Chemical

According to a market report by Lucintel, the future of blowing agents in the global plastic additive market looks promising with opportunities in hydrofluorocarbons (HFCs), hydrocarbons (HCs), and hydrochlorofluorocarbons (HCFCs). Blowing agents in the global plastic additive market are expected to reach an estimated $1.9 billion by 2028 with a CAGR of 5.1% from 2023 to 2028. The major drivers for this market are growing demand from various end-user industries, such as construction, automotive, and electronics, and increasing application of blowing agents in consumer appliances owing to their shock absorbing properties.



In this market, polyurethane foam (PU), polystyrene foam (PS), phenolic foam, and polyolefin foam are the major foam segments. Lucintel forecasts that polyurethane foam will remain the largest foam segment over the forecast period due to its superior properties, such as temperature resistance, durability, and flexibility. Also, it is highly used for thermal insulation in buildings, transport systems, and household appliances. 



Within this market, hydrocarbons (HCs) are expected to remain the largest product type segment due to their increasing usage in various foaming applications owing to their low ODP and GWP properties.

 

APAC will remain the largest region due to significantly growing construction and automotive industry and the increasing demand for blowing agents in consumer durables in countries, like China, India, and Japan.

Honeywell International, Solvay SA, Arkema SA, Exxon Mobil, Linde and Daikin Industries are the major suppliers of blowing agents in the global plastic additive market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for blowing agents in the global plastic additive market by product type, foam, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for Blowing Agents in the Global Plastic Additive Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for blowing agents in the global plastic additive market by product type, foam, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for blowing agents in the global plastic additive market by product type (hydrofluorocarbons (HFCs), hydrocarbons (HCs), and Hydrochlorofluorocarbons (HCFCs)), foam (polyurethane foam (PU), polystyrene foam (PS), phenolic foam, and polyolefin foam), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?