MarketResearchNest.com adds “Global Polyurethane Foam Blowing Agents Market 2017-2021” new report to its research database. The report spread across 78 pages with table and figures in it.
Research analysts forecast the global polyurethane foam blowing agents market to grow at a CAGR of 5.94% during the period 2017-2021.
About Polyurethane Foam Blowing Agents
Foam blowing agents (known as foam expansion agents or foaming agents) play a crucial role by providing a cellular structure to the foamed products. Along with blowing agents, additives, such as nucleating agents and stabilizers, are used for manufacturing of foams. The commonly used manufacturing processes for manufacturing polyurethane foams are extrusion foaming, slab-stock by pouring, and different forms of molding. Based on the process and density requirements of the final product, the blowing agents can be physical or chemical.
Covered in this report
The report covers the present scenario and the growth prospects of the global polyurethane foam blowing agents market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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The market is divided into the following segments based on geography:
- North America
Technavio’s report, Global Polyurethane Foam Blowing Agents Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Polyurethane Foam Blowing Agents Market 2017-2021
Technavio recognizes the following companies as the key players in the global polyurethane foam blowing agents market: Arkema, DAIKIN INDUSTRIES, Exxon Mobil, Honeywell International, and The Chemours Company.
Other Prominent Vendors in the market are: Ajanta Group, AMERICHEM, Foam Supplies, Haltermann Carless, Harp International, KSJN Chemicals, LANXESS, The Linde Group, Unistar Chemical, and ZEON CORPORATION.
Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is Increasing use of PU foams in sandwich panels. Sandwich panels are popular in telecom shelters, cold chains, and industrial buildings. The emerging economies in Europe such as Russia and other Eastern European countries exhibit high demand for sandwich panels that use laminators. PU-cored sandwich panels are lightweight, offer excellent thermal insulation, and employ rapid and affordable construction techniques. These features make them popular emerging economies such as India, China, Brazil, and Malaysia.”
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According to the report, one of the major drivers for this market is Growing demand from emerging economies. The PU foam blowing agents market is witnessing high growth in the emerging economies of the world such as Brazil, China, Russia, Turkey, Indonesia, South Korea, Mexico, and India. Many OEMs in the insulation and automotive sectors are relocating their manufacturing operations to these countries due to the availability of land, cheap labor, low transportation costs, and less stringent government norms. In 2015, China was the largest consumer of polyurethane foam. The PU foam market in India is growing fast due to the increasing use of PU foams for insulation in refrigerators and the construction industry.
Further, the report states that one of the major factors hindering the growth of this market is Shift from HFC to alternative blowing agents. HCs (cyclopentane, cyclopentane blends, isobutane, n-pentane, CO2, dimethyl ether, methyl formate, methylal) and HFOs (HFO-1234ze and others) are PU foam blowing agents that are used as substitutes to HFCs. Product development and investments in R&D are crucial to keep pace with the rising demand. Identification of technically sound and economically feasible low-GWP alternatives requires vast technical know-how and investments. To remain competitive in the global PU foam blowing agents market, vendors focus on producing cost-competitive insulation materials that must comply with environmental regulations.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain