BLOWING AGENTS MARKET ANALYSIS

Rising infrastructure development in Asia Pacific is expected to increase market penetration

Blowing agents are widely used across a number of application in the construction industry including acoustics, heat & electric insulation, and shock absorbers. Furthermore, rising infrastructure development in Asia Pacific coupled with supportive government initiatives, in emerging economies such as India, is fueling growth of the market. For instance, in 2016, the Indian government announced plans to invest US$ 376.53 billion to improve the infrastructure, roads, transport facility, and shipping over of the following three years. Encouraging foreign direct investment (FDI) in the region is likely to propel the construction industry in the region, which in turn is expected to increase demand for blowing agents in the near future.