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Asia Pacific Foam Blowing Agents Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Asia Pacific Foam Blowing Agents Market Analysis: By Components (HFC, CFC, HCFC, and Others); By Foam (Polyurethane Foam (PU), Polystyrene Foam (PS), Phenolic Foam, Polyolefin Foam, and Others); By Type of Agents (Natural & Chemical); By Application (LNG Ship Insulation, Appliance Insulation, Panels/Boardstock, and Others); By Distribution Channel (Offline & Online); and By Country)—Industry Dynamics, Market Size and Opportunity Forecast for 2022–2030

  • Published Date: 17-Nov-2022  |   Format: pdfpowerpointexcel  |  Report ID: AA1122330  | Delivery: 2 to 4 Hours


Report AttributeDetails
Market Size Value in 2021US$ 425.95 Million
Expected Revenue in 2030US$ 672.68 Million
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Mn)
Segments coveredBy Components, By Foam, By Type of Agents, By Application, By Distribution Channel, By Country
Key Companies                                                                        Arkema S.A., Daikin Industries, E.I. Du Pont De Nemours & Company, Exxon Mobil Corporation, Haltermann Gmbh, Harp International Ltd., Honeywell International Inc., Sundow Polymers Co., Ltd., Sinochem Group, Solvay S.A., Zeon Corporation, Other Prominent Players
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The market size of the Asia Pacific foam-blowing agents market in 2021 was US$ 425.95 Million.

Rising demand for various foam for appliances and the development of the flooring and furniture industry are the main drivers of the market.

Presence of substitutes of HCFCs and CFCs blowing agents like hydrocarbon technology, modified water-blown formulations, supercritical carbon dioxide, and methyl formate is a possible threat to the growth of the market.

The market is expected to grow with a CAGR of 5.4% during the forecast period of 2022-2030, reaching a value of US$ 672.68 Million by 2030.

HFC is the most used foam-blowing agent in Asia Pacific. 

Polyurethane Foam (PU) is the most widely used foam and occupies approximately 49% of the market.

India is growing with the highest CAGR during the forecast period. 

Appliance insulation and LNG ship insulation are the two main applications of foam-blowing agents in the Asia Pacific region.

China holds the major share in terms of revenue in the Asia Pacific foam-blowing agents market.

Growing demand for polystyrene and recycled polystyrene products is expected to provide new opportunities in the market.

Components, foam, type of agent, application, and distribution channel are different segments in the Asia Pacific foam-blowing agents market.

Sinochem Group, Honeywell International Inc., ARKEMA S.A., are few key players in the market.