Global Foam Blowing Agents Market Is Finds future growth and Business by 2022
Posted by pooja on June 4th, 2019
Foam Blowing Agents Market Report, published by Allied Market Research, forecast that the global market is expected to reach 3 million by 2022 from 4 million in 2015 with a CAGR of 5.21% from 2016 to 2022. In 2015, polyurethane accounted for approximately half of the total share in terms of volume.
Strict environmental regulations against the use of harmful F-based foaming agents have escalated the demand for cost-effective, energy efficient, and eco-friendly foaming agents. In 2015, hydrocarbons witnessed the maximum demand in the market, owing to their applications in refrigeration, wall sheathing, and roofing followed by hydrofluorocarbons.
Foam Blowing Agents Market Key Findings:
Investment by multinational companies and low developmental costs in China and India has fostered the market growth of foam blowing agents. In addition, China has the largest market for foam blowing agents in the Asia-Pacific region, followed by India due to the increase in demand for polyurethane foams in the construction and automotive industries.
Access Full Summery @https://www.alliedmarketresearch.com/foam-blowing-agents-market
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
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About the Authorpooja
Joined: May 29th, 2019
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