Market Overview:
The global HFC blowing agent market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for polyurethane foam, polystyrene foam, phenolic foam, and other types of foams in various end-use industries. In terms of volume, the global HFC blowing agent market is projected to reach 2,811 kilotons by 2030. In terms of type, the global HFC blowing agent market has been segmented into polyurethane foam, polystyrene foam, phenolic foam,, and others (polyolefin foams). Polyurethane foams are projected to account for a major share in terms of volume in 2018 and are expected to maintain their dominance during the forecast period as well. This can be attributed to their growing demand from various end-use industries such as automotive industry and appliance industry across regions. Polystyrene foams are also anticipated witness high growth rates due their growing demand from packaging applications across regions. In terms of application area,,the global HFC blowing agent market has been segmented into achitechive,,automobile industry,,appliance industry,.and others (including construction & insulation).
Product Definition:
An HFC blowing agent is a chemical used in the production of polyurethane foam insulation. It is an alternative to traditional blowing agents such as CFCs and HCFCs, which are now being phased out due to their negative environmental effects. HFC blowing agents are effective at displacing air and creating foam, and they have a low global warming potential relative to other greenhouse gases. This makes them a desirable choice for manufacturers looking to reduce their environmental impact.
Polyurethane Foam:
Polyurethane (PU) foam is a closed-cell, flexible, lightweight insulation material that is manufactured by the polymerization process of diisocyanate and polyol compounds. Polyurethane foams are available in various forms including sheets, blocks, pipes & tanks and they can be utilized for thermal insulation as well as soundproofing applications. The product also finds application in transportation & packaging sectors owing to its excellent shock absorption properties along with high durability.
Polystyrene Foam:
Polystyrene (PS) foam is a closed-cell polymeric foam, which is manufactured by the polymerization of styrene. It has a density of 0.14 to 0.19 kg/m³ and can be used in various applications including packaging, insulation, furniture & bedding and transportation industries among others.
Application Insights:
The application segment includes achitechive, automobile industry, appliances industry and others. In terms of revenue, the automobile industry dominated the global HFC blowing agent market with a share of over 30% in 2017. The growth is attributed to increasing production of automobiles across the globe on account of growing middle-class population coupled with high consumer demand for vehicles in developing countries such as China and India.
Polyurethane foam is widely used in automotive applications owing to its excellent insulation properties which help reduce vehicle¢â‚¬â„¢s operating temperature thus improving engine performance and fuel efficiency. Moreover, polyurethane foams are lightweight compared to other materials used for thermal insulation hence reducing overall vehicle weight thereby enhancing fuel efficiency further driving demand from the automotive sector globally over next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from industries including automotive, construction, packaging, and appliances. China is one of the largest producers as well as consumers of these blowing agents across the globe owing to easy availability of raw materials coupled with cheap labor cost.
The growing population in Asia Pacific has led to increased demand for consumer electronics such as laptops and mobiles which has resulted in high consumption levels for HFCs across this region. Rising awareness regarding energy conservation along with stringent environmental regulations by various regulatory bodies such as OICA (Organization for Economic Co-operation and Development) are anticipated to further drive industry growth over the next eight years.
Europe was estimated at USD X billion in 2017 owing to presence of major automobile manufacturers including Volkswagen Group; BMW Group; Daimler AG; Ford Motor Company Europe SCCO PLC.
Growth Factors:
- Increasing demand for insulation in construction industry
- Rising awareness about the benefits of using HFC blowing agents
- Growing popularity of low-emitting and energy-efficient buildings
- Proliferation of new applications for HFC blowing agents
- Technological advancements that improve the efficiency and performance of HFC blowing agents
Scope Of The Report
Report Attributes
Report Details
Report Title
HFC Blowing Agent Market Research Report
By Type
Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polyolefin Foam, Others
By Application
Achitechive, Automobile Industry, Appliance Industry
By Companies
Honeywell International, Solvay SA, Arkema SA, Exxon Mobil Corporation, Linde, Daikin Industries, The Chemours Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global HFC Blowing Agent Market Report Segments:
The global HFC Blowing Agent market is segmented on the basis of:
Types
Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polyolefin Foam, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Achitechive, Automobile Industry, Appliance Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell International
- Solvay SA
- Arkema SA
- Exxon Mobil Corporation
- Linde
- Daikin Industries
- The Chemours Company
Highlights of The HFC Blowing Agent Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyurethane Foam
- Polystyrene Foam
- Phenolic Foam
- Polyolefin Foam
- Others
- By Application:
- Achitechive
- Automobile Industry
- Appliance Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the HFC Blowing Agent Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
HFC blowing agent is a type of air freshener that uses hydrofluorocarbons (HFCs) as the primary propellant. HFCs are greenhouse gases that are more than 100 times more potent than carbon dioxide when it comes to trapping heat in the atmosphere.
Some of the major players in the hfc blowing agent market are Honeywell International, Solvay SA, Arkema SA, Exxon Mobil Corporation, Linde, Daikin Industries, The Chemours Company.
The hfc blowing agent market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 HFC Blowing Agent Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 HFC Blowing Agent Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 HFC Blowing Agent Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the HFC Blowing Agent Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global HFC Blowing Agent Market Size & Forecast, 2020-2028
4.5.1 HFC Blowing Agent Market Size and Y-o-Y Growth
4.5.2 HFC Blowing Agent Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Polyurethane Foam
5.2.2 Polystyrene Foam
5.2.3 Phenolic Foam
5.2.4 Polyolefin Foam
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Achitechive
6.2.2 Automobile Industry
6.2.3 Appliance Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HFC Blowing Agent Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 HFC Blowing Agent Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Polyurethane Foam
9.6.2 Polystyrene Foam
9.6.3 Phenolic Foam
9.6.4 Polyolefin Foam
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Achitechive
9.10.2 Automobile Industry
9.10.3 Appliance Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Polyurethane Foam
10.6.2 Polystyrene Foam
10.6.3 Phenolic Foam
10.6.4 Polyolefin Foam
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Achitechive
10.10.2 Automobile Industry
10.10.3 Appliance Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Polyurethane Foam
11.6.2 Polystyrene Foam
11.6.3 Phenolic Foam
11.6.4 Polyolefin Foam
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Achitechive
11.10.2 Automobile Industry
11.10.3 Appliance Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Polyurethane Foam
12.6.2 Polystyrene Foam
12.6.3 Phenolic Foam
12.6.4 Polyolefin Foam
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Achitechive
12.10.2 Automobile Industry
12.10.3 Appliance Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Polyurethane Foam
13.6.2 Polystyrene Foam
13.6.3 Phenolic Foam
13.6.4 Polyolefin Foam
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Achitechive
13.10.2 Automobile Industry
13.10.3 Appliance Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 HFC Blowing Agent Market: Competitive Dashboard
14.2 Global HFC Blowing Agent Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell International
14.3.2 Solvay SA
14.3.3 Arkema SA
14.3.4 Exxon Mobil Corporation
14.3.5 Linde
14.3.6 Daikin Industries
14.3.7 The Chemours Company
