Press Release / Business / Foam Blowing Agents Market Latest Innovations, Drivers, Restraints, Challenges, Industry, and Forecast to 2019 – 2023

Foam Blowing Agents Market Latest Innovations, Drivers, Restraints, Challenges, Industry, and Forecast to 2019 – 2023

Market Scenario:-
Foam blowing agents are used in various end-user industries such as building and construction, automobile, electronics, and food packaging among others. The growing demand from the developing regions are the major factors driving the global market of foam blowing agents. The growing demand from the automobile sector coupled with the increasing government investments in the infrastructural development is other factors contributing to the growth of the market. Among the various end-user industry automobile is the dominant segment and is expected to show the same trend during the forecast years.
Major Manufacturers:-
Some of the prominent players operating in the global foam blowing agents  market are Arkema S.A. (France), Honeywell International Inc. (U.S.), Exxon Mobil Corporation (U.S.), E.I. du Pont de Nemours & Company (U.S.), Haltermann GmbH (Germany), Harp International Ltd. (U.K.), Daikin Industries Ltd. (Japan), Sinochem Group (China), Solvay S.A. (Belgium), and ZEON Corporation (Japan). Geographical Analysis
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Market Segmentation:
The global Foam Blowing Agents Market is segregated into chemistry, product type, and end-user industry. On the basis of the chemistry, the global market is segmented into physical foam blowing agents and chemical foam blowing agents. Among the product type, the global foam blowing agents market is classified into hydrochlorofluorocarbons (HCFC), hydrofluorocarbons (HFC), hydro Carbons (HCS), hydrofluoroolefin (HFOS) and others. On the basis of the application, the global market is segmented into polyurethane foam (PU), polystyrene foam (PS), phenolic foam, polyolefin foam, and others.
Market Scenario:
The hydrofluorocarbons (HFCs) segment is the leading product type in the market and polyurethane is the leading application segment. The growing usage of polyurethane in a wide range of end-user industries such as automotive, building & construction, appliances, apparels, flooring, and furnishing among others is significantly contributing to the growth of the segment.
Regional Analysis 
The Foam Blowing Agents Market is segregated across five regions: North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be a fastest growing market with an expanding CAGR during the forecast period. The rapid growth of the industries and urbanization is fuelling the growth of the foam blowing agents in the developing countries of Asia Pacific. Moreover, the favorable government regulation in the region has attracted many industry players to enter the lucrative market of Asia Pacific, which, in turn, is fuelling the market growth. Furthermore, the presence of most populated countries has augmented the construction and automobile sector, which is further contributing to the market growth.  China, India, and Japan are the largest consumers of foam blowing agents in this region. North America is a dominant region in the market for foam blowing agents. The developed end-user industries such as construction, transportation, and electronics among others are significantly driving the market growth. Moreover, growing renovation and construction of public and private infrastructure is further adding to the growth of the market in this region.
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Targeted Audience
·         Foam blowing agents market manufacturers
·         Traders and Distributors of Foam blowing agents   market
·         Production Process Industries
·         Potential Investors
·         Raw Material Suppliers
·         Nationalized Laboratory 
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