Blowing Agent Market to Hit $2.94 Billion by 2035 as Low-GWP HFO Demand Rises
Updated
Updated · GlobeNewswire · Jul 27
Blowing Agent Market to Hit $2.94 Billion by 2035 as Low-GWP HFO Demand Rises
1 articles · Updated · GlobeNewswire · Jul 27
Summary
$2.94 billion is the projected size of the global blowing agent market by 2035, up from $1.79 billion in 2025 at a 5.41% CAGR.
Low-GWP demand is driving that growth as regulators phase out high-global-warming-potential compounds and builders, automakers and appliance makers seek more energy-efficient foam insulation.
Chemical blowing agents led the market with a 51.8% share in 2025, while HFCs held 38.7% by type; HFOs are forecast to grow fastest as manufacturers replace higher-GWP alternatives.
Building and construction accounted for 33.8% of 2025 demand, polyurethane foam held 45.3%, and automotive is expected to post the fastest application growth on lightweighting trends.
North America led with a 32.5% share in 2025, but Asia Pacific is forecast to expand fastest, while Honeywell and Chemours have already rolled out new HFO capacity and formulations.