Global industrial thermal insulation market is forecast to exhibit a CAGR of over 7% during 2021-2026, growing from over $ 6.8 billion in 2019, owing to expanding industrial sector and stringent safety and emission norms. Insulation is defined as the process of using a material or a compound made up of different materials that are capable of restricting the flow of thermal or heat energy. Thermal insulation has become essential in industries for safety and for reducing heat loss during the manufacturing process. Industrial thermal insulation helps in increasing the sustainability of manufacturing processes. The rising demand in industrial refrigeration to prevent condensation and development in high temperature insulation wools is expected to positively influence the market during forecast period.

Some of the leading players in global industrial thermal insulation market are Rockwool A/S, Paroc Group Oy, The 3M Company, NICHIAS Corporation, TechnoNICOL Corporation, Evonik Industries AG, Pittsburgh Corning Corporation, Armacell Enterprise GmbH & Co. KG, Cabot Corporation and BASF SE.

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Blowing Agents Market: Navigating Sustainability in Foaming Processes
Blowing Agents Market is in Trends by Environmental Regulation

The blowing agents market includes a wide range of chemical compounds that are used as foaming or blowing agents in the production of plastic and polymer foams. Blowing agents are inserted into the raw materials and on application of heat, they expand the material into a light, resilient cellular structure. Some common applications of blowing agents include insulation in construction and building products, packaging fillings, cushioning, and others. Due to their light weight and excellent thermal insulation properties, polymer foams are increasingly used across various industries.

The global blowing agents market is estimated to be valued at US$ 4.90 billion in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period from 2023 to 2030.

Key Takeaways

Key players operating in the blowing agents market include DuPont, Arkema S.A., Honeywell International Inc., Solvay S.A., Foam Supplies, Inc., AkzoNobel NV, Haltermann GmbH, Linde AG, Americhem, and HARP International Ltd. The global polymer foam market is growing rapidly due to increasing construction activities and rising demand from the automotive and packaging industries. Stringent environmental regulations regarding phasing out of hydrofluorocarbons (HFCs) are also fueling a shift toward more eco-friendly blowing agents. Several companies are expanding their production facilities globally to cater to the growing demand, especially in Asia Pacific and Latin America.

Market key trends

One of the key trends in the global blowing agents market is the shift toward eco-friendly alternatives due to stringent environmental regulations. Hydrofluoroolefin (HFO) blowing agents have emerged as one of the most popular sustainable substitutes for HFCs and HCFCs. They have zero ozone depletion potential and low global warming potential. Rapid technological advancements are also aiding product development. For instance, silicone-based blowing agents offer higher temperature stability, flexibility in processing, and better eco-credibility. Adoption of Industry 4.0 technologies further helps in optimizing manufacturing processes.


Porter’s Analysis
Threat of new entrants: New entrants will have difficulty in gaining economies of scale and cost advantage.

Bargaining power of buyers: Buyers have high bargaining power as there are many established manufacturers.

Bargaining power of suppliers: There is moderate supplier power as raw materials are specialized and prices are influenced by demand-supply conditions.

Threat of new substitutes: New substitutes in the form of bio-based blowing agents and natural gas are putting pressure on market share of traditional CFC and HCFC blowing agents.

Competitive rivalry: Intense competition among established manufacturers.

The geographical regions where the value of blowing agents market is highly concentrated are North America and Europe. North America region accounts for more than 30% of the global market value due to presence of major polyurethane foam manufacturing industries. Europe is also one of the major markets for blowing agents considering the flourishing construction and automotive industries in the region.

Asia Pacific region is expected to witness the fastest growth in blowing agents market during the forecast period. Rapid industrialization and economic development along with growth of end use industries especially construction and packaging are driving the market growth in Asia Pacific. Countries like China, India, Indonesia, and Vietnam offer immense opportunities for manufacturers given their huge population base and increasing disposable incomes.

Global industrial thermal insulation market is forecast to exhibit a CAGR of over 7% during 2021-2026, growing from over $ 6.8 billion in 2019, owing to expanding industrial sector and stringent safety and emission norms. Insulation is defined as the process of using a material or a compound made up of different materials that are capable of restricting the flow of thermal or heat energy. Thermal insulation has become essential in industries for safety and for reducing heat loss during the manufacturing process. Industrial thermal insulation helps in increasing the sustainability of manufacturing processes. The rising demand in industrial refrigeration to prevent condensation and development in high temperature insulation wools is expected to positively influence the market during forecast period.

Some of the leading players in global industrial thermal insulation market are Rockwool A/S, Paroc Group Oy, The 3M Company, NICHIAS Corporation, TechnoNICOL Corporation, Evonik Industries AG, Pittsburgh Corning Corporation, Armacell Enterprise GmbH & Co. KG, Cabot Corporation and BASF SE.

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Global industrial thermal insulation market is forecast to exhibit a CAGR of over 7% during 2021-2026, growing from over $ 6.8 billion in 2019, owing to expanding industrial sector and stringent safety and emission norms. Insulation is defined as the process of using a material or a compound made up of different materials that are capable of restricting the flow of thermal or heat energy. Thermal insulation has become essential in industries for safety and for reducing heat loss during the manufacturing process. Industrial thermal insulation helps in increasing the sustainability of manufacturing processes. The rising demand in industrial refrigeration to prevent condensation and development in high temperature insulation wools is expected to positively influence the market during forecast period.

Download Free Sample Report:
https://www.techsciresearch.com/sample-report.aspx?cid=3876

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For More Information Visit:
https://www.techsciresearch.com/report/global-industrial-thermal-insulation-market/3876.html

Some of the leading players in global industrial thermal insulation market are Rockwool A/S, Paroc Group Oy, The 3M Company, NICHIAS Corporation, TechnoNICOL Corporation, Evonik Industries AG, Pittsburgh Corning Corporation, Armacell Enterprise GmbH & Co. KG, Cabot Corporation and BASF SE.

Global industrial thermal insulation market is forecast to exhibit a CAGR of over 7% during 2021-2026, growing from over $ 6.8 billion in 2019, owing to expanding industrial sector and stringent safety and emission norms. Insulation is defined as the process of using a material or a compound made up of different materials that are capable of restricting the flow of thermal or heat energy.

Thermal insulation has become essential in industries for safety and for reducing heat loss during the manufacturing process. Industrial thermal insulation helps in increasing the sustainability of manufacturing processes. The rising demand in industrial refrigeration to prevent condensation and development in high temperature insulation wools is expected to positively influence the market during forecast period.

Some of the leading players in global industrial thermal insulation market are Rockwool A/S, Paroc Group Oy, The 3M Company, NICHIAS Corporation, TechnoNICOL Corporation, Evonik Industries AG, Pittsburgh Corning Corporation, Armacell Enterprise GmbH & Co. KG, Cabot Corporation and BASF SE.

Download Free Sample Report:
https://www.techsciresearch.com/sample-report.aspx?cid=3876

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For More Information Visit: https://www.techsciresearch.com/report/global-industrial-thermal-insulation-market/3876.html

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The Importance of Cenosphere for Enhanced Ceramic Products





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The Ceramic Foams Market is flourishing with its versatile applications in metallurgy, foundry, and thermal insulation. These lightweight and heat-resistant foams are integral in metal casting processes, providing intricate shapes and improved metal quality. As industries prioritize energy efficiency and performance, ceramic foams find use in aerospace, automotive, and construction. Their high-temperature stability and superior thermal insulation properties make them essential in diverse applications. With ongoing advancements in material science and a focus on sustainable solutions, the Ceramic Foams Market is poised for sustained growth, catering to the evolving demands of modern industries. #CeramicFoams #IndustrialInnovation