Global Blowing Agents Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Chemistry;

Physical Blowing Agents and Chemical Blowing Agents

By Foaming Agent Process;

Endothermic Chemical Foaming Agents, Exothermic Chemical Foaming Agents, and Endothermic & Exothermic Blend Chemical Foaming Agents

By Product Type;

Hydrochlorofluorocarbons (HCFCS), Hydrofluorocarbons (HFCS), Hydro Carbons (HCS), and Others

By Foams;

Polyurethane Foam (PU), Polystyrene Foam (PS), Phenolic Foam, Polyolefin Foam, and Others

By Application;

Building & Construction, Automotive, Bedding & Furniture, Appliances, Packaging, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn124560549 Published Date: May, 2025 Updated Date: June, 2025

Blowing Agents Market Overview

Blowing Agents Market (USD Million)

Blowing Agents Market was valued at USD 1,729.48 million in the year 2024. The size of this market is expected to increase to USD 2,777.17 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.0%.


Global Blowing Agents Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 7.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)7.0 %
Market Size (2024)USD 1,729.48 Million
Market Size (2031)USD 2,777.17 Million
Market ConcentrationMedium
Report Pages317
1,729.48
2024
2,777.17
2031

Major Players

  • Exxon Mobil Corporation
  • Honeywell International Inc.
  • Linde AG
  • Solvay SA
  • Arkema S.A.
  • Daikin Industries, Ltd.
  • E.I. Dupont De Nemours & Company
  • Haltermann GmbH

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Blowing Agents Market

Fragmented - Highly competitive market without dominant players


The blowing agents market is expanding steadily, driven by growing demand for lightweight and insulating materials in key industries. These agents play a critical role in producing foams used for packaging, automotive parts, and building insulation. More than 50% of plastic foam applications now depend on blowing agents for enhanced functionality and structural benefits.

Shift Toward Eco-Conscious Formulations
Growing environmental concerns and tighter regulatory frameworks are accelerating the shift toward sustainable blowing agents. Approximately 40% of new products utilize low-GWP or zero-ozone-depleting chemicals, underlining a clear movement toward greener alternatives. Manufacturers are increasingly focused on reducing ecological impact without compromising efficiency.

Energy Efficiency in Construction and Vehicles
Blowing agents are gaining prominence in the construction and automotive industries due to their role in improving insulation and reducing weight. Thermal insulation applications alone contribute to about 45% of overall consumption. Their ability to improve energy conservation and enhance durability is reinforcing demand across these sectors.

Innovative Formulations for Performance Boost
Recent advancements in blowing agent technologies are leading to better material performance. Innovations targeting foam structure optimization and improved compatibility with polymers make up roughly 30% of product developments. These improvements are vital in supporting the diverse and evolving requirements of industrial users.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Chemistry
    2. Market Snapshot, By Foaming Agent Process
    3. Market Snapshot, By Product Type
    4. Market Snapshot, By Foams
    5. Market Snapshot, By Application
    6. Market Snapshot, By Region
  4. Blowing Agents Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Energy-Efficient Materials
        2. Regulatory Emphasis on Sustainability
        3. Technological Advancements in Formulations
        4. Expansion of End-User Industries
      2. Restraints
        1. Volatility in Raw Material Prices
        2. Regulatory Restrictions on Harmful Agents
        3. Environmental Concerns and Regulations
        4. Limited Availability of Sustainable Alternatives
      3. Opportunities
        1. Development of Eco-Friendly Blowing Agents
        2. Emerging Applications in Automotive and Construction
        3. Investments in Research and Development
        4. Expansion in Developing Markets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Blowing Agents Market, By Chemistry, 2021 - 2031 (USD Million)
      1. Physical Blowing Agents
      2. Chemical Blowing Agents.
    2. Blowing Agents Market, By Foaming Agent Process, 2021 - 2031 (USD Million)
      1. Endothermic Chemical Foaming Agents
      2. Exothermic Chemical Foaming Agents
      3. Endothermic & Exothermic Blend Chemical Foaming Agents.
    3. Blowing Agents Market, By Product Type, 2021 - 2031 (USD Million)
      1. Hydrochlorofluorocarbons (HCFCS)
      2. Hydrofluorocarbons (HFCS)
      3. Hydro Carbons (HCS)
      4. Others
    4. Blowing Agents Market, By Foams, 2021 - 2031 (USD Million)
      1. Polyurethane Foam (PU)
      2. Polystyrene Foam (PS)
      3. Phenolic Foam
      4. Polyolefin Foam
      5. Others
    5. Blowing Agents Market, By Application, 2021 - 2031 (USD Million)
      1. Building & Construction
      2. Automotive
      3. Bedding & Furniture
      4. Appliances
      5. Packaging
      6. Other
    6. Blowing Agents Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Exxon Mobil Corporation
      2. Honeywell International Inc.
      3. Linde AG
      4. Solvay SA
      5. Arkema S.A.
      6. Daikin Industries, Ltd.
      7. E.I. Dupont De Nemours & Company
      8. Haltermann GmbH
  7. Analyst Views
  8. Future Outlook of the Market