The
global polyurethane foam blowing agents market is expected to
post a CAGR of over 6% during the period 2019-2023, according to the latest
market research report by Technavio.
PU (polyurethane) foams are widely used in the automotive and
construction industry. PU Foams are used in the production of vehicle
components such as seats, headrests, armrests, roof liners, dashboards, and
instrument panels, driving the demand for PU foam blowing agents. Foam blowing
agents are also used in the manufacture of several other automobile components
such as side skirts, wiper cowls, roll pans, and bumpers and find significant
application in the construction industry as well. During the forecast period,
the global automobile industry and construction industries are expected to
witness growth which will have a positive impact on the global polyurethane
foam blowing agents market.
As per Technavio, the technological advances in refrigeration systems
will have a positive impact on the market and contribute to its growth
significantly over the forecast period. This research report also analyzes
other important trends and market drivers that will affect market growth over
2019-2023.
Global Polyurethane Foam Blowing Agents Market: Technological Advances
in Refrigeration Systems
Growing stringency of regulations pertaining to energy and environment
have compelled refrigeration system manufacturers to bring technological
improvements in mechanical components and PU foams. This has encouraged players
in the market to introduce blowing agents that exhibit better gas conductivity
and lower GWP than standard HCFC and HFD-based blowing agents. These factors
are expected to increase competition among vendors and result in the emergence
of high-performance and cost-effective blowing agents during the forecast
period.
Global Polyurethane Foam Blowing Agents Market: Segmentation Analysis
This market report segments the global polyurethane foam blowing
agents market by type (HC, HFC, HFO, HCFC, and others) and
geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the market in 2018, followed by North America,
Europe, MEA, and South America respectively. During the forecast period, the
APAC region is expected to maintain its dominance over the global market. This
is due to the increasing use of PU foam blowing agents in industries such as
furnishing and bedding, packaging, medical devices, construction, and
Automotive in the region.
Technavio’s sample reports are free of charge and contain multiple
sections of the report, such as the market size and forecast, drivers,
challenges, trends, and more.
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