The blowing agent is a chemical additive that can produce a cellular structure when processed through a foaming process and is available in all three different forms, namely gas, liquid and solid. According to BlueQuark Research & Consulting, the global Blowing Agent market is expected to witness a significant growth rate during the forecasted period. Factors like the increased use of Blowing agents in the Building & Construction Industry due to their properties like lightweight and heat insulation are expected to propel the future Blowing Agent market in the forecasted period. Further, the usage of Blowing agents in the Automobile industry due to their desirable properties like electrical insulation, shock absorption etc., is estimated to drive the growth of the Global Blowing Agent market in the forecasted period. Furthermore, the increasing demand for Blowing agents in the Healthcare industry is expected to drive the global Blowing Agent market in the forecasted period. However, high fluctuation in the raw materials prices of Blowing Agent is likely to obstruct the Global Blowing Agent Market's growth in the forecasted period. 

Blowing Agent is used in windows, doors, insulating coatings, bedding, seating, carpet backing, electronics, computer, dash panels, shoe soles, etc. 

The Primary use of Blowing agents is in the Building & Construction Industry. Increasing demand and production of polymeric foam, increasing use of blowing agents for a wide range of end-use applications such as automotive building and construction, furniture, appliances, packaging, and other applications industrial manufacturing, and a surge in industrialization, especially in the developing countries are the significant factors attributable to the development of the blowing agents market. There has been a remarkable increase in the usage of Blowing Agent in the Building & Construction Industry owing to their properties like low impact on the environment, low amount of VOC, environment & user friendly, low global warming potential, non-ozone depletion, and reduced energy consumption, thereby driving the global Blowing Agent market. Further, they are used as a component in building insulation, such as windows, block pipe, and roof insulation, doors, sheathing, as it helps to create better uniform parts, resulting in better, tighter insulation, higher energy efficiency, and limited energy consumption, thereby driving the global market for Blowing Agent. They are also used in phenolic foams but with minimal usage in panels to act as insulating barriers in wall cavities, roofing, and floor insulation. Moreover, they are used in polyurethane foams with a high implementation in pipes to prevent heat loss even during cold climates and avoid cracking or freezing for long-distance heating. Rising industrialization coupled with a growing focus on the technological advancements and up gradations by the end-user verticals will also directly and positively impact the market's growth rate. Growth and expansion of the manufacturing industry coupled with an increase in the building and construction activities will develop and carve the way for market growth. These are the factors predicted to drive the development of the Global Blowing Agent market.   

The Asia-Pacific region is expected to be a market leader as it is one of the fastest-growing markets for Blowing agents. Factors like increasing population, increasing income families, young people, and demand in the domestic and regional markets have elevated the need for Blowing Agent in these regions, thereby driving the market in the Asia Pacific region. China and India are the primary consumers in Asia-Pacific Region, with China holding a sizeable economic GDP. Blowing agents are chemicals that, through the foaming process, create a cellular structure in various materials such as plastics, polymers, and metals. This cellular structure decreases density and improves acoustic and thermal insulation while maintaining the original polymer's stiffness. The global Blowing Agent Market is being driven forward by demand from the application sector. Foam blowing agent are used in various industries, including construction, automotive, food packaging, and electronics. A blowing agent is a substance that, through a foaming process, can bring out a cellular structure in various hardening or phase transition materials such as polymers, plastics, and metals. They're most generally used when the blown material is still liquid. A matrix's cellular structure reduces density while simultaneously increasing thermal and acoustic insulation. The blowing agent is utilized to create a cellular structure from liquid plastic resin and also serves as an insulating component of foam used for insulation. Polyolefin foam are a high-performance packaging material, mainly used for packaging delicate, high-value equipment due to their added resilience. Thus, the rise in the global packaging industry is predicted to drive the demand for such foams, which, in turn, will propel the foam blowing agents market. Further, the high usage of HFC blowing agents for manufacturing polyolefin foams is supporting the growth of this market. Additionally, factors like the GDPs of the emerging countries rising with the manufacturing capabilities and funds allocated for infrastructure development are estimated to drive the global foam Blowing Agent market. Further, Blowing Agent is used as sealants and insulation coatings during the production of different parts of automobiles. China is also the world's largest automobile manufacturing economy, driven by its ability to deliver low-cost labor and materials. Moreover, blowing agents produce the required pressure to stop abdominal bleeding, thereby used for healing abdominal trauma among military personnel. Factors like these have made Asia-Pacific an essential scope for the global Blowing Agent market.

Some of the market's key players are Arkema, Harp International, Huntsmen, Lanxness, and Nouryon among others. 

In February 2021, Arkema announced an increase in the production of insulation-foam Blowing agents.

In January 2020, Arkema announced a new, high-performance, low GWP Blowing Agent.

Global Blowing Agent Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Blowing Agent market by segmenting based on Product Type (Hydrochlorofluorocarbons, Hydrofluorocarbons, Hydrocarbons & Others), By Foam Type (Polyurethane Foam, Polystyrene Foam, Phenolic Foam & Others) by End-User Type (Building & Construction, Automobile, Medical, Bedding & Furniture, Appliances & Others). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.