Foam Blowing Agents Market Report 2025 (Global Edition)

Global Foam Blowing Agents Market Report 2025 Market Size Split by Product Type Outlook: (Hydrocarbons (HCs), Hydrochlorofluorocarbons (HCFCs), Hydrofluorocarbons (HFCs), Hydrofluorolefine (HFO), Othe...

Foam Blowing Agents Market Report Description

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Competitive Landscape of the Foam Blowing Agents Market

The competitive context of the foam blowing agents industry offers information broken down by competition. In-depth information is provided about the business's background, finances, earnings, prospective markets, R&D spending, emerging market efforts, international manufacturing locations and infrastructure, manufacturing capabilities, company advantages and disadvantages, introduction of products, goods length and dimension, and sector superiority. The earlier statistics only pertain to the companies ' concentration on the foam blowing agents industry.

In June 2024, Honeywell's (NASDAQ: HON) revolutionary Managed Energy system helps automate, manage, and monitor an organization's power consumption down to the plugging levels. The response provides statistics about fossil fuel expenditure and waste patterns in the United States. (Source: https://www.honeywell.com/us/en/press/2024/06/honeywell-helps-buildings-solve-for-energy-waste-and-protect-critical-assets) In August 2024, Solvay announced the official start of its innovative Alve-One manufacturing site in Rosignano, Italy. The opening of a sizable European manufacturing plant for Alve-One, an aromatic blown ingredient environmentally engineered to revolutionize the polymer foaming sector, represents an important development. (Source: https://www.solvay.com/en/press-release/solvay-inaugurates-new-blowing-agent-production-unit-rosignano-italy) In April 2024, Arkema, a world leader in specialty materials, will present a distinctive range of alternatives for energy storage structures (ESS) and electric vehicle (EV) batteries at the next Lithium Show in Stuttgart, Germany. The firm has been supplying improvements for both the inside and outside of the organism, helping the field of batteries through every phase of its development. (Source: https://www.arkema.com/global/en/media/newslist/news/global/products/2024/20240610-battery-show-europe/)

Top Companies Market Share in Foam Blowing Agents Industry: (In no particular order of Rank)

• Honeywell International Inc
• Arkema S.A.
• Exxon Mobil Corporation
• Solvay S.A.
• Sinochem Group
• Haltermann GmbH
• Harp International Ltd
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Foam Blowing Agents Market

Which Region Dominates the Foam Blowing Agents Market in 2024?

According to Cognitive Market Research, North America currently dominates the foam-blowing agents’ market, and the region is expected to have significant growth during the projected period. This is because of the improvement of construction, the growth of the automobile and aviation industries, urbanization, manufacturing expansion, and technical breakthroughs. The necessity for markets throughout a wide range of sectors will continue to rise in this area as these businesses grow and legislation places an emphasis on sustainable development and efficiency of energy.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) because of the rise in expenditures in the microcellular polyurethane foam sector in developing nations. One significant aspect that ought to promote industry growth in these countries is an upsurge in the quantity of automobiles.

The current report Scope analyzes Foam Blowing Agents Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Foam Blowing Agents

According to Cognitive Market Research, the global foam blowing agents market size was estimated at USD 2351.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 940.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the foam blowing agents market with a market size of USD 742.04 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. The U.S. market's Stringent governmental regulations.
• The Canada foam blowing agents market had a market share of USD 112.86 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Canada’s rising awareness among the population.
• The Mexico foam blowing agents market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 85.58 million in 2024.

Europe Foam Blowing Agents

According to Cognitive Market Research, the global foam blowing agents market size was estimated at USD 2351.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 705.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom foam blowing agents market had a market share of USD 118.50 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In the UK, Foam Blowing Agents sales witness an upswing due to the nation's rising demand for innovative technology.
• The France foam blowing agents market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 64.89 million in 2024.
• According to Cognitive Market Research, the German foam blowing agents market size was valued at USD 139.66 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, Foam Blowing Agents surged due to the presence of major market players.
• The Italy foam blowing agents market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 60.66 million in 2024.
• The Russia foam blowing agents market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 109.33 million in 2024.
• The Spain foam blowing agents market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 57.84 million in 2024
• The Luxembourg foam blowing agents market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 21.87 million in 2024.
• The Portugal foam blowing agents market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 14.81 million in 2024.
• The Greece foam blowing agents market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 8.46 million in 2024.
• The Rest of Europe's foam blowing agents market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 109.33 million in 2024.

Asia Pacific Foam Blowing Agents

According to Cognitive Market Research, the global foam blowing agents market size was estimated at USD 2351.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 540.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

• According to Cognitive Market Research, the China foam blowing agents market size was valued at USD 243.35 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Foam Blowing Agents surged in China due to Increased focus of the manufacturers and major market players.
• The Japan foam blowing agents market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 74.63 million in 2024.
• The India foam blowing agents market had a market share of USD 64.89 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. India's rising awareness among the populations.
• The South Korean foam blowing agents market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 54.08 million in 2024.
• The Australian foam blowing agents market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 28.12 million in 2024.
• The South East foam blowing agents market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 37.31 million in 2024.
• The Rest of Asia Pacific foam blowing agents market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 38.40 million in 2024.

South America Foam Blowing Agents

According to Cognitive Market Research, the global foam blowing agents market size was estimated at USD 2351.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 117.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil foam blowing agents market size was valued at USD 50.32 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Foam Blowing Agents flourished in Brazil due to increasing demand for electronic component.
• Argentina's foam blowing agents market had a market share of USD 19.75 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Argentina's rising personal disposable income .
• Colombia foam blowing agents market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 10.46 million in 2024.
• Peru foam blowing agents market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 9.64 million in 2024.
• Chile foam blowing agents market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 8.46 million in 2024.
• The Rest of Latin America's foam blowing agents market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 18.93 million in 2024.

Middle East and Africa Foam Blowing Agents

According to Cognitive Market Research, the global foam blowing agents market size was estimated at USD 2351.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 47.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031..

• The GCC Countries foam blowing agents market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 20.13 million in 2024. Foam Blowing Agents sales flourish due to the presence of major market players.
• The Egypt foam blowing agents market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 4.94 million in 2024.
• The South Africa foam blowing agents market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 7.43 million in 2024. Foam Blowing Agents sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey foam blowing agents market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 4.04 million in 2024.
• The Nigeria foam blowing agents market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 4.94 million in 2024.
• The Rest of the MEA foam blowing agents market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 5.55 million in 2024.

Foam Blowing Agents Market Analysis

How are Segments Performing in the Global Foam Blowing Agents Market?

Foam Blowing Agents Market Product Type Segment Analysis

According to Cognitive Market Research, hydrochlorofluorocarbons (HCFCs) are likely to dominate the foam-blowing agents market over the forecast period because they deplete the oxygen in the atmosphere, hydrochlorofluorocarbons, which were formerly an essential component of manufacturing. Manufacturers are being forced to look into more ecologically friendly solutions as a result of the Protocol of Montreal and its following revisions, which have drastically utilized their usage.

The hydrocarbons (HCs) are the fastest-growing segment in the foam-blowing agents market because of their efficacy and comparatively inexpensive cost. They have superior insulating qualities and are being used more and more in a variety of uses, including as automobile parts as well as construction protection.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Foam Blowing Agents Industry. Request a Free Sample PDF!

Foam Blowing Agents Market Application Segment Analysis

According to Cognitive Market Research, the polyurethane segment holds the largest market share due to its deployment extensively for insulation in architecture and construction. Polyurethane foams are the perfect material for energy-efficient structures because of their exceptional energy-efficiency qualities. Additionally, they are utilized in presentation, automobile interiors, and furnishing, which adds to their popularity.

In the foam-blowing agents market, the rapidly growing sector is phenolic. Because of their burn-resistant qualities, phenolic foams are becoming more and more popular in industries where the prevention of fire is a top concern. They are employed in factories, ducting, and construction protection. Phenolic foams' special blend of combustibility and thermal insulation is propelling their use in a number of industries, notably production and building.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
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• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion