발포제 시장 : 예측(2024-2029년)

The blowing agents market is anticipated to grow at a CAGR of 7.31% during the forecast period (2024-2029).

The Blowing Agents Market, therefore, relates to the market for chemicals used in forming a cellular structure out of materials through foaming. These blowing agents are mostly added when still in a liquid state, and the cells created lower the density of the material while increasing its thermal/acoustic insulation and relative stiffness.

The blowing agents market is increasingly popular due to the development of polymeric insulation foams in construction, automotive, or home appliances companies. Since the development and growth of construction, electronics, and automotive industries in developed countries and in emerging nations in the Asia Pacific region, the requirements for blowing agents utilized in the manufacturing of these foams are presumed to rise. Besides that, the increasing trends in polymeric foams worldwide and the increasing demand for blowing agents in different industries from developing countries are also driving the market of polymeric foams.

• Thus, the key driver of the blowing agents market remains the growth of polymeric insulation foams' demand in the construction, automotive, and appliances sectors. Thus, given the further growth of the construction, electronics, and automotive industries and their focus on the further development of the foam industry in the Asia-Pacific region, which is currently rapidly developing as an emerging market, the demand for blowing agents for these foams should increase. Polymeric foams deliver enhanced thermal and sound insulation and better stiffness, thus acting as key materials for applications that need lightweight and energy-absorbing solutions. Due to intensifying concerns with energy savings in structures and increasing utilization of high-performance insulating materials, construction is driving blowing agent demand in the US market.
• Blowing agents are also consumed in the automotive and electronics industries for their production, and seeing the growth in these industries, especially in the APAC region, the blowing agents market is also growing. High demand for lightweight materials, higher insulation, and higher elasticity required in automotive applications is fueling the use of blowing agents in the manufacturing of automotive components and panels. Likewise, the increasing electronics industry, mainly due to insulations and thermal management requirements, has also helped in the growth of the market. The continuously growing manufacturing of aircraft and the rise in the disposable income of people leading to the construction of larger living and commercial complexes are also contributing to the growth of blowing agents in the Asia-Pacific region.
• It also finds direction from factors such as the innovation in blowing agent technology, especially in producing new formulations that are friendly to the environment. Concerning the environmental factor, the effects arising from the use of blowing agents, which include high GWP and ODP, have been effectively managed by introducing low GWP and zero ODP blowing agents. Blowing agents that are currently employed in the manufacturing process are researched in a bid to incorporate the following characteristics: higher thermal efficiency, greater energy efficiency, and the least ecological impact. For instance, Opteon 1100 blowing agent that belongs to Chemours is characterized by extremely low GWP. It provides improved thermal efficiency to the manufacturers of appliances to achieve the targets of the energy efficiency industry. These technological enhancements increase the blowing agents market due to the availability of better solutions in the different sectors.

BLOWING AGENTS MARKET DRIVERS:

• The hydrochlorofluorocarbons (HCFCs) segment by product type will likely be the fastest-growing segment during the forecast period.

The blowing agents market by product type has been classified into hydrochlorofluorocarbons (HCFCs). This segment is expected to be the fastest-growing blowing agents segment during the forecast period. This growth can be attributed to several factors. This growth can be attributed to several factors:

• Increasing demand for HCFCs in the Asia-Pacific region: The Asia-Pacific sector for HCFC refrigerant is expected to flourish at the fastest rate and is likely to display the strongest compound annual growth rate in the future. An increase in demand from various end-use industries has been identified as the major cause of growth in the region, especially in the emerging Asian markets, especially China and India. These and other factors, such as people's high purchasing power and changing preference for products that use HCFCs, would stimulate demand in this region.
• Rising usage of HCFCs in air conditioning and cooling equipment: Based on the various HCFC refrigerant types, it has been observed that the R-22 refrigerant type will possibly dominate in terms of revenue over the coming time frame. R-22 is an HCFC, which is a group of substances containing hydrogen, chlorine, fluorine, and oxygen used for air conditioning and cooling gadgets. This segment's growth is attributed to the combined usage of R-22 refrigerants in various applications, along with their superior thermodynamic characteristics in terms of refrigeration capacity and COP. High demand for HCFCs in the refrigeration segment. Depending on the application, the global HCFC refrigerant market is divided into refrigeration and air conditioning. Of all these, the refrigerator is anticipated to record the highest level of revenue within the given time frame. It is mainly to do with the increased consumer interest in refrigeration and cooling systems in end-user industries. Second, the pharmaceutical and biotechnology sectors' increased need for refrigerators also plays a significant role in the development of the refrigeration division.

The discovery of new HCFCs with less ozone depletion potential in the manufacturing of insulation foam in many of the Article 5 countries and the HCFC refrigerant market's growth are expected to influence its growth over the forecast period.

Blowing Agents Market Geographical Outlook

• Asia Pacific will dominate the blowing agents market during the forecast period.

The Asia-Pacific region will continue to lead the global blowing agents market by several factors in the coming years. Currently, the Asia-Pacific region, especially countries such as China and India, are in the process of industrialization and urbanization and the development of new infrastructure. This is contributing to the increasing use of blowing agents, especially in the construction and automotive industries. Blowing agents find their application in the Asia-Pacific's construction industry, majorly in thermal insulation materials for buildings and infrastructure. On the same note, the growing automobile manufacturing industry, especially in Asia, due to the rising demand for light materials, higher insulation, and elasticity, has also created the blowing agent market.

The rising use of polymeric insulation foams in the construction, automotive, and appliance sectors can be cited as a major boosting factor in the blowing agents market in the Asia-Pacific region. Polymeric foams have better thermal and acoustic insulation along with better stiffness and hence increase demand for lightweight and low-energy-consuming applications. A move towards energy-efficient buildings and the growing use of high-performance insulation material will continue to drive demand for blowing agents in the Asia-Pacific construction market.

In addition to this, innovations in the manufacturing of improved blowing agents with low GWP and zero ODP also play a key role in extending the blowing agents market in the Asia-Pacific region. Manufacturers are targeting better blowing agents that have improved thermal interchange, better energy efficiency, and harmlessness to the environment, which is reversing the above-mentioned vices of these products.

In addition, the increasing utilization of hydrocarbons and unsaturated HFCs and the large production base of HCFC-blowing agents will further strengthen the regional market during the forecast period.

The blowing agents market key developments:

• As part of the strategic business plan of Arkema in June 2021, expansion of the production capacity of the insulation foam-blowing agent hydro-fluoro olefin 1233zd (HFO-1233zd) has been declared by the company in China and the United States. Particularly, the company has aimed USD 60 million to increase 15 kilotons per year of conversion capacity for the HFO at its plant in Calvert City, Kentucky, United States. Further, this company has a contract with Aofan and will establish an output of 5 kilotons per year in China by 2022.
• Late in November 2020, Nouryon started full-scale production at the Expancel(R) expandable microspheres production site in the US, situated at paper labels, tickets, and other related products. The Nouryon expandable microspheres plant, located in Green Bay, Wisconsin, US, officially went online as the company declared full-scale production of the Expancel(R)RS.

The blowing agents market is segmented and analyzed as follows:

By Product Type

• Hydrochlorofluorocarbons (HCFCs)
• Hydrofluorocarbons (HFCs)
• Hydrocarbons (HCs)
• Hydrofluoroolefin (HFO)
• Other Product Type

By Foam Type

• Polyurethane Foam
• Polystyrene Foam
• Phenolic Foam
• Polypropylene Foam
• Polyethylene Foam
• Other Foam Type

By End-User Industry

• Building and Construction
• Automotive
• Bedding and Furniture
• Appliances
• Packaging
• Other Applications

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Middle East and Africa
• Saudi Arabia
• Saudi Arabia
• United Arab Emirates
• Rest of the Middle East and Africa
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Thailand
• Indonesia
• Rest of Asia-Pacific

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base and Forecast Years Timeline
• 1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Process

3. EXECUTIVE SUMMARY

• 3.1. Key Findings
• 3.2. Analyst View

4. MARKET DYNAMICS

• 4.1. Market Drivers
  • 4.1.1. Rise in Demand for Polymeric Insulation Foams for Buildings, Automotive, and Appliances
  • 4.1.2. Increasing Demand for Foam Blowing Agents in the Manufacturing of Polyurethane Foams
• 4.2. Market Restraints
  • 4.2.1. Stringent Environmental Regulations Regarding Blowing Agents
  • 4.2.2. Threats from Substitutes
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. The Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis

5. BLOWING AGENTS MARKET BY PRODUCT TYPE

• 5.1. Introduction
• 5.2. Hydrochlorofluorocarbons (HCFCs)
• 5.3. Hydrofluorocarbons (HFCs)
• 5.4. Hydrocarbons (HCs)
• 5.5. Hydrofluoroolefin (HFO)
• 5.6. Other Product Type

6. BLOWING AGENTS MARKET BY FOAM TYPE

• 6.1. Introduction
• 6.2. Polyurethane Foam
• 6.3. Polystyrene Foam
• 6.4. Phenolic Foam
• 6.5. Polypropylene Foam
• 6.6. Polyethylene Foam
• 6.7. Other Foam Type

7. BLOWING AGENTS MARKET BY END-USER INDUSTRY

• 7.1. Introduction
• 7.2. Building and Construction
• 7.3. Automotive
• 7.4. Bedding and Furniture
• 7.5. Appliances
• 7.6. Packaging
• 7.7. Other Applications

8. BLOWING AGENTS MARKET BY GEOGRAPHY

• 8.1. Global Overview
• 8.2. North America
  • 8.2.1. United States
  • 8.2.2. Canada
  • 8.2.3. Mexico
• 8.3. South America
  • 8.3.1. Brazil
  • 8.3.2. Argentina
  • 8.3.3. Rest of South America
• 8.4. Europe
  • 8.4.1. United Kingdom
  • 8.4.2. Germany
  • 8.4.3. France
  • 8.4.4. Italy
  • 8.4.5. Spain
  • 8.4.6. Rest of Europe
• 8.5. Middle East and Africa
  • 8.5.1. Saudi Arabia
  • 8.5.2. United Arab Emirates
  • 8.5.3. Rest of the Middle East and Africa
• 8.6. Asia-Pacific
  • 8.6.1. China
  • 8.6.2. India
  • 8.6.3. Japan
  • 8.6.4. South Korea
  • 8.6.5. Taiwan
  • 8.6.6. Thailand
  • 8.6.7. Indonesia
  • 8.6.8. Rest of Asia-Pacific

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 9.1. Major Players and Strategy Analysis
• 9.2. Market Share Analysis
• 9.3. Mergers, Acquisitions, Agreements, and Collaborations
• 9.4. Competitive Dashboard

10. COMPANY PROFILES

• 10.1. A-Gas
• 10.2. Americhem
• 10.3. Arkema
• 10.4. Form Supplies Inc. (FSI)
• 10.5. Harp International Ltd
• 10.6. HCS Group GmbH
• 10.7. Honeywell International Inc.
• 10.8. Huntsman International LLC
• 10.9. Lanxess
• 10.10. Nouryon
• 10.11. Sinochem Group Co. Ltd
• 10.12. Solvay
• 10.13. The Chemours Company
• 10.14. The Linde GroupZeon Corporation