Foam Blowing Agents (Hydrocarbons (HC), Hydrofluorocarbons (HFC), Hydrochlorofluorocarbons (HCFC) and Others) Market for Polyurethane Foams, Polystyrene Foams, Polyolefin Foams and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Albany, NY -- (SBWIRE) -- 03/02/2015 -- Transparency Market Research has published a new report titled "Foam Blowing Agents Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" According to the report, the global foam blowing agents market was valued at US$ 631.3 Mn in 2013 and is expected to reach US$ 843.8 Mn by 2020, expanding at a CAGR of 4.4% during the forecast period from 2014 to 2020. In terms of volume, the global foam blowing agents market stood at 310.5 kilo tons in 2013.
High growth in the construction industry across the world has led to the rise in demand for insulating foams. This, in turn, is anticipated to drive demand for foam blowing agents that are utilized for the manufacture of foams. Polyurethane foams application is another major driver for the foam blowing agents market. However, strict regulations against chemicals, which are harmful to the environment, are leading to phasing-out of hydrochlorofluorocarbons (HCFC). This would hamper market growth in the next few years. Additionally, volatility in crude oil prices puts pressure on manufacturers' margins. This further affects market growth. Development and commercialization of new eco-friendly products, such as hydrofluoroolefins (HFO), is anticipated to drive the foam blowing agents market in the near future.
Get Sample Report Copy :
Hydrocarbon foam blowing agents dominated the global foam blowing agents market, accounting for more than half of the market share in terms of volume in 2013. Key hydrocarbon foam blowing agents include n-pentane, cyclopentane, isopentane, n-butane and isobutene. These foam blowing agents are available at low cost and the machinery that previously used HCFCs can be modified for usage with these agents at less cost. Additionally, hydrocarbon foam blowing agents do not deplete the ozone layer and have very low global warming potential. Other foam blowing agents such as azodicarbonamide, hydrazine, CO2 and water are being increasingly adopted due to their eco-friendly properties and lower prices. Hydrofluorocarbons (HFC) and HCFC foam blowing agents are widely used products due to their excellent thermal properties and low boiling points. However, HCFCs are being phased out due to their high ozone depletion and global warming potential.
In terms of volume, polyurethane (PU) foams is estimated to be the largest and the fastest growing segment, and accounted for nearly 50% of the global foam blowing agents market in 2013. Demand for PU foams is primarily driven by construction and insulation industries. Polystyrene (PS) foams is projected to be another fast growing application segment during the forecast period due to rising demand for PS foams in the automotive industry.
In terms of volume, Asia Pacific led the global foam blowing agents market in 2013. It is also projected to be the fastest growing region between 2014 and 2020, driven by high growth in the automotive and construction industries in the region. The construction industry emerged as the major consumer of foam blowing agents used for insulating foams in North America. In terms of volume, North America accounted for 24% of the global foam blowing agents market in 2013.
The global foam blowing agents market is consolidated in nature; some of the large players in the market are focusing on enhancing their position and expanding product portfolio in the emerging markets. Leading players in the foam blowing agents market include Exxon Mobil Corporation, Arkema S.A., E. I. du Pont de Nemours and Company, Solvay S.A., Honeywell International Inc. and Daikin Industries Ltd.
Browse the full Foam Blowing Agents (Hydrocarbons (HC), Hydrofluorocarbons (HFC), Hydrochlorofluorocarbons (HCFC) and Others) Market for Polyurethane Foams, Polystyrene Foams, Polyolefin Foams and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/foam-blowing-agents-market.html
The report segments the global foam blowing agents market as:
Foam Blowing Agents Market & Product Segment Analysis
- Hydrocarbons (HC)
- Hydrofluorocarbons (HFC)
- Hydrochlorofluorocarbons (HCFC)
- Others (including azodicarbonamide, hydrazine, CO2, water, etc.)
Foam Blowing Agents Market & Application Analysis
- Polyurethane (PU) foams
- Polystyrene (PS) foams
- Polyolefin foams
- Others (including polyvinyl chloride (PVC) foams, phenolic foams, etc.)
Foam Blowing Agents Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World
About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Mr. Nachiket Ghumare
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Blog : https://researchandreports.wordpress.com/