Blowing Agents Market 2018 Industry Trends and Impacting Factor’s Applications To 2023

Blowing Agents Market Future Trends, Market Size, Growth, Industry News, and Global Forecast to 2023

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Blowing Agents Market Blowing Agents Market 2018: Future Trends, Market Size, Growth, Industry News, and Global Forecast to 2023 • The application segment includes rigid polyurethane, flexible polyurethane, integral skin polyurethane, polystyrene, polyolefin, phenolic, and others. The rigid and flexible polyurethane together dominate the global market due to their high demand from various end-use industries such as appliances, automotive, building & construction, electronics, flooring, marine, furnishing, and others. The rigid polyurethane is used for insulation in refrigerators & freezers, roofing & walls, and for sandwich panels. It is also used in boat manufacturing for both structural and flotation purposes. The flexible polyurethane is used for foam furniture, bedding, chair cushions, and shoe soles. Extruded sheets of polystyrene are highly consumed for packaging foam, which may offer substantial opportunities for the product in the coming years. • Blowing agents are available in two types namely exothermic and endothermic. The blowing agents decompose and generate environmentally neutral gases when heated. The endothermic type blowing agents are used because they carry out gas production until heat input is provided. This makes endothermic blowing agents easy to manage during processing. Moreover, the endothermic blowing agents absorb heat energy from their surroundings. This ideally reduces the mould cooling times and the ability to reduce mould cycle times in injection moulding. Thus, the endothermic blowing agents is dominating the market.

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Blowing Agents Market Regional Analysis Geographically, the global blowing agents market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific dominated the global blowing agents market in 2016 owing to growing demand from the construction and automotive industries in the region. Use of blowing agents in the automotive help to reduce overall weight as well as reduces emission that is harmful to the environment. The product used in building & construction industry due to their applications in roofing and walls is projected to fuel the market growth during the assessment period. Favoring government initiatives such as the Pradhan Mantri Awas Yojana and the Housing for all in India are expected to drive the product demand in the construction industry. However, regulations pertaining to the use of HFCs and CFCs may restrict the market growth in the region. For instance, in June 2016, the Australian Federal Government announced that it would deliver an 85% phasedown of HFCs. Europe was the second largest region in the global blowing agents market in 2016 on account of the high product demand from the automotive sector. However, in 2013, the European F-gas legislation was issued for the reduction of hydrofluorocarbon (HFC) consumption by 79% over the period 2016-2030, which may challenge the market growth in the region.

The North American market is expected to witness a sluggish growth due to the stringent regulations on the product use. For instance, initiatives to reduce production & consumption of greenhouse gases may challenge the market growth. For instance, in 2014, the United States, Canada, and Mexico proposed an amendment to the Montreal Protocol to reduce production and consumption of hydrofluorocarbon (HFCs) by 85% during the period of 2016-2035 for Non-A5 (developed) countries.

Browse Report @construction activities in the GCC countries are likely to fuel the product demand in The infrastructural and the

the Middle East & Africa over the assessment period. https://www.marketresearchfuture.com/reports/blowing-agents-

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Blowing Agents Market Major Players in this Research: Key Players for Blowing Agents Market: • Solvay (Belgium), • The Dow Chemical Company (U.S.), • INEOS Group (Switzerland), • Arkema (France), • BASF SE (Germany), • SINOCHEM GROUP (China), • ZEON CORPORATION (Japan), • Harp International Ltd. (U.K), Honeywell International Inc. (U.S.), • Exxon Mobil Corporation (U.S.), • AkzoNobel N.V. (Netherlands), • The Chemours Company (U.S.)

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Blowing Agents Market Market Segmentation

Blowing agents are available in two types namely exothermic and endothermic. The blowing agents decompose and generate environmentally neutral gases when heated. The endothermic type blowing agents are used because they carry out gas production until heat input is provided. This makes endothermic blowing agents easy to manage during processing. Moreover, the endothermic blowing agents absorb heat energy from their surroundings. This ideally reduces the mould cooling times and the ability to reduce mould cycle times in injection moulding. Thus, the endothermic blowing agents is dominating the market.

Hydrochlorofluorocarbons, hydrocarbons, hydrofluorocarbons, and hydrofluoroolefins are some of the blowing agents’ product. The hydrocarbons segment is likely to dominate the global market owing to their ease of application, good efficiency, and negligible global warming potential. Moreover, they possess good material compatibility and solubility with lubricants as compared to the CFCs or HFCs.

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