2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Major Innovations Are Driving the Accelerated Growth of the Foam Blowing Agents Market?

The anticipated surge in foam blowing agent demand in the consumer appliance sector is predicted to foster the foam blowing agent market’s growth. Foam blowing agents, which form cellular structures in a multitude of materials undergoing hardening or phase transition like plastics, polymers, and metals, are in high demand due to their excellent shock-absorbing characteristics. These agents are extensively applied in refrigerators and various other consumer appliances like air conditioners, water heaters, and more household goods. The Energy Information Administration (EIA), a leading agency of the U.S. Federal Statistical System, predicts that the number of air conditioners in buildings worldwide will rise from the current 1.6 billion to 5.6 billion by 2050. This implies that every second for the next three decades, 10 new air conditioners will be sold. Hence, the increasing demand in the consumer appliances sector is accelerating the growth of the foam blowing agents market.

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#How Does the ProjectedFoam Blowing Agents Market Growth Compare Over the Forecast Period?

The market for foam blowing agents has seen substantial growth in recent periods. The industry, which was worth $1.66 billion in 2024, is set to increase to $1.76 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. Reasons for the impressive growth during the historic period include surging demand for polyurethane foam, regulations related to energy efficiency, expansion of the construction sector, customer preferences for lightweight materials, and governmental policies promoting green buildings.

Anticipations show a significant rise in the market size of foam blowing agents in the upcoming years, with predictions showing a growth rate to $2.28 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 6.8%. This predicted expansion during the forecasted duration is due to various factors such as an increase in the need for products with high energy efficiency, growth in the cold chain logistics, an emphasis on fire safety within the construction sector, a rise in e-commerce packaging, and swift urbanization within burgeoning countries. Key trends observed during the forecast period includes advancements in the compositions of blowing agents, the use of closed-cell foam as insulation, contemplations on the end-of-life product stages, recycling efforts, partnerships and cooperatives for further research and development, and technological advancements in foam manufacturing.

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What Are the Most Significant Market Trends Transforming theFoam Blowing Agents Market?

Leading companies in the foam blowing agent market are focusing on strategic partnerships to expand the production capacity of insulation foam blowing agents, such as hydro-fluoro olefin 1233zd, in a bid to maintain their market position. Hydrofluoroolefin (HFO) 1233zd is a type of refrigerant that is part of the hydrofluoroolefin chemical group, and is specifically referred to as trans-1-chloro-3,3,3-trifluoropropene. For example, in October 2022, the French multinational chemical industry firm, Arkema, collaborated with the Chinese technology firm, Aofan, to enhance the supply of Forane 1233ZD. This is a low-global warming potential (GWP) blowing agent utilized in the manufacture of polyurethane foam insulation. They also revealed plans to boost the production capability of the insulation foam blowing agent, hydro-fluoro olefin 1233zd, in China and the US.

What Are the Top Market Players Propelling the Growth of theFoam Blowing Agents Industry?

Major companies operating in the foam blowing agents market include Arkema S.A., Honeywell International Inc., Exxon Mobil Corporation, E.I. Du Pont De Nemours & Company, Daikin Industries Ltd., Sinochem Group, Solvay S.A., Zeon Corporation Ltd., Linde Group, The Chemours Company, Foam Supplies Inc., Harp International Ltd., HCS Group GmbH, Haltermann Gmbh, Solstice Performance Fluid, AGC Chemicals Americas Inc., Nouryon, Saudi Basic Industries Corp., Tosoh Corporation, AkzoNobel N.V., Evonik Industries AG, Clariant AG, Eiwa Chemical Industry Co. Ltd., Sinochem Lantian Co. Ltd., Lanxess, Huntsman International LLC, INEOS Group Holdings S.A.

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Which Primary Segments of the Foam Blowing Agents Market Are Driving Growth and Industry Transformations?

The foam blowing agents market covered in this report 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

Subsegments:

1) By Hydrocarbons (HCs): Pentane, Butane, Isobutane

2) By Hydrofluoroolefin (HFO): HFO-1234yf, HFO-1234ze

3) By Hydrofluorocarbons (HFCs): HFC-134a, HFC-152a, HFC-245fa

4) By Other Product Types: Carbon Dioxide (CO2), Nitrous Oxide (N2O), Water-Based Blowing Agents

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https://www.thebusinessresearchcompany.com/customise?id=9066&type=smpGlobal Foam Blowing Agents Market, Global Foam Blowing Agents Market Report, Global Foam Blowing Agents Market Trends, Global Foam Blowing Agents Market Size

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