Market Size of Blowing Agents Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 4.90 Billion |
| Market Size (2029) | USD 6.40 Billion |
| CAGR (2024 - 2029) | 5.51 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Blowing Agents Market Analysis
The Blowing Agents Market size is estimated at USD 4.90 billion in 2024, and is expected to reach USD 6.40 billion by 2029, growing at a CAGR of 5.51% during the forecast period (2024-2029).
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.
- High Demand for Zero Ozone Depletion Potential (ODP) and Low Global Warming Potential (GWP) Blowing Agents is likely to act as an opportunity in the future.
- In terms of revenue, North America dominated the market studied during the forecast period. In terms of volume, Asia-Pacific dominated the global market.
