The growth in the global polymer foam industry is driving the demand in blowing agents market. Additionally, major suppliers are responding towards the phase-out of CFC's and HCFC's by providing a wide variety of alternative blowing agents and maintaining their supply globally. The major polymeric foam industry utilizing practically all types of blowing agents is the polyurethane foams industry. As per Research and Markets, The blowing agents market has great growth potential. The market is expected to grow at a compound annual growth rate of 5.8%, over the next five years and reach 452 kilotons by 2019. Asia-Pacific, with its thriving economies and rapidly expanding manufacturing bases, is expected to experience highest consumption during the next five years.
The growing demand for polyurethane foams and high growth in the Asia-Pacific region is expected to remain the driving force for blowing agents demand in the long run. However, the frequent change in Montreal Protocol and Kyoto Protocol with respect to choice in blowing agents is restraining the market growth. The use of traditional blowing agents such as HCFCs and HFCs is leading to ozone depletion and global warming, so its use is being restricted. So the demand for Zero ODP and Low GWP blowing agents is emerging in the global market.
09-Jul-14 
