Market overview
The global low GWP foam blowing agents market is worth USD 1.3 bn in 2026 and is forecast to reach USD 2.5 bn by 2036, growing at a 7.0% CAGR. United States is the largest country market and Hydrocarbons (pentanes) is the largest by agent segment.
| Scope | Blowing agents with low global warming potential used to expand rigid polyurethane, polyisocyanurate and polystyrene foams: pentanes, HFO and HCFO fluids, methyl formate and CO2-based systems. |
|---|---|
| Industry | Chemicals and Materials |
| Value 2025 | USD 1.2 bn |
| Value 2026 | USD 1.3 bn |
| Value 2036 | USD 2.5 bn |
| CAGR 2026-2036 | 7.0% |
| Volume 2026 | 331,700 tonnes |
| Volume 2036 | 652,504 tonnes |
| Average price 2026 | USD 3,871 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Low GWP Foam Blowing Agents market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 1.3 bn |
| 2027 | USD 1.4 bn |
| 2028 | USD 1.5 bn |
| 2029 | USD 1.6 bn |
| 2030 | USD 1.7 bn |
| 2031 | USD 1.8 bn |
| 2032 | USD 1.9 bn |
| 2033 | USD 2.1 bn |
| 2034 | USD 2.2 bn |
| 2035 | USD 2.4 bn |
| 2036 | USD 2.5 bn |
Low GWP Foam Blowing Agents market segmentation
By agent
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Hydrocarbons (pentanes) | 52.0% | 39.9% | USD 668 mn | 4.2% |
| HFOs and HCFOs | 34.0% | 47.7% | USD 437 mn | 10.7% |
| Methyl formate, CO2 and other | 14.0% | 12.4% | USD 180 mn | 5.7% |
By foam
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Rigid polyurethane panels and appliances | 42.0% | 38.6% | USD 539 mn | 6.1% |
| Spray foam | 22.0% | 24.4% | USD 282 mn | 8.1% |
| Extruded polystyrene | 20.0% | 19.3% | USD 257 mn | 6.6% |
| Other foams | 16.0% | 17.7% | USD 205 mn | 8.1% |
By end-use sector
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Building insulation | 52.0% | 50.0% | USD 668 mn | 6.6% |
| Refrigeration and appliances | 26.0% | 25.0% | USD 334 mn | 6.6% |
| Transport and cold chain | 12.0% | 14.0% | USD 154 mn | 8.7% |
| Industrial and other | 10.0% | 11.0% | USD 128 mn | 8.0% |
By supply form
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Neat blowing agent | 46.0% | 42.0% | USD 591 mn | 6.0% |
| Pre-blended polyol systems | 42.0% | 46.0% | USD 539 mn | 8.0% |
| Custom blends | 12.0% | 12.0% | USD 154 mn | 7.0% |
By customer type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Foam system houses | 38.0% | 38.0% | USD 488 mn | 7.0% |
| Direct foam manufacturers | 40.0% | 38.0% | USD 514 mn | 6.5% |
| Appliance and panel OEMs | 22.0% | 24.0% | USD 282 mn | 7.9% |
Top 25 countries for low GWP foam blowing agents by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 79.0% of 2026 revenue and the 25 countries below together hold 95.0%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | United States | USD 308 mn | 24.0% | USD 611 mn | 7.1% |
| 2 | China | USD 257 mn | 20.0% | USD 510 mn | 7.1% |
| 3 | Germany | USD 90 mn | 7.0% | USD 162 mn | 6.0% |
| 4 | Japan | USD 64 mn | 5.0% | USD 106 mn | 5.2% |
| 5 | India | USD 64 mn | 5.0% | USD 169 mn | 10.2% |
| 6 | Italy | USD 51 mn | 4.0% | USD 93 mn | 6.2% |
| 7 | France | USD 51 mn | 4.0% | USD 93 mn | 6.2% |
| 8 | United Kingdom | USD 51 mn | 4.0% | USD 93 mn | 6.2% |
| 9 | South Korea | USD 39 mn | 3.0% | USD 71 mn | 6.3% |
| 10 | Turkey | USD 39 mn | 3.0% | USD 83 mn | 8.0% |
| 11 | Canada | USD 25 mn | 1.9% | USD 46 mn | 6.5% |
| 12 | Mexico | USD 21 mn | 1.6% | USD 46 mn | 8.1% |
| 13 | Brazil | USD 19 mn | 1.5% | USD 42 mn | 8.0% |
| 14 | Spain | USD 18 mn | 1.4% | USD 33 mn | 6.5% |
| 15 | Netherlands | USD 16 mn | 1.2% | USD 30 mn | 6.5% |
| 16 | Poland | USD 15 mn | 1.2% | USD 33 mn | 8.1% |
| 17 | Australia | USD 14 mn | 1.1% | USD 27 mn | 6.5% |
| 18 | Saudi Arabia | USD 13 mn | 1.0% | USD 29 mn | 8.1% |
| 19 | Russia | USD 12 mn | 1.0% | USD 23 mn | 6.5% |
| 20 | Belgium | USD 11 mn | 0.8% | USD 20 mn | 6.5% |
| 21 | Thailand | USD 9.8 mn | 0.8% | USD 21 mn | 8.0% |
| 22 | Indonesia | USD 8.9 mn | 0.7% | USD 19 mn | 8.0% |
| 23 | Switzerland | USD 8.0 mn | 0.6% | USD 15 mn | 6.5% |
| 24 | Sweden | USD 7.1 mn | 0.6% | USD 13 mn | 6.6% |
| 25 | Vietnam | USD 7.1 mn | 0.6% | USD 15 mn | 8.1% |
| Rest of world | USD 65 mn | 5.0% | USD 120 mn | 6.4% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Solstice Advanced Materials
- Chemours
- Arkema
- ExxonMobil Chemical
Group 2: Regional and specialist players
- Daikin
- Orbia
- Haltermann Carless
- Chevron Phillips Chemical
- AGC Inc
- SRF Limited
- Gujarat Fluorochemicals
- Shandong Dongyue
Group 3: Emerging and niche players
- Harp International
- Sinochem Lantian
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the low GWP foam blowing agents market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 7.0% is calculated from the resulting values.
The market is divided by agent, by foam, by end-use sector, by supply form, by customer type. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the low GWP foam blowing agents market?
The global low GWP foam blowing agents market is estimated at USD 1.2 bn in 2025 and USD 1.3 bn in 2026.
How fast will the low GWP foam blowing agents market grow?
It is forecast to reach USD 2.5 bn by 2036, a compound annual growth rate of 7.0% from 2026, an increase of USD 1.2 bn.
Which country is the largest market for low GWP foam blowing agents?
United States is the largest market by revenue at USD 308 mn in 2026, 24.0% of the global total. The three largest countries together hold 51.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 10.2% a year from 2026 to 2036.
Which low GWP foam blowing agents segment is largest?
In the by agent split, Hydrocarbons (pentanes) is the largest segment with 52.0% of 2026 revenue.
Who are the leading low GWP foam blowing agents companies?
Global leaders include Solstice Advanced Materials, Chemours, Arkema, ExxonMobil Chemical.
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