Industry Background:
Chemical Foaming Agent are made up of low-molecular-weight inorganic or organic compounds. This chemical foaming agents help in creation of foams which can applied to reduce weight of the materials. They reduce the surface tension of any fluid to allow formation of bubbles. They are required to have good storage stability and easy to handle properties for superior performance. Chemical Foaming agents can be found either in liquid, powder or granular forms with liquid form being most popular recently. The market of chemical foaming agent is expected to growth with increasing focus on plastic sustainability, and growth of end user industries. North America is expected to emerge as the biggest market geographically.This growth is primarily driven by Increasing Demand from End User Industries, Growth of Automotive Industry where it is used to Reduce Weight of Certain Automotive Parts and Rapid Industrialisation Especially in Material and Surface Manufacturing.
Globally, a noticeable market trend is evident Liquid Accounts for Significant Market Share. Major Vendors, such as Clariant AG (Switzerland), Akzo Nobel N.V. (Netherlands), Phoenix Plastics (United States), TRAMACO GmbH (Germany), Owens Corning (United States), Milliken & Company (United States), Bergen International (United States), Reedy Chemical Foam and Specialty Additives (United States), Frac-Chem LLC (United States) and Polyvel Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, Milliken & Company, an Industrial Chemical Manufacturer has announced acquisition of Zebra-chem GmbH, which is a German manufacturer of peroxide and blowing agents additive. The acquisition deal is considered complimentary as Zebra-Chem’s peroxide masterbatches are considered essential for Milliken’s sustainability drive towards plastic recycling.
In 2020, Owens Corning, an American manufacturer of fiberglass composites, insulation, roofing, and related materials has announced launch of its new product FOAMULAR NGX. The product is said to be a next generation extruded polystyrene foaming product. The product as the company states reduces upto 90% global warming potential without affecting its performance. This product launch is again aligned with global drive towards adopting and innovating more sustainable products.
Market Drivers
- Increasing Demand from End User Industries
- Growth of Automotive Industry where it is used to Reduce Weight of Certain Automotive Parts
- Rapid Industrialisation Especially in Material and Surface Manufacturing
Market Trend
- Liquid Accounts for Significant Market Share
Restraints
- Improper Application may lead to Swelling up of Surface of Material
Opportunities
Automotive Industry Offers New Opportunities
Challenges
Emergence of Covid-19 has disrupted the Supply Chain of Chemical Foaming Agents
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, Chemical Foaming Agent Study Sheds Light on
The Chemical Foaming Agent Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Chemical Foaming Agent industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Chemical Foaming Agent 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.