The global foam blowing agents marketwas estimated at $1.2 billion in 2020 and is expected to hit $1.9 billion by 2030, registering a CAGR of 4.8% from 2021 to 2030.  

 

According to the report published by Allied Market Research, the Foam Blowing Agents Market by Applications (Polyurethane, Polystyrene, Polyolefins, Others), By Product Type (Hydrocarbons, Hydrofluorocarbons, Hydrochlorofluorocarbons, OTHERS): Global Opportunity Analysis and Industry Forecast, 2020-2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends. 

 

Rise in population and increase in average disposable income drive the development of the construction industry in developing countries, which in turn, has propelled the global foam blowing agents market. On the other hand, several pollution control measures introduced by governments in different regions impede the growth to some extent. However, developments of the furniture industry has paved the way for a number of opportunities in the industry. 

 

The key market players analyzed in the global foam blowing agents market report include Honeywell International Inc. (U.S.), Exxon Mobil Corporation (U.S.), Harp International Ltd. (U.K.), E.I. du Pont de Nemours & Company (U.S.), ZEON Corporation (Japan), Arkema S.A. (France), Haltermann GmbH (Germany), Solvay S.A. (Germany), Daikin Industries, Ltd. (Japan), and Sinochem Group (China). These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.