Market Overview

Global Blowing Agents Market 2018-2022 | Increasing Alternatives to HFCs and HCFCs to Drive Growth | Technavio

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The global blowing agents market is expected to post a CAGR of over 5%
during the period 2018-2022, according to the latest market research
report by Technavio.

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Technavio has published a new market research report on the global blowing agents market from 2018-2 ...

Technavio has published a new market research report on the global blowing agents market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the growth of the
construction and automotive industries in APAC. In countries such as
China and India, the governments are taking initiatives to encourage the
development of infrastructure, which is driving the growth of the
construction industry in APAC. Along with this, the increasing
industrialization, urbanization, and the purchasing power of buyers are
facilitating the expansion of the construction industry. In the
construction industry, blowing agents are used in the manufacturing of
plastics that are used in the production of cables and wires. Blowing
agents are also used to manufacture plastics for the flooring and
furnishing industry.

This market research report on the global
blowing agents market 2018-2022
also provides an analysis of the
most important trends expected to impact the market outlook during the
forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the increasing alternatives to HFCs
and HCFCs as one of the key emerging trends in the global blowing agents
market:

Global blowing agents market: Increasing
alternatives to HFCs and HCFCs

HCFCs are stable and unreactive. They are mainly used as an alternative
for CFCs as their chemical structure is very similar. The HCFC-141b is
widely used as a cleaning agent and a solvent agent. But its production
has stopped because such types of HCFCs deplete the stratospheric ozone,
as they have high GWP. They also produce adverse health effects.
Therefore, many countries have started banning the use of HCFCs.

"HFCs are made up of hydrogen, carbon, and fluorine atoms. They are
nonflammable and nonreactive in nature. They are used as blowing agents
in the manufacturing of polymers for the foaming process. Further, HFCs
are used in many applications such as air conditioning, refrigeration,
fire extinguishing, and solvent cleaning,"
says a senior analyst at
Technavio for research on human machine interface.

Global blowing agents market: Segmentation
analysis

This market research report segments the global blowing agents market by
applications (polyurethane, polystyrene, polyolefins, and phenolic
foams) and geographical regions (APAC, EMEA, and the Americas).

The polyurethane segment held the largest market share in 2017,
accounting for nearly 48% of the market. This application segment is
expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 49% of the
market share. The market share occupied by this region is anticipated to
decrease during 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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