Global Blowing Agent Market Report 2021-2026 - Shifting Preference Towards Environment-Friendly Blowing Agents
The increasing polymeric foam application in industries such as packaging, automotive, building & construction, marine, transportation, appliances, bedding & furniture, and packaging industry is expected to drive the blowing agent market.
- The increasing polymeric foam application in industries such as packaging, automotive, building & construction, marine, transportation, appliances, bedding & furniture, and packaging industry is expected to drive the blowing agent market.
- Further, the increasing blowing agent usage in developing economies, mainly in the construction industry, is expected to boost the blowing agent consumption.
- APAC is the largest as well as the fastest-growing market for blowing agents in 2020 in terms of value and volume.
- Also, the shifting preference towards low GWP and ODP more environment-friendly blowing agents with the planned phase-out HFCs will further drive the blowing agent demand in the region.