[ad_1]
This “Global blowing agent market by type (HC, HFC, HCFC), foam (polyurethane foam, polystyrene foam, phenolic foam, polyolefin foam) and region (Asia Pacific, North America, Europe, Middle East and Africa, South America) -Forecast to 2026” Report has been added to ResearchAndMarkets.com provide.
The foaming agent market in 2021 is estimated to be 1.4 billion U.S. dollars and is expected to reach 1.9 billion U.S. dollars by 2026, with a compound annual growth rate of 6.5%.
The increasing application of polymer foam in packaging, automotive, building and construction, shipping, transportation, electrical appliances, bedding and furniture, and packaging industries is expected to promote the development of the foaming agent market.
In addition, the increasing use of foaming agents in developing economies (mainly in the construction industry) is expected to boost the consumption of foaming agents. The construction industry is an important consumer of PIR/PUR panels, XPS panels and sandwich panels, mainly using polyurethane foam.
It is expected that increased infrastructure spending will promote the growth of this market. However, due to the aggravation of environmental issues, frequent revisions of rules and regulations, and high transfer costs, frequent changes in foaming agent technology will become a restrictive factor in the market.
HC is the fastest growing part of blowing agents.
In terms of value and quantity, HC is the world’s fastest growing blowing agent in 2020. In applications such as packaging, refrigerators and continuous boards, the huge consumption of hydrocarbon-based polyolefin and extruded polystyrene foam is expected to drive the blowing agent market during the forecast period.
In addition, due to technological progress, the thermal efficiency of hydrocarbon foam will also support its development in…
The full story on Benzinga.com
[ad_2]
Source link
