Foam Blowing Agents Market Report 2026

The foam blowing agents market size has grown strongly in recent years. It will grow from $1.73 billion in 2025 to $1.85 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to expansion of building insulation demand, growth of polyurethane foam production, increasing packaging foam usage, availability of hydrocarbon-based agents, industrial adoption of polystyrene foams.

The foam blowing agents market size is expected to see strong growth in the next few years. It will grow to $2.34 billion in 2030 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rising environmental regulations on blowing agents, increasing adoption of sustainable construction materials, expansion of electric vehicle insulation requirements, growing demand for energy-efficient appliances, increased investments in low-emission foam technologies. Major trends in the forecast period include rising adoption of low-gwp blowing agents, increasing shift toward hydrofluoroolefin formulations, growing use of co₂ and water-based blowing agents, expansion of insulation foam applications, enhanced focus on thermal performance optimization.

The rise in demand for foam blowing agents in consumer appliances is expected to propel the growth of the foam blowing agent market going forward. Foam-blowing agents create cellular structures in materials that undergo hardening or phase transition, including polymers, plastics, and metals. Due to their strong shock-absorbing properties, these agents are widely used in refrigerators and other consumer appliances such as air conditioners, water heaters, and various household devices. For instance, in 2024, the Japan Refrigeration and Air Conditioning Industry Association (JRAIA), a Japan-based non-profit organization, reported that total air conditioner demand in 2023 reached 123.93 million units, representing 105% of global demand from the previous year. Therefore, increasing demand from the consumer appliances sector is driving the foam blowing agent market.

The growing construction industry is expected to propel the growth of the foam blowing agent market going forward. The construction industry includes activities related to planning, designing, building, maintaining, and repairing structures, infrastructure, and industrial facilities. Foam blowing agents are key components in the production of insulation materials, which play a critical role in construction. As construction activities expand, the need for insulation materials in residential, commercial, and industrial buildings rises as well. For instance, in March 2023, Oxford Economics, a UK-based economic information services company, projected that the value of global construction work will increase from $9.7 trillion in 2022 to $13.9 trillion by 2037, driven by major construction markets such as China, the U.S., and India. Thus, the expanding construction sector is fueling the demand for foam blowing agents.

Major companies in the foam blowing agent market are emphasizing product development and launches, such as advanced insulation solutions, to strengthen their market presence. Insulation products are materials designed to minimize the transfer of heat or sound between environments. For example, in September 2023, Firestable Insulation Company, a US-based producer of spray polyurethane foam insulation, expanded its product lineup with two new offerings: Stablebase 2 Max R and Stablebase 0.5 Max Yield spray polyurethane foam (SPF). Stablebase 2 Max R is a closed-cell SPF system featuring next-generation hydrofluoroolefins (HFO) technology, with a low Global Warming Potential (GWP) of less than two and zero Ozone Depletion Potential (ODP). It delivers an industry-leading 7.5 R-value for improved thermal performance and lower operating energy costs. Stablebase 0.5 Max Yield is an open-cell SPF system that provides high yield and low density, using a no-mix formula and 100% water-blown blowing agents to optimize material usage and reduce costs.

Major companies operating in the foam blowing agents market are Arkema S.A., Honeywell International Inc., Exxon Mobil Corporation, E.I. Du Pont De Nemours & Company, Daikin Industries Ltd., Sinochem Group, Solvay S.A., Zeon Corporation Ltd., Linde Group, The Chemours Company, Harp International Ltd., HCS Group GmbH, Haltermann Gmbh, Solstice Performance Fluid, AGC Chemicals Americas Inc., Nouryon, Saudi Basic Industries Corp., Tosoh Corporation, AkzoNobel N.V., Evonik Industries AG, Clariant AG, Eiwa Chemical Industry Co. Ltd., Sinochem Lantian Co. Ltd., Lanxess, Huntsman International LLC, INEOS Group Holdings S.A.

Asia-Pacific was the largest region in the foam blowing agents market in 2025. The regions covered in the foam blowing agents market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the foam blowing agents market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The foam blowing agents market consists of sales of physical and chemical foam blowing agents, liquid carbon dioxide, ammonium bicarbonate (NH4HCO3), sodium bicarbonate (NaHCO3), sodium borohydride (NaBH4), and chlorofluorocarbons (CFCs). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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