Foam Blowing Agents Market: Refrigeration Segment amps up Demand
Posted by Deeksha on September 23rd, 2019
Foam blowing agents are used as additives during the manufacture of polymer foams. They produce cellular structures through a foaming process that helps to reduce density and enhance acoustic and thermal insulation, increasing the original polymer stiffness. It has a wide spread use in consumer electronics industry.
Application of foam blowing agents in home appliances have a positive influence on their demand. Its widespread usage in consumer electronics industry makes the foam blowing agents market very dynamic and fast growing. It was evaluated worth ?US.4Bn in 2018 and is expected to further expand at ?6% CAGR for the forecast period 2019-2027.
An intelligence report, titled, “Foam Blowing Agents Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027” provides all the stated insights. It has been recently added to the growing repository of Market Research Hub (MRH).
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Regulations to reduce Greenhouse gas emission change course of the sector
For insulation, electric appliances such as air-conditioners, water heaters, refrigerators and microwave ovens use polymer foams made with help of foam blowing agents. Developing and developed countries have amped up their workforce in refrigeration sector, thereby raising the demand of foam blowing agents and further expanding their share.
Polymer foams usage in commercial, residential and institutional buildings for acoustic and thermal insulation contributes to the growing demand of foam blowing agents. Rules and regulations imposed on greenhouse gases emission have compelled manufacturers to move towards production of energy efficient insulation foams.
Hydrofluoroolefin is the preferred eco-friendly component
Growing awareness regarding the effects of ozone layer depletion and global warming emanates the need for next generation foam blowing agents that are eco-friendly. The next-gen products may include foam blowing agents such as hydrofluoroolefins , hydrocarbons, ammonia, liquid carbon dioxide and water.
Asia Pacific is the leading share holder of the global foam blowing agents market. Growing awareness about sustainable development in Asia Pacific is likely to generate attractive opportunities in foam blowing agents ecosystem.
Some key players dealing with foam blowing agents are Honeywell International LLC, Arkema S.A, Solvay S.A. and Linde group.
Foam Blowing Agents Market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Foam Blowing Agents Market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Foam Blowing Agents Market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on Foam Blowing Agents.
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Foam Blowing Agents Market: Research Methodology
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About the AuthorDeeksha
Joined: January 3rd, 2019
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