Foam blowing agents are substances that used in the foaming process to expand in matrix and offer cellular structure to substrates, thereby intensifying the flexibility as well as acoustic and thermal insulation of the final product. Drastic increase in demand for polymeric foams across industries, such as automotive, construction, and appliances, along with increased use of foam blowing agents in manufacturing of polyurethane foam is expected to play a major role in driving the growth of the global foam blowing agents market in the future. Polyurethane foam is one of the most commonly used types of polymer foam, which finds wide application in various industries, including electronics, flooring, automotive, construction, packaging, and medical devices.
Foam Blowing Agents Market Taxonomy
On the basis of type, the global market is classified into:
On the basis of application, the global market is classified into:
Foam Blowing Agents Market Outlook – Rising living standards drive the global market growth
Rising living standards of people across the globe consequently contribute towards growth of end-use industries of foam blowing agents. Apart from this, in recent years, increase in purchasing power parity (PPP) has helped in the development of the flooring and furnishing industry, which demands polymeric foams for shock absorption. Thus, increased adoption of polymeric foams is projected to boost the global market growth.
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Major Keyplayers: Arkema S.A., Exxon Mobil Corporation, Daikin Industries, Ltd., ZEON Corporation, Honeywell International Inc., Haltermann GmbH, Harp International Ltd., Sinochem Group, E.I. du Pont de Nemours & Company, and Solvay S.A.
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