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Global Blowing Agent Market By Type (HC, HFC, others), By Foam (Polyurethane Foam, Polyolefin Foam, others), By End User (Bedding & Furniture, Building & Construction, others), By Region–Forecast & Opportunities to 2026

Report Description

The global blowing agent market accounted for a value of USD 0.9 billion in 2019. Blowing agent market projected to register growth at a CAGR of 5.8% during forecast period.

COVID-19 has impacted blowing agent market negatively. The demand of foam has been declined immensely due to corona virus. The workforce availability has been reduced and the supply chain was disrupted due to travel restriction. The operating capacity of facility is also reduced. The export and import of foam is also affected due to international border closer. The demand of foam has been declined across various end-use industry such as electronics, marine, furnishing, packaging, building & construction, automotive and appliances. This lead to huge decline in blowing agent market.

Definition:

Blowing agents can be defined as cellular substance which is being used for forming cellular structures through a foaming process in different materials. Materials such as polymers, metals and plastics can undergo phase transition and hardening, in such materials blowing agents are used. The liquid is required of these materials to be blown.

Market Dynamics (Drivers/Opportunities):

The demand from packaging has been increasing for the polymer foam market rapidly across the world. The polymer foam application is increasing across various industries such as electronics, marine, furnishing, packaging, building & construction and automotive. This is likely to drive growth in this segment during forecast period.

The polymer foam market is directly linked to blowing agent market. The rise in polymer foam will lead to rise in blowing agent market. The large scale adoption of different types of foam across various industries worldwide has driven growth in blowing agent across the world.

Market Insights, by Type

On the basis of type, the blowing agent market is segmented into HC, HFC, HCFC and others. The HC segment is estimated to hold largest market share during forecast period. HC blowing agent is used in different foam applications because of its properties such as low ODP and GWP etc. The wide adoption of oxygenated hydrocarbons like methyl formate in polystyrene and integral skin foams applications. This is likely to drive growth in HC segment of blowing agent market during forecast period.

Market Insights, by Foam

On the basis of foam, the blowing agent market is segmented into polyurethane foam, polyolefin foam, polystryne foam, phenolin foam and others. The polyurethane foam is estimated to hold highest market share during forecast period. Polyurethane foam is widely used in various applications such as transport systems, household applications and thermal insulations in buildings etc. It is widely adopted for carpet backing, seating, electronic, dash panel and bedding etc. The high demand of such foam is likely to drive growth in this segment during forecast period.

Market Insights, by Application

On the basis of application, the blowing agent market is segmented into automotive, appliances, bedding & furniture, building & construction, packaging and other applications. The building & construction segment is estimated to register highest growth during forecast period. The blowing agents are environmentally acceptable as they consist of various properties such as non ozone depleting, reduced energy consumption and low global warming potential and they are very convenient and helps in creating uniform components, tighter insulation and they consume limited energy for the construction and building purposes. This is likely to drive growth in this segment in blowing agents market during forecast period.

Regional Insights

Asia-Pacific region is estimated to register growth at highest CAGR during forecast period. The demand of foam across this region is increasing rapidly due to which the blowing agent market is growing significantly. The countries such as India, Japan, South-Korea, Thailand and China are the major contributors among which the China is the largest consumer of blowing agents and it is considered as the base of various blowing agents such as HCFC blowing agents. The increase in adoption of foam leads to rise in blowing agent market during forecast period.

Key Companies & Market Share Insights

The key market players in blowing agents market are Solvay SA, Honeywell International, Arkema SA, Exxon Mobil Corporation, Linde PLC, Daikin Industries, The Chemours Company, Haltermann Carless, Harp International Ltd, Foam suppliers, Nouryon, Lambiotte, Scharr CPC, Sinochem Group and Ineos.

Segments Covered in the Report

This report forecasts The Global Blowing Agent Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global Automotive Brake System market report on the basis of type, foam, and application

Blowing Agents Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  3. Executive Summary
    • Market Snapshot
  4. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Blowing Agents Market, By Type , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • HC
  • HFC
  • HCFC
  • Others
  1. Blowing Agents Market, By Foam, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Polyurethane Foam
  • Polyolefin Foam
  • Polystryne Foam
  • Phenolin Foam
  1. Blowing Agents Market, By End User, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Automotive
  • Appliances
  • Bedding & Furniture
  • Building & Construction
  • Packaging
  • Others
  1. Blowing Agents Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Foam
    • By End-User
    • By Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Foam
      • By End-User
      • By Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Foam
        • By End-User
        • By Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Foam
          • By End-User
          • By Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Foam
            • By End-User
            • By Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Ineos
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Solvay SA
    • Honeywell International
    • Arkema SA
    • Exxon Mobil Corporation
    • Linde PLC
    • Daikin Industries
    • The Chemours Company
    • Haltermann Carless
    • Harp International Ltd
    • Foam suppliers
    • Nouryon
    • Lambiotte
    • Scharr CPC
    • Sinochem Group
  2. Appendix
    • Interrelated Market

 

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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