ALBANY, N.Y, Nov. 19, 2020
- 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.
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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.
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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.
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Foam Blowing Agents Market: Key Revelations
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Foam Blowing Agents Market: Growth Accelerators
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.
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Global Foam Blowing Agents Market: Segmentation
By End-use Industry
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