Foaming Agent Market to Reach USD 2755 Million by 2032

According to analysts at Vantage Market Research, the Global Foaming Agent Market size is worth USD 1895 Million in 2023 and is projected to reach USD 2755 Million by 2032, growing at a CAGR (Compound Annual Growth Rate) of 4.3% from 2024 to 2032. The market is driven by increased demand for lightweight materials and eco-friendly, sustainable product development in various industries.

Market Overview

A Foaming agent is a chemical that aids in the creation of foam and can be either synthetic or protein-based. Foaming Agents, like surfactants, work by lowering the surface tension of a liquid, thereby reducing the energy required to generate foam. These agents are added to industrial liquids for various applications, including heat insulation & shock absorption. Most commercial Foaming Agents are typically non-ionic surfactants and often contain polymeric materials. Foaming Agents are widely utilized in the construction industry, particularly in building materials. Synthetic Foaming Agents are commonly employed in the production of bricks, concrete, and concrete blocks. 

The global market is witnessing a significant shift towards environmentally friendly foaming agent. Due to stringent regulations and growing consumer demand for sustainable products, manufacturers are increasingly investing in eco-friendly alternatives like water-based and bio-based foaming agent. Innovations in foam production technologies are boosting the market growth. Developments in foam extrusion and molding techniques are enabling the production of foams with better consistency, durability, and functionality.

Huntsman launches new SHOKLESS™ polyurethane systems to help protect electric vehicle batteries

• Automotive experts from Huntsman have added a series of new lightweight, durable polyurethane foam technologies to the company’s battery solutions portfolio that have been developed for the potting and fixation of cells mounted in electric vehicle (EV) batteries. The new range also includes products that can be used as a moldable encapsulant in battery modules or packs. The new SHOKLESSTM foam systems can offer a flexible choice for helping to safeguard the structural integrity of EV batteries in case of impact or a thermal event. The product family includes a range of low to high density foams that can be used via common polyurethane dispensing processes and can offer a wide processing window for extra handling flexibility. 

Key Takeaways from the Report

• In 2023, Asia Pacific dominated the global market with a revenue share of 45.1%. The rising number of residential & commercial buildings, along with a surge in construction activities in China, India, and other developing economies is driving the market demand.
• In 2023, the Polyurethane foams segment dominated the global market in 2023, with 59.2% revenue share. Polyurethane foams focus on developing eco-friendly & high-performance formulations, driven by the rising demand for energy-efficient building materials and advancements in automotive interiors. 
• Regulatory bodies in Europe and North America, in particular, are pushing for the reduction or elimination of certain volatile organic compounds (VOCs) and hydrofluorocarbons (HFCs), prompting manufacturers to innovate and adopt safer alternatives.

Top Companies

• BASF SE
• Evonik Industries AG
• The Dow Chemical Company
• Solvay S.A.
• Huntsman Corporation
• Akzo Nobel N.V.
• Arkema Group
• Clariant AG
• Wacker Chemie AG
• Lanxess AG
• Adeka Corporation
• SABIC
• Foam Supplies Inc.
• Shin-Etsu Chemical Co. Ltd.
• Chemours Company

Report Coverage

Our market research reports provide comprehensive insights that are essential for strategic decision-making. We cover all key aspects of the market, including dynamics such as drivers, restraints, opportunities, and challenges, alongside the latest industry trends. Our analysis includes an in-depth technology roadmap, product life cycle evaluation, and PESTLE analysis, ensuring a thorough understanding of the market environment. We also assess GDP growth outlooks, examine regional market landscapes, and evaluate the impact of major events like the COVID-19 pandemic. Additionally, our reports feature a detailed competitive landscape, including company market shares and profiles, providing actionable intelligence to empower your business strategies.

Latest News

Arkema S.A. launched Forane 459A

• Arkema S.A. launched Forane 459A, an innovative foam blowing agent designed specifically for polyurethane insulation. This low-GWP solution enhances energy efficiency and sustainability, meeting the growing need for eco-friendly alternatives in insulation applications.