The Global Capsule Blowing Agent Market was valued at US$ 187.5 Million in 2025 and is projected to reach US$ 265.8 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2025-2034). This significant growth is being driven by the rising demand for lightweight materials, advancements in polymer processing technologies, and the expanding applications across industries like automotive, clothing, and electronics that require superior foam quality and surface finish.

As manufacturing industries increasingly seek efficient and high-performance foaming solutions, the focus shifts to the specialized chemical companies developing innovative capsule blowing agents. These advanced agents are revolutionizing product design by enabling the creation of lightweight, durable, and smooth-surfaced foamed materials. In this blog, we profile the Top 10 Companies in the Capsule Blowing Agent Market—a group of global chemical leaders and specialized manufacturers shaping the future of foam production.

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🔟 1. Kumyang Co., Ltd.

Headquarters: Seoul, South Korea
Key Offering: Microsphere-based capsule blowing agents (Various particle sizes: 14-20μm, 20-30μm, 26-36μm)

Kumyang is a leading global supplier of high-performance capsule blowing agents, specializing in heat-expandable microspheres. Their products are critical for creating uniform, closed-cell foams in a wide range of polymers, offering excellent surface quality and weight reduction benefits.

Innovation and Application Focus:

• Pioneering research in thermoplastic microsphere technology

• Strong presence in Asian and North American automotive and textile markets

• Customized solutions for specific polymer matrices and processing conditions

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

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9️⃣ 2. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Specialty chemical blowing agents, polymer additives

Dow brings its extensive polymer science expertise to the capsule blowing agent market, offering integrated solutions that combine blowing agents with complementary additives to optimize foam performance in demanding applications.

Innovation and Application Focus:

• Development of sustainable and low-VOC blowing agent solutions

• Strategic partnerships with automotive OEMs for lightweighting initiatives

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8️⃣ 3. DONGJIN SEMICHEM Co., Ltd.

Headquarters: Seoul, South Korea
Key Offering: Electronic-grade blowing agents, high-purity chemical agents

DONGJIN SEMICHEM specializes in high-purity chemicals for the electronics industry, with capsule blowing agents designed for applications requiring extreme precision and contamination control, such as semiconductor packaging and electronic components.

Innovation and Application Focus:

• Focus on ultra-clean blowing agents for electronics manufacturing

• R&D in thermally stable formulations for high-temperature processing

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7️⃣ 4. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: 3M™ Microspheres, specialty additive technologies

3M is a technology leader in microsphere-based solutions, offering a diverse portfolio of capsule blowing agents known for their consistency, reliability, and performance across multiple industries, from automotive to consumer goods.

Innovation and Application Focus:

• Proprietary microencapsulation technology platforms

• Global technical support and application development services

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

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6️⃣ 5. Sasol Limited

Headquarters: Johannesburg, South Korea
Key Offering: Specialty chemicals, hydrocarbon-based blowing agents

Sasol’s extensive chemical portfolio includes advanced blowing agent solutions derived from their integrated hydrocarbon value chain, providing cost-effective and efficient foaming options for various industrial applications.

Innovation and Application Focus:

• Integration of blowing agent production with upstream chemical operations

• Focus on emerging markets in Africa and Middle East regions

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5️⃣ 6. BAONENG Chemical Group

Headquarters: Shanghai, China
Key Offering: Cost-effective capsule blowing agents, domestic market solutions

BAONENG has emerged as a significant player in the Chinese market, offering competitively priced capsule blowing agents that cater to the massive domestic manufacturing sector while expanding its global footprint.

Innovation and Application Focus:

• Rapid scaling of production capacity to meet domestic demand

• Development of agents optimized for local manufacturing processes

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4️⃣ 7. AkzoNobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Sustainable blowing agents, eco-friendly polymer additives

AkzoNobel brings its strong sustainability focus to the capsule blowing agent market, developing solutions that reduce environmental impact while maintaining high performance standards in foam production.

Innovation and Application Focus:

• Emphasis on biodegradable and renewable source-based formulations

• Compliance with stringent European environmental regulations

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3️⃣ 8. Lanxess AG

Headquarters: Cologne, Germany
Key Offering: High-performance additives, engineered blowing agents

Lanxess specializes in high-value chemical solutions, with capsule blowing agents designed for demanding applications in the automotive and construction industries where performance and reliability are critical.

Innovation and Application Focus:

• Development of flame-retardant blowing agent systems

• Technical expertise in engineering plastic applications

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2️⃣ 9. Clariant AG

Headquarters: Muttenz, Switzerland
Key Offering: Specialty chemicals, customized blowing agent solutions

Clariant offers tailored capsule blowing agent solutions through their extensive additives portfolio, focusing on specific customer needs across different polymer systems and application requirements.

Innovation and Application Focus:

• Custom formulation development for niche applications

• Strong focus on regulatory compliance and product safety

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1️⃣ 10. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Advanced materials, specialty chemical formulations

Honeywell leverages its materials science expertise to develop high-performance capsule blowing agents for aerospace, automotive, and industrial applications where precision and reliability are paramount.

Innovation and Application Focus:

• Integration of blowing agents with other performance additives

• Focus on high-temperature and specialty polymer applications

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

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🧪 Outlook: The Future of Capsule Blowing Agents is Smarter and More Sustainable

The capsule blowing agent market is undergoing a significant transformation as industries demand more sophisticated foaming solutions. While traditional chemical blowing agents still have their place, the industry is rapidly adopting microencapsulated physical blowing agents that offer superior control, smoother surfaces, and environmental benefits.

📈 Key Trends Shaping the Market:

• Growing adoption in automotive lightweighting for improved fuel efficiency

• Increasing demand from electronics sector for precision foaming in components

• Shift toward environmentally friendly and low-VOC formulations

• Development of multifunctional blowing agents with additional properties

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

The companies profiled above are not just supplying chemicals—they’re enabling innovation across multiple industries by providing the essential tools for creating advanced foamed materials that meet today’s performance and sustainability requirements.