Global Blowing Agent Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 1 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The global blowing agent market is experiencing significant growth, driven by the rising demand for lightweight materials in industries such as construction, automotive, and packaging. Blowing agents are key ingredients used in manufacturing cellular materials, such as foams, which are widely used for insulation, cushioning, and packaging. As industries push for energy efficiency and cost reduction, the use of blowing agents is expected to skyrocket in the coming years. Experts predict that the market will continue expanding at a steady pace, with a projected CAGR of 5.4% from 2024 to 2030.
Blowing agents are available in various types, including physical, chemical, and water-based agents. Physical blowing agents, such as CO2 and nitrogen, are widely used in foam production due to their environmental friendliness. Chemical agents, on the other hand, decompose to release gases that create foam during processing. Water-based blowing agents are becoming increasingly popular because they are eco-friendly and offer excellent thermal insulation properties, making them ideal for green building applications.
The demand for blowing agents is especially high in the automotive sector, where lightweight foams are crucial for reducing vehicle weight and improving fuel efficiency. Additionally, in the construction industry, the use of foams for insulation purposes is surging, spurred by the growing emphasis on energy-efficient buildings. Moreover, the packaging industry also relies heavily on blowing agents for producing protective packaging materials that ensure product safety during transport.
Geographically, North America dominates the blowing agent market due to the robust manufacturing industries and a strong emphasis on sustainability. However, the Asia-Pacific region is expected to witness the highest growth rate, driven by rapid industrialization and increasing demand for lightweight and energy-efficient materials in emerging markets such as China and India.
Despite the positive growth prospects, the blowing agent market faces challenges such as stringent environmental regulations and the shift towards more sustainable alternatives. Companies are increasingly investing in the development of new and more efficient blowing agents that have minimal environmental impact. As consumer demand for greener products rises, the market is witnessing a shift towards the adoption of low-global warming potential (GWP) agents, such as hydrofluoroolefins (HFOs) and hydrofluorocarbons (HFCs).
As the global market for blowing agents continues to evolve, key players are actively investing in research and development to innovate and meet the growing demand. The future of the market looks promising, with increased adoption across various industries, and a shift towards more sustainable solutions.
Get an In-Depth Research Analysis of the Global Blowing Agent Market Size And Forecast [2025-2032]
Arkema
Daikin Industries
ExxonMobil
Honeywell
The Chemours Company
Aeropres
Ajanta Group
Solvay
Dupont
Haltermann
Foam Supplies
HARP International
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.
Get Discount On The Purchase of the Global Blowing Agent Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Blowing Agent Market
Polyurethane Foams
Polystyrene Foams
Phenolic Foams
Polyolefin Foams
Others
Based on Types the Market is categorized into Below types that held the largest Blowing Agent market share In 2023.
HCFC
HFC
HC
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, 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)
For More Information or Query, Visit @ Blowing Agent Market Research Analysis
1. Introduction of the Global 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. Global Blowing Agent Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Blowing Agent Market, By Type
6. Global Blowing Agent Market, By Application
7. Global Blowing Agent Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Blowing Agent Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/