The report "Blowing Agent Market by Type (HC, HFC, HCFC), Foam (Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polyolefin Foam), and Region (APAC, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2026", The blowing agent market size is projected to grow from an estimated value of USD 1.4 billion in 2021 to USD 1.9 billion by 2026, at a CAGR of 6.5% during the forecast period. The growing application of polymeric foams at a global level in industries such as construction, packaging, automotive, electronics, and footwear to drive the market demand for blowing agents. Further, the increasing demand for blowing agents from developing economies of the world owing to the growth of different application industries as well as the shift from high ODP and GWP blowing agents towards more eco-friendly ones will additionally boost the blowing agents market in the future.

APAC is projected to be the largest blowing agent market during the forecast period. The growing construction, automotive, footwear, and manufacturing industries are the major factors driving the growth of blowing agents in the region. The region’s rapid economic development, increased standard of living, rising per capita income are the factors driving the growth of the industries mentioned above. Also, the increasing usage of eco-friendly blowing agents, along with the consumption of HFCs and HCFCs, will drive the blowing agent market in the region.

Honeywell International Inc. (US), Solvay SA (Belgium), Arkema SA (France), Exxon Mobil Corporation (US), Linde plc (UK), Daikin Industries, Ltd. (Japan), The Chemours Company (US), Haltermann Carless (Germany), Foam Supplies, Inc. (US), Harp International Ltd. (UK) are the major players in the blowing agent market.