Global Blowing Agents Market by Types, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Blowing Agents Market is valued to reach USD 2.6 Billion by 2026, growing at CAGR of 5.2% from 2020–2026. Increasing polymeric foam application, growing application of polymeric foams in industries such as construction, packaging, automotive, electronics and shift from high ODP and GWP blowing agents towards more eco-friendly ones are key factors driving the market.

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The market for blowing agents is expected to register a CAGR of greater than 3.5% during the forecast period. Major factors driving the market studied is rise in demand for polymeric insulation foams for buildings, automotive, and appliances. stringent environmental regulations regarding blowing agents is expected to hinder the growth of the market studied.

Market Trends, Drivers, Restraints, and Opportunities:

Surge in the demand for blowing agents in various industry verticals such as construction, appliance, and automotive is the key factor driving the market growth.
High cost associated with the shift in technology and constantly changing environmental regulations are likely to hamper the market growth.
Increasing demand for the production of blowing agents that are environmentally friendly is creating new growth opportunities in the market.