Dublin, June 23, 2023 (GLOBE NEWSWIRE) -- The "Blowing Agents - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Blowing Agents estimated at US$1.4 Billion in the year 2022, is projected to reach a revised size of US$1.9 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030.
HC, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$936 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the HFC segment is readjusted to a revised 4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $370.1 Million, While China is Forecast to Grow at 6.9% CAGR
The Blowing Agents market in the U.S. is estimated at US$370.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$389.5 Million by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$246.2 Million by the year 2030.
Select Competitors (Total 47 Featured) -
- Arkema Group
- Daikin Industries Ltd.
- Dow, Inc.
- DuPont de Nemours, Inc.
- Exxon Mobil Corporation
- Foam Supplies, Inc.
- Harp International Ltd.
- Honeywell International, Inc.
- Linde AG
- Solvay SA
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 197 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.4 Billion |
| Forecasted Market Value (USD) by 2030 | $1.9 Billion |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- 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
- Blowing Agents - Global Key Competitors Percentage Market Share in 2022 (E)
- A Prelude into Leading Market Players
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increasing Demand for Polymeric Foam from Construction Sector to Spur Growth in Blowing Agents Market
- 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
- List of Global Reduction Measures for HFC
- Percentage Breakdown of Consumption Permitted for HFC during Phase Down in EU
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/fv99w9
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