Chemical blowing agents are commonly
used additives in polymeric foam industry as a part of production process to
impart particular properties to the polymeric foam. They help in inducing a
cellular structure to polymeric foams. The cellular structure in matrix reduces
density, increases thermal and acoustic insulation while increasing the
relative toughness of the original material. Chemical blowing agents can help
impart certain important characteristics to materials such as reduction in
weight, heat insulation, sound absorbency, elasticity, permeability, electrical
insulation, excellent textures, wood grain and shock absorbency among
others.
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Some of the major types of chemical
blowing agents are hydrocarbons (HCs), hydro-fluoro-carbons (HFCs) and
hydro-chloro-fluoro-carbons (HCFCs). Hydrocarbons are the dominant product
segment amongst which butanes and pentanes are most commonly used as chemical
blowing agents. HCFCs have been phased out of developed nations and gradually
being phased out of other regions due to their high Ozone Depletion Potential
(ODP) and Global Warming Potential (GWP). One of the most widely used chemical
blowing agents were Chloro Fluoro Carbons (CFC’s). However, they were phased
out because of their harmful effects on the ozone layer. While developing new
products with similar or better functionality than CFC’s, players have to face
challenges such as the impact of the products on the environment, getting
suppliers who could supply them with the requisite materials and others. This
has encouraged the industry players to develop and introduce alternative
environment friendly chemical blowing agents into the market.
Increasing demand for polymeric
foams, especially polyurethane foams, owing to the rapid development in their
end-user industries such as construction and appliances has been boosting the
demand for chemical blowing agents. Additionally, high growth of end use
industries in Asia Pacific is anticipated to further fuel the demand for chemical
blowing agents. The major foams types that utilize these blowing agents include
polyurethane foam, phenolic foam, polystyrene foam and polyolefin foam.
Polyurethane foam industry utilizes
all types of chemical blowing agents and captures a major share in the market.
Owing to its wide range of applications in chemicals, construction, automotive
industries and others demand for polyurethane products is rising at a high
growth rate, which, eventually, generates demand for chemical blowing agents. However,
stringent environmental regulations regarding chemicals used as blowing agents
might hamper the growth. Development of new environment friendly biobased
products for utility as chemical blowing agents might bring future prospective
opportunities for growth of chemical blowing agents market.
Currently, Asia-Pacific is estimated
to be the world's largest as well as fastest growing market for chemical
blowing agents. The region consumed more than a half of the global demand, and
emerged as a key consumer of foam insulated products. China is the key consumer
of chemical blowing agents in Asia-Pacific. Other countries such as South Korea
and India also generate considerable demand owing to high production levels.
Mature markets in North America and Europe are expected to witness a relatively
slower growth in demand for chemical blowing agents. Additionally, these
regions are at the forefront of the initiatives taken towards sustainable
growth practices to protect the environment.
Some of the major players in this
market are AkzoNobel NV, Americhem, Eiwa Chemical Ind Co Ltd, Honeywell
International Ltd, KibbeChem Inc, Rit – Chem Co Inc.
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This research report analyzes this
market on the basis of its market segments, major geographies, and current
market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
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provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
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entrants along with detailed value chain analysis.
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