North America Foam Blowing Agents Market Report: Size, Share, Strategic Developments, and Growth Potential Estimation, 2024–2030

Market Overview

The North American foam blowing agents market size is USD 305.8 million (E) in 2023, and it will propel at 5.8% compound annual growth rate during 2024–2030, to reach USD 451.5 million by 2030.

These agents are utilized to formulate additives that form a cellular structure in the substrate with the help of a foaming procedure. Due to the large end-user base in North America and the enormous demand for blowing agents for creating PU foam, this industry is projected to advance.

Role of Foam Blowing Agents in Saving the Environment

The key ecological challenges globally include the deterioration of the ozone layer and climate change. The U.S. government is laying down strict environmental guidelines in order to decrease the release of GHGs. Hence, the growth in the consumption of low-GWP and zero-ODP blowing agents is generating a number of opportunities for the industry in the region. Environmental knowledge and government legislations have propelled the use of eco-friendly blowing agents. Moreover, it is because of the rapid climate change that consumers are shifting toward environment-friendly blowing agents.

The increasing usage of these chemicals in the polymeric foam sector is strongly propelling the growth of the industry. Blowing agents are gaining traction in the production of phenolic foam, polyurethane foam, polystyrene foam, and polyolefin foam. Another important factor propelling the industry is the increasing varieties of such products, such as spray foams.

How Foaming Agents Help Cure Gastrointestinal Wounds?

Additionally, new applications in the healthcare industry will help in the development of the industry. An example is the FDA sanction of a novel foaming agent for curing gastrointestinal wounds in military personnel by being injected into the abdomen. The required pressure to stop the bleeding is formed by blowing agents. A recent study discovered that in the last 10 years, contemporary foaming technology helped in preventing nearly 91% of fatalities in the battlefield.

The U.S. Food and Drug Administration had given Arsenal Medical an Investigational Device Exemption for the examination of injectable ingredient ResQFoam. The process includes injecting two liquid polymers that quickly blend and make a foam, which enlarges rapidly within the bloodstream to stop the hemorrhage. The doctor then gets rid of the material.

Another such material has been created by Critical Innovations, with a different mechanism. The key polymer in the agent hardens with the higher body temperature, after it is injected with the help of a foaming agent by an auto-stopping needle. Then the foam begins to enlarge and apply pressure. The doctor can inverse this procedure with a cooling liquid and then, drain it. The foaming agent is intended to gradually dissolve in the body if no more treatment is needed.

Explore more about this report - Request free sample

Growing Need for Polyurethane Foam

Another key industry that uses foam blowing agents is construction, which continues to boom in Canada and the U.S. Moreover, the growing requirement for superior blowing agents to make polymeric foams supports the industry development. Apart from building & construction, the growing packaging, marine, automotive & transportation, electrical appliances, furniture & bedding, and packing industries are powering the polymer foam industry.

Increasing Standard of Living

The increasing quality of life of people is the main reason for the development of the industry. This is because the increasing purchasing power in the continent supports the growth of the flooring & furnishing industry. Foam blowing agents are used to make foamed carpet pads, to which they provide sound-dampening, cushioning, and insulation properties.

Furthermore, in the furnishings market, they are extremely important in manufacturing lightweight mattresses. Foam blowing agents help in the expansion of foam materials, thus resulting in high performance, cost-effectiveness, and high aesthetics. In this regard, the presence of numerous luxury hotel chains in the continent drives the market, as these mattress qualities are imperative here.

Polyurethane Foam Category Is Dominating Industry

On the basis of application, polyurethane foam is dominating the industry. This can be credited to the flexibility and diverse properties of this material. Moreover, its multipurpose nature makes it a favored option in many applications, from insulation and cushioning to packaging and upholstery. Its exceptional insulation abilities, moisture resistance, and toughness further consolidate its position as a leading product in the foam market.

Further, the requirement for blowing agents in PU spray foam is growing for usage as roof and wall padding in agricultural, residential, and commercial structures. In this regard, the market is driven by the continuous growth in these sectors and the fact that being a cold region, building insulation is vital here. Proper insulation not only helps maintain the desired temperature inside buildings but also reduces the need for energy for heating.

Hydrocarbons Category Holds Largest Market Share

The type segment is divided into hydrocarbons, hydrochlorofluorocarbons, hydrofluoroolefins, hydrofluorocarbons, and others. Among these, the hydrocarbons category dominates the industry, and this trend will continue in the future as well. This growth can be credited to the enormous usage of extruded polystyrene foams and hydrocarbon-based polyolefin foams in refrigerators and packing.

Major Companies in North America Foam Blowing Agents Market Are:

• Arkema S.A. 
• Daikin Industries Ltd., 
• Exxon Mobil Corporation
• Honeywell International Inc. 
• Sinochem Group Linde AG 
• Zeon Corporation 
• Solvay S.A.
• Harp International Ltd.