Blowing Agents Market Size, Share, Forecasts Analysis, Company Growth, Company Profiles and Key Regions 2018 - 2026

                                                                           
Blowing agents are extensively used additives in the polymeric foam industry to impart specific qualities to the polymeric foam during the manufacturing process.

             Blowing Agents Market


Blowing agents are extensively used additives in the polymeric foam industry to impart specific qualities to the polymeric foam during the manufacturing process. The importance of blowing agents is highlighted by the growing demand for polymeric foam businesses, which is primarily driven by the desire to produce low-cost, environmentally friendly foam products.


The vehicle industry's need for blowing agent products is steadily increasing because to the agents' weight-saving properties in acoustic applications. The desire for light is a crucial driver driving Blowing Agents Market expansion as the demand for vehicle industry products grows. Due to strong indicators in Asia Pacific, the global automobile industry produced over 90 million cars and commercial vehicles in 2015. This number is likely to rise dramatically over the next five years. These developments, together with increasing attempts to increase fuel efficiency by reducing overall vehicle weight, are likely to boost growth.


The Asia Pacific region's rapid economic and population growth has resulted in increased urbanisation and industrialization. Due to an increase in the application breadth in the automobile and construction industries, polyurethane foam is projected to see significant demand in this region. Furthermore, growth is likely to be driven by core application sectors, particularly in India, Indonesia, and Vietnam, over the projection period. In addition, rising foreign direct investment in the region, owing to great market potential and low labour and land costs, is expected to drive the blowing agents market forward in the next years.


The market for blowing agents is being driven by rising demand for polymeric foams, particularly polyurethane foams, as a result of fast development in end-user industries such as construction and appliances. Furthermore, the strong growth of end-use industries in Asia Pacific is expected to boost demand for blowing agents. Environmental laws governing the chemicals used as blowing agents, on the other hand, may stifle growth. Development of new environmentally acceptable biobased products for use as blowing agents could open up new commercial prospects in the future.

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