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Global Foam Blowing Agents Market to Rise thanks to Growing Demand for Polyurethane Foam from Construction, Automotive Industries

Article Description

Foam blowing agents are a vital part of foam manufacturing, as they impart the cellular matrix form to foam substrates. This physical transformation is
responsible for the characteristic texture and compressive strength of foam. Solid foam is in demand from various booming industries, due to its benefits
such as lighter weight, increased flexibility, and sound and heat insulation, due to the presence of air bubbles. These characteristics are achieved with a
minimal collateral decrease in physical integrity.

The construction industry, which is rapidly expanding in developing economies, is a major consumer of foam and is thus the prime growth driver for the foam
blowing agents market. The market is expected to grow at a steady 4.4% CAGR from 2014 to 2020, according to research presented by Transparency Market
Research. The market was worth US$631.3 million in 2013 and is expected to grow to US$843.8 million by 2020.

Browse the full Global Foam Blowing Agents Market report at http://www.mrrse.com/reports/foam-blowing-agents-market

Hydrocarbon Foam Blowing Agents to Lead Global Market in Forecast Period

Hydrochlorofluorocarbons (HCFC) and hydrofluorocarbons (HFC) were widely used in foam manufacture till their harmful effects on the crucial ozone layer in
the Earth’s atmosphere came to light. Due to widespread acknowledgement of the latter, their market share is expected to steadily drop and the resultant
void taken up by hydrocarbon foam blowing agents. Other inorganic foam blowing agents such as carbon dioxide and water are also picking up speed in the
foam manufacturing industry.

Hydrocarbon agents, such as cyclopentane, n-pentane, isopentane, and isobutene, are cheaper than HCFCs and HFCs, which leads to easy acceptance in the
manufacturing sector. Another factor that adds to the allure of hydrocarbon foam blowing agents is that machinery designed to function on HCFCs and HFCs
can be readily modified to function on hydrocarbons, which eliminates the potential expenditure on a new set of machinery.

Demand for Polyurethane Foam to Drive Global Foam Blowing Agents Market

Among the numerous types of foam in the production of which foam blowing agents are used, polyurethane foam takes up a majority share of close to 50%.
Demand from the growing construction and automotive industries is responsible for the dominance of polyurethane foam. Superior characteristics such as
physical integrity and insulation provided by polyurethane foam is crucial in both automotive design, which has to remain lightweight yet sturdy, and
construction, where both these properties hold an obvious importance. Polystyrene foams are also in demand from the automotive industry and, helped by
growing European and Asian automotive industries, is expected to show a high growth rate in the next few years.

Asia Pacific is expected to lead demand from the global foam blowing agents market,
due to the strong presence of both construction and automotive industries. The former is particularly booming in developing economies such as China, South
Korea, Indonesia, and India, whereas the latter is concentrated in China, Japan, South Korea, etc. The North America foam blowing agents market, which held
a 24% share in the global market in 2013, will grow owing to the increasing number of refurbishment as well as new construction activities in the developed
region.