Astute Analytica
[Astute Analytica Press Release] A study has been conducted to understand the state of the blowing agents market in 2022.
Among other Asian countries, China dominates the market with a share of around 42.6% in 2021.
Survey overview:
Survey period: August 8th to October 28th, 2022
Research agency :
Survey contractor: Astute Analytica Co., Ltd.
In-house survey
Survey target: The survey was conducted with 740 leaders from organizations of all sizes around the world.
Number of valid responses: (740 people)
Survey method: Telephone survey of 300 people, Internet survey of 440 people Survey Respondents: The survey was conducted across companies based on revenue. [Image 1
Survey results :
Question: Which component has more demand in the blowing agent market? HFCs are the most commonly used foam blockers. HFO-1234ze(E) (GWP <1) is also widely used in insulating foams.
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Q: What type of foam has the highest share in the blowing agent market? Relative demand for each form will vary based on end use, cost, availability and performance. However, polyurethane foam (PU) holds the major market demand.
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Q: How is the blowing agent market segmented by agent type?
Due to the increasing demand for insulating foam for buildings and appliances, global foam production is constantly increasing. Natural blowing agents such as azodicarbonamide and hydroxycarbamide are rapidly gaining popularity as alternative HCFCs.
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Q: Which application has the highest share in the blowing agent market? Defoamers are widely used to improve the energy efficiency of electrical appliances. The insulating properties of foam reduce the power consumption of appliances as the foam keeps cold and freezer compartments cool and acts as a thermal barrier to prevent heat loss in water heaters and furnaces.
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Q: Which distribution channel has the highest share of the blowing agent market? Asia is at the forefront of global e-commerce. From start-ups to large retailers, online platforms have become the primary medium for doing business.
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Q: What are the key factors driving the blowing agents market? Various foam usages for appliance insulation:
The market for foam manufacturing is constantly growing because of the demand for insulating foam in buildings and appliances and the justifiable protection of buildings is one of the most effective ways to reduce CO2 emissions. domestic building. Some of the applications include rigid XPS such as sandwich panels (surface coverings made of steel, aluminum or wood), parquet and laminate flooring underlays, and pipe insulation.
Development of the flooring and furniture industry:
The foam market is expected to grow as the adoption of polymer foams in furniture manufacturing increases due to the benefits of polymer foams in absorbing shocks and water in furniture as well as providing aesthetic appearance to furniture.
Survey conclusions:
Polystyrene is one of the most common plastic types used for residential insulation and packaging. Polystyrene materials have a wide range of applications, mainly because they are cost-effective materials. However, recycled EPS cannot be used for products that come in direct contact with food. However, it is advantageous to create products such as outdoor furniture, coat hangers, nursery containers, roof tiles, and door and window frames.
Recycled polystyrene reduces the amount of plastic waste, saving disposal costs and landfill space. It has properties such as stress crack resistance, surface glossiness, and impact resistance, enabling the expansion of applications. Therefore, increasing use of recycled polystyrene creates lucrative opportunities for blowing agents that can increase market demand in the coming years.
Read more: https://bit.ly/3PIV2pR
About us:
Astute Analytica is a global analytics and advisory firm that has built a strong reputation in a short period of time for the tangible results it has delivered to its clients. We pride ourselves on producing unparalleled depth and accuracy of estimates and forecasts for our highly demanding clients in a variety of industries. We have a list of satisfied and repeat customers from various sectors such as Technology, Healthcare, Chemicals, Semiconductors and FMCG. These customers come to us from all over the world. This is because it analyzes the complex business environment, existing and emerging opportunities by segment, technology formations, growth projections, as well as available strategic options. In short, it’s a complete package. It is a highly qualified and prioritized team of business analysts, economists, consultants and technology experts.
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Details about this release:
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