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 market for blowing agents used in phenolic foam exhibited a substantial growth trajectory in 2022, with an estimated market size of approximately USD 450 million. This market is anticipated to expand at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. The increasing demand for phenolic foam in construction and insulation applications is a key driver for this growth. Phenolic foam is valued for its excellent thermal insulation properties and fire resistance, making it a preferred choice in various applications including building insulation, automotive components, and industrial processes. The expanding construction sector, driven by urbanization and infrastructure development, particularly in emerging economies, is expected to further fuel the demand for blowing agents in phenolic foam production.
Opportunity analysis indicates significant growth potential in emerging markets such as Asia-Pacific and Latin America. These regions are experiencing rapid industrialization and urban development, which boosts the demand for energy-efficient and fire-resistant materials. The growing awareness of energy conservation and the implementation of stringent building codes are also contributing to the rising adoption of phenolic foam. Additionally, advancements in blowing agent technologies and increased investments in research and development are poised to enhance the performance and cost-effectiveness of blowing agents, creating further opportunities for market expansion. As the market evolves, stakeholders are likely to witness increased opportunities for innovation and growth in both established and developing markets.
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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.
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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)
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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
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