Global Dyestuff for Cotton Market To Surpass US$ 3.66 Billion By 2025

The Global Dyestuff for Cotton Market was valued at US$ 2.21 billion in 2016, according to a new report published by Coherent Market Insights. Dyes are aromatic and ionizing compounds, with affinity towards the substrate it is applied to. This can be categorized into natural and synthetic dyes. Synthetic dyes use various color modifiers such as methyl and ethyl group in order to alter the color of the dyes, which finds wide applications in various end use industries such as textile (non-woven), healthcare and personal care. The increasing demand for dyestuff from textile (non-woven) is rapidly growing in the Asia Pacific region, as China and India are major exporters of textile products. This is mainly attributed to major cotton production and cheap labor costs in the region. However, due to increasing labor cost in India and China is influencing manufacturers to pursue favorable growth avenue in countries such as Bangladesh, Nepal, and Vietnam. Dyestuff are widely used in coloring various garments, this in turn creates a favorable growth environment for the dyestuff for cotton market. For instance, in 2016, Huntsman International LLC. Collaborated with Viyellatex Group, Bangladesh-based vertically integrated group of textile manufacturing companies. In this collaboration, Huntsman International LLC will provide support for streamline operations and optimize processes, train technical staff, and make recommendations to help improve yield and productivity.

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Petroleum and its derivatives are the primary feedstock used in the manufacture of dyestuff. Fluctuation of raw materials prices and stringent government regulations in various countries in the use of petroleum derivatives is expected to hinder the market growth during the forecast period. As per the current situation India is expected to be the most favorable region for dyestuff for cotton market due to favorable government policy coupled with rising economy and growing textile industry, the country is expected to witness a significant growth for the global dyestuff market during 2017-2025. For instance, according to India Brand Equity Foundation (IBEF)—a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India—the Indian textiles industry, in 2016, was estimated at around US$ 108 billion, is expected to reach US$ 223 billion by 2021.

Key takeaways of the market:

• North America is projected to be the largest region in global dyestuff for cotton market. It accounted for around 33.10% of overall dyestuff for cotton market revenue in 2016. The market in this region is expected to be primarily driven by rampant growth of pharmaceuticals and personal care industry. The growing trend for online retail chain positively shapes the apparel and textile industry, as advancing economy and rising income, people have less time for outdoor shopping. Currently the market for online luxury fashion sales is dominated by U.S., Germany and U.K.
  
• The market in Latin America is expected to register a significant growth rate over the forecast period. Rise in textiles industry across the region is expected to create lucrative growth opportunities for the players in this region.
  
• Personal care industry is one of the key industries for the use of dyestuff for cotton. A strong cosmetics product sales in North America and Europe is expected to enhance the growth of dyestuff for cotton in the forecast period. The various types of dyestuffs that are used in cosmetics is particularly limited, because they must be registered on positive regulatory lists.
  
• Clariant AG, Kemira, Huntsman Corporation, Sumitomo Chemical Company Ltd., Rockwood Pigments Inc., Arkema SA, BASF SE, DuPont, Lanxess AG and Kiri Industries Ltd are few of the key players in global dyestuff for cotton market.
  
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• There are various organic, and inorganic growth strategies which are being followed by the leading market players in the market. Technological advancement is leading to the key innovation in the new product launches. Companies are also investing in expansions, mergers & acquisitions, and joint ventures in the market.
  

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Automotive Brake Fluid Market - Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2017–2025

Automotive brake fluid is a hydraulic fluid used in hydraulic clutch and hydraulic brake applications in motorcycles, light trucks, automobiles, and bicycles, among other applications. Automotive brake fluid is used to transfer force and to apply pressure on brakes and increase the brake force. Automotive brake fluid are composed of various types of glycols with low freezing point and designed not to damage rubber components in the braking system.

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Automotive brake fluid is mainly used in automotive to lubricate and prevent corrosion of the moving parts. Automotive brake fluid are renewed or changed every 1 to 2 years and monthly in racing automotive to improve the safety and durability of the vehicle, which creates a major market for automotive brake fluid across the globe and is expected to grow at a significant rate during the forecast period. Growing number of automotive OEMs and car services providers has resulted in the growth of technological advancement and product innovations of brake fluids by core companies such as BASF, Castrol, Bosch, Dow Automotive Systems, and Exxon Mobil along with others. Owing to these factors global automotive brake fluid market is expected to increase at a significant growth rate over the forecast period (2017-2025).

Automotive Brake Fluid Market Taxonomy
On the basis of fluid types,

• Non-petroleum base
  
• Petroleum (mineral) base
  

On the basis of product type,

• Castor oil-based (pre-DOT, DOT 2)
  
• Glycol-based (DOT 3, 4, 5.1)
  
• Silicone-based (DOT 5)
  

Automotive brake fluid is hydroscopic, meaning absorption of moisture is a natural property of brake fluid due to which corrosion is accumulated which serves as a restraint for the automotive brake fluid market. These restraints are significantly curtailed through product innovations by market leaders. For instance, a new product by Castrol which consist of polyglycol type brake fluid provides high braking performance under normal driving conditions which is commercialized under the product named as Castrol brake fluid dot 4.

The DOT (department of transportation) is categorized in automotive brake fluids by its boiling point and chemical composition. Automotive brake fluid is given by type such as DOT 5 (silicone based), DOT 5.1, DOT 4, and DOT 3 (glycol ether based). DOT 3, DOT 4, DOT 5.1 mainly consist of polyglycol and DOT 5 is composed of silicone. Gylcol fluids are used in 99% of vehicles and DOT 3 is majorly used due to its low content of water which affects the brake system and reduces corrosion. Brake pistons and cylinders suffer from wear and tear which results in periodic change in brake fluid which is a major factor for the growing demand of automotive brake fluid in the global market during the forecast period.

Automotive Brake Fluid Market Outlook – Asia Pacific to provide major growth prospects throughout the forecast period

In Asia Pacific, India and China is expected to fuel the growth of automotive brake fluid market at an increasing rate due to its regional demand and establishment of companies such as S-CCI India Private Limited, Napson Lubricants Private Limited and Unicorn Petroleum Industries Private Limited, and Starol Petroleum Limited. In new developments, BASF established an automotive brake fluid manufacturing plant in Pudong, Shanghai due to rise in demand of the domestic population. Owing to these factors the automotive brake fluid market is expected to grow at a significant rate in Asia Pacific in the forecast period.

Establishment of numerous workshops, retailers and service centers are the major factors to drive the global automotive brake fluid industry in the forecast period. In recent developments, TRW aftermarket brake fluids has developed an advanced DOT 3 brake fluid, which is utilized in advanced braking systems, which includes electronic stability programmers (ESP) due to which the brake fluid needs to react quickly and maximize the performance of the vehicle and prevents skidding. New brake fluids are installed in every new vehicle prior to sale, which is also a factor due to which growth is expected at a significant rate for the automotive brake fluid market during the forecast period.

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Some of the key participating players in the automotive brake fluid market are Beijing Haidian Huiyuan Synthetic Agents, Bosch, Copton, Beijing Haidian Huiyuan Synthetic Agents, Cnpc, Castrol (BP), Caltex, Exxon Mobil, Delian Group, Fuchs, Jilin Hairun, Irico Group, Original, Laike, Shenzhen Pingchi Industry Co, Shell, Sinopec, Total, Teec, Zhuhai Gaida Shiye, and Tianjin Xuqi Gongmao along with others.

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Ion Exchange Resins Market -Trends, Outlook, and Opportunity Analysis, Forecast 2016–2024

Ion exchange resins are small and insoluble matrices produced from organic polymer substrate. These resins are primarily used for purification of water in wastewater treatment plants & chemical industries. Their porous surfaces help to easily capture and release ions, which makes them highly effective in purification of organic compounds and radioactive elements. The global demand for ion exchange resins is expected to skyrocket over the following decade, mainly due to their advanced purification properties and their high feasibility in industrial applications for chemical processing plants. Health concerns arising from exposure to impure chemicals and organic compounds and rapid industrialization across several parts of the world are major factors fueling growth of the global ion exchange resins market. Rise in demand for clean and purified water continues to surge in all parts of the world, which boosts demand for inclusion of ion exchange resins in innovative & highly-evolved water purification techniques.

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Global Ion Exchange Resins Market: Market Dynamics

Increasing awareness towards softening and purification of water in industrial applications is expected to drive growth of the global ion exchange resins market. Moreover, increasing demand for ion exchange resins in various applications such as food & beverages, power generation, pharmaceuticals, domestic and waste water treatment, electrical & electronics and chemicals & fertilisers are expected to create highly conducive environment for market growth. Furthermore, growing awareness related to use of sustainable prodIon Exchange Resins Market,

Opportunity Analysisucts is expected to increase demand for environment friendly ion exchange resins.

Regulatory authorities such as EPA and European Commission are focusing on restriction of use of chemicals in water treatment for industrial, institutional and commercial-based applications. These authorities have passed various regulations to achieve targets, which are projected to downtrend the demand for ion exchange resins.

The growing demand for ion exchange resins in food & beverages industries is an opportunity for the key players to acquire untapped share in the global market.

Global Ion Exchange Resins Market: Segmentation

Global market can be segmented on the basis of type of ion exchange resins type:

• Cation Exchange Resins
• Specialized ion-exchange resins or Chelating Resins
• Anion Exchange Resins

Global market can be segmented based on the applications:

• Water purification
• Fertilisers
• Chemical processing
• Power generation
• Others (waste water treatment in industries, mining etc.)

Global market is also segmented based on the end-use industries:

• Electrical and electronicsIon Exchange Resins Market,
• Ion Exchange Resins Industry Insights,
  
• Trends,
  
• Outlook,
  
• Opportunity Analysis
• Food and beverages
• Pharmaceutical industry
• Water treatment plant
• Chemical industry

Global Ion Exchange Resins Market: Regional Overview

In the flourishing global market of ion exchange resins, Asia Pacific is expected to gain the significant growth in near future. Rapidly developing countries of Asia such as China and India are expected to witness robust industrial growth, which inadvertently would result in water pollution and compel steadfast adoption of water purification techniques involving ion exchange resins. Rise in government funding for construction, industrial and infrastructure development in countries of Middle East and Africa such as UAE, Oman and Saudi Arabia is also expected to increase the demand in global ion exchange resins market.

North America and Europe are expected to have least growth in the near future, as stringent government regulations on use of chemicals for water treatment in these regions are imposing a negative impact on the growth in use of ion exchange resins.

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Global Ion Exchange Resins Market: Key Players

 Some of the prominent market participants identified in the global ion exchange resins market are mentioned below:

• The Dow Chemical Company
• Thermax Limited
• Sunresin New Materials Co. Ltd.
• Ion Exchange (India) Ltd.
• Lanxess AG
• Jiangsu Suqing Water Treatment Engineering Group Co.
• Mitsubishi Chemical Corporation
• Purolite
• Sigma-Aldrich Co. LLC.
• Alfa Aesar (Thermo Fisher Scientific Inc.)
• ResinTech Inc.

Manufacturing companies such as the Dow Chemical Company and Resin Tech Inc. are focusing towards product launch and expansion to cater to the growing demand for ion exchange resins, globally.

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Phenolic Resins Market-Trends, Outlook, and Opportunity Analysis, Forecast 2016-2024

Phenolic resins or phenol formaldehyde resins are the synthetic polymers derived from the reaction between formaldehyde and phenol. Phenolic resins were regarded as the first commercial resins used in manufacturing of moulded products such as laboratory countertops and billiard balls. They are also used as coasting and adhesives. Various product types of phenolic resin currently available in the market, include, novolac resin, cresol, resol resin, bio-phenolic resin, and formaldehyde-free phenolic resin. Various trade names associated with these products include Bakelite, Aquarius, Maritex, Novo Text, and Oasis, etc. Attributed to its properties such as moisture resistance, heat resistance, adhesion, and high mechanical strength phenolic resins find prominent application in number of industrial activities such as laminates, offshore oil drilling, moulding compounds, , insulation purposes, hardeners, fire retardants, abrasives, friction materials, wood-adhesive, and others.

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Regulatory framework pertaining to phenolic resins include Japan Society of Occupational Safety that marks the permissible concentration of phenol and formaldehyde for the production of phenol resins and Industrial Safety and Health Act that has stated phenol and formaldehyde as labelled substance which allows the usage of phenol resins in various applications. Other agencies such as the U.S. Environmental Protection Agency (EPA), European Phenolic Resins Association (EPRA), and, REACH are also some of regulatory bodies for phenolic resins industry. These bodies ensure consumers’ health & safety by limiting pollution, and hazardous emissions pertaining to this industry.

Phenolic Resins Market Taxonomy

By Product Type

On the basis of product type, the global phenolic resin market is segmented into:

• Resol Resin
• Novolac Resin
• Others (Cresol Resin, Bio-Phenolic Resin, etc.)

By Form

Based on form, the global phenolic resins market is classified as:

• Powder
• Granules
• Liquid

By Application

Based on application, the global phenolic resins market is segmented as:

• Moulding Compounds
• Wood Adhesives
• Insulation
• Laminates
• Foundry
• Paper Impregnation
• Others (Abrasives, Friction Materials, etc.)

By End-user Industry

On the basis of end-user industry, the global phenol resins market is segregated as:

• Building & Construction
• Automotive
• Electrical & Electronics
• Furniture
• Others (Paints & Coatings, etc.)

Novolac resin has emerged as the leading phenolic resin type owing to its increasing application in maintenance coatings or as high-solid varnishes due to its high fire and corrosion resistance attributes combined with high carbon residue.

Global Phenolic Resin Market Outlook – Asia Pacific is set to register the fastest growth rate in global phenolic resins market owing to rapid urbanization

The global phenolic resin market is geographically segmented into North America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific has been the dominant market of phenolic resins in terms of consumption, thereby accounting for almost more than one-third share of the global phenolic resin market. This region is expected to exhibit the fastest growth during the forecast period (2016-2024), owing to the regulatory governing frameworks promoting the usage of lightweight composites in the automotive industry. Other driving factors for the significant growth in Asia Pacific include rapidly increasing population and rapid urbanization. According to the recent trends, phenolic resin manufacturers are gradually shifting their production bases from North America and Europe to emerging economies such as Asia in order to capitalize upon economies of scale by tapping in on low cost labour and extensive resource pools to increase production of phenolic resins.

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The key players operating in the global phenolic resins market are BASF SE, Hitachi Chemical Co. Ltd., Ludwigshafen Verbund, Sumitomo Bakelite Co. Ltd., Georgia Pacific Chemicals LLC, SI Group, Prefere Resins, Momentive Specialty Chemicals Inc., DIC Corporation, Kolon Industries Inc., and, Mitsui Chemicals Inc. These phenol resin players are focusing on establishing strategic agreements and partnerships to broaden and strengthen their production base in the value chain, either by forward integration in terms of supply of raw materials, or manufacturing the product themselves. Recently, BASF SE has expanded its South Korean production base, by doubling its phenol capacity. Few other companies such as Kanoria and Momentive have entered into a joint venture to build new production plants in India.

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Automotive Interior Materials Market-Trends, Outlook, Opportunity Analysis, and Global Industry Insights, 2016–2024

Automotive interiors, including seats, door panels, cockpit modules, steering wheels, and dashboards offer comfort to the vehicle drivers and also enhance the aesthetic appeal of the vehicle. Automotive interiors of superior quality minimize engine vibrations and act as effective cabin insulators, thereby enhancing the consumer’s riding experience. Attributed to the growing consumer preference for premium automotive interior materials and the desire to enhance the aesthetic appeal of the interiors, the global automotive interior material market is expected to witness a significant growth during the forecast period.

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Growth of the automotive interior materials market is mainly driven by rapidly growing automotive industry and rising inclination of consumers towards aesthetic features of the automotive interiors and also improving driving experience. OEMs offer high customization to satiate the specific demands of consumers, in order to capitalize upon high consumer purchasing power.  Consumers are increasingly inclined towards vehicles with features that were until now reserved for premium vehicles. These include premium seat covers, leather covered dashboards, and luxury carpeting, among others. This creates a highly conducive environment for growth of the market.  Furthermore, increasing demand for lightweight vehicles due to its low carbon emission quality, is also driving the manufacturers to focus on smart textiles appropriate for the vehicles thereby, boosting the demand for automotive interior materials. In 2015, global vehicle production was pegged at over 90 million, which increased to around 95 million in 2016. This creates a highly conducive environment for growth of the automotive interior materials market.

Growing awareness about waste disposal in the process of leather manufacturing required for the automotive interiors along with high prices of leather material are expected to restrain the growth of the market. Leather manufacturing is affected by a number of factors such as the use of chemicals such as formaldehyde, coal-tar derivatives, cyanide based materials and others that result in toxicity of the environment, usage of animal by-products thereby pressurizing the animal population, manufacturers who use premium leather to manufacture automotive interiors. A number of U.S. cities have passed on procurement policies on phasing out the purchase of PVC which is considered to a toxic material that can contaminate the environment. Hence the use of PVC in automotive interior materials is decreasing thereby hampering the growth of the market.

Automotive Interior Materials: Market Taxonomy

By Material Type

The global market can be segmented on the basis of type of material used which includes:

• Synthetic leather
• Pure leather
• Fabrics
• Thermoplastic polymers

By Vehicle Type

On the basis of vehicle type, the global market can be segmented into:

• Passenger vehicles
• Light commercial vehicles
• Heavy commercial vehicles

By Interior Type

Based on the interior type, the global market can be segmented into:

• Seat belts
• Steering wheel belts
• Seat covers
• Upholstery
• Interior roofing
• Cockpit
• Others

Global Automotive Interior Materials Market Outlook: Burgeoning growth of Automotive Sector in Asia Pacific to Fuel Market Growth

Geographically, the global automotive interior materials market is segmented into North America, Europe, Asia Pacific, Middle East and Africa. Booming automotive industry along with rising middle class population with high spending power creates highly lucrative opportunities for players in the automotive interior materials industry. In Asia-Pacific region, government initiatives in terms of subsidies and tax concessions across various countries are attracting the automotive OEMs to build their manufacturing plants in the region. For instance, in July 2016, the South Korean Ministry of Trade, Industry and Energy announced plans to make electric car batteries run longer, build a network of charging stations and make electric car purchases and ownership more affordable. The government expects that the current and future policy programs will help increase the electric car market share in South Korea to 0.5% in 2017, up from 0.2% in 2015, and to achieve 5.3% in 2020. Also, In April 2014, the Indian government announced a new plan to provide subsidies for hybrid and electric vehicles. The plan will have subsidies up to US$ 2,314 for cars and US$ 463 on two wheelers. This in turn positions Asia Pacific as a high growth market for automotive interior materials.

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Global automotive interior materials market is extremely competitive and consolidated with the presence of large players accounting for major share. Key players in the market include Sage Automotive Interiors Inc., BASF S.E., Katzkin Leather Interiors Inc., Eagle Ottawa, Borgers A.G., International Textile Group Inc., Faurecia S.A, Johnson Controls Inc., Lear Corporation, Dow Chemical Company, DK Leather Corporation Berhad, and E.I.DU Pont De Nemours.

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Global Concrete Bonding Market to Surpass US $5.23 Billion by 2025

The Global Concrete Bonding Agents Market was valued at US$ 2.77 billion in 2016, according to a new report published by Coherent Market Insights. Increasing construction activities to sustain the ever increasing population, especially in Asia Pacific and Latin America is surging demand for repairing, flooring, and decorative activities. Concrete bonding agents are gaining traction in repairing old infrastructure, due to their high bond strength, and maintaining high integrity when applied to old constructed surface. Moreover, these agents are highly preferred for their use as thin layer toppings in flooring application.

The global concrete bonding agents market is segmented into various applications namely repairing, flooring decorative, and marine. Repairing is the largest application segment due to growing need of repair and restoration activities for enhancing the quality of roads, bridges, parking areas, and old infrastructure for maintaining the strength and integrity. The high exposure to diverse climatic variations and pollution leads to concrete damage and compaction needs timely reparation; which in turn is enhancing the growth of concrete bonding agents in repair & restoration activities to maintain the infrastructure for generations.  

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Decorative application is the fastest growing application due to their effective bond strength when used in overlays and micro toppings for creating the architectural ascent. The growing need of well-furnished homes, highly luxurious residential apartmentpublished by Coherent Market Insights. Increasing construction activities to sustain the ever incrpublished by Coherent Market Insights. Increasing construction activities to sustain the ever increasing population, especially in Asia Pacific and Latin America is surging demand for repairing, flooring, and decorative activities. Concrete bonding agents are gaining tractieasing population, especially in Asia Pacific and Latin America is surging demand for repairing, flooring, and decorative activities. Concrete bonding agents are gaining tractis due to the growing urbanization, and rising disposable incomes of the people in Asia-Pacific, and Latin America are making decorative as the as the fastest-growing application in the concrete bonding agents market. Also, these agents are now extensively used in flooring applications such as extensions to structural concrete in factories, loading bays, bridges, roads, bonded or granolithic floor toppings due to their high flexibility, and maintaining compressive, flexural and tensile strength of cementitious systems. Furthermore, the rise in demand of concrete bonding agents for repairing the submerged structures in marine application are also contributing towards growth of the global concrete bonding agents market.

Key takeaways of the market:

• Asia-Pacific is projected to be the largest region in global concrete bonding agents market. It accounted for around 50.3% share of overall concrete bonding agents market in 2016, in terms of revenue. The market in this region is expected to be primarily driven by rampant growth of major end-use industries in China, India, and ASEAN countries. The growing repairing, flooring, and decorative activities due to the high growth in construction sector in the region creates a highly conducive environment for market growth.
• The market in Latin America, Middle East, and Africa is expected to register a significant growth rate over the forecast period. Rise in infrastructure development along with increasing demand of building new houses, are expected to create lucrative growth opportunities for the major players in these regions.
• The cementitious latex-based concrete bonding agents was the dominant segment in the global concrete bonding agents market in 2016 and the trend is expected to remain the same during the forecast period. The major factors for the high preference of these concrete bonding agents is that they offer effective water resistance, ageing characteristics, ultraviolet stability, and are highly compatible with cement. Also, these bonding agents are cost-effective and are available in a variety of formulations. Owing to these factors, these agents are the perfect binders for the cementitious water-based paints and waterproof coatings, which in turn are highly preferred by the end-users for the flooring, decorative, and renewal & restoration activities. Hence, making the cementitious latex based concrete bonding agents as the largest agent type segment in the global concrete bonding agents market.

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• Sika AG, Fosroc International Ltd., BASF SE, Saint-Gobain Weber S.A., Mapei S.p.A., Dow Construction Chemicals, Lafarge Holcim, The Euclid Chemical Company, GCP Applied Technologies Inc, Dow Corning Corporation, and The Quikrete Companies, Inc. are some of the key players in global concrete bonding agents market.

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Foam Blowing Agents Market-Trends, Outlook, and Opportunity Analysis, Forecast 2024

Foam blowing agents are substances that used in the foaming process to expand in matrix and offer cellular structure to substrates, thereby intensifying the flexibility as well as acoustic and thermal insulation of the final product. Drastic increase in demand for polymeric foams across industries, such as automotive, construction, and appliances, along with increased use of foam blowing agents in manufacturing of polyurethane foam is expected to play a major role in driving the growth of the global foam blowing agents market in the fuFoam Blowing Agents Industry Insightsture. Polyurethane foam is one of the most commonly used types of polymer foam, which finds wide application in various industries, including electronics, flooring, automotive, construction, packaging, and medical devices. The trend is expected to continue over the foreseeable future, which in turn is projected to positively impact growth of the global foam blowing agents market. The medical industry has witnessed rapid growth in the recent past, characterized by various technological advancements. Also, an upturn in the global trade has brought a surge in the demand for safe and reliable packaging of products, which requires foam-based polymers due to their shock absorbing nature. Therefore, the strengthening packaging and medical devices industries are together expected to boost the global market growth during the forecast period.
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Foam Blowing Agents Market Taxonomy
On the basis of type, the global market is classified into:

• Hydrofluorocarbons (HFCs)Foam Blowing Agents Industry Insights
  
• HFC-245fa
  
• HFC-134a
  
• HFC-152a
  
• HFC-365mfc
  
• Hydrochlorofluorocarbons (HCFCs)
  
• HCFC-141b
  
• HCFC-142-b
  
• HCFC-22
  
• Others
  
• Hydrocarbons (HCs)
  
• N-Pentane
  
• Isopentane
  
• Cyclopentane
  
• Isobutane
  
• Others
  
• Others
  
• Methyl formate
  
• Hydrofluoroolefin (HFO)
  
• Inert gases
  
• Others
  

On the basis of application, the global market is classified into:

• Polyurethane Foam
  
• Polyolefin Foam
  
• Polystyrene Foam
  
• Phenolic Foam
  
• Others
  

Reduction of greenhouse emissions a key focus areas of players in the global foam blowing agents market
The global foam blowing agents market is largely being driven by the constant advancements in technology. For instance, Chemours Company came up with Opteon™ 1100 foam blowing agent and BASF SPRAYTITE® foam insulation technologies, which ensure exceptional thermal insulation performance as well as reduced energy usage. These technologies also offer benefits such as reduction in greenhouse gas emissions and reducing environmental footprint.
Foam Blowing Agents Market Outlook – Rising living standards drive the global market growth
Rising living standards of people across the globe consequently contribute towards growth of end-use industries of foam blowing agents. Apart from this, in recent years, increase in purchasing power parity (PPP) has helped in the development of the flooring and furnishing industry, which demands polymeric foams for shock absorption. Thus, increased adoption of polymeric foams is projected to boost the global market growth.
Geographically, Asia Pacific has been the largest contributor to the global foam blowing agents market. The market growth can be owed to substantial infrastructural development, which helped the construction industry to expand in the region, especially in India, Thailand, South Korea and Vietnam; technological advancements and rapid industrialization. However, high costs associated with shifting technology, along with rampant changes in the United States Environmental Protection Agency (EPA), is looking at significant new alternatives policy (SNAP) in the foam blowing agents such as introduction of fourth-generation blowing agenta, AFA series and urethane foams, among others, which will replace the use of HCFC and HFC. It has taken effect since January 1, 2017, which in turn would restrain growth of the market of foam blowing agents.
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Some of the major companies in the foam blowing agents market are Arkema S.A., Exxon Mobil Corporation, Daikin Industries, Ltd., ZEON Corporation, Honeywell International Inc., Haltermann GmbH, Harp International Ltd., Sinochem Group, E.I. du Pont de Nemours & Company, and Solvay S.A. Other well-known companies in the global market include Linde AG, Astra Polymers, AkzoNobel N.V., KSJN Catalyzing Industries, Lychem International Co., Limited, SPL Group, Sunwell Global Ltd., BEO International, and Marubeni Corporation.



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