23 January 2017

Let’s talk trends & forecasts (2026) - Global Foam Blowing Agents

In the late 1970s and early 1980s, when it was discovered that chlorofluorocarbons would seriously deplete the ozone layer, the polyurethane foam industry underwent a radical shake-up.

Nowadays “The Blowing Agents Market is Projected to Reach USD 5.47 Billion By 2026, at a CAGR of 6.7% from 2016 to 2026” says the study from Research and Markets. Global foam production is constantly growing as demand for insulation foams for buildings and appliances rises.  

In economies such as India, China, Africa, Middle East, Germany, Brazil, the global blowing agents industry is expected to rise. Improving environmental awareness is also expected to drive the blowing agents market during the forecast period.

“Hydrofluorocarbons (HFC) is the fastest-growing type of blowing agents. HFC is advantageous in comparison with the conventionally used hydrochlorofluorocarbons (HCFC) as they have zero ozone depletion potential (ODP), whereas HCFC have high ODP. Also, HFCs are currently accepted as an efficient replacement for the HCFCs and can be used in most of the applications as a drop in replacement for HCFCs.”

The report also includes company profiles and competitive strategies adopted by the major market players such as Honeywell International Inc. (U.S.), Solvay SA (Belgium), E. I. DuPont de Nemours and Company (U.S.) and much more.

For more information please click here