The Global Capsule Blowing Agent Market was valued at USD 185.2 Million in 2025 and is projected to reach USD 273.8 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period (2024–2030). This expansion is being driven by escalating demand for lightweight materials across the automotive, electronics, and textiles sectors, coupled with the superior foaming performance and smoother surface finishes offered by capsule blowing agents compared to conventional chemical foaming agents.

As industries worldwide push for higher-performance, lighter, and more sustainable materials, the focus intensifies on the specialty chemical producers at the forefront of foaming technology. In this blog, we profile the Top 10 Companies in the Capsule Blowing Agent Industry—a collection of chemical giants and specialized innovators defining the future of microcapsule foaming solutions.

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🔟 1. Kumyang Co., Ltd.

Headquarters: Seoul, South Korea
Key Offering: Microsphere-based capsule blowing agents, various particle size distributions

Kumyang is a leading global supplier of capsule blowing agents, specializing in heat-expandable microspheres. Their products are critical for creating lightweight, insulating, and sound-dampening foams in applications ranging from automotive interiors to construction materials.

Innovation & Market Focus:

• Pioneering advanced particle size technologies (20-30 µm, 26-36 µm)

• Strong R&D focus on high-expansion ratio microspheres

• Strategic partnerships with major automotive and consumer goods manufacturers

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Capsule Blowing Agent Market – View in Detailed Research Report

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9️⃣ 2. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: VERSIFY™ plastomers & elastomers, specialty chemical foaming agents

Dow’s extensive polymer and materials science expertise extends into advanced foaming technologies. Their comprehensive portfolio supports the development of high-performance foamed materials with precise density control and improved mechanical properties.

Innovation & Market Focus:

• Integration of capsule blowing agents with proprietary polymer systems

• Sustainability-driven development of bio-based and recyclable foam solutions

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8️⃣ 3. DONGJIN SEMICHEM Co., Ltd.

Headquarters: Seoul, South Korea
Key Offering: Specialty chemical foaming agents, electronic chemicals

DONGJIN SEMICHEM is a key player in the Asian chemical market, providing high-purity capsule blowing agents tailored for the electronics and automotive industries. Their technical expertise ensures consistent performance in demanding applications.

Innovation & Market Focus:

• Focus on ultra-pure formulations for electronics applications

• Expanding production capacity to meet growing regional demand

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7️⃣ 4. 3M Company

Headquarters: Maplewood, Minnesota, USA
Key Offering: 3M™ Glass Bubbles, specialty additives

3M brings its renowned materials science capabilities to the capsule blowing agent market through innovative hollow glass microspheres and advanced foaming technologies. Their products enable significant weight reduction while maintaining structural integrity.

Innovation & Market Focus:

• Development of high-strength, low-density microspheres

• Applications in aerospace, marine, and automotive lightweighting

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

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6️⃣ 5. Sasol Limited

Headquarters: Johannesburg, South Africa
Key Offering: Specialty chemicals, performance additives

Sasol’s integrated chemical operations include advanced blowing agent technologies that serve global markets. Their focus on sustainable chemistry aligns with industry trends toward environmentally friendly foaming solutions.

Innovation & Market Focus:

• Development of low-global-warming-potential blowing agents

• Expansion into emerging markets with growing manufacturing sectors

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5️⃣ 6. BAONENG Chemical Group

Headquarters: Shanghai, China
Key Offering: Comprehensive range of chemical foaming agents

BAONENG has established itself as a significant manufacturer in the Asian chemical market, producing a wide array of blowing agents that cater to both domestic and international customers across multiple industries.

Innovation & Market Focus:

• Cost-effective production leveraging scale advantages

• Growing focus on technical service and application development

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4️⃣ 7. AkzoNobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Specialty chemicals, polymer additives

AkzoNobel’s expansive chemical portfolio includes advanced foaming solutions that serve the global coatings, construction, and consumer goods markets. Their technical expertise supports innovative applications across diverse sectors.

Innovation & Market Focus:

• Sustainable chemistry initiatives and circular economy focus

• Development of customized solutions for specific customer applications

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3️⃣ 8. Huber Engineered Materials

Headquarters: Atlanta, Georgia, USA
Key Offering: Specialty minerals, performance additives

A subsidiary of J.M. Huber Corporation, this division provides engineered materials that include advanced foaming technologies for plastics, rubber, and other polymer systems requiring precise density control.

Innovation & Market Focus:

• Focus on mineral-based and hybrid foaming technologies

• Applications in building materials and industrial plastics

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2️⃣ 9. Lanxess AG

Headquarters: Cologne, Germany
Key Offering: Specialty chemicals, polymer additives

Lanxess brings German engineering precision to the capsule blowing agent market, offering high-performance solutions for automotive, electrical, and industrial applications where reliability and consistency are paramount.

Innovation & Market Focus:

• Development of high-temperature stable blowing agents

• Focus on automotive lightweighting and electrical insulation applications

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1️⃣ 10. Otsuka Chemical Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Fine chemicals, pharmaceutical intermediates, foaming agents

Otsuka Chemical combines precision chemical manufacturing with innovative application development, producing capsule blowing agents that meet the stringent requirements of Japanese and international quality standards.

Innovation & Market Focus:

• High-purity formulations for electronics and medical applications

• Collaborative development with customers for customized solutions

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 experiencing a significant transformation. While traditional chemical foaming agents still hold market share, the industry is increasingly adopting microencapsulated physical blowing agents that offer superior control, smoother surfaces, and enhanced performance characteristics.

📈 Key Trends Shaping the Market:

• Rising demand for lightweight materials in automotive and aerospace sectors

• Increasing adoption in electronics for thermal and electrical insulation

• Development of environmentally friendly and low-VOC formulations

• Growing application in textile and printing industries for specialty effects

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

The companies listed above are not only supplying essential chemical ingredients—they’re driving the innovation engine behind lighter, stronger, and more sustainable materials across global industries.