Blowing Agents Market by Type, Foam Type & Geography - Trends and Forecasts to 2019

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Apr 23, 2014, 01:59 ET

DUBLIN, April 23, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/2tv8jz/blowing_agents) has announced the addition of the "Blowing Agents Market by Type, Foam Type & Geography - Trends and Forecasts to 2019" report to their offering.

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Global blowing agents consumption is likely to grow by 5.8% to reach 452.0 kilotons by 2019. Growth will be fueled by increasing production of polyurethane and polystyrene foams, economic growth, increasing standard of living, growing energy costs, and rising global temperatures.

The blowing agents market is dynamic with high degree of internal and external competition. In this scenario, the companies are coming up with new and more environment friendly products. For instance, for blowing of polyurethane foams, hydrofluroolifiens (HFOs) blowing agents which have very low GWP were launched by Honeywell International Ltd (U.S.) and are used as an alternative to high GWP HFCs.

High growth in Asia-Pacific region and increasing demand for foamed insulation products are important market drivers which have huge impact on the market at present. The frequent changes in environmental regulations and development of non-hazardous low GWP blowing agents matching those norms are the tough challenges faced by the manufacturers. The blowing agents industry switching over to "ozone-friendly" less priced blowing agents like hydrocarbons is the major trend observed in the global market. As these blowing agents have low global warming impact, it will continue to experience tremendous growth potential in the future.

Major players in this market are Honeywell International Ltd (U.S.), E.I. DuPont de Nemours & Co (U.S.), Foam Supplies Inc (U.S.), Arkema SA (France), Solvay SA (Belgium) are the major players which hold significant controlling in the blowing agents market.

Asia-Pacific is identified as the largest market as well as the highest growing in the next five years among all regional markets. Asia-Pacific has emerged as an important consumer due to the increasing demand on the domestic front, growing middleclass, and increasing income levels. The credit crisis and weak economy decelerated the demand for blowing agents in North America and West Europe.

Key Topics Covered:

1 Introduction
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Blowing Agent Market, By Product Type
6 Global Blowing Agents Market, By Foam Type
7 Global Blowing Agents Market, By Geography
8 Competitive Landscape
9 Company Profiles

Companies Mentioned: