Market Overview:
The global physical blowing agents 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 foams, polystyrene foams, and polyolefin foams across various applications. In addition, the growing demand for insulation materials in construction and automotive industries is also contributing to the growth of this market. Based on type, the global physical blowing agents market can be segmented into ADC (azodicarbonamide), HFC (hydrofluorocarbons), and others. ADC held a major share of this market in 2017 and is expected to continue its dominance during the forecast period. This can be attributed to its properties such as high thermal stability and low toxicity which make it suitable for use in various applications such as foam insulation materials, packaging films & sheets, automotive parts & components, etc. Based on application, the global physical blowing agents market can be segmented into polyurethane foams, polystyrene foams,,polyolefin foams,,and others,. Polyurethane foam accounted for a major share of this market in 2017 and is projected to grow at a higher CAGR than other segments duringthe forecast period.
Product Definition:
A physical blowing agent is a substance that is used to produce foam or expandable polystyrene insulation. These agents can be either gas or liquid and work by breaking down the polymer chains in the material, which causes it to become less dense and more cellular. This makes the material less stiff and more flexible, which allows it to be injected into small spaces.
ADC:
ADC (Active Denaturing Carbon) is a special type of carbon black with high thermal stability. It has applications in various industries such as plastics, rubber, and adhesives owing to its unique properties. The most important property of ADC is that it remains stable at all temperatures above room temperature. This makes it ideal for use in physical blowing agents used to produce flexible PVC pipes and medical devices such as catheters & guidewires.
HFC:
Hydrofluorocarbons (HFCs) are the group of compounds, which contain in their molecule only hydrogen and fluorine. They are used as a replacement for CFCs (chlorofluorocarbons), which were previously used to reduce the depletion of the ozone layer.
Application Insights:
Polyurethane foams emerged as the largest application segment and accounted for over 30% of global market share in terms of volume in 2017. Rising demand from end-use industries such as automotive, construction and packaging is expected to drive the product consumption over the forecast period.
The growing popularity of lightweight vehicles is anticipated to augment polyurethane foam demand from automotive industry which itself is likely to propel growth on account of increasing fuel efficiency standards across various regions globally. Polystyrene foam followed closely behind polyurethane foams with a significant market share in terms of revenue also in 2017 owing to its ability to absorb sound and vibration enhancing its overall performance.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing construction spending and rapid industrialization in emerging economies, such as China and India. In addition, rising awareness regarding green building initiatives is anticipated to propel demand for sustainable products in this region.
The market in Europe accounted for a share of more than 20% owing to stringent regulations by regulatory bodies pertaining environmental impacts caused due blowing agents consumption coupled with their production processes. However, these norms are projected to reduce over time as they negatively impact product penetration rates thereby hampering industry growth prospects in this region.
North America was valued at USD X million in 2017 and is expected to witness steady growth on account of growing demand from end-use industries including automotive interiors coatings adhesives packaging printing ink etc., which are likely benefit from HVAC system installations energy efficiency upgrades etc.
Growth Factors:
- Increasing demand for lightweight and high-performance materials in automotive and aerospace industries
- Growing demand from construction and insulation sectors
- Rising awareness about the benefits of using physical blowing agents over traditional blowing agents
- Technological advancements in manufacturing processes of physical blowing agents
- Stringent environmental regulations governing the use of traditional blowing agents
Scope Of The Report
Report Attributes
Report Details
Report Title
Physical Blowing Agents Market Research Report
By Type
ADC, HFC, Others
By Application
Polyurethane Foams, Polystyrene Foams, Polyolefin Foams, Others
By Companies
AkzoNobel N.V., Americhem, Arkema S.A., Daikin Industries, Ltd., Chemours, Eiwa Chemical, Exxon Mobil Corporation, Foam Supplies, Inc., Haltermann GmbH, HARP International Ltd., KibbeChem, Inc., Linde AG, Solvay SA, ZEON Corporation
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
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Physical Blowing Agents Market Report Segments:
The global Physical Blowing Agents market is segmented on the basis of:
Types
ADC, HFC, 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
Polyurethane Foams, Polystyrene Foams, Polyolefin Foams, Others
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:
- AkzoNobel N.V.
- Americhem
- Arkema S.A.
- Daikin Industries, Ltd.
- Chemours
- Eiwa Chemical
- Exxon Mobil Corporation
- Foam Supplies, Inc.
- Haltermann GmbH
- HARP International Ltd.
- KibbeChem, Inc.
- Linde AG
- Solvay SA
- ZEON Corporation
Highlights of The Physical Blowing Agents 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:
- ADC
- HFC
- Others
- By Application:
- Polyurethane Foams
- Polystyrene Foams
- Polyolefin Foams
- Others
- 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 Physical Blowing Agents 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
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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?
Physical blowing agents are substances that are used to create a gas or vapor. They can be liquids, gasses, or solids.
Some of the major companies in the physical blowing agents market are AkzoNobel N.V., Americhem, Arkema S.A., Daikin Industries, Ltd., Chemours, Eiwa Chemical, Exxon Mobil Corporation, Foam Supplies, Inc., Haltermann GmbH, HARP International Ltd., KibbeChem, Inc., Linde AG, Solvay SA, ZEON Corporation.
The physical blowing agents market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Physical Blowing Agents 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 Physical Blowing Agents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Physical Blowing Agents 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 Physical Blowing Agents 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 Physical Blowing Agents Market Size & Forecast, 2018-2028
4.5.1 Physical Blowing Agents Market Size and Y-o-Y Growth
4.5.2 Physical Blowing Agents Market Absolute $ Opportunity
Chapter 5 Global Physical Blowing Agents 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 Physical Blowing Agents Market Size Forecast by Type
5.2.1 ADC
5.2.2 HFC
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Physical Blowing Agents 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 Physical Blowing Agents Market Size Forecast by Applications
6.2.1 Polyurethane Foams
6.2.2 Polystyrene Foams
6.2.3 Polyolefin Foams
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Physical Blowing Agents 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 Physical Blowing Agents 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 Physical Blowing Agents Analysis and Forecast
9.1 Introduction
9.2 North America Physical Blowing Agents 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 Physical Blowing Agents Market Size Forecast by Type
9.6.1 ADC
9.6.2 HFC
9.6.3 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 Physical Blowing Agents Market Size Forecast by Applications
9.10.1 Polyurethane Foams
9.10.2 Polystyrene Foams
9.10.3 Polyolefin Foams
9.10.4 Others
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 Physical Blowing Agents Analysis and Forecast
10.1 Introduction
10.2 Europe Physical Blowing Agents 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 Physical Blowing Agents Market Size Forecast by Type
10.6.1 ADC
10.6.2 HFC
10.6.3 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 Physical Blowing Agents Market Size Forecast by Applications
10.10.1 Polyurethane Foams
10.10.2 Polystyrene Foams
10.10.3 Polyolefin Foams
10.10.4 Others
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 Physical Blowing Agents Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Physical Blowing Agents 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 Physical Blowing Agents Market Size Forecast by Type
11.6.1 ADC
11.6.2 HFC
11.6.3 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 Physical Blowing Agents Market Size Forecast by Applications
11.10.1 Polyurethane Foams
11.10.2 Polystyrene Foams
11.10.3 Polyolefin Foams
11.10.4 Others
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 Physical Blowing Agents Analysis and Forecast
12.1 Introduction
12.2 Latin America Physical Blowing Agents 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 Physical Blowing Agents Market Size Forecast by Type
12.6.1 ADC
12.6.2 HFC
12.6.3 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 Physical Blowing Agents Market Size Forecast by Applications
12.10.1 Polyurethane Foams
12.10.2 Polystyrene Foams
12.10.3 Polyolefin Foams
12.10.4 Others
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) Physical Blowing Agents Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Physical Blowing Agents 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) Physical Blowing Agents Market Size Forecast by Type
13.6.1 ADC
13.6.2 HFC
13.6.3 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) Physical Blowing Agents Market Size Forecast by Applications
13.10.1 Polyurethane Foams
13.10.2 Polystyrene Foams
13.10.3 Polyolefin Foams
13.10.4 Others
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 Physical Blowing Agents Market: Competitive Dashboard
14.2 Global Physical Blowing Agents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel N.V.
14.3.2 Americhem
14.3.3 Arkema S.A.
14.3.4 Daikin Industries, Ltd.
14.3.5 Chemours
14.3.6 Eiwa Chemical
14.3.7 Exxon Mobil Corporation
14.3.8 Foam Supplies, Inc.
14.3.9 Haltermann GmbH
14.3.10 HARP International Ltd.
14.3.11 KibbeChem, Inc.
14.3.12 Linde AG
14.3.13 Solvay SA
14.3.14 ZEON Corporation
