A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Blowing
Agents
market. The study,
titled “Blowing
Agents Market - Global Industry Analysis, Market Size, Share, Trends,
Analysis, Growth and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Blowing
Agents Market: Overview
Blowing
agents are widely used as additives in the polymeric foam industry.
They are used as a part of the production process mainly to lend
certain desired properties to polymeric foam. The importance of
blowing agents is steadily rising for companies as the demand for
low-cost foam products rises.
Blowing
agents play a crucial role by helping to induce a specific cellular
structure to the foamed material. This helps reduce the density of
the foam, improve its acoustic and thermal insulation abilities, and
also improve the relative toughness of the original material. Blowing
agents can lend the desired characteristics to a myriad of materials.
These characteristics could range from light-weighting, heat
insulation, and sound absorbency to elasticity, permeability,
electrical insulation and shock absorbency.
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One
of the most widely used blowing agents were chloro fluoro carbons
(CFC’s). However, they were phased out because of their harmful
effects on the ozone layer. While developing new products with
similar or better functionality than CFC’s, players have to face
several challenges such as the impact of the products on the
environment and getting suppliers who can supply them with the
requisite materials seamlessly among others.
Blowing
Agents Market: Growth Enablers
Increasing
demand for polymeric foams, especially polyurethane foams, owing to
rapid development in their end-user industries such as construction
and appliances is driving the demand for blowing agents.
Additionally, high growth of end use industries in Asia Pacific is
anticipated to further fuel the demand for blowing agents. However,
stringent environmental regulations regarding chemicals used as
blowing agents might hamper the growth. Development of new
environment friendly biobased products for utility as blowing agents
might bring future prospective opportunities for market growth.
Blowing
Agents Market: Segmentation
The
major types of blowing agents that find use in the industry are:
Hydrocarbons (HCs), hydro-chloro-fluoro-carbons (HCFCs), and
hydro-fluoro-carbons (HFCs). Of these, hydrocarbons currently stand
as the dominant product segment. Among hydrocarbons, butanes and
pentanes are the most common blowing agents used. HCFCs have been
gradually phased out in industrialized nations. In many other
developing regions as well, HCFCs are being phased out gradually
because of their reported adverse effects such as Ozone Depletion
Potential (ODP) and Global Warming Potential (GWP). This has in turn
led several companies to develop and launch alternative blowing
agents that are environment friendly.
Among
the key foams that see the utilization of such blowing agents are:
Polyurethane foam, polystyrene foam, phenolic foam, and polyolefin
foam. The polyurethane foam industry makes use of all types of
blowing agents and as a result, holds a major share in the market.
Owing to its wide range of applications in chemicals, construction
and automotive industries, demand for polyurethane products is rising
at a high growth rate, which, eventually, generates demand for
blowing agents.
Blowing
Agents Market: Region-wise Outlook
Currently,
Asia Pacific is estimated to be the largest market for blowing agents
worldwide. It is also the fastest growing blowing agents market. The
region consumed well over 50% of the blowing agents produced
worldwide. It stands as one of the leading consumers of foam
insulated products. China is among the top blowing agent consumers in
Asia Pacific. Moreover, other Asian countries such as India and South
Korea also generate considerable for blowing agents thanks to high
industrial production levels. Mature markets in North America and
Europe are expected to witness a relatively slower growth in demand
for blowing agents. Additionally, these regions are at the forefront
of the initiatives taken towards sustainable growth practices to
protect the environment.
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Market Research Report with ToC & Free Analysis :
The
market place is dominated by a few global players with major market
share. However there are a large number of small and medium sized
players, especially in Asia Pacific, competing for the market share
with aggressive pricing schemes. Leading manufacturers in the blowing
agents market include E. I. DuPont de Nemours and Company, Arkema SA,
Haltermann GmbH, Foam Supplies Inc, Solvay SA and Honeywell
International Ltd.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
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Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
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and analyze information.
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data repository is continuously updated and revised by a team of
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material for business reports.
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