The global foam blowing agents market is poised for notable expansion, driven by the surging demand for energy-efficient and eco-friendly materials across multiple industries. Valued at USD 1.52 billion in 2024, the market is projected to attain USD 2.13 billion by 2033, with a CAGR of 3.8% during the forecast period. This growth is primarily supported by the increasing use of polyurethane and polystyrene foams in insulation, packaging, and refrigeration applications. Additionally, the development of low-global-warming-potential (GWP) and environmentally friendly blowing agents, alongside strict regulatory standards, is accelerating the adoption of sustainable solutions.
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