Global Polyurethane Foam Blowing Agents Market was valued at USD 0.80 Billion in 2022 and is projected to reach USD 1.20 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The global polyurethane foam blowing agents market has witnessed significant growth over the past decade, driven by a variety of applications in industries such as automotive, construction, packaging, and furniture. Polyurethane foam is widely used for its insulating properties, lightweight nature, and versatility in production. Blowing agents, which create the cellular structure of foam, play a crucial role in improving foam quality and performance. As industries strive to meet increasingly stringent environmental standards, the demand for eco-friendly and sustainable blowing agents has surged, further fueling market expansion.
The most commonly used blowing agents include chlorofluorocarbons (CFCs), hydrochlorofluorocarbons (HCFCs), and more recently, hydrofluoroolefins (HFOs) and carbon dioxide (CO2). These alternatives have been developed to meet the rising concern over global warming potential (GWP) and ozone depletion. Many industries are shifting toward non-ozone-depleting agents like HFOs and CO2, which provide an effective solution while minimizing environmental impact. This transition is expected to continue as companies invest in research and development to create more efficient, low-GWP options.
Regional markets show varying trends in adoption. In North America and Europe, stringent regulations have prompted manufacturers to adopt green blowing agents, with the U.S. and Germany leading the way. In emerging markets, such as India and China, the polyurethane foam market continues to expand rapidly, with increasing construction and automotive sectors driving growth. Additionally, the rising demand for energy-efficient insulation solutions is expected to further propel the polyurethane foam blowing agents market in these regions.
The polyurethane foam blowing agents market is set for continued expansion, driven by the ongoing need for energy-efficient materials and sustainable manufacturing processes. Companies that invest in the development of innovative and environmentally friendly blowing agents will be well-positioned to capitalize on this growth trend.
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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. 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 Global Polyurethane Foam Blowing Agents Market
Building
Gardening
Sound Insulation
Hutch Defends
Other
Based on Types the Market is categorized into Below types that held the largest Polyurethane Foam Blowing Agents market share In 2023.
Hydrocarbons (HC)
Hydroflurocarbon (HFC)
Hydrochlorofluorocarbons (HCFC)
Hydrofluorocarbon (HFO)
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)
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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
Global
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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