Foam Blowing Agents Market Size & Share 2016 - 2024

Market Size by Product (Hydrocarbons, Hydrofluorocarbons [HFC], Hydrochlorofluorocarbons [HCFC]), by Application (Polyurethane, Polystyrene, Polyolefin), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, & Forecast.
Report ID: GMI1123
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Published Date: January 2017
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Report Format: PDF

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Foam Blowing Agents Market Size

Foam Blowing Agents Market size was valued at over USD 600 million for 2015 and will grow at over 7% CAGR through 2024. Increasing foam usage in the construction industry is likely to bolster the market during the forecast period.
 

Flourishing polystyrene, polyurethane, and other product-based foam businesses are driving the foam blowing agents market. Foam blowing agents find applications in polymeric foam manufacturing to enhance the desired foam properties. The demand for polymeric foam is increasing due to its usage in the construction and appliances industry.
 

Foam Blowing Agents Market Outlook

The construction sector has witnessed a moderate growth in the past five years and is likely to grow significantly in the next few years. The global population growth and a rise in average disposable incomes have further boosted the construction industry in Vietnam, China, India, Malaysia, and Indonesia. Polymeric foams are extensively used in building and construction sectors.
 

Improved living standards and rise in purchase power parity have developed flooring and furnishing industry in recent years. The booming hospitality sector is demanding an exceptional quality of flooring material and aesthetically sound furnishing. Polymeric foams are used in flooring and furnishing for shock absorption and to give a high-quality aesthetic appearance. The foam blowing agents market will witness a promising growth in the flooring and furnishing industry owing to the increasing adoption of polymeric foams.
 

Polymeric foams have applications in the medical devices and packaging sector and other emerging applications. Technological advancements and rapid medical industry growth have boosted the demand for medical devices. An increase in the global trade has stimulated the need for safe and reliable packing of products for their transit. Packaging is mostly done using foam-based polymers owing to their shock absorbing nature. Thus, the growth in medical devices and packaging business is contributing to the foam blowing agents market growth.
 

Foam Blowing Agents Market Analysis

The hydrocarbons segment accounts for more than one half of the foam blowing agents market volume and is likely to maintain its share over the forecast period. The hydrocarbons segment was valued at over USD 200 million in 2015 and will expand at over 7% CAGR. Hydrocarbons are widely used in polyurethane foam in varied end-user industries such as automotive, appliances, construction, flooring, furnishing, etc.
 

Others segment including azodicarbonamide, inert gases, methyl formate, methylal, and water is likely to expand at more than 9% CAGR and contributes to over 15% in the foam blowing agents market share. Although a smaller segment in terms of market share, the collective growth of the segment is significant.
 

Foam Blowing Agents Market by Application

Foam blowing agents have major applications in polyurethane foams. Polyurethane foams are used in industries such as automotive, construction, flooring, furnishing, medical devices, and packaging. Rapid industrialization coupled with infrastructural development has boosted the construction industry globally. Moreover, improved living standards and disposable incomes have boosted the hospitality industry, such as hotels, malls, and spas, driving the construction industry.
 

Germany established the automobile business and increased the high-end luxury car demand in India, Japan, and Korea. There is a rise in the adoption of medical devices owing to the developing healthcare industry in Europe. Rising demand for enhanced healthcare and medical devices in the U.S will drive the foam blowing agents market in the region.
 

Asia Pacific accounts for nearly half of the foam blowing agents market consumption globally. Booming infrastructural development has led to an increase in the construction industry in this region, majorly led by India, South Korea, Thailand, and Vietnam. Rapid industrialization and technological advancements in this region have contributed significantly to the foam blowing agents end user industries such as automotive, packaging, and medical devices.
 

North America will depict a positive outlook in foam blowing agents market owing to its global presence in the pharmaceutical sector and food packaging industry. Europe is at a relatively nascent stage in this industry and accounts for approximately 15% of the revenue generation. Europe’s growth is attributed to its ever-increasing automobile industry, frozen food packaging, etc. Polyurethane foam is used in automobile interiors such as seats, steering wheels, door panels, etc. Growing automobile industry will thus boost the market majorly in Asia Pacific and Europe.
 

Foam Blowing Agents Market Share

The global foam blowing agents industry is consolidated in nature and is concentrated between a few key manufacturers globally. The major players in the market are

  • Sinochem Group
  • AkzoNobel N.V.
  • ZEON Corporation
  • Haltermann GmbH
  • Daikin Industries Ltd.
  • Honeywell
  • Arkema S.A.
  • Solvay S.A.
  • DuPont
  • Exxon Mobil Corporation

A major chunk of the market share is consolidated between these key players.
 

Industry Background

Foam blowing agents have become essential ingredients used in foam substrates, providing cellular structure to materials. Foaming of polymer provides advantages such as thermal and acoustic insulation, reduction in the final product weight, and less material usage. Further, foam blowing agents have an opportunity to be used in various environmentally friendly products such as methyl formate, HFOs, and methylal. Moreover, there has been a revolution in foam blowing agents market through the introduction of low Global Warming Potential (GWP), zero Ozone Potential Depletion (OPD), non-toxic and non-flammable foam blowing agents.
 

Foam blowing agents market report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD from 2013 to 2024, for the following segments:

By Product

  • Hydrocarbons
  • Hydrofluorocarbons
  • Hydrochlorofluorocarbons
  • Others

By Applications

  • Polyurethane
  • Polystyrene
  • Polyolefin
  • Others

The above information has been provided for the following regions and countries:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • GCC

 

Authors: Kiran Pulidindi, Kunal Ahuja
Foam Blowing Agents Market Scope
  • Foam Blowing Agents Market Size
  • Foam Blowing Agents Market Trends
  • Foam Blowing Agents Market Analysis
  • Foam Blowing Agents Market Share

Report Content

Chapter 1    Methodology & Scope

1.1     Research Methodology

1.1.1    Initial data exploration

1.1.2    Statistical modeling and forecast

1.1.3    Industry insights and validation

1.1.4    Research scope & assumptions

1.2    Data Sources

1.2.1    Primary

1.2.2    Secondary

Chapter 2    Executive Summary

2.1     Foam blowing agents industry 3600 synopsis, 2013 – 2024

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Product trends

2.1.4    Application trends

Chapter 3  Foam Blowing Agents Industry Insights

3.1   Industry segmentation

3.2   Industry growth forecast, 2013 - 2024

3.3   Industry ecosystem analysis

3.3.1    Vendor matrix

3.3.2    Distribution channel analysis

3.4   Industry impact forces

3.4.1    Growth drivers

3.4.1.1    Robust growth in automobile and aerospace industry

3.4.1.2    Increasing product demand in Asia Pacific

3.4.2    Industry pitfalls and challenges

3.4.2.1    Government regulations and replacement of metalworking process

3.5   Growth potential analysis

3.6   Porter’s analysis

3.7   Company market share analysis, 2015

3.7.1    Strategic landscape

3.8   PESTEL analysis

3.9   Foam blowing agents price trends

3.9.1    Cost structure

3.9.2    Raw material analysis

3.10   Regulatory landscape

3.10.1    U.S

3.10.2    Europe

3.10.3    China

Chapter 4    Foam Blowing Agents Product Insights

4.1    Foam blowing agents market share by product, 2015 & 2024

4.2    Hydrocarbons

4.2.1    Global market estimates and forecast, 2013 - 2024

4.2.2    Global market estimates and forecast, by region, 2013 - 2024

4.3    Hydrofluorocarbons

4.3.1    Global market estimates and forecast, 2013 - 2024

4.3.2    Global market estimates and forecast, by region, 2013 – 2024

4.4    Hydroclorofluorocarbons

4.4.1    Global market estimates and forecast, 2013 - 2024

4.4.2    Global market estimates and forecast, by region, 2013 – 2024

4.5    Others

4.5.1    Global market estimates and forecast, 2013 - 2024

4.5.2    Global market estimates and forecast, by region, 2013 - 2024

Chapter 5  Foam Blowing Agents Applications Insights

5.1   Foam blowing agents market share by product, 2015 & 2024

5.2   Polyurethane

5.2.1    Global market estimates and forecast, 2013 - 2024

5.2.2    Global market estimates and forecast, by region, 2013 - 2024

5.3   Polystyrene

5.3.1    Global market estimates and forecast, 2013 - 2024

5.3.2    Global market estimates and forecast, by region, 2013 – 2024

5.5   Polyolefins

5.5.1    Global market estimates and forecast, 2013 - 2024

5.5.2    Global market estimates and forecast, by region, 2013 – 2024

5.6   Others

5.6.1    Global market estimates and forecast, 2013 - 2024

5.6.2    Global market estimates and forecast, by region, 2013 - 2024

Chapter 6    Foam Blowing Agents Regional Insights

6.1     Foam blowing agents market share by region, 2015 & 2024

6.2     North America

6.2.1   Market estimates and forecast, 2013 – 2024 (Kilo Tons) (USD Million)

6.2.2   Market estimates by product, 2013 - 2024

6.2.3   Market estimates by end user, 2013 - 2024

6.2.4   U.S.

6.2.4.1    U.S market estimates and forecast, 2013 - 2024

6.2.4.2    U.S. market estimates by product, 2013 - 2024

6.2.4.3    U.S. market estimates by end user, 2013 - 2024

6.2.5   Canada

6.2.5.1    Canada market estimates and forecast, 2013 - 2024

6.2.5.2    Canada market estimates by product, 2013 - 2024

6.2.5.3    Canada market estimates by end user, 2013 - 2024

6.3     Europe

6.3.1   Europe market estimates and forecast, 2013 - 2024

6.3.2   Europe market estimates by product, 2013 - 2024

6.3.3   Europe market estimates by end user, 2013 - 2024

6.3.4   Germany

6.3.4.1    Germany market estimates and forecast, 2013 - 2024

6.3.4.2    Germany market estimates by product, 2013 - 2024

6.3.4.3    Germany market estimates by end user, 2013 - 2024

6.3.5   UK

6.3.5.1    UK market estimates and forecast, 2013 - 2024

6.3.5.2    UK market estimates by product, 2013 - 2024

6.3.5.3    UK market estimates by end user, 2013 – 2024

6.3.6   France

6.3.6.1    France market estimates and forecast, 2013 - 2024

6.3.6.2    France market estimates by product, 2013 - 2024

6.3.6.3    France market estimates by end user, 2013 - 2024

6.3.7   Spain

6.3.7.1    Spain market estimates and forecast, 2013 - 2024

6.3.7.2    Spain market estimates by product, 2013 - 2024

6.3.7.3    Spain market estimates by end user, 2013 - 2024

6.3.8   Italy

6.3.8.1    Italy market estimates and forecast, 2013 - 2024

6.3.8.2    Italy market estimates by product, 2013 - 2024

6.3.8.3    Italy market estimates by end user, 2013 – 2024

6.4     Asia Pacific

6.4.1   Asia Pacific market estimates and forecast, 2013 - 2024

6.4.2   Asia Pacific market estimates by product, 2013 - 2024

6.4.3   Asia Pacific market estimates by end user, 2013 - 2024

6.4.4   China

6.4.4.1    China market estimates and forecast, 2013 - 2024

6.4.4.2    China market estimates by product, 2013 - 2024

6.4.4.3    China market estimates by end user, 2013 - 2024

6.4.5   Japan

6.4.5.1    Japan market estimates and forecast, 2013 - 2024

6.4.5.2    Japan market estimates by product, 2013 - 2024

6.4.5.3    Japan market estimates by end user, 2013 - 2024

6.4.6   India

6.4.6.1    India market estimates and forecast, 2013 - 2024

6.4.6.2    India market estimates by product, 2013 - 2024

6.4.6.3    India market estimates by end user, 2013 – 2024

6.4.7   Australia

6.4.7.1    Australia market estimates and forecast, 2013 - 2024

6.4.7.2    Australia market estimates by product, 2013 - 2024

6.4.7.3    Australia market estimates by end user, 2013 – 2024

6.4.8   Indonesia

6.4.8.1    Indonesia market estimates and forecast, 2013 - 2024

6.4.8.2    Indonesia market estimates by product, 2013 - 2024

6.4.8.3    Indonesia market estimates by end user, 2013 – 2024

6.4.9   Malaysia

6.4.9.1    Malaysia market estimates and forecast, 2013 - 2024

6.4.9.2    Malaysia market estimates by product, 2013 - 2024

6.4.9.3    Malaysia market estimates by end user, 2013 – 2024

6.5     Latin America (LATAM)

6.5.1   Latin America market estimates and forecast, 2013 - 2024

6.5.2   Latin America market estimates by product, 2013 - 2024

6.5.3   Latin America market estimates by end user, 2013 - 2024

6.5.4   Brazil

6.5.4.1    Brazil market estimates and forecast, 2013 - 2024

6.5.4.2    Brazil market estimates by product, 2013 - 2024

6.5.4.3    Brazil market estimates by end user, 2013 - 2024

6.5.5   Mexico

6.5.5.1    Mexico market estimates and forecast, 2013 - 2024

6.5.5.2    Mexico market estimates by product, 2013 - 2024

6.5.5.3    Mexico market estimates by end user, 2013 - 2024

6.6     Middle East & Africa (MEA)

6.6.1   MEA market estimates and forecast, 2013 - 2024

6.6.2   MEA market estimates by product, 2013 - 2024

6.6.3   MEA market estimates by end user, 2013 – 2024

6.6.4   South Africa

6.6.4.1    South Africa market estimates and forecast, 2013 - 2024

6.6.4.2    South Africa market estimates by product, 2013 - 2024

6.6.4.3    South Africa market estimates by end user, 2013 - 2024

6.6.5   GCC

6.6.5.1    GCC market estimates and forecast, 2013 - 2024

6.6.5.2    GCC market estimates by product, 2013 - 2024

6.6.5.3    GCC market estimates by end user, 2013 – 2024

Chapter 7   Company Profiles

7.1   Sinochem Group

7.1.1   Business Overview

7.1.2   Financial Data

7.1.3   Product Landscape

7.1.4   Strategic Outlook

7.2   AkzoNobel N.V.

7.2.1   Business Overview

7.2.2   Financial Data

7.2.3   Product Landscape

7.2.4   Strategic Outlook

7.3   ZEON Corporation

7.3.1   Business Overview

7.3.2   Financial Data

7.3.3   Product Landscape

7.4   Haltermann GmBH

7.4.1   Business Overview

7.4.2   Financial Data

7.4.3   Product Landscape

7.4.4   Strategic Outlook

7.5   Daikin Industries Ltd

7.5.1   Business Overview

7.5.2   Financial Data

7.5.3   Product Landscape

7.5.4   Strategic Outlook

7.6   Honeywell International Inc.

7.6.1   Business Overview

7.6.2   Financial Data

7.6.3   Product Landscape

7.6.4   Strategic Outlook

7.7   Arkema S.A.

7.7.1   Business Overview

7.7.2   Financial Data

7.7.3   Product Landscape

7.7.4   Strategic Outlook

7.8   Solvay S.A.

7.8.1   Business Overview

7.8.2   Financial Data

7.8.3   Product Landscape

7.8.4   Strategic Outlook

7.9   E. I. du Pont de Nemours and Company

7.9.1   Business Overview

7.9.2   Financial Data

7.9.3   Product Landscape

7.9.4   Strategic Outlook

7.10   Exxon Mobil Corporation

7.10.1    Business Overview

7.10.2    Financial Data

7.10.3    Product Landscape

7.10.4    Strategic Outlook

Authors: Kiran Pulidindi, Kunal Ahuja

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Premium Report Details

Base Year: 2015

Companies covered: 10

Tables & Figures: 157

Countries covered: 17

Pages: 110

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