Foam Blowing Agents Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

Foam blowing agents are substances that used in the foaming process to expand in matrix and offer cellular structure to substrates, thereby intensifying the flexibility as well as acoustic and thermal insulation of the final product. Drastic increase in demand for polymeric foams across industries, such as automotive, construction, and appliances, along with increased use of foam blowing agents in manufacturing of polyurethane foam is expected to play a major role in driving the growth of the global foam blowing agents market in the future. Polyurethane foam is one of the most commonly used types of polymer foam, which finds wide application in various industries, including electronics, flooring, automotive, construction, packaging, and medical devices. The trend is expected to continue over the foreseeable future, which in turn is projected to positively impact growth of the global foam blowing agents market. The medical industry has witnessed rapid growth in the recent past, characterized by various technological advancements. Also, an upturn in the global trade has brought a surge in the demand for safe and reliable packaging of products, which requires foam-based polymers due to their shock absorbing nature. Therefore, the strengthening packaging and medical devices industries are together expected to boost the global market growth during the forecast period.

Foam Blowing Agents Market Taxonomy

On the basis of type, the global market is classified into:

  • Hydrofluorocarbons (HFCs)
  • HFC-245fa
  • HFC-134a
  • HFC-152a
  • HFC-365mfc
  • Hydrochlorofluorocarbons (HCFCs)
  • HCFC-141b
  • HCFC-142-b
  • HCFC-22
  • Others
  • Hydrocarbons (HCs)
  • N-Pentane
  • Isopentane
  • Cyclopentane
  • Isobutane
  • Others
  • Others
  • Methyl formate
  • Hydrofluoroolefin (HFO)
  • Inert gases
  • Others

On the basis of application, the global market is classified into:

  • Polyurethane Foam
  • Polyolefin Foam
  • Polystyrene Foam
  • Phenolic Foam
  • Others

Reduction of greenhouse emissions a key focus areas of players in the global foam blowing agents market

The global foam blowing agents market is largely being driven by the constant advancements in technology. For instance, Chemours Company came up with Opteon™ 1100 foam blowing agent and BASF SPRAYTITE® foam insulation technologies, which ensure exceptional thermal insulation performance as well as reduced energy usage. These technologies also offer benefits such as reduction in greenhouse gas emissions and reducing environmental footprint.

Foam Blowing Agents Market Outlook – Rising living standards drive the global market growth

Rising living standards of people across the globe consequently contribute towards growth of end-use industries of foam blowing agents. Apart from this, in recent years, increase in purchasing power parity (PPP) has helped in the development of the flooring and furnishing industry, which demands polymeric foams for shock absorption. Thus, increased adoption of polymeric foams is projected to boost the global market growth.

Geographically, Asia Pacific has been the largest contributor to the global foam blowing agents market. The market growth can be owed to substantial infrastructural development, which helped the construction industry to expand in the region, especially in India, Thailand, South Korea and Vietnam; technological advancements and rapid industrialization. However, high costs associated with shifting technology, along with rampant changes in the United States Environmental Protection Agency (EPA), is looking at significant new alternatives policy (SNAP) in the foam blowing agents such as introduction of fourth-generation blowing agenta, AFA series and urethane foams, among others, which will replace the use of HCFC and HFC. It has taken effect since January 1, 2017, which in turn would restrain growth of the market of foam blowing agents.

Some of the major companies in the foam blowing agents market are Arkema S.A., Exxon Mobil Corporation, Daikin Industries, Ltd., ZEON Corporation, Honeywell International Inc., Haltermann GmbH, Harp International Ltd., Sinochem Group, E.I. du Pont de Nemours & Company, and Solvay S.A. Other well-known companies in the global market include Linde AG, Astra Polymers, AkzoNobel N.V., KSJN Catalyzing Industries, Lychem International Co., Limited, SPL Group, Sunwell Global Ltd., BEO International, and Marubeni Corporation.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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