The Foam Blowing Agents Global Market Report 2023, provides comprehensive information on the foam blowing agents market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global foam blowing agents market is poised for substantial growth, with its size projected to surge from $1.49 billion in 2022 to $1.59 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 6.2%. However, it is essential to acknowledge the multifaceted external factors impacting this trajectory, notably the Russia-Ukraine war, which has cast a shadow over global economic recovery in the wake of the COVID-19 pandemic, especially in the short term.
The conflict between Russia and Ukraine has reverberated worldwide, unleashing a chain reaction of economic sanctions imposed on multiple nations, a consequential upsurge in commodity prices, and a concomitant disruption of global supply chains. This, in turn, has precipitated a widespread inflationary impact across a spectrum of goods and services, thereby significantly impacting various markets on a global scale. Nevertheless, the global foam blowing agents market is poised to continue its growth, with a forecasted size of $1.95 billion in 2027, steered by a CAGR of 5.3%.
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One salient trend steering the foam blowing agent market towards prosperity is the burgeoning emphasis on product innovation. Eminent players in the foam blowing agents sector are dedicating their efforts to pioneering novel products aimed at fortifying their market presence. As a testament to this, Nouryon, a Netherlands-based specialty chemicals company, introduced a groundbreaking product in November 2020: Expancel expandable microspheres tailored explicitly for deployment in thin coating applications.
These expandable microspheres assume a dual role as fillers and blowing agents, facilitating weight reduction and overall cost savings. The novel Expancel Extra Small Microsphere (XSMS) range offers distinct advantages in the realm of specialty thin coating applications. It not only enhances the printability of thermal paper-based items such as tickets, receipts, and labels but also serves as a valuable asset in the realm of authentic and synthetic leather, enhancing texture and appearance without compromising volume. This innovative product exemplifies the commitment of key industry players to advancing technology and enhancing product offerings to meet evolving market demands.
The foam blowing agents market is segmented:
1) By Product Type: Hydrocarbons (HCs), Hydrofluoroolefin (HFO), Hydrofluorocarbons (HFCs), Other Product Types
2) By Foam Type: Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polypropylene Foam, Polyethylene Foam, Other Foam Types
3) By Application: Building and Construction, Automotive, Bedding and Furniture, Appliances, Packaging, Other Applications
Top 5 Major Players:
- Arkema S.A
- Honeywell International Inc.
- Exxon Mobil Corporation
- E.I. Du Pont De Nemours & Company
- Daikin Industries Ltd
Asia-Pacific was the largest region in the foam blowing agents market in 2022.
Table of contents :
1. Executive Summary
2. Foam Blowing Agents Market Characteristics
3. Foam Blowing Agents Market Trends And Strategies
4. Foam Blowing Agents Market – Macro Economic Scenario
5. Foam Blowing Agents Market Size And Growth
…..
26. Africa Foam Blowing Agents Market
27. Foam Blowing Agents Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Foam Blowing Agents Market
29. Foam Blowing Agents Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Foam Blowing Agents Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Foam Blowing Agents Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Foam Blowing Agents Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
….
Table 46: Arkema S.A. Financial Performance
Table 47: Honeywell International Inc. Financial Performance
Table 48: Exxon Mobil Corporation Financial Performance
Table 49: E.I. Du Pont De Nemours & Company Financial Performance
Table 50: Daikin Industries Ltd. Financial Performance
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