[Online Quarterly Update] Global blowing agents demand is projected to grow at a healthy CAGR of 6.55% during the forecast period until 2030. Blowing Agents are compounds which impart cellular structures to the polymer materials. Blowing agents are of two types namely Physical Blowing Agents and Chemical Blowing Agents. Physical blowing agents include Hydrochlorofluorocarbons (HCFCs), Hydrofluorocarbons (HFCs), Hydrocarbons (HCs), Hydrofluoroolefin (HFO) and others physical blowing agents impart cellular structures without any chemical reaction. Chemical Blowing Agents undergo decomposition at certain temperatures and release gases like Nitrogen and Carbon dioxide in the polymer matrix to which they are added and form cellular structures within the polymer matrix. They are added to the polymer material while processing. In the process they form cellular structures in the polymer material thereby creating foamed structures and reducing the weight of the polymer. Chemical blowing agents can be classified as exothermic and endothermic depending upon the heat released or added in the extruder while processing the polymer material. Most important exothermic Chemical Blowing Agent is Azodicarbonamide (ADC) which releases Nitrogen and Ammonia and generates heat upon decomposition and endothermic Chemical Blowing Agents are Sodium Bicarbonate, Ammonium Bicarbonate and Sodium Borohydrate which release Carbon Dioxide upon decomposition and cools the system. Blowing Agents impart several properties to the polymer material including weight reduction, thermal insulation, sound insulation, impact strength etc. hence they have application in various industries requiring light weight foamed polymer materials such as automotive, construction, furniture, packaging, electronics, and others.
In 2020, the spread of COVID-19 in major global economies caused a sudden fall in demand for electronics, automobiles, and construction. Fall in end use segment impacted the demand of global Blowing Agents market for the first half of 2020. Region wise, APAC region holds the major share of global demand for Chemical Chemical Blowing Agents .
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
•To assess the demand-supply scenario of Blowing Agents which covers production, demand and supply of blowing agents market globally.
•To analyse and forecast the market size of Blowing Agents .
•To classify and forecast global Blowing Agents market based on fiber, technology, end-use and regional distribution.
•To identify drivers and challenges for global Blowing Agents market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Blowing Agents market.
•To identify and analyse the profile of leading players involved in the manufacturing of Blowing Agents .
Major players for Blowing Agents globally include Exxon Mobil Corporation, Linde, Arkema, JingJiang Hangsun Plastic Additives, Abtonsmart Chemicals, Kum Yang, Ajanta Chemical Industries, Weifang Yaxing Chemical, Honeywell International, Otsuka Chemical, Jiangxi Selon Industrial, Solvay & Kemira
To extract data for global blowing agents market, primary research surveys were conducted with Blowing Agents manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for global blowing agents market over the coming years.
ChemAnalyst calculated Blowing Agents demand globally by analyzing the historical data and demand forecast which was carried out considering imported Blowing Agents , styrene prices, monomers used for production of Blowing Agents . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
•Blowing Agents manufacturers and other stakeholders
•Organizations, forums and alliances related to Blowing Agents distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Blowing Agents manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, global Blowing Agents market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
|
Attribute |
Details
|
|
Growth Rate
|
CAGR of 6.55% from 2021 to 2030
|
|
Base year for estimation
|
2020
|
|
Historic Data
|
2015 – 2019
|
|
Forecast period
|
2022 – 2030
|
|
Quantitative units
|
Demand in tons and CAGR from 2021 to 2030
|
|
Report coverage
|
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
|
|
Segments covered
|
By End-Use: (Automotive, Construction, Furniture, Packaging, Electronics, and Others)
By Type: (Hydrochlorofluorocarbons (HCFCs), Hydrofluorocarbons (HFCs), Hydrocarbons (HCs), Hydrofluoroolefin (HFO) Azodicarbonamide (ADC), Sodium Bicarbonate, Ammonium Bicarbonate, Sodium Borohydrate, Others)
By Sales Channel: (Direct Company Sale, Direct Import, Distributors & Traders, Retailers)
|
|
Regional scope
|
North America; Europe; Asia Pacific; South America; Middle East & Africa
|
|
Country scope
|
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
|
|
Key companies profiled
|
Exxon Mobil Corporation, Linde, Arkema, JingJiang Hangsun Plastic Additives, Abtonsmart Chemicals, Kum Yang, Ajanta Chemical Industries, Weifang Yaxing Chemical, Honeywell International, Otsuka Chemical, Jiangxi Selon Industrial, Solvay & Kemira
|
|
Customization scope
|
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
|
|
Pricing and purchase options
|
|
Competitive Landscape
ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.
Available Customizations:
With the given market data, Chemanalyst offers customizations according to a company’s specific needs. The following customization options are available for the report:
In case you don’t find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
