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Blowing Agents - Global Market Trajectory & Analytics

  • ID: 4804717
  • Report
  • April 2021
  • Region: Global
  • 290 Pages
  • Global Industry Analysts, Inc
Global Blowing Agents Market to Reach $5 Billion by 2027

Amid the COVID-19 crisis, the global market for Blowing Agents estimated at US$3.4 Billion in the year 2020, is projected to reach a revised size of US$5 Billion by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027. HC, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the HCFC segment is readjusted to a revised 4.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $924.3 Million, While China is Forecast to Grow at 8.5% CAGR

The Blowing Agents market in the U.S. is estimated at US$924.3 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 8.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

HFC Segment to Record 5.4% CAGR

In the global HFC segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$668.3 Million by the year 2027, while Latin America will expand at a 6.6% CAGR through the analysis period.

Select Competitors (Total 47 Featured):
  • Arkema Group
  • Daikin Industries Ltd.
  • DowDuPont, Inc.
  • Exxon Mobil Corporation
  • Foam Supplies, Inc.
  • Harp International Ltd.
  • Honeywell International, Inc.
  • Linde AG
  • Solvay SA
Frequently Asked Questions about the Global Market for Blowing Agents

What is the estimated value of the Global Market for Blowing Agents?

The Global Market for Blowing Agents was estimated to be valued at $3.4 Billion in 2020.

What is the growth rate of the Global Market for Blowing Agents?

The growth rate of the Global Market for Blowing Agents is 5.7%, with an estimated value of $5.0 Billion by 2027.

What is the forecasted size of the Global Market for Blowing Agents?

The Global Market for Blowing Agents is estimated to be worth $5.0 Billion by 2027.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • A Prelude into Blowing Agents Market
  • HFC Product Segment Accounts for Largest Share in Blowing Agents Market
  • Asia-Pacific Dominates the Blowing Agents Market
  • Impact of Covid-19 and a Looming Global Recession
  • Increasing Demand for Polymeric Foam from Construction Sector to Spur Growth in Blowing Agents Market
  • Exhibit 1: PU Foam Sales in the US in Building and Construction Industry: 2012-2016
  • Rising Standard of Living to Support Market Growth
  • Technological Advancements to Support Market Growth
  • Challenges
  • Enforcement of Kigali Amendment to Reduce Consumption and Production of HFCs in the Long-Run
  • Exhibit 2: List of Global Reduction Measures for HFC
  • Exhibit 3: Percentage Breakdown of Consumption Permitted for HFC during Phase Down in EU


  • Total Companies Profiled: 47
Note: Product cover images may vary from those shown