発泡剤市場 : 2029年までの世界予測

出版:MarketsandMarkets(マーケッツアンドマーケッツ) 出版年月:2024年4月

Blowing Agent Market – Global Forecast to 2029

発泡剤市場 : 化学、発泡プロセス、タイプ [ハイドロクロロフルオロカーボン (HCFC)、ハイドロフルオロカーボン (HFCS)、炭化水素 (HCS)]、フォーム (ポリスチレンフォーム、フェノールフォーム、ポリオレフィンフォーム)、地域別 – 2029年までの世界予測
Blowing Agent Market by Chemistry, Foaming Process, Type (Hydrochlorofluorocarbons (HCFC), Hydrofluorocarbons (HFCS), Hydrocarbons (HCS)), Foam (Polystyrene Foam, Phenolic Foam, Polyolefin Foam), and Region – Global Forecast to 2029

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Report Overview

The Blowing agent market is projected to reach USD 2.3 billion by 2029, at a CAGR of 5.5% from USD 1.8 billion in 2024.

発泡剤市場は、2024 年の 18 億米ドルから 5.5% の CAGR で、2029 年までに 23 億米ドルに達すると予測されています。

Growing awareness about energy efficiency and stringent building codes are driving the demand for high-performance insulation materials. Blowing agent play a crucial role in enhancing the thermal insulation properties of foam materials used in buildings, appliances, and automotive applications. Ongoing research and development efforts are leading to the introduction of innovative blowing agent formulations and manufacturing processes. Advances in technology are resulting in blowing agent with improved performance characteristics, such as higher thermal conductivity, fire resistance, and processing efficiency, which are expected to drive market growth.

発泡剤市場 : 2029年までの世界予測

“Based on foam type, polyolefin foam is expected to be the fastest growing market during the forecast period, in terms of value.”

Polyolefin foams are considered more environmentally friendly compared to traditional foam materials made with blowing agent like HCFCs or HFCs. They are recyclable and can be reused or repurposed, contributing to a circular economy and reducing waste generation. Polyolefin foams are cost-effective materials compared to some alternative blowing agent and foam materials. Their availability, ease of processing, and relatively low production costs make them attractive options for manufacturers seeking economical solutions without compromising on performance or environmental sustainability.

発泡剤市場 : 2029年までの世界予測 ecosystem

“Based on type, Hydrocarbons is the largest market during the forecast period, in terms of value.”

Hydrocarbons are compatible with existing foam production equipment and processes, minimizing the need for costly modifications or retooling. This compatibility simplifies the transition for manufacturers switching from other blowing agent to hydrocarbons. Hydrocarbon foams offer excellent thermal insulation properties, low flammability, and good mechanical strength, making them suitable for a wide range of applications where performance is critical.

“Based on region, Asia Pacific is the fastest growing market for blowing agent in 2022, in terms of value.”

The construction industry in Asia Pacific has witnessed robust growth driven by infrastructure development, urban expansion, and increasing investments in residential, commercial, and industrial projects. Blowing agent are widely used in construction materials such as insulation foam, sealants, and adhesives, contributing to the high demand for these products in the region.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:

  •  By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
  •  By Designation: C-Level – 35%, Director Level – 25%, and Others – 40%
  •  By Region: North America – 30%, Europe – 20%, Asia Pacific – 40%, Middle East & Africa-5%, and Latin America-5%

発泡剤市場 : 2029年までの世界予測 region

The key players in this market are Honeywell International Inc. (US), Solvay (Belgium), Arkema (France), Exxon Mobil Corporation (US), Linde PLC (UK), Daikin Industries Ltd. (Japan), The Chemours Company (US), BASF SE (Germany), HCS Group (Germany), FSI (US), and Harp International Ltd. (UK).

Research Coverage

This report segments the blowing agent market based on type, foam, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the blowing agent market.

Key benefits of buying this report

This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the blowing agent market, high-growth regions, and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

• Analysis of key drivers (Increase in demand for blowing agent in different end use industries, High growth in global polymeric foams market), restraints (Frequent changes in the choice of blowing agent according to environmental regulations, hindrance due to unwanted chemical reactions can lead hurdles in the production of blowing agent), opportunities (Innovations in performance advancements & eco-friendly blowing agent will create new opportunities in the market, technological advancements & research and development) and challenges (Environmental challenges, fluctuations in raw material costs and supply chain disruptions).
• Market Penetration: Comprehensive information on the blowing agent market offered by top players in the global blowing agent market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the blowing agent market.
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for blowing agent market across regions.
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global blowing agent market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the blowing agent market

Table of Contents

1            INTRODUCTION            33

1.1         STUDY OBJECTIVES      33

1.2         MARKET DEFINITION   33

1.3         STUDY SCOPE  34

1.3.1      MARKET SEGMENTATION         34

1.3.2      REGIONS COVERED      34

1.3.3      INCLUSIONS & EXCLUSIONS     35

1.3.4      YEARS CONSIDERED     35

1.4         CURRENCY CONSIDERED          35

1.5         UNITS CONSIDERED     36

1.6         STAKEHOLDERS            36

1.7         SUMMARY OF CHANGES            36

1.8         RECESSION IMPACT      36

2            RESEARCH METHODOLOGY     37

2.1         RESEARCH DATA           37

FIGURE 1           BLOWING AGENT MARKET: RESEARCH DESIGN             37

2.1.1      SECONDARY DATA       38

2.1.1.1   Key data from secondary sources     38

2.1.2      PRIMARY DATA 39

2.1.2.1   Key data from primary sources         39

2.1.2.2   List of primary interview participants–demand and supply side  39

2.1.2.3   Key industry insights          40

2.1.2.4   Breakdown of primary interviews     40

2.2         MARKET SIZE ESTIMATION       40

2.2.1      BOTTOM-UP APPROACH           41

FIGURE 2           BLOWING AGENT MARKET: BOTTOM-UP APPROACH   41

2.2.2      TOP-DOWN APPROACH             41

FIGURE 3           BLOWING AGENT MARKET: TOP-DOWN APPROACH     41

FIGURE 4           MARKET SIZE ESTIMATION: TOP-DOWN APPROACH    42

2.3         FORECAST NUMBER CALCULATION     42

FIGURE 5           DEMAND-SIDE FORECAST PROJECTIONS           42

2.4         DATA TRIANGULATION             42

FIGURE 6           BLOWING AGENT MARKET: DATA TRIANGULATION    43

2.5         FACTOR ANALYSIS        43

2.6         ASSUMPTIONS 44

2.7         LIMITATIONS & RISKS   44

2.8         RECESSION IMPACT      45

3            EXECUTIVE SUMMARY 46

FIGURE 7           POLYURETHANE FOAM SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD     46

FIGURE 8           HYDROCARBONS (HC) TO BE FASTEST-GROWING TYPE DURING  FORECAST PERIOD   47

FIGURE 9           ASIA PACIFIC TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD       47

4            PREMIUM INSIGHTS      49

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BLOWING  AGENT MARKET            49

FIGURE 10         ASIA PACIFIC TO LEAD BLOWING AGENT MARKET DURING FORECAST PERIOD       49

4.2         BLOWING AGENT MARKET, BY FOAM   49

FIGURE 11         POLYURETHANE FOAM TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD     49

4.3         BLOWING AGENT MARKET, BY TYPE    50

FIGURE 12         HYDROCARBONS (HC) TO LEAD MARKET DURING FORECAST PERIOD              50

4.4         BLOWING AGENT MARKET, BY KEY COUNTRIES            50

FIGURE 13         INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD              50

5            MARKET OVERVIEW     51

5.1         INTRODUCTION            51

5.2         MARKET DYNAMICS     51

FIGURE 14         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN BLOWING AGENT MARKET  51

5.2.1      DRIVERS            52

5.2.1.1   Increasing demand for blowing agents in different end-use industries      52

TABLE 1             AUTOMOTIVE INDUSTRY STATISTICS, BY COUNTRY, 2021–2022 (UNIT)       53

5.2.1.2   High growth of global polymeric foams market            53

5.2.2      RESTRAINTS     54

5.2.2.1   Frequent changes in choice of blowing agents 54

5.2.2.2   Hurdles in manufacturing blowing agents due to unwanted chemical reactions              54

5.2.3      OPPORTUNITIES           54

5.2.3.1   Increasing demand for eco-friendly blowing agents      54

5.2.3.2   Technological advancements leading to improved efficiency and quality control              55

5.2.4      CHALLENGES   55

5.2.4.1   Release of VOCs to cause phase-out of blowing agents 55

5.2.4.2   Fluctuations in raw material costs and supply chain disruptions 55

6            INDUSTRY TRENDS       56

6.1         INTRODUCTION            56

6.2         VALUE CHAIN ANALYSIS            56

FIGURE 15         BLOWING AGENT MARKET: VALUE CHAIN ANALYSIS    56

6.2.1      RAW MATERIAL SUPPLIERS       57

6.2.2      BLOWING AGENT MANUFACTURERS    57

6.2.3      FOAM MANUFACTURERS           57

6.2.4      END USERS       57

6.3         REGULATORY LANDSCAPE       57

6.3.1      REGULATIONS 57

6.3.2      KYOTO PROTOCOL      57

6.3.3      NORTH AMERICA          58

6.3.3.1   US ENVIRONMENT PROTECTION AGENCY (EPA)–SNAP PROGRAM              58

6.3.3.2   Regulations for manufacturing insulation with low-GWP blowing agents in Canada  58

6.3.3.3   Regulations for licensing HFCs in Mexico      59

6.3.4      EUROPE             59

6.3.4.1   European Union F-Gas Regulation (Regulation (EU) No 517/2014)       59

6.3.4.2   REACH legislation (Regulation (EC) No 1907/2006)  59

6.3.4.3   Ozone Depleting Substances and Fluorinated Greenhouse Gases Regulations 2008 (ODSR & FGG Regulations)  59

6.3.5      ASIA PACIFIC    60

6.3.5.1   China’s ODS phase-out program     60

6.3.5.2   India’s HFC phase-out program       60

6.3.6      REGULATORY BODIES, GOVERNMENT AGENCIES, & OTHER ORGANIZATIONS          60

TABLE 2             NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         60

TABLE 3             ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         61

TABLE 4             EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 61

6.4         TRADE ANALYSIS          62

6.4.1      IMPORT SCENARIO       62

FIGURE 16         IMPORT OF COMPOUND PLASTICIZERS FOR RUBBER OR PLASTICS, BY KEY COUNTRIES, 2018–2022 (USD MILLION)          62

6.4.2      EXPORT SCENARIO       63

FIGURE 17         EXPORT OF COMPOUND PLASTICIZERS FOR RUBBER OR PLASTICS, BY KEY COUNTRIES, 2018–2022 (USD MILLION)          63

6.5         ECOSYSTEM     64

FIGURE 18         BLOWING AGENT MARKET: ECOSYSTEM MAPPING       64

TABLE 5             BLOWING AGENT MARKET: ROLE IN ECOSYSTEM         65

6.6         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       65

FIGURE 19         NEW REVENUE POCKETS IN BLOWING AGENT MARKET              65

6.7         TECHNOLOGY ANALYSIS           66

6.7.1      KEY TECHNOLOGY       66

6.7.1.1   HFO-based spray foam technology  66

6.7.2      COMPLEMENTARY TECHNOLOGY        66

6.7.2.1   Bio-based blowing agents   66

6.7.3      ADJACENT TECHNOLOGY         66

6.7.3.1   Energy storage materials    66

6.8         RAW MATERIAL ANALYSIS         67

6.8.1      CHEMICAL COMPOUNDS          67

6.8.2      HYDROCARBON BLOWING AGENTS      67

6.9         PORTER’S FIVE FORCES ANALYSIS         68

FIGURE 20         BLOWING AGENT MARKET: PORTER’S FIVE FORCES ANALYSIS              68

6.9.1      BARGAINING POWER OF SUPPLIERS     68

6.9.2      THREAT OF NEW ENTRANTS    69

6.9.3      THREAT OF SUBSTITUTES         69

6.9.4      BARGAINING POWER OF BUYERS           69

6.9.5      INTENSITY OF COMPETITIVE RIVALRY 69

TABLE 6             BLOWING AGENT MARKET: PORTER’S FIVE FORCES ANALYSIS              70

6.10       KEY CONFERENCES AND EVENTS          70

TABLE 7             BLOWING AGENT MARKET: KEY CONFERENCES AND EVENTS, 2024–2025          70

6.11       CASE STUDY ANALYSIS 71

6.11.1    ECOMATE: A SUPERIOR BLOWING AGENT FOR HIGH HUMIDITY AND FIRE RESISTANCE          71

6.11.2    PREPARATION AND CHARACTERIZATION OF SODIUM TRISILICATE AND CALCIUM CARBONATE IN MAGNESIUM ALLOY FOAM       71

6.12       PATENT ANALYSIS        72

6.12.1    METHODOLOGY           73

6.12.2    DOCUMENT TYPE         73

FIGURE 21         BLOWING AGENT MARKET: GRANTED PATENTS           73

6.12.3    PUBLICATION TRENDS IN LAST 10 YEARS          74

FIGURE 22         NUMBER OF PATENTS YEAR-WISE FROM 2013 TO 2023  74

6.12.4    INSIGHTS          74

6.12.5    LEGAL STATUS 74

6.12.6    JURISDICTION ANALYSIS           75

FIGURE 23         TOP JURISDICTION, BY DOCUMENT     75

6.12.7    TOP APPLICANTS          75

FIGURE 24         TOP 10 PATENT APPLICANTS   75

TABLE 8             BLOWING AGENT MARKET: PATENTS BY BASF SE          76

TABLE 9             BLOWING AGENT MARKET: PATENTS BY DOW GLOBAL TECHNOLOGIES LLC    76

TABLE 10           BLOWING AGENT MARKET: PATENTS BY EVONIK OPERATIONS GMBH     76

TABLE 11           TOP 20 PATENT OWNERS IN LAST TEN YEARS  77

6.13       KEY STAKEHOLDERS AND BUYING CRITERIA    78

6.13.1    KEY STAKEHOLDERS IN BUYING PROCESS         78

FIGURE 25         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS   78

TABLE 12           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS (%)          78

6.13.2    BUYING CRITERIA         78

FIGURE 26         KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS         78

TABLE 13           KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS         79

6.14       MACROECONOMIC INDICATORS           79

6.14.1    GLOBAL GDP TRENDS 79

TABLE 14           TRENDS OF PER CAPITA GDP, 2020–2022 (USD) 80

TABLE 15           GDP GROWTH ESTIMATE AND PROJECTION OF KEY COUNTRIES, 2023–2027 81

6.14.2    TRENDS IN AUTOMOTIVE INDUSTRY   82

TABLE 16           VEHICLE PRODUCTION STATISTICS, BY COUNTRY, 2021–2022 (UNIT) 82

6.15       PRICING ANALYSIS        83

6.15.1    AVERAGE SELLING PRICE, BY REGION  83

FIGURE 27         AVERAGE SELLING PRICE TREND, BY REGION (USD/KG)              83

6.15.2    AVERAGE SELLING PRICE OF PRODUCTS OFFERED  BY KEY PLAYERS, BY FOAM TYPE 83

FIGURE 28         AVERAGE SELLING PRICE TREND OF PRODUCTS OFFERED BY KEY PLAYERS,  BY FOAM (USD/KG)      83

6.15.3    AVERAGE SELLING PRICE, BY FOAM (USD/KG) 84

FIGURE 29         AVERAGE SELLING PRICE TREND, BY FOAM (USD/KG) 84

6.15.4    AVERAGE SELLING PRICE, BY TYPE (USD/KG)  84

TABLE 17           AVERAGE SELLING PRICE OF BLOWING AGENTS, BY TYPE (USD/KG)          84

6.16       INVESTMENT AND FUNDING SCENARIO            84

FIGURE 30         INVESTMENT AND FUNDING SCENARIO, 2019–2023 (USD MILLION)          84

6.17       FUNDING, DATA            85

FIGURE 31         FUNDING, BY END USE 85

7            BLOWING AGENT MARKET, BY CHEMISTRY      86

7.1         INTRODUCTION            86

7.2         PHYSICAL BLOWING AGENT     86

7.3         CHEMICAL BLOWING AGENT   87

8            BLOWING AGENT MARKET, BY FOAMING PROCESS       88

8.1         INTRODUCTION            88

8.2         ENDOTHERMIC CHEMICAL FOAMING AGENTS 88

8.3         EXOTHERMIC CHEMICAL FOAMING AGENTS    88

8.4         ENDOTHERMIC AND EXOTHERMIC BLEND CHEMICAL  FOAMING AGENTS             89

9            BLOWING AGENT MARKET, BY FOAM   90

9.1         INTRODUCTION            91

FIGURE 32         POLYURETHANE FOAM TO DOMINATE BLOWING AGENT MARKET            91

TABLE 18           BLOWING AGENT MARKET SIZE, BY FOAM, 2020–2023 (KILOTON)       92

TABLE 19           BLOWING AGENT MARKET SIZE, BY FOAM, 2024–2029 (KILOTON)       92

TABLE 20           BLOWING AGENT MARKET SIZE, BY FOAM, 2020–2023 (USD MILLION)          92

TABLE 21           BLOWING AGENT MARKET SIZE, BY FOAM, 2024–2029 (USD MILLION)          93

9.1.1      POLYURETHANE FOAM (PU)    93

9.1.1.1   Appliances           93

9.1.1.2   Apparel 93

9.1.1.3   Automotive         93

9.1.1.4   Building & construction     94

9.1.1.5   Electronics           94

9.1.1.6   Flooring 94

9.1.1.7   Furnishing           94

9.1.1.8   Marine   94

9.1.1.9   Medical 94

9.1.1.10 Packaging            94

9.1.2      POLYSTYRENE FOAM (PS)         94

9.1.2.1   Building & construction     95

9.1.2.2   Food packaging    95

9.1.2.3   Transportation    95

9.1.2.4   Other applications             95

9.1.3      PHENOLIC FOAM          95

9.1.3.1   Building & construction     95

9.1.3.2   Insulation            96

9.1.3.3   Other applications             96

9.1.4      POLYOLEFIN FOAM      96

9.1.4.1   Automotive         96

9.1.4.2   Medical 96

9.1.4.3   Building & construction     96

9.1.4.4   Packaging            96

9.1.4.5   Other applications             97

9.1.5      OTHER FOAMS 97

9.1.5.1   Automotive         97

9.1.5.2   Building & construction     97

9.1.5.3   Packaging            97

9.1.5.4   Other applications             97

9.2         HCFCS MARKET, BY FOAM         97

FIGURE 33         PU FOAM TO BE LARGEST APPLICATION OF HCFC BLOWING AGENT 98

TABLE 22           HCFC BLOWING AGENT MARKET SIZE, BY FOAM, 2020–2023 (KILOTON)       98

TABLE 23           HCFC BLOWING AGENT MARKET SIZE, BY FOAM, 2024–2029 (KILOTON)       98

TABLE 24           HCFC BLOWING AGENT MARKET SIZE, BY FOAM, 2020–2023 (USD MILLION) 99

TABLE 25           HCFC BLOWING AGENT MARKET SIZE, BY FOAM, 2024–2029 (USD MILLION) 99

9.3         HFCS MARKET, BY FOAM           99

FIGURE 34         PU FOAM TO BE LARGEST APPLICATION OF HFC BLOWING AGENT 100

TABLE 26           HFC BLOWING AGENT MARKET SIZE, BY FOAM, 2020–2023 (KILOTON)       100

TABLE 27           HFC BLOWING AGENT MARKET SIZE, BY FOAM, 2024–2029 (KILOTON)       100

TABLE 28           HFC BLOWING AGENT MARKET SIZE, BY FOAM, 2020–2023 (USD MILLION) 101

TABLE 29           HFC BLOWING AGENT MARKET SIZE, BY FOAM, 2024–2029 (USD MILLION) 101

9.4         HYDROCARBONS (HCS) MARKET, BY FOAM      101

FIGURE 35         PU FOAM TO BE LARGEST APPLICATION OF HC BLOWING AGENT 102

TABLE 30           HC BLOWING AGENT MARKET SIZE, BY FOAM, 2020–2023 (KILOTON)       102

TABLE 31           HC BLOWING AGENT MARKET SIZE, BY FOAM, 2024–2029 (KILOTON)       102

TABLE 32           HC BLOWING AGENT MARKET SIZE, BY FOAM, 2020–2023 (USD MILLION)          103

TABLE 33           HC BLOWING AGENT MARKET SIZE, BY FOAM, 2024–2029 (USD MILLION)          103

9.5         OTHER BLOWING AGENTS MARKET, BY FOAM 103

FIGURE 36         PU FOAM TO BE LARGEST APPLICATION OF OTHER BLOWING AGENTS             104

TABLE 34           OTHER BLOWING AGENTS MARKET SIZE, BY FOAM, 2020–2023 (KILOTON)       104

TABLE 35           OTHER BLOWING AGENTS MARKET SIZE, BY FOAM, 2024–2029 (KILOTON)       104

TABLE 36           OTHER BLOWING AGENTS MARKET SIZE, BY FOAM, 2020–2023 (USD MILLION) 105

TABLE 37           OTHER BLOWING AGENTS MARKET SIZE, BY FOAM, 2024–2029 (USD MILLION) 105

10          BLOWING AGENT MARKET, BY TYPE    106

10.1       INTRODUCTION            107

FIGURE 37         HFC TO BE LARGEST SEGMENT IN OVERALL BLOWING AGENT MARKET            107

TABLE 38           BLOWING AGENT MARKET SIZE, BY TYPE, 2020–2023 (KILOTON)       108

TABLE 39           BLOWING AGENT MARKET SIZE, BY TYPE, 2024–2029 (KILOTON)       109

TABLE 40           BLOWING AGENT MARKET SIZE, BY TYPE, 2020–2023 (USD MILLION)          110

TABLE 41           BLOWING AGENT MARKET SIZE, BY TYPE, 2024–2029 (USD MILLION)          111

10.2       HYDROCHLOROFLUOROCARBONS (HCFCS)     111

10.2.1    DEVELOPED COUNTRIES IN EUROPE AND NORTH AMERICA PHASING OUT USE OF HCFCS      111

10.2.2    HCFC-141B        112

10.2.3    HCFC-142B        113

10.2.4    HCFC-22            113

10.3       HYDROFLUOROCARBONS (HFCS)         113

10.3.1    STRONG DEMAND FOR HFC BLOWING AGENT IN XPS FOAM APPLICATION  113

10.3.2    HFC-245FA        114

10.3.3    HFC-134A          114

10.3.4    HFC-365MFC/227EA       114

10.3.5    HFC-152A          114

10.4       HYDROCARBONS (HCS)             115

10.4.1    DEMAND FOR HC BLOWING AGENT INCREASING AS REPLACEMENT FOR HFCS OWING TO ITS LOW GWP AND ODP 115

10.4.2    N-PENTANE      115

10.4.3    CYCLOPENTANE           116

10.4.4    ISOPENTANE    116

10.4.5    ISOBUTANE      116

10.4.6    N-BUTANE        116

10.4.7    OTHER HCS      117

10.5       OTHER TYPES  117

10.5.1    HYDROFLUOROOLEFIN (HFOS)             117

10.5.2    INERT GASES    118

10.5.3    METHYL FORMATE       118

10.6       COMPARISON OF BLOWING AGENTS    118

TABLE 42           COMPARISON OF BLOWING AGENTS, BY PROPERTIES  119

11          BLOWING AGENT MARKET, BY REGION             120

11.1       INTRODUCTION            121

FIGURE 38         CHINA TO LEAD BLOWING AGENT MARKET DURING FORECAST PERIOD       121

TABLE 43           BLOWING AGENT MARKET, BY REGION, 2020–2023 (KILOTON)              121

TABLE 44           BLOWING AGENT MARKET, BY REGION, 2024–2029 (KILOTON)              122

TABLE 45           BLOWING AGENT MARKET, BY REGION, 2020–2023 (USD MILLION)          122

TABLE 46           BLOWING AGENT MARKET, BY REGION, 2024–2029 (USD MILLION)          122

11.2       NORTH AMERICA          123

11.2.1    RECESSION IMPACT      123

FIGURE 39         NORTH AMERICA: BLOWING AGENT MARKET SNAPSHOT              123

TABLE 47           NORTH AMERICA: BLOWING AGENT MARKET, BY COUNTRY, 2020–2023 (KILOTON)   124

TABLE 48           NORTH AMERICA: BLOWING AGENT MARKET, BY COUNTRY, 2024–2029 (KILOTON)   124

TABLE 49           NORTH AMERICA: BLOWING AGENT MARKET, BY COUNTRY, 2020–2023 (USD MILLION)          124

TABLE 50           NORTH AMERICA: BLOWING AGENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          124

TABLE 51           NORTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)             125

TABLE 52           NORTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)             126

TABLE 53           NORTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)     127

TABLE 54           NORTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)     128

11.2.2    US         128

11.2.2.1 Strong demand from packaging and automotive sectors  to drive market 128

TABLE 55           US: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)              129

TABLE 56           US: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)              129

TABLE 57           US: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          129

TABLE 58           US: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          130

11.2.3    CANADA            130

11.2.3.1 Presence of strong construction sector to drive demand             130

TABLE 59           CANADA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       130

TABLE 60           CANADA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       131

TABLE 61           CANADA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          131

TABLE 62           CANADA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          131

11.2.4    MEXICO             132

11.2.4.1 Requirement for improved packaging solutions to drive blowing agent market              132

TABLE 63           MEXICO: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       132

TABLE 64           MEXICO: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       132

TABLE 65           MEXICO: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          133

TABLE 66           MEXICO: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          133

11.3       EUROPE             133

11.3.1    RECESSION IMPACT      134

FIGURE 40         EUROPE: BLOWING AGENT MARKET SNAPSHOT           134

TABLE 67           EUROPE: BLOWING AGENT MARKET, BY COUNTRY, 2020–2023 (KILOTON)       135

TABLE 68           EUROPE: BLOWING AGENT MARKET, BY COUNTRY, 2024–2029 (KILOTON)       135

TABLE 69           EUROPE: BLOWING AGENT MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 136

TABLE 70           EUROPE: BLOWING AGENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 136

TABLE 71           EUROPE: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       137

TABLE 72           EUROPE: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       138

TABLE 73           EUROPE: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          139

TABLE 74           EUROPE: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          140

11.3.2    GERMANY         140

11.3.2.1 Presence of strong automotive industry to drive demand for blowing agent              140

TABLE 75           GERMANY: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       141

TABLE 76           GERMANY: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       141

TABLE 77           GERMANY: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION) 141

TABLE 78           GERMANY: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION) 141

11.3.3    UK         142

11.3.3.1 Government initiatives supporting automotive sector to fuel market growth              142

TABLE 79           UK: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       142

TABLE 80           UK: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       142

TABLE 81           UK: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          143

TABLE 82           UK: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          143

11.3.4    FRANCE             143

11.3.4.1 Presence of strong construction industry to fuel market             143

TABLE 83           FRANCE: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       144

TABLE 84           FRANCE: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       144

TABLE 85           FRANCE: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          144

TABLE 86           FRANCE: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          144

11.3.5    RUSSIA 145

11.3.5.1 Slowed growth of building & construction sector due to Russia-Ukraine conflict to impact market      145

TABLE 87           RUSSIA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       145

TABLE 88           RUSSIA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       145

TABLE 89           RUSSIA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          146

TABLE 90           RUSSIA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          146

11.3.6    ITALY   146

11.3.6.1 Automotive industry to be major consumer of blowing  agent in Italy     146

TABLE 91           ITALY: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       146

TABLE 92           ITALY: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       147

TABLE 93           ITALY: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          147

TABLE 94           ITALY: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          147

11.3.7    SPAIN   147

11.3.7.1 Growing packaging and automotive industries to drive blowing agent market              147

TABLE 95           SPAIN: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       148

TABLE 96           SPAIN: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       148

TABLE 97           SPAIN: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          148

TABLE 98           SPAIN: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          148

11.3.8    TURKEY             149

11.3.8.1 HC blowing agent to witness highest growth in Turkey 149

TABLE 99           TURKEY: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       149

TABLE 100         TURKEY: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       149

TABLE 101         TURKEY: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          150

TABLE 102         TURKEY: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          150

11.3.9    REST OF EUROPE           150

TABLE 103         REST OF EUROPE: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)             150

TABLE 104         REST OF EUROPE: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)             150

TABLE 105         REST OF EUROPE: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)     151

TABLE 106         REST OF EUROPE: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)     151

11.4       ASIA PACIFIC    151

11.4.1    RECESSION IMPACT      151

FIGURE 41         ASIA PACIFIC: BLOWING AGENT MARKET SNAPSHOT   152

TABLE 107         AISA PACIFIC: BLOWING AGENT MARKET, BY COUNTRY, 2020–2023 (KILOTON)             152

TABLE 108         AISA PACIFIC: BLOWING AGENT MARKET, BY COUNTRY, 2024–2029 (KILOTON)             153

TABLE 109         AISA PACIFIC: BLOWING AGENT MARKET, BY COUNTRY, 2020–2023 (USD MILLION)     153

TABLE 110         AISA PACIFIC: BLOWING AGENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     153

TABLE 111         AISA PACIFIC: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       154

TABLE 112         AISA PACIFIC: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       155

TABLE 113         AISA PACIFIC: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION) 156

TABLE 114         AISA PACIFIC: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION) 157

11.4.2    CHINA  157

11.4.2.1 Stringent regulatory frameworks and open economy policy to support market growth   157

TABLE 115         CHINA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       158

TABLE 116         CHINA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       158

TABLE 117         CHINA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          159

TABLE 118         CHINA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          159

11.4.3    JAPAN  159

11.4.3.1 Presence of large automotive industry to drive demand              159

TABLE 119         JAPAN: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       160

TABLE 120         JAPAN: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       160

TABLE 121         JAPAN: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          160

TABLE 122         JAPAN: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          160

11.4.4    INDIA   161

11.4.4.1 Smart cities’ mission and affordable housing initiatives by government to boost market growth     161

TABLE 123         INDIA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       161

TABLE 124         INDIA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       161

TABLE 125         INDIA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          162

TABLE 126         INDIA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          162

11.4.5    SOUTH KOREA 162

11.4.5.1 Government policies to boost market growth 162

TABLE 127         SOUTH KOREA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)             163

TABLE 128         SOUTH KOREA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)             163

TABLE 129         SOUTH KOREA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)     163

TABLE 130         SOUTH KOREA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)     163

11.4.6    INDONESIA       164

11.4.6.1 Increased consumption and FDIs to boost market growth          164

TABLE 131         INDONESIA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       164

TABLE 132         INDONESIA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       164

TABLE 133         INDONESIA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION) 165

TABLE 134         INDONESIA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION) 165

11.4.7    THAILAND        165

11.4.7.1 HC segment to dominate overall market in Thailand   165

TABLE 135         THAILAND: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       166

TABLE 136         THAILAND: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       166

TABLE 137         THAILAND: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION) 166

TABLE 138         THAILAND: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION) 166

11.4.8    AUSTRALIA       167

11.4.8.1 Growing trend toward interactive packaging to propel demand  167

TABLE 139         AUSTRALIA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       167

TABLE 140         AUSTRALIA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       167

TABLE 141         AUSTRALIA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION) 168

TABLE 142         AUSTRALIA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION) 168

11.4.9    REST OF ASIA PACIFIC  168

TABLE 143         REST OF AISA PACIFIC: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)   168

TABLE 144         REST OF AISA PACIFIC: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)   169

TABLE 145         REST OF AISA PACIFIC: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          169

TABLE 146         REST OF AISA PACIFIC: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          169

11.5       MIDDLE EAST & AFRICA             170

11.5.1    RECESSION IMPACT      170

TABLE 147         MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY COUNTRY,  2020–2023 (KILOTON)        170

TABLE 148         MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY COUNTRY,  2024–2029 (KILOTON)        170

TABLE 149         MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY COUNTRY,  2020–2023 (USD MILLION) 171

TABLE 150         MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY COUNTRY,  2024–2029 (USD MILLION) 171

TABLE 151         MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)   172

TABLE 152         MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)   173

TABLE 153         MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          174

TABLE 154         MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          175

11.5.2    GCC COUNTRIES           175

11.5.2.1 Saudi Arabia        175

11.5.2.1.1            Government initiatives to drive demand for blowing agents       175

TABLE 155         SAUDI ARABIA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       176

TABLE 156         SAUDI ARABIA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       176

TABLE 157         SAUDI ARABIA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION) 176

TABLE 158         SAUDI ARABIA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION) 177

11.5.2.2 UAE      177

11.5.2.2.1            Business-friendly policies and investment initiatives  to drive market              177

TABLE 159         UAE: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       177

TABLE 160         UAE: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       178

TABLE 161         UAE: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          178

TABLE 162         UAE: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          178

11.5.2.3 Rest of GCC Countries      179

11.5.2.3.1            Strong growth of end-use industries to drive demand   179

TABLE 163         REST OF GCC: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       179

TABLE 164         REST OF GCC: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       179

TABLE 165         REST OF GCC: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION) 179

TABLE 166         REST OF GCC: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION) 180

11.5.3    REST OF MIDDLE EAST & AFRICA           180

TABLE 167         REST OF MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY TYPE,  2020–2023 (KILOTON)            180

TABLE 168         REST OF MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY TYPE,  2024–2029 (KILOTON)            180

TABLE 169         REST OF MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY TYPE,  2020–2023 (USD MILLION)    181

TABLE 170         REST OF MIDDLE EAST & AFRICA: BLOWING AGENT MARKET, BY TYPE,  2024–2029 (USD MILLION)    181

11.6       SOUTH AMERICA           181

11.6.1    RECESSION IMPACT      181

TABLE 171         SOUTH AMERICA: BLOWING AGENT MARKET, BY COUNTRY,  2020–2023 (KILOTON)   182

TABLE 172         SOUTH AMERICA: BLOWING AGENT MARKET, BY COUNTRY,  2024–2029 (KILOTON)   182

TABLE 173         SOUTH AMERICA: BLOWING AGENT MARKET, BY COUNTRY, 2020–2023 (USD MILLION)          182

TABLE 174         SOUTH AMERICA: BLOWING AGENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          182

TABLE 175         SOUTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)             183

TABLE 176         SOUTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)             184

TABLE 177         SOUTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)     185

TABLE 178         SOUTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)     186

11.6.2    BRAZIL 186

11.6.2.1 Huge demand from growing automotive sector to drive market  186

TABLE 179         BRAZIL: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       187

TABLE 180         BRAZIL: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       187

TABLE 181         BRAZIL: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          187

TABLE 182         BRAZIL: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          188

11.6.3    ARGENTINA      188

11.6.3.1 Government’s strategic development plan to boost packaging industry     188

TABLE 183         ARGENTINA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)       188

TABLE 184         ARGENTINA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)       189

TABLE 185         ARGENTINA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION) 189

TABLE 186         ARGENTINA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION) 189

11.6.4    REST OF SOUTH AMERICA         190

TABLE 187         REST OF SOUTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (KILOTON)      190

TABLE 188         REST OF SOUTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (KILOTON)      190

TABLE 189         REST OF SOUTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2020–2023 (USD MILLION)             190

TABLE 190         REST OF SOUTH AMERICA: BLOWING AGENT MARKET, BY TYPE, 2024–2029 (USD MILLION)             191

12          COMPETITIVE LANDSCAPE       192

12.1       OVERVIEW        192

12.2       KEY PLAYER STRATEGIES          193

FIGURE 42         OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN BLOWING AGENT MARKET BETWEEN 2019 AND 2023    193

12.3       REVENUE ANALYSIS      194

FIGURE 43         REVENUE ANALYSIS OF KEY COMPANIES, 2020–2022      194

TABLE 191         THREE-YEAR REVENUE ANALYSIS OF KEY COMPANIES IN BLOWING AGENT MARKET       194

12.4       MARKET SHARE ANALYSIS         195

FIGURE 44         SHARES OF LEADING COMPANIES IN BLOWING AGENT MARKET, 2023  195

TABLE 192         BLOWING AGENT MARKET: DEGREE OF COMPETITION              195

12.5       COMPANY VALUATION AND FINANCIAL METRICS        197

FIGURE 45         COMPANY VALUATION OF LEADING COMPANIES IN BLOWING  AGENT MARKET, 2023         197

FIGURE 46         FINANCIAL METRICS OF LEADING COMPANIES IN BLOWING AGENT  MARKET, 2023 198

12.6       BRAND/PRODUCT COMPARISON          198

FIGURE 47         BLOWING AGENT MARKET: BRAND/PRODUCT COMPARISON              198

12.7       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   199

12.7.1    STARS  199

12.7.2    EMERGING LEADERS    199

12.7.3    PERVASIVE PLAYERS     199

12.7.4    PARTICIPANTS 199

FIGURE 48         BLOWING AGENT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023     200

12.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      200

12.7.5.1 Company product footprint, by type 200

TABLE 193         BLOWING AGENT MARKET: TYPE FOOTPRINT 200

12.7.5.2 Company product footprint, by foam type      202

TABLE 194         BLOWING AGENT MARKET: FOAM TYPE FOOTPRINT   202

12.7.5.3 Company region footprint  203

TABLE 195         BLOWING AGENT MARKET: REGION FOOTPRINT          203

TABLE 196         COMPANY OVERALL FOOTPRINT          204

12.8       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          205

12.8.1    PROGRESSIVE COMPANIES       205

12.8.2    RESPONSIVE COMPANIES          205

12.8.3    DYNAMIC COMPANIES 205

12.8.4    STARTING BLOCKS       205

FIGURE 49         BLOWING AGENT MARKET: COMPANY EVALUATION MATRIX  (STARTUPS/SMES), 2023             206

12.8.5    COMPETITIVE BENCHMARKING            206

TABLE 197         BLOWING AGENT MARKET: DETAILED LIST OF KEY STARTUPS/SMES           206

TABLE 198         BLOWING AGENT MARKET: COMPETITIVE BENCHMARKING OF START-UPS/SMES    207

12.9       COMPETITIVE SCENARIO & TRENDS     208

12.9.1    PRODUCT LAUNCHES  208

TABLE 199         BLOWING AGENT MARKET: PRODUCT LAUNCHES, JANUARY 2019–DECEMBER 2023   208

12.9.2    DEALS  209

TABLE 200         BLOWING AGENT MARKET: DEALS, JANUARY 2019–DECEMBER 2023      209

12.9.3    EXPANSIONS    213

TABLE 201         BLOWING AGENT MARKET: EXPANSIONS, JANUARY 2019–DECEMBER 2023            213

13          COMPANY PROFILES    216

(Business overview, Products/Solutions/Services offered, Recent Developments, Deals, Expansions, MnM view, Key strengths, Strategic choices, Weaknesses and competitive threats) *

13.1       MAJOR COMPANIES      216

13.1.1    HONEYWELL INTERNATIONAL INC.      216

TABLE 202         HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW              216

FIGURE 50         HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT              217

TABLE 203         HONEYWELL INTERNATIONAL INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED   217

TABLE 204         HONEYWELL INTERNATIONAL INC.: DEALS, JANUARY 2019–DECEMBER 2023            218

TABLE 205         HONEYWELL INTERNATIONAL INC.: EXPANSIONS, JANUARY 2019–DECEMBER 2023   219

13.1.2    SOLVAY             220

TABLE 206         SOLVAY SA: BUSINESS OVERVIEW          220

FIGURE 51         SOLVAY: COMPANY SNAPSHOT             221

TABLE 207         SOLVAY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 221

TABLE 208         SOLVAY: DEALS, JANUARY 2019–DECEMBER 2023            222

TABLE 209         SOLVAY: EXPANSIONS, JANUARY 2019–DECEMBER 2023 223

13.1.3    ARKEMA            225

TABLE 210         ARKEMA: BUSINESS OVERVIEW 225

FIGURE 52         ARKEMA: COMPANY SNAPSHOT            226

TABLE 211         ARKEMA: PRODUCTS/SERVICES/SOLUTIONS OFFERED 226

TABLE 212         ARKEMA: DEALS, JANUARY 2019–DECEMBER 2023           227

13.1.4    EXXON MOBIL CORPORATION 229

TABLE 213         EXXON MOBIL CORPORATION: BUSINESS OVERVIEW   229

FIGURE 53         EXXON MOBIL CORPORATION: COMPANY SNAPSHOT 230

TABLE 214         EXXON MOBIL CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED   230

TABLE 215         EXXON MOBIL CORPORATION: EXPANSIONS, JANUARY 2019–DECEMBER 2023            231

13.1.5    LINDE PLC        233

TABLE 216         LINDE PLC: BUSINESS OVERVIEW          233

FIGURE 54         LINDE PLC: COMPANY SNAPSHOT        234

TABLE 217         LINDE PLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED              234

TABLE 218         LINDE PLC: DEALS, JANUARY 2019–DECEMBER 2023       235

TABLE 219         LINDE PLC: EXPANSIONS, JANUARY 2019–DECEMBER 2023              235

13.1.6    DAIKIN INDUSTRIES, LTD.         237

TABLE 220         DAIKIN INDUSTRIES, LTD.: BUSINESS OVERVIEW           237

FIGURE 55         DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT         238

TABLE 221         DAIKIN INDUSTRIES, LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED          238

TABLE 222         DAIKIN INDUSTRIES, LTD.: DEALS, JANUARY 2019–DECEMBER 2023      239

TABLE 223         DAIKIN INDUSTRIES, LTD.: EXPANSIONS, JANUARY 2019–DECEMBER 2023            239

13.1.7    THE CHEMOURS COMPANY      240

TABLE 224         THE CHEMOURS COMPANY: BUSINESS OVERVIEW        240

FIGURE 56         THE CHEMOURS COMPANY: COMPANY SNAPSHOT      241

TABLE 225         THE CHEMOURS COMPANY: PRODUCTS/SERVICES/SOLUTIONS OFFERED   241

TABLE 226         THE CHEMOURS COMPANY: PRODUCT LAUNCHES, JANUARY 2019–DECEMBER 2023   242

TABLE 227         THE CHEMOURS COMPANY: DEALS, JANUARY 2019–DECEMBER 2023            243

TABLE 228         THE CHEMOURS COMPANY: EXPANSIONS, JANUARY 2019–DECEMBER 2023            243

13.1.8    BASF SE              245

TABLE 229         BASF SE: BUSINESS OVERVIEW 245

FIGURE 57         BASF SE: COMPANY SNAPSHOT 246

TABLE 230         BASF SE: PRODUCTS/SERVICES/SOLUTIONS OFFERED 246

TABLE 231         BASF SE: DEALS, JANUARY 2019–DECEMBER 2023            247

TABLE 232         BASF SE: EXPANSIONS, JANUARY 2019–DECEMBER 2023 247

13.1.9    HCS GROUP GMBH        249

TABLE 233         HCS GROUP GMBH: BUSINESS OVERVIEW          249

TABLE 234         HCS GROUP GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED          249

TABLE 235         HCS GROUP GMBH: PRODUCT LAUNCHES, JANUARY 2019–DECEMBER 2023            250

TABLE 236         HCS GROUP: EXPANSIONS, JANUARY 2019–DECEMBER 2023              250

13.1.10  FSI         252

TABLE 237         FSI: BUSINESS OVERVIEW          252

TABLE 238         FSI: PRODUCTS/SERVICES/SOLUTIONS OFFERED          252

13.1.11  HARP INTERNATIONAL LTD.    253

TABLE 239         HARP INTERNATIONAL LTD.: BUSINESS OVERVIEW      253

TABLE 240         HARP INTERNATIONAL LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED   253

*Details on Business overview, Products/Solutions/Services offered, Recent Developments, Deals, Expansions, MnM view, Key strengths, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.

13.2       OTHER PLAYERS           254

13.2.1    INEOS   254

TABLE 241         INEOS: COMPANY OVERVIEW   254

13.2.2    NOURYON         255

TABLE 242         NOURYON: COMPANY OVERVIEW         255

13.2.3    CHANGSHU 3F ZHONGHAO NEW CHEMICAL MATERIALS CO., LTD.              256

TABLE 243         CHANGSHU 3F ZHONGHAO NEW CHEMICAL MATERIALS CO., LTD.: COMPANY OVERVIEW      256

13.2.4    LAMBIOTTE & CIE         257

TABLE 244         LAMBIOTTE & CIE: COMPANY OVERVIEW          257

13.2.5    SCHARR CPC     258

TABLE 245         SCHARR CPC: COMPANY OVERVIEW     258

13.2.6    SINOCHEM HOLDINGS CORPORATION LTD.    259

TABLE 246         SINOCHEM HOLDINGS CORPORATION LTD.: COMPANY OVERVIEW        259

13.2.7    LANXESS           260

TABLE 247         LANXESS: COMPANY OVERVIEW            260

13.2.8    JAHARVIR POLYMERS PRIVATE LIMITED            260

TABLE 248         JAHAVIR POLYMERS PRIVATE LIMITED: COMPANY OVERVIEW              260

13.2.9    HENAN JINHE INDUSTRY CO., LTD.       261

TABLE 249         HENAN JINHE INDUSTRY CO., LTD.: COMPANY OVERVIEW              261

13.2.10  EVONIK INDUSTRIES AG            262

TABLE 250         EVONIK INDUSTRIES AG: COMPANY OVERVIEW             262

13.2.11  HUNTSMAN INTERNATIONAL LLC        263

TABLE 251         HUNTSMAN INTERNATIONAL LLC: COMPANY OVERVIEW              263

13.2.12  HPLA GROUP   264

TABLE 252         HPLA GROUP: COMPANY OVERVIEW    264

13.2.13  CHEMICO (INDIA)         265

TABLE 253         CHEMICO (INDIA): COMPANY OVERVIEW          265

13.2.14  SPL GROUP       266

TABLE 254         SPL GROUP: COMPANY OVERVIEW       266

13.2.15  AJANTA GROUP             267

TABLE 255         AJANTA GROUP: COMPANY OVERVIEW 267

13.2.16  A-GAS INTERNATIONAL LIMITED          268

TABLE 256         A-GAS INTERNATIONAL LIMITED: COMPANY OVERVIEW              268

14          APPENDIX         269

14.1       DISCUSSION GUIDE      269

14.2       KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL             273

14.3       CUSTOMIZATION OPTIONS      275

14.4       RELATED REPORTS       275

14.5       AUTHOR DETAILS         276