The Global Blowing Agent Market was valued at USD 1.13 Billion in 2025 and is projected to reach USD 1.58 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period (2025–2032). This growth is being driven by expanding construction and automotive sectors, rising demand for energy-efficient insulation materials, and the accelerating development of eco-friendly alternatives to meet stringent global environmental regulations.

As the chemical industry transforms toward more sustainable and high-performance material solutions, the spotlight is on the key manufacturers who are driving innovation, regulatory compliance, and cleaner production technologies. In this blog, we profile the Top 10 Companies in the Blowing Agent Industry—a mix of chemical giants, specialty chemical producers, and sustainability pioneers shaping the future of foam and insulation materials worldwide.

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🔟 1. Arkema S.A.

Headquarters: Colombes, France
Key Offering: HCFCs, HFCs, HFOs, and Formacel® blowing agents

Arkema is a leading global specialty chemicals player with a strong portfolio of high-performance blowing agents. The company offers a wide range of solutions for polyurethane, polystyrene, and polyolefin foam applications, with significant investments in developing next-generation low-GWP (Global Warming Potential) alternatives. Their Forane® and Formacel® brands are widely recognized in insulation and appliance markets.

Sustainability Initiatives:

• Development of ultra-low GWP hydrofluoroolefin (HFO) blowing agents

• Strategic partnerships with foam manufacturers for sustainable solutions

• Committed to carbon neutrality across operations by 2050

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Global Blowing Agent Market – View in Detailed Research Report

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9️⃣ 2. Daikin Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: HFOs, HFCs, and specialty fluorochemical blowing agents

Daikin is a global leader in fluorochemical technologies with a strong presence in the blowing agent market. The company’s innovative HFO blowing agents offer excellent thermal insulation properties with minimal environmental impact. Daikin’s products serve diverse applications from building insulation to automotive components and appliance manufacturing.

Sustainability Initiatives:

• Pioneering development of 4th generation low-GWP blowing agents

• Global expansion of environmentally friendly product lines

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8️⃣ 3. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Solstice® blowing agents, HFOs, and specialty formulations

Honeywell’s Advanced Materials division is at the forefront of sustainable blowing agent technology with its Solstice® product line. These next-generation solutions deliver superior performance while addressing environmental concerns associated with traditional blowing agents. Honeywell serves global markets with a focus on energy efficiency and regulatory compliance.

Sustainability Initiatives:

• Solstice® blowing agents with GWP near 1

• Global manufacturing capacity expansion for low-GWP products

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7️⃣ 4. The Chemours Company

Headquarters: Wilmington, Delaware, USA
Key Offering: Opteon® blowing agents, HFOs, and specialty chemicals

Chemours is a leading provider of titanium technologies and fluoroproducts, including advanced blowing agents for various industrial applications. The company’s Opteon® platform offers sustainable alternatives to high-GWP blowing agents, with applications spanning construction, automotive, and appliance industries across global markets.

Sustainability Initiatives:

• Development of non-flammable, low-GWP blowing agent solutions

• Commitment to sustainable chemistry and circular economy principles

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6️⃣ 5. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Hydrocarbons, pentane blends, and specialty blowing agents

BASF offers a comprehensive portfolio of blowing agents and related technologies for polyurethane rigid foams and other applications. The company’s expertise in hydrocarbon blowing agents positions it well in markets transitioning toward more environmentally friendly options. BASF provides integrated solutions from raw materials to finished foam systems.

Sustainability Initiatives:

• Development of natural blowing agent alternatives

• Energy-efficient foam system solutions for building insulation

Download FREE Sample Report:
Global Blowing Agent Market – View in Detailed Research Report

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5️⃣ 6. ExxonMobil Corporation

Headquarters: Irving, Texas, USA
Key Offering: Hydrocarbon blowing agents, pentanes, and isobutane

ExxonMobil Chemical is a major supplier of hydrocarbon blowing agents used primarily in polystyrene and polyolefin foam applications. The company’s extensive petrochemical infrastructure supports reliable supply of blowing agent feedstocks. ExxonMobil serves global markets with a focus on performance and cost-effectiveness in foam production.

Sustainability Initiatives:

• Investment in lower-carbon intensity production processes

• Development of advanced hydrocarbon blends for improved performance

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4️⃣ 7. Haltermann GmbH

Headquarters: Hamburg, Germany
Key Offering: Hydrocarbon blowing agents, pentane blends, and custom formulations

Haltermann, a subsidiary of HCS Group, specializes in high-purity hydrocarbon products including blowing agents for rigid polyurethane and polystyrene foams. The company serves European and global markets with tailored solutions for specific customer requirements. Haltermann’s technical expertise supports customers in optimizing foam properties and manufacturing efficiency.

Sustainability Initiatives:

• Focus on hydrocarbon-based environmentally friendly alternatives

• Custom formulations to reduce environmental impact

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3️⃣ 8. Foam Supplies, Inc.

Headquarters: Earth City, Missouri, USA
Key Offering: ecomate® blowing agents, polyurethane systems, and technical services

Foam Supplies is a specialty chemical company focused on innovative blowing agent technologies, particularly its ecomate® brand of methylal-based blowing agents. These solutions offer zero ozone depletion potential and low global warming potential, making them attractive alternatives to traditional blowing agents in various foam applications.

Sustainability Initiatives:

• ecomate® blowing agents with GWP less than 10

• Partnerships for sustainable foam manufacturing solutions

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2️⃣ 9. Sinochem Group

Headquarters: Beijing, China
Key Offering: HCFCs, HFCs, and developing HFO blowing agents

Sinochem is a major Chinese chemical company with significant presence in the blowing agent market, particularly in Asia-Pacific regions. The company supplies various blowing agent types while investing in next-generation technologies to meet evolving regulatory requirements. Sinochem’s strong domestic position supports China’s growing insulation and foam manufacturing sectors.

Sustainability Initiatives:

• Transition toward lower-GWP alternatives in line with national regulations

• Investment in HFO production capabilities

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1️⃣ 10. Zhejiang Juhua Co., Ltd.

Headquarters: Quzhou, Zhejiang, China
Key Offering: HCFCs, HFCs, and fluorochemical blowing agents

Zhejiang Juhua is a leading Chinese fluorochemical producer with significant capabilities in blowing agent manufacturing. The company serves domestic and international markets with a range of fluorocarbon-based blowing agents while developing more sustainable alternatives. Juhua’s integrated production platform provides cost advantages in competitive markets.

Sustainability Initiatives:

• Development of next-generation low-GWP blowing agents

• Compliance with evolving environmental regulations

Get Full Report Here:
Global Blowing Agent Market – View in Detailed Research Report

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🌍 Outlook: The Future of Blowing Agents Is Sustainable and High-Performance

The global blowing agent market is undergoing a significant transformation. While traditional products still dominate certain applications, the industry is investing heavily in eco-friendly alternatives, advanced formulation technologies, and sustainable production processes.

📈 Key Trends Shaping the Market:

• Rapid transition to low-GWP blowing agents in North America and Europe

• Regulatory phase-down of HFCs driving innovation in alternative chemistries

• Growing adoption of hydrocarbons and HFOs in insulation applications

• Manufacturer-end user collaborations for application-specific solutions

Get Full Report Here:
Global Blowing Agent Market – View in Detailed Research Report

The companies listed above are not only supplying essential chemical components—they’re spearheading the sustainable transformation of foam and insulation materials across global industries.