The Global HFO Blowing Agent Market was valued at USD 1.2 Billion in 2025 and is projected to reach USD 1.9 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2034). This robust growth is primarily driven by stringent global environmental regulations, such as the Kigali Amendment to the Montreal Protocol, and the accelerating demand for energy-efficient insulation materials in construction and appliance manufacturing.

As industries worldwide pivot towards greener alternatives to phase out high-Global Warming Potential (GWP) hydrofluorocarbons (HFCs), Hydrofluoroolefin (HFO) blowing agents have emerged as the sustainable solution. With zero Ozone Depletion Potential (ODP) and significantly lower GWP, HFOs are revolutionizing the production of polyurethane and polyisocyanurate foams. In this blog, we profile the Top 10 Companies in the HFO Blowing Agent Industry—a group of chemical innovators and global suppliers shaping the future of sustainable insulation.

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🔟 1. The Chemours Company

Headquarters: Wilmington, Delaware, USA
Key Offering: Opteon™ 1100 Series (HFO-1336mzz), Formacel® Z-6 (HFO-1336mzz-Z)

The Chemours Company is a global leader in fluoroproducts and a pioneer in HFO technology. Its Opteon™ blowing agents are designed for appliance and construction foam applications, offering superior performance with ultra-low GWP. Chemours has invested heavily in manufacturing capacity to meet the rising global demand for sustainable solutions.

Sustainability Initiatives:

• Commitment to achieving a 60% revenue footprint from products that contribute to the UN Sustainable Development Goals by 2030

• Development of next-generation HFOs with near-zero GWP

• Global partnerships with major foam manufacturers and appliance brands

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9️⃣ 2. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Solstice® Liquid Blowing Agent (LBA), Solstice® Gas Blowing Agent (GBA)

Honeywell is a cornerstone of the HFO blowing agent market with its Solstice® portfolio. These products are non-flammable, offer excellent thermal insulating properties, and have a GWP of 1, which is 99.9% lower than that of the HFCs they replace. Honeywell’s technology is widely adopted in spray foam, panel, and appliance insulation.

Sustainability Initiatives:

• Pioneered the commercialization of HFO-1234ze, a key low-GWP blowing agent

• Estimated to have avoided over 250 million metric tons of CO2e emissions through Solstice® products

• Ongoing R&D to expand applications into new foam types and regions

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8️⃣ 3. Arkema S.A.

Headquarters: Colombes, France
Key Offering: Forane® FBA 1233zd, Forane® FBA 1336mzz

Arkema is a major European chemical player with a strong focus on sustainable materials. Its Forane® range of HFO blowing agents is critical for producing high-performance, energy-saving insulating foams. The company has a significant global presence and is actively expanding its HFO production capabilities.

Sustainability Initiatives:

• Ambitious target to align 100% of its R&D budget with sustainable development by 2030

• Investment in bio-based raw materials for future HFO production pathways

• Active participation in global consortia to standardize HFO use and safety

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7️⃣ 4. Daikin Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: Daikin HFO Blowing Agents

Daikin, a world leader in air conditioning, is also a key innovator in fluorochemicals, including HFO blowing agents. Leveraging its deep expertise in refrigerant technology, Daikin develops HFO solutions that cater specifically to the Asian market’s stringent energy efficiency standards for appliances and building materials.

Sustainability Initiatives:

• Global environmental target to achieve carbon neutrality by 2050

• Development of HFO blends optimized for specific foam densities and applications

• Strong focus on lifecycle assessment (LCA) to quantify the environmental benefits of its products

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6️⃣ 5. Linde plc

Headquarters: Guildford, United Kingdom
Key Offering: HFO Blending and Distribution Services

Linde, a leading global industrial gases and engineering company, plays a crucial role in the HFO supply chain. It provides high-purity HFO blowing agents and specialized blending services to foam manufacturers, ensuring consistent quality and performance for large-scale industrial applications.

Sustainability Initiatives:

• Commitment to achieving climate neutrality by 2050

• Investment in sustainable logistics and distribution networks to minimize the carbon footprint of its supply chain

• Technical support services to help customers transition smoothly from HFCs to HFOs

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5️⃣ 6. Yuji Tech Co., Ltd.

Headquarters: Seoul, South Korea
Key Offering: Yuji HFO Blowing Agents (HFO-1234ze, HFO-1336mzz)

Yuji Tech is a prominent South Korean specialty chemical company that has rapidly gained market share in the HFO sector. It focuses on supplying high-quality, cost-effective HFO blowing agents to the booming appliance and construction industries across Asia, with a growing export footprint.

Sustainability Initiatives:

• Strategic focus on developing HFO alternatives tailored for price-sensitive markets

• Investment in local production to reduce import dependency in the Asian region

• Collaborations with academic institutions for advanced HFO research

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4️⃣ 7. Sinochem Lantian Co., Ltd.

Headquarters: Hangzhou, China
Key Offering: Lantian HFO Blowing Agents

As part of the state-owned Sinochem Group, Sinochem Lantian is a key player in China’s domestic HFO market. The company is critical to supporting China’s national “Dual Carbon” goals by providing local foam manufacturers with compliant, low-GWP blowing agent solutions, reducing reliance on imports.

Sustainability Initiatives:

• Aligns with China’s national policy to peak carbon emissions before 2030 and achieve carbon neutrality before 2060

• Significant investment in domestic R&D and production capacity for HFOs

• Focus on securing the supply chain for critical raw materials within China

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3️⃣ 8. ZEON Corporation

Headquarters: Tokyo, Japan
Key Offering: ZEON HFO Blowing Agents

ZEON Corporation is a Japanese chemical company renowned for its elastomers and specialty chemicals. It has developed proprietary HFO blowing agent technologies that offer excellent foam cell structure and thermal insulation properties, making them ideal for high-performance applications in automotive and electronics insulation.

Sustainability Initiatives:

• Corporate vision focused on contributing to a sustainable society through innovative chemistry

• Development of HFOs with improved solubility and processing characteristics

• Active in international patenting to protect its novel HFO technologies

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2️⃣ 9. Haltermann Carless

Headquarters: Hamburg, Germany
Key Offering: Specialty Hydrocarbons and HFO Blends

Haltermann Carless, a leading specialty chemicals company, offers innovative blowing agent solutions, including hydrocarbon-based products and emerging HFO blends. The company serves a diverse range of industries and provides custom solutions tailored to specific customer foam formulations and performance requirements.

Sustainability Initiatives:

• Strong focus on circular economy principles and resource efficiency

• Exploration of bio-based feedstocks for future blowing agent production

• Expertise in formulating blends that optimize performance while minimizing environmental impact

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1️⃣ 10. SRF Limited

Headquarters: Gurugram, India
Key Offering: HFO Blowing Agents for Polyurethane Foams

SRF Limited is a leading Indian multinational in the chemical and packaging film industries. It has entered the HFO blowing agent market to cater to the rapidly growing demand for sustainable insulation in India’s construction and appliance sectors, positioning itself as a key regional supplier.

Sustainability Initiatives:

• Commitment to increasing the share of environmentally friendly products in its portfolio

• Investment in backward integration to secure supply chains for HFO production

• Focus on educating the local market on the benefits of transitioning to low-GWP technologies

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🌍 Outlook: The Future of HFO Blowing Agents Is Efficient and Eco-Conscious

The HFO blowing agent market is at the forefront of the chemical industry’s green transition. As regulatory pressures intensify and consumer preference for sustainable products grows, the demand for these advanced materials is set to accelerate significantly.

📈 Key Trends Shaping the Market:

• Accelerated HFC Phase-Down: The global implementation of the Kigali Amendment is creating a massive, legally-mandated market for HFOs as the primary replacement for HFCs in foam blowing.

• Rising Energy Efficiency Standards: Stricter building codes and appliance energy ratings worldwide are driving the adoption of high-performance insulating foams, which rely on HFO blowing agents for optimal thermal resistance.

• Innovation in Next-Gen HFOs: Continuous R&D is focused on developing HFOs with even lower GWPs, improved fire resistance, and better compatibility with various polymer systems.

• Geographic Expansion: While North America and Europe are mature markets, Asia-Pacific is witnessing explosive growth due to urbanization, industrialization, and new environmental regulations.

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HFO Blowing Agent Market – View in Detailed Research Report

The companies leading the HFO blowing agent market are not just supplying chemicals; they are providing the essential enablers for a more energy-efficient and climate-friendly built environment. Their innovations are directly contributing to reducing global greenhouse gas emissions, one foam panel and appliance at a time.