Global Foam Blowing Agents Market to Be Fueled by the Flourishing Construction Industry: Transparency Market Research
By Business Wire News
By Business Wire News
Transparency Market Research has announced the release of a report titled “Foam Blowing Agents (Hydrocarbons (HC), Hydrofluorocarbons (HFC), Hydrochlorofluorocarbons (HCFC) and Others) Market for Polyurethane Foams, Polystyrene Foams, Polyolefin Foams and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”.
According to this report, growing at a 4.4% CAGR from 2014 to 2020, the global foam blowing agents market will reach US$843.8 million by 2020 from US$631.3 million in 2013.
High demand for polymeric foams from the construction industry and rising demand for foam blowing agents for manufacturing polyurethane foam drive the global foam blowing agents market. This market is segmented on the basis of product, application, and geography. Based on product, the market is categorized into hydrochlorofluorocarbons, hydrofluorocarbons, and hydrocarbons.
Within the product segment, hydrocarbons hold the largest share in the market. On the basis of applications, the foam blowing agents market is segmented into polyolefins, polystyrene, polyurethane, and other foams. Much of the demand for foam blowing agents comes from the polyurethane segment.
Geographically, the global foam blowing agents market is segmented into Asia Pacific, Europe, North America and RoW. With a market share exceeding 50%, Asia Pacific leads the global foam blowing agents market. The Asia Pacific market will witness high rate of growth in the coming years owing to the growth of the construction and automotive industries in this region.
The Europe foam blowing agents market will witness moderate growth rate during the forecast period. Fluctuating crude oil prices and environmental regulations are the glaring market restraints in this industry. Some of the key companies in the global foam blowing agents market include ZEON Corporation, Arkema SA, Sinochem Group and Exxon Mobil Corporation.
Medical Superabsorbent Polymers Market: http://www.transparencymarketresearch.com/medical-superabsorbent-polymers-market.html
Transparency Market Research is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.