamed electronic parts.
The South Korea Liquid Blowing Agent Market is also witnessing increased technological advancements, including the development of more environmentally friendly blowing agents. As manufacturers prioritize sustainability, the market is likely to experience continuous growth, driven by both domestic and international demand.
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Honeywell
BASF
Dow
AGC
Clariant
Kumyang
Sanmei
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 South Korea Liquid Blowing Agent Market
Hydrocarbons
Halocarbon Blowing Agents
Water-Based Blowing Agents
Food-Grade Blowing Agents
Other Chemical Blowing Agents
PUR (Polyurethane) Foams
PS (Polystyrene) Foams
PVC (Polyvinyl Chloride) Foams
Other Polymer Foams
Advanced Packaging Materials
Construction
Automotive
Consumer Electronics
Healthcare
Food & Beverage
Pre-formed Blowing Agents
Reactive Blowing Agents
Physical Blowing Agents
Bio-based Blowing Agents
Synthetic Blowing Agents
Direct Sales
Distributors
Online Sales
Retailers
Wholesale Suppliers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Liquid Blowing Agent 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. South Korea Liquid Blowing Agent Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Liquid Blowing Agent Market, By Type
6. South Korea Liquid Blowing Agent Market, By Application
7. South Korea Liquid Blowing Agent Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Liquid Blowing Agent Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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