Blowing Agents for Phenolic Foam Market was valued at USD 0.45 Billion in 2022 and is projected to reach USD 0.65 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The global blowing agents for phenolic foam market has witnessed substantial growth from 2018 to 2022. Phenolic foam, with its excellent thermal insulating properties, is widely used in various industries, including construction, automotive, and industrial applications. During this period, demand for phenolic foam experienced a notable increase, driven by rising demand for energy-efficient building materials and stringent regulations aimed at improving building insulation standards. Blowing agents, crucial for the production of phenolic foam, have also evolved in terms of types and application methods to meet the changing market needs. These agents play a critical role in enhancing the foam's performance by affecting its density, thermal conductivity, and mechanical properties.
From 2023 to 2033, the blowing agents for phenolic foam market is expected to see further growth and transformation. The demand for high-quality insulation solutions in the construction sector, along with increasing awareness regarding environmental sustainability, is likely to push the market forward. Over the next decade, trends such as the rise in the adoption of eco-friendly blowing agents and innovations in chemical formulations are expected to dominate. Traditional chlorofluorocarbon (CFC)-based agents are being replaced by more environmentally friendly alternatives, such as hydrofluoroolefins (HFOs) and hydrofluorocarbons (HFCs), due to their lower global warming potential (GWP). This shift is likely to drive the demand for phenolic foam as an alternative to conventional insulation materials.
As building codes become more stringent and energy efficiency remains a priority, phenolic foam is poised to become a preferred insulation material in both residential and commercial construction. As a result, the need for efficient and sustainable blowing agents will continue to rise. Additionally, the automotive industry’s increased focus on fuel efficiency and lightweight materials further augments the demand for phenolic foam products. This scenario opens up lucrative opportunities for blowing agents to innovate and meet the growing demand for eco-friendly and cost-effective solutions.
Get an In-Depth Research Analysis of the Global Blowing Agents for Phenolic Foam Market Size And Forecast [2025-2032]
Arkema
Honeywell International
Solvay
DuPont
ExxonMobil
Haltermann
Otsuka Chemical
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 Agents for Phenolic Foam 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 Agents for Phenolic Foam Market
Insulation Materials in Public and Commeicial Building
Insulation Materials in Water Pipe and Duct
Other Applications
Based on Types the Market is categorized into Below types that held the largest Blowing Agents for Phenolic Foam market share In 2023.
HCFCs
HFCs
Pentanes
Others
Global (United States, Global 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)
For More Information or Query, Visit @ Blowing Agents for Phenolic Foam Market Research Analysis
1. Introduction of the Global Blowing Agents for Phenolic Foam 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 Agents for Phenolic Foam Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Blowing Agents for Phenolic Foam Market, By Type
6. Global Blowing Agents for Phenolic Foam Market, By Application
7. Global Blowing Agents for Phenolic Foam Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Blowing Agents for Phenolic Foam 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/