Novel Technological Advancements and Rise in Disposable Income to Invite Promising Growth for Global Foam Blowing Agents Market between 2019 and 2027: TMR

- The foam blowing agents market may derive extensive growth over 2019-2027 on the back of the improved living standards and the rise in purchasing power parity across the globe

- The global foam blowing agents market is expected to record a CAGR of ~6 percent across the assessment period of 2019-2027

ALBANY, N.Y, Nov. 19, 2020 /PRNewswire/ -- The consumer electronics industry is flourishing at a rapid rate around the world. A considerable chunk of the populace is attracted to consumer electronics. With the ubiquitous usage of foam blowing agents in consumer electronics, the market is slated to expand substantially across the assessment period of 2019-2027.

The pharmaceutical sector also brings extensive growth prospects for the foam blowing agents market as packaging is mostly manufactured using foam-based polymers. Hence, these factors invite promising growth opportunities for the foam blowing agents market.

As per the researchers at Transparency Market Research, the global foam blowing agents market is expected to expand at a CAGR of ~6 percent during the assessment period of 2019-2027. The foam blowing agents market is estimated to reach a valuation of ~US$ 2.4 bn by the end of the forecast period.

Request for Covid-19 Impact Analysis on Foam Blowing Agents Market: https://www.transparencymarketresearch.com/Covid19.php

The use of foam blowing agents across diverse applications is expected to magnify in the coming years. This aspect may prove to be a boon for the foam blowing agents market. The introduction of novel technologies may also bring great growth opportunities for the foam blowing agents market. Rapid industrialization may add a Midas touch to the growth.

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php

Foam Blowing Agents Market: Analysts View

The analysts at Transparency Market Research predict steady growth for the foam blowing agents market across the forecast period. The analysts credit the growth to the increasing demand for foam blowing agents in construction, packaging, building and construction, appliances, electronics, bedding, furniture, and others.

The analyst further state that companies leveraging technology will observe good growth and gain a massive market share. However, the analysts opine that strict regulations and usage policies may restrain the growth of the foam blowing agents market.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/4151

Foam Blowing Agents Market: Key Revelations

• In terms of the end-users, the electrical and electronics industry held a market share of ~33 percent in 2018
• In regards to the application, polyurethane foam dominated the global foam blowing agents market by acquiring a share of ~60 percent in 2018 and the trend is expected to continue during the forecast period of 2019-2027
• Asia Pacific is expected to emerge as a key growth-contributing region for the foam blowing agents market between 2019 and 2027
• China is prognosticated to be a major consumer of foam blowing agents

Purchase Premium Research Report on Foam Blowing Agents Market @ https://www.transparencymarketresearch.com/checkout.php

Foam Blowing Agents Market: Growth Accelerators

• The booming population and swift urbanization across densely populated countries like India and China may benefit the foam blowing agents market to a great extent.
• Increasing demand for consumer durables may prove to be a great growth generator for the foam blowing agents market
• Foaming agents help in retaining antiseptic properties, thus inviting immense growth

Foam Blowing Agents Market: Industrial Landscape

The foam blowing agents market is moderately consolidated with a minimal number of players. Leading manufacturers across the foam blowing agents market together account for ~60 percent share. In addition, activities like mergers, acquisitions, partnerships, and joint ventures help the players to increase their influence and eventually invite promising growth for the foam blowing agents market.

Prominent players in the foam blowing agents market are Honeywell International Inc., Arkema S.A., DuPont, and Linde Group.

Browse More Press Releases: https://www.transparencymarketresearch.com/press-releases.htm

Global Foam Blowing Agents Market: Segmentation

By Product

• HC
• HFC & HCFC
• Blends
• HFO
• Methylal and Methyl Formate
• Others (Liquid CO2 and Water)

By Application

• Polyurethane Foams
• Polystyrene Foams
• Phenolic Foams
• Others (PVC Foams, Polyisocyanurate Foams)

By End-use Industry

• Building and Construction
• Electrical and Electronics
• Furniture and Bedding
• Automotive
• Footwear
• Others (Textiles, Medical, etc.)

By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Browse Latest Reports by TMR: https://www.transparencymarketresearch.com/latest.htm

Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials Industry,

2,3-Butanediol Market - In terms of value, the global 2,3-Butanediol market is anticipated to expand at a CAGR of 3.5% from 2020 to 2030. The rise in demand for rubbers such as styrene–butadiene rubber, styrene–butadiene latex, nitrile rubber, and chloroprene rubber in the tire industry is expected to drive the global 2,3-Butanediol market, as 2,3-Butanediol is converted into 1,3-Butadiene that is extensively employed in the manufacture of different kinds of rubbers. 2,3-Butanediol acts as a precursor to methyl ethyl ketone (also known as MEK or 2-butanone). The demand for 2,3-Butanediol is estimated to rise significantly in this area of application during the forecast period. The demand for products with natural origin has been rising across the globe. Products manufactured through fermentation and biorefinery processes are replacing synthetic and petrochemical products. 2,3-Butanediol (2,3-BD) is a promising bulk chemical with potentially wide range of applications.

Dimethyl Carbonate Market - In terms of value, the global dimethyl carbonate market is anticipated to expand at a CAGR of ~5% from 2020 to 2030. Dimethyl carbonate is primarily used as an intermediate in the manufacture of polycarbonates. Moreover, application of dimethyl carbonate lies in its usage in the manufacture of solvents such as paints & coatings, adhesives, and cleaning agents as well as alternative fuel additives. Additionally, the battery segment is estimated to witness lucrative opportunities during the forecast period, owing to growth of the global automotive industry.

Biodegradable Chelating Agents Market - In terms of value, the global biodegradable chelating agents market is anticipated to expand at a CAGR of 3% from 2019 to 2027 and reach ~US$ 1 Bn by 2027. Based on demand, Asia Pacific led the global biodegradable chelating agents market in 2018. This trend is anticipated to continue between 2019 and 2027. Of late, key industry stakeholders have been increasingly inclined toward more environmentally acceptable chelating agents that exhibit improved biodegradability profile, and are substitutes to the traditional aminopolycarboxylates. This trend is estimated to augment the demand for biodegradable chelating agents during the forecast period. Non-biodegradable traditional aminopolycarboxylates (APCA), such as EDTA, HEDP, and DTPA, pose considerable threats to the environment. Furthermore, they have been found to be toxic under laboratory circumstances, causing reproductive and developmental defects in animals. EDTA forms stronger metal complexes. As a result, it degrades slowly. Thus, it remains in the atmosphere. However, manufacturers prefer to use EDTA due to its easy availability. This, in turn, is projected to restrain the global biodegradable chelating agents market during the forecast period.

Formaldehyde Market - Asia Pacific is expected to be a highly attractive region of the market during the forecast period. With its rapidly growing population, Asia Pacific is expected to contribute significantly to the global building & construction industry, in terms of value sales growth, thereby propelling the formaldehyde market. Formaldehyde is used in construction of wood-based panels and in manufacturing of furniture. Europe and North America cumulatively held a market share of ~34% of the market in 2018. The two regions are expected to lose market share by 0.4% and 0.2%, respectively, by the end of the forecast period. The decline in the market share can be attributed to increase in the number of regulations on usage of formaldehyde in these regions.

Explore More Upcoming Reports: https://www.transparencymarketresearch.com/upcoming.htm

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/foam-blowing-agents-market.htm
Website: http://www.transparencymarketresearch.com

Logo: https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo.jpg