Industry Background:
The blowing agents are used as additives in the polymeric foam industry. To lend some of the desired properties for the production process, the polymeric foam is used. The demand for the blowing agents is growing owing to the increase in the industrialization, which in turn has the requirement of more and more blowing agents. These agents are used to induce a specific cellular structure for the materials of foam. It helps to increase the thermal and acoustic abilities, reduction of density and improves the toughness of the original material.This growth is primarily driven by Rise in Use of Blowing Agents in Construction, Automotive and Appliances Industry.
Globally, a noticeable market trend is evident Technological Advancements in Foam Blowing Agents. Major Vendors, such as Arkema S.A. (France), The Dow Chemical Company (U.S.), Honeywell International Inc. (United States), Exxon Mobil Corporation (United States), E.I. du Pont de Nemours & Company (United States), Haltermann GmbH (Germany), Harp International Ltd. (United Kingdom), Daikin Industries, Ltd. (Japan) and INEOS Group AG (Switzerland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In August 2017, Honeywell announced that TCL Corporation, one of China's largest manufacturers of appliances and electronics, is using Honeywell's Solstice Liquid Blowing Agent (LBA) in its refrigerator insulation to increase energy efficiency and further reduce climate impact.
Regulatory Insights:
The UK government made it mandatory to recover and recycle the HCFC used in the refrigeration unit. Owing to its contribution towards ozone depletion coupled with a potential phase-out in the near future, HCFC is expected to have a positive impact on eco-friendly blowing agents over the forecast period. Moreover, in 2003, EPA issued baseline for production and import of HCFC-22 and HCFC-142b.
Market Drivers
- Rise in Use of Blowing Agents in Construction, Automotive and Appliances Industry
Market Trend
- Technological Advancements in Foam Blowing Agents
Restraints
- Change in Consumer Preference in The Choice of Blowing Agent With Respect to Environment Regulation
Opportunities
The rise in Demand for Environment-Friendly Blowing Agents
Challenges
Phase Down of HFCs
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Blowing Agents Study Sheds Light on
The Blowing Agents Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Blowing Agents industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Blowing Agents industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.