Blowing Agent Market 2023 : The blowing agent is a chemical substance that is used in generating a gas to expand rubber, plastics, and ceramics to create foam. Blowing agents are used to impart features such as low weight, heat insulation, sound absorbency, permeability, elasticity, electrical insulation, excellent textures, wood grain, and shock absorbency.

Report Overview

Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Blowing Agent estimated at US$ 1319.3 million in the year 2022, is projected to reach a revised size of US$ 1603 million by 2028, growing at a CAGR of 3.3% during the forecast period 2022-2028.

Hydrofluorocarbons (HFC) is the most-widely used product type of blowing agents. HFCs has currently become a widely accepted blowing agent type as they are eco-friendly since they have low ozone depletion potential (ODP). Also, these are used as a replacement for hydrochlorofluorocarbons (HCFCs) as they are scheduled to phase out by 2030. HCFCs are harmful to the environment and hence are scheduled to phase out. This is driving the manufacturers to use HFCs as a replacement for HCFCs in most of the applications.

Top Key Players:

  • Arkema
  • Daikin Industries
  • ExxonMobil
  • Honeywell
  • The Chemours Company
  • Aeropres
  • Ajanta Group
  • Solvay
  • Dupont
  • Haltermann
  • Foam Supplies
  • HARP International

Blowing Agent Market By Applications

  • Polyurethane Foams
  • Polystyrene Foams
  • Phenolic Foams
  • Polyolefin Foams
  • Others

Blowing Agent Market By Types

  • HCFC
  • HFC
  • HC
  • Others

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