Published by Coherent Market Insights
Posted on September 28, 2021
Blowing agents are light in weight, heat insulation, and electrical induction chemical substances that are used to generate the gas that is used in expanding of plastics, rubber, and ceramics to create foam. The global blowing agents are expected to witness substantial growth owing to increasing demand from end-use industries such as construction, packaging, and automotive. The product is primarily used in the aforementioned end-use industries as adhesives, exhibiting superior properties including improved acoustics, heat & electric insulation, elasticity, and lightweight.
Blowing agents are widely used across a number of application in the construction industry including acoustics, heat & electric insulation, and shock absorbers. Furthermore, rising infrastructure development in Asia Pacific coupled with supportive government initiatives, in emerging economies such as India, is fueling growth of the market. For instance, in 2016, the Indian government announced plans to invest US$ 376.53 billion to improve the infrastructure, roads, transport facility, and shipping over of the following three years. Encouraging foreign direct investment (FDI) in the region is likely to propel the construction industry in the region, which in turn is expected to increase demand for blowing agents in the near future.
Top Key Players in Blowing Agents market: DuPont, Arkema, S.A., Honeywell, International, Inc., Solvay, S.A., Foam, Supplies, Inc., AkzoNobel, NV, Haltermann, GmbH, Linde, AG, Americhem, and, HARP, International, Ltd.
Regional Analysis For Blowing Agents Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Blowing Agents market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Demand for blowing agent products by the car industry, is rapidly rising thanks to the load reduction property of the agents that are useful for acoustic application. because the demand for products of the car industry is increasing, the demand for light may be a major factor fueling market growth. the worldwide industry produced over 90 million cars and commercial vehicles in 2015, which is predicted to extend significantly over the subsequent five years due to strong indicators in Asia Pacific. These trends including rising efforts to enhance fuel efficiency by reducing the general weight of automobiles, is predicted to possess a positive impact on growth.
Polyurethane foams dominate the market owing to its superior insulating and shock absorbing properties
The market is segmented on the basis of foam type into polyurethane, polystyrene, phenolic, and polyolefin. Polyurethane segment hold a dominant position in the market, owing to its wide application scope in an array of industries such as automotive industry for manufacturing seats, insulation, gaskets, seal, and bushing. Moreover, it is used in flooring in the construction industry and also to seal boat hulls from water in the marine industry. This is mainly attributed to its superior insulating and shock absorbent properties.
Increasing research and development related to blowing agents is expected to boost the market growth. For instance, in October 2018, researchers from Budapest University of Technology and Economics presents the applicability of different types of chemical blowing agents in the case of poly(lactic acid) (PLA). The team demonstrated that PLA can be successfully foamed with the use of chemical blowing agents.
Key players in the market are focused on upgrading production technologies to strengthen their product lines. For instance, in May 2019, LANXESS, a producer of low-dust organic chemical blowing agent for the production of polymer foam, entered into collaboration with Citrine Informatics, a U.S.-based AI company specializing in data-driven materials development, to deploy AI in product development.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Blowing Agents market to Witness Huge Growth in Coming Years with Profiling Leading Companies appeared first on Gatorledger.
Blowing agents are light in weight, heat insulation, and electrical induction chemical substances that are used to generate the gas that is used in expanding of plastics, rubber, and ceramics to create foam. The global blowing agents are expected to witness substantial growth owing to increasing demand from end-use industries such as construction, packaging, and automotive. The product is primarily used in the aforementioned end-use industries as adhesives, exhibiting superior properties including improved acoustics, heat & electric insulation, elasticity, and lightweight.
Blowing agents are widely used across a number of application in the construction industry including acoustics, heat & electric insulation, and shock absorbers. Furthermore, rising infrastructure development in Asia Pacific coupled with supportive government initiatives, in emerging economies such as India, is fueling growth of the market. For instance, in 2016, the Indian government announced plans to invest US$ 376.53 billion to improve the infrastructure, roads, transport facility, and shipping over of the following three years. Encouraging foreign direct investment (FDI) in the region is likely to propel the construction industry in the region, which in turn is expected to increase demand for blowing agents in the near future.
Top Key Players in Blowing Agents market: DuPont, Arkema, S.A., Honeywell, International, Inc., Solvay, S.A., Foam, Supplies, Inc., AkzoNobel, NV, Haltermann, GmbH, Linde, AG, Americhem, and, HARP, International, Ltd.
Regional Analysis For Blowing Agents Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Blowing Agents market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Demand for blowing agent products by the car industry, is rapidly rising thanks to the load reduction property of the agents that are useful for acoustic application. because the demand for products of the car industry is increasing, the demand for light may be a major factor fueling market growth. the worldwide industry produced over 90 million cars and commercial vehicles in 2015, which is predicted to extend significantly over the subsequent five years due to strong indicators in Asia Pacific. These trends including rising efforts to enhance fuel efficiency by reducing the general weight of automobiles, is predicted to possess a positive impact on growth.
Polyurethane foams dominate the market owing to its superior insulating and shock absorbing properties
The market is segmented on the basis of foam type into polyurethane, polystyrene, phenolic, and polyolefin. Polyurethane segment hold a dominant position in the market, owing to its wide application scope in an array of industries such as automotive industry for manufacturing seats, insulation, gaskets, seal, and bushing. Moreover, it is used in flooring in the construction industry and also to seal boat hulls from water in the marine industry. This is mainly attributed to its superior insulating and shock absorbent properties.
Increasing research and development related to blowing agents is expected to boost the market growth. For instance, in October 2018, researchers from Budapest University of Technology and Economics presents the applicability of different types of chemical blowing agents in the case of poly(lactic acid) (PLA). The team demonstrated that PLA can be successfully foamed with the use of chemical blowing agents.
Key players in the market are focused on upgrading production technologies to strengthen their product lines. For instance, in May 2019, LANXESS, a producer of low-dust organic chemical blowing agent for the production of polymer foam, entered into collaboration with Citrine Informatics, a U.S.-based AI company specializing in data-driven materials development, to deploy AI in product development.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Blowing Agents market to Witness Huge Growth in Coming Years with Profiling Leading Companies appeared first on Gatorledger.
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