Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Foam Blowing Agents Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Foam Blowing Agents Industry in 2024 and 2025?
The Foam Blowing Agents market has experienced consistent growth over the past few years. The market size increased from $1.66 billion in 2024 to $1.73 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.4%.
What Is the Projected Market Size of the Foam Blowing Agents Market in 2029?
The Foam Blowing Agents market is set to reach a value of $2.22 billion in 2029, with a compound annual growth rate of 6.3%.
Download the Free Sample Now:
What Are the Key Drivers of Foam Blowing Agents Market Growth?
The key Drivers in the foam blowing agents market are:
• Rising demand for foam blowing agents in the consumer appliance industry
• Superior shock-absorbing capabilities of foam blowing agents
• Wide application in various products like refrigerators, air conditioners and water heaters
• Anticipated growth in the number of air conditioners in buildings worldwide
What Are the Primary Segmentation Categories in the Foam Blowing Agents Market?
The foam blowing agentsmarket covered in this report is segmented –
1) By Product Type: Hydrocarbons (HCs), Hydrofluoroolefin (HFO), Hydrofluorocarbons (HFCs), Other Product Types
2) By Foam Type: Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polypropylene Foam, Polyethylene Foam, Other Foam Types
3) By Application: Building And Construction, Automotive, Bedding And Furniture, Appliances, Packaging, Other Applications
Explore the Complete Market Report:
What Are the Major Trends Shaping the Foam Blowing Agents Market in 2025 and Beyond?
The key trends in the foam blowing agents market are:
• Strategic partnerships to enhance production capacity are shaping the foam blowing agent market.
• The use of low-GWP blowing agents like HFO 1233zd are trending in polyurethane foam production.
• Companies are exploiting geographical markets such as China and US to increase production.
• Companies are adopting technical collaborations to sustain their market position.
Who Are the Emerging Players in the Foam Blowing Agents Market?
The key players in the foam blowing agents market are:
• Arkema S.A.
• Honeywell International Inc.
• Exxon Mobil Corporation
• E.I. Du Pont De Nemours & Company
• Daikin Industries Ltd.
• Sinochem Group
• Solvay S.A.
• Zeon Corporation Ltd.
• Linde Group
• The Chemours Company
• Foam Supplies Inc.
• Harp International Ltd.
• HCS Group GmbH
• Haltermann Gmbh
• Solstice Performance Fluid
• AGC Chemicals Americas Inc.
• Nouryon
• Saudi Basic Industries Corp.
• Tosoh Corporation
• AkzoNobel N.V.
• Evonik Industries AG
• Clariant AG
• Eiwa Chemical Industry Co. Ltd.
• Sinochem Lantian Co. Ltd.
• Lanxess
• Huntsman International LLC
• INEOS Group Holdings S.A.
Which Regions Are Leading the Growth in the Global Foam Blowing Agents Market?
Asia-Pacific was the largest region in the foam blowing agents market in 2024
