发泡市场 - 全球产业规模、份额、趋势、机会及预测（按产品类型、泡沫类型、应用、地区和竞争格局划分，2021-2031年）

全球发泡市场预计将从 2025 年的 46.7 亿美元成长到 2031 年的 63.7 亿美元，复合年增长率为 5.31%。

这些化学添加剂对于生产多孔塑胶和发泡体至关重要，因为它们能够透过气体释放形成结构基质。该市场的成长主要受以下因素驱动：建筑业对隔热性能的严格节能法规要求，以及汽车业对轻质材料以提高燃油效率的需求。预计这些因素将持续推动对聚合物发泡体及其相关添加剂的需求。根据美国化学理事会 (ACC) 2025 年发布的数据，预计 2024 财年美国主要塑胶树脂的产量将达到 1,022 亿磅，比上一财年增加 5.7%。

然而，由于氢氟碳化合物（HFCs）具有极高的全球暖化潜势值，全球监管机构正在逐步淘汰HFCs，这为市场扩张带来了重大障碍。这项变化迫使人们采用氢氟烯烃（HFOs）和天然化合物等替代品，但这些替代品往往面临原材料成本更高、易燃性风险等挑战。製造商面临着既要满足监管标准又要保持成本效益的复杂挑战，这可能会减缓价格敏感型地区的成长，因为在这些地区，采用低排放解决方案会带来沉重的经济负担。

市场驱动因素

在全球努力降低能源消耗和碳排放的推动下，对节能建筑隔热材料的需求日益增长，这成为发泡市场的主要驱动力。随着各国政府收紧建筑规范和能源效率标准，建设产业被迫使用高性能隔热材料，例如聚氨酯和聚异氰酸酯酸酯泡沫。这些发泡塑胶依靠发泡来实现现代基础设施所需的低导热性和结构完整性。这种需求的激增也体现在主要供应商的业绩上。例如，科思创在2025年2月发布的2024年度报告中指出，其高性能材料部门（供应硬质发泡隔热材料组件）在2024财年的销售量成长了11.9%。

同时，低温运输物流和冷冻技术的扩张正推动市场显着成长。生鲜食品和药品国际贸易的成长需要广泛的温控供应链，从而带动了冷藏仓库和运输货柜对硬质发泡隔热材料的需求。不断扩大的基础设施为提供这些关键添加剂的发泡製造商带来了稳定的收入来源。根据全球冷链联盟2025年4月的数据，该组织「2025年全球25强」榜单上的企业将营运81.6亿立方英尺的温控产能，比2024年增长超过10%。这与更广泛的趋势相符，欧洲塑胶协会在2025年10月发布的报告显示，2024年全球塑胶产量将成长4.1%，凸显了这些应用领域强劲的製造环境。

市场挑战

强制淘汰氟化烃（HFCs）对全球发泡市场构成重大阻碍因素，造成显着的经济和营运障碍。为符合环境法规标准，製造商被迫以氢氟烯烃（HFOs）和天然发泡取代现有化学品。虽然这些替代品的全球暖化潜势较低，但通常会导致原材料成本大幅增加，并带来易燃性等技术风险。因此，需要大量资本投资来维修生产设施，以确保安全操作，这直接影响利润率，并为供应链营运带来摩擦。

这些财务和技术负担正在减缓市场接受度，因为下游产业难以负担价格上涨，尤其是在成本敏感地区。近期产业数据显示，这些经济压力对整个材料产业的影响显而易见。例如，欧洲塑胶协会报告称，2024年欧洲塑胶总产量将年减8.3%，主要原因是原物料成本高企和监管日益复杂。母体产业的萎缩表明，监管变化和营运成本上升可能会抑制工业生产，从而限制对发泡隔热材料材料及其生产所需发泡的需求。

市场趋势

全球发泡市场正经历显着的结构性变革，氢氟烯烃（HFO）技术的转型正在加速，尤其是在喷涂泡沫和冷冻领域。随着国际法规严格限制高全球暖化潜势（GWP）传统化学品的使用，製造商正迅速将第四代氟化化合物商业化，这些化合物既符合环保法规，又不会影响隔热性能。领先的氟化学品创新企业受益于监管政策的转变，其强劲的财务业绩充分体现了这一积极的替代趋势。例如，科慕公司（The Chemours Company）在2025年2月报告称，其热感及特种解决方案部门的Opteon™产品线在2024年的销售额同比增长了14%，这表明低GWP发泡正在被工业界广泛采用。

同时，天然和碳氢化合物发泡的使用也不断增长。与含氟产品相比，它们的成本优势在硬质板材和发泡聚苯乙烯（EPS）领域尤为显着。儘管易燃性风险仍然存在，但现代製造中先进的技术控制提高了戊烷等发泡的接受度，市场领导领导者加强其在价格敏感的建筑市场中非氟化化学品领域的地位。这种碳氢化合物基产品系列整合的趋势也反映在旨在确保现有保温隔热材料产能的策略性收购中。正如2025年2月的新闻稿中所宣布的，卡莱尔公司（Carlisle Companies Incorporated）收购了领先的EPS隔热材料製造商Plastifab，以扩展其在建筑围护结构领域的业务能力。此次扩张凸显了该产业对碳氢化合物基发泡技术的持续依赖。

目录

第一章概述

第二章调查方法

第三章执行摘要

第四章：客户评价

第五章 全球发泡市场展望

• 市场规模及预测
  • 按金额
• 市占率及预测
  • 依产品类型（氟烃塑胶(HCFC)、氢氟烃 (HFC)、碳氢化合物 (HC)、氢氟烯烃 (HFO)、其他产品类型）
  • 按泡沫类型（聚氨酯泡棉、聚苯乙烯泡沫、酚醛发泡、聚丙烯泡沫、聚乙烯泡沫、其他泡沫类型）
  • 依应用领域（建筑和施工、汽车、寝具和家具、家用电器、包装、其他应用）
  • 按地区
  • 按公司（2025 年）
• 市场地图

第六章 北美发泡市场展望

• 市场规模及预测
• 市占率及预测
• 北美洲：国家分析
  • 我们
  • 加拿大
  • 墨西哥

第七章 欧洲发泡市场展望

• 市场规模及预测
• 市占率及预测
• 欧洲：国家分析
  • 德国
  • 法国
  • 英国
  • 义大利
  • 西班牙

8. 亚太地区发泡市场展望

• 市场规模及预测
• 市占率及预测
• 亚太地区：国家分析
  • 中国
  • 印度
  • 日本
  • 韩国
  • 澳洲

第九章 中东和非洲发泡市场展望

• 市场规模及预测
• 市占率及预测
• 中东和非洲：国家分析
  • 沙乌地阿拉伯
  • 阿拉伯聯合大公国
  • 南非

第十章：南美洲发泡市场展望

• 市场规模及预测
• 市占率及预测
• 南美洲：国家分析
  • 巴西
  • 哥伦比亚
  • 阿根廷

第十一章 市场动态

• 司机
• 任务

第十二章 市场趋势与发展

• 併购
• 产品发布
• 最新进展

第十三章 全球发泡市场：SWOT分析

第十四章：波特五力分析

• 产业竞争
• 新进入者的可能性
• 供应商电力
• 顾客权力
• 替代品的威胁

第十五章 竞争格局

• A-Gas Us Inc
• Sinochem Holdings Corporation Ltd.
• Arkema Group
• HCS Group GmbH
• Harp International Ltd
• Honeywell International, Inc.
• Lanxess AG
• Solvay SA
• Nouryon Chemicals Holding BV
• Huntsman International LLC

第十六章 策略建议

第十七章：关于研究公司及免责声明

The Global Blowing Agents Market is projected to expand from USD 4.67 Billion in 2025 to USD 6.37 Billion by 2031, registering a CAGR of 5.31%. These chemical additives are essential in the production of cellular plastics and foams, enabling the formation of a structural matrix via gas release. The market is primarily underpinned by strict energy efficiency regulations that demand enhanced thermal insulation in the construction sector, as well as the automotive industry's need for lightweight materials to boost fuel economy. These drivers ensure continued demand for polymeric foams and their associated additives. As noted by the American Chemistry Council in 2025, U.S. production of major plastic resins totaled 102.2 billion pounds for the 2024 fiscal year, marking a 5.7 percent increase from the previous period.

However, the global regulatory phase-out of hydrofluorocarbons (HFCs), due to their high global warming potential, presents a significant hurdle to market expansion. This shift necessitates the adoption of alternatives like hydrofluoroolefins (HFOs) or natural agents, which often introduce challenges related to higher raw material costs or flammability risks. Manufacturers face the complex task of meeting these compliance standards while attempting to preserve cost-efficiency, a situation that may retard growth in price-sensitive regions where implementing low-emission solutions creates a significant economic burden.

Market Driver

Rising demand for energy-efficient building insulation acts as a primary catalyst for the blowing agents market, spurred by global initiatives to reduce energy consumption and carbon emissions. As governments enforce tighter building codes and energy performance standards, the construction industry is compelled to utilize high-performance thermal insulation materials, such as polyurethane and polyisocyanurate foams. These cellular plastics rely on blowing agents to achieve the low thermal conductivity and structural integrity required for modern infrastructure. This volume surge is reflected in the performance of major suppliers; for instance, Covestro reported in February 2025 within its 'Annual Report 2024' that sales volume in its Performance Materials segment-which supplies rigid foam insulation components-grew by 11.9 percent in the 2024 fiscal year.

Concurrently, the expansion of cold chain logistics and refrigeration sectors is significantly propelling market growth. The increasing international trade of perishable foods and pharmaceuticals demands extensive temperature-controlled supply chains, boosting the need for rigid foam insulation in refrigerated warehouses and transport containers. This infrastructure growth generates consistent revenue for blowing agent manufacturers providing these critical additives. Data from the Global Cold Chain Alliance in April 2025 indicates that its '2025 Global Top 25 List' members operate 8.16 billion cubic feet of temperature-controlled capacity, a rise of over 10 percent since 2024. This aligns with broader trends, as Plastics Europe noted in October 2025 that global plastics production rose by 4.1 percent in 2024, highlighting the strong manufacturing environment for these applications.

Market Challenge

The mandated phase-out of hydrofluorocarbons acts as a primary constraint on the global blowing agents market, imposing substantial economic and operational barriers. Manufacturers are forced to replace established chemicals with hydrofluoroolefins or natural agents to adhere to environmental compliance standards. Although these alternatives offer lower global warming potential, they frequently involve significantly higher raw material costs and introduce technical risks, such as increased flammability. Consequently, producers must incur elevated capital expenditures to modify manufacturing infrastructure for safe handling, which directly erodes profit margins and introduces friction into supply chain operations.

These financial and technical burdens slow market adoption, particularly in cost-sensitive regions where downstream industries cannot easily absorb price increases. The impact of these economic pressures on the wider materials sector is reflected in recent industrial data. For example, Plastics Europe reported that total plastics production in Europe fell by 8.3 percent in 2024 compared to the prior year, largely due to high input costs and regulatory complexities. This contraction in the parent industry demonstrates how regulatory shifts and rising operational costs can suppress industrial output, thereby limiting the volume of blowing agents required for foam insulation and manufacturing.

Market Trends

The Global Blowing Agents Market is undergoing a significant structural shift characterized by the accelerated transition to Hydrofluoroolefin (HFO) technologies, particularly in the spray foam and refrigeration sectors. With international regulations severely limiting high-global warming potential (GWP) legacy chemicals, manufacturers are swiftly commercializing fourth-generation fluorinated solutions that provide compliant environmental profiles without sacrificing thermal performance. This aggressive substitution trend is highlighted by the strong financial results of leading fluorochemical innovators benefiting from the regulatory turnover. For instance, The Chemours Company reported in February 2025 that its Thermal & Specialized Solutions segment saw a 14 percent year-over-year sales increase for its Opteon(TM) portfolio in 2024, signaling widespread industrial adoption of low-GWP blowing agents.

Simultaneously, the use of natural and hydrocarbon blowing agents is rising, notably within the rigid boardstock and expanded polystyrene (EPS) segments, due to their cost advantages over fluorinated options. Despite flammability risks, advanced engineering controls in modern manufacturing have fostered greater acceptance of agents such as pentane, prompting market leaders to strengthen their positions in non-fluorinated chemistries for price-sensitive construction markets. This trend toward consolidating hydrocarbon-based portfolios is evident in strategic acquisitions aimed at securing capacity in established insulation categories. As stated in a February 2025 press release, Carlisle Companies Incorporated expanded its building envelope capabilities by acquiring Plasti-Fab, a major EPS insulation manufacturer, reinforcing the industry's continued reliance on hydrocarbon-blown foam technologies.

Key Market Players

• A-Gas Us Inc
• Sinochem Holdings Corporation Ltd.
• Arkema Group
• HCS Group GmbH
• Harp International Ltd
• Honeywell International, Inc.
• Lanxess AG
• Solvay SA
• Nouryon Chemicals Holding B.V.
• Huntsman International LLC

Report Scope

In this report, the Global Blowing Agents Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Blowing Agents Market, By Product Type

• Hydrochlorofluorocarbons (HCFCs)
• Hydrofluorocarbons (HFCs)
• Hydrocarbons (HCs)
• Hydrofluoroolefin (HFO)
• Other Product Types

Blowing Agents Market, By Foam Type

• Polyurethane Foam
• Polystyrene Foam
• Phenolic Foam
• Polypropylene Foam
• Polyethylene Foam
• Other Foam Types

Blowing Agents Market, By Application

• Building and Construction
• Automotive
• Bedding and Furniture
• Appliances
• Packaging
• Other Applications

Blowing Agents Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Blowing Agents Market.

Available Customizations:

Global Blowing Agents Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Blowing Agents Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Product Type (Hydrochlorofluorocarbons (HCFCs), Hydrofluorocarbons (HFCs), Hydrocarbons (HCs), Hydrofluoroolefin (HFO), Other Product Types)
  • 5.2.2. By Foam Type (Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polypropylene Foam, Polyethylene Foam, Other Foam Types)
  • 5.2.3. By Application (Building and Construction, Automotive, Bedding and Furniture, Appliances, Packaging, Other Applications)
  • 5.2.4. By Region
  • 5.2.5. By Company (2025)
• 5.3. Market Map

6. North America Blowing Agents Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Product Type
  • 6.2.2. By Foam Type
  • 6.2.3. By Application
  • 6.2.4. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Blowing Agents Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Product Type
      • 6.3.1.2.2. By Foam Type
      • 6.3.1.2.3. By Application
  • 6.3.2. Canada Blowing Agents Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Product Type
      • 6.3.2.2.2. By Foam Type
      • 6.3.2.2.3. By Application
  • 6.3.3. Mexico Blowing Agents Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Product Type
      • 6.3.3.2.2. By Foam Type
      • 6.3.3.2.3. By Application

7. Europe Blowing Agents Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Product Type
  • 7.2.2. By Foam Type
  • 7.2.3. By Application
  • 7.2.4. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Blowing Agents Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Product Type
      • 7.3.1.2.2. By Foam Type
      • 7.3.1.2.3. By Application
  • 7.3.2. France Blowing Agents Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Product Type
      • 7.3.2.2.2. By Foam Type
      • 7.3.2.2.3. By Application
  • 7.3.3. United Kingdom Blowing Agents Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Product Type
      • 7.3.3.2.2. By Foam Type
      • 7.3.3.2.3. By Application
  • 7.3.4. Italy Blowing Agents Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Product Type
      • 7.3.4.2.2. By Foam Type
      • 7.3.4.2.3. By Application
  • 7.3.5. Spain Blowing Agents Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Product Type
      • 7.3.5.2.2. By Foam Type
      • 7.3.5.2.3. By Application

8. Asia Pacific Blowing Agents Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Product Type
  • 8.2.2. By Foam Type
  • 8.2.3. By Application
  • 8.2.4. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Blowing Agents Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Product Type
      • 8.3.1.2.2. By Foam Type
      • 8.3.1.2.3. By Application
  • 8.3.2. India Blowing Agents Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Product Type
      • 8.3.2.2.2. By Foam Type
      • 8.3.2.2.3. By Application
  • 8.3.3. Japan Blowing Agents Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Product Type
      • 8.3.3.2.2. By Foam Type
      • 8.3.3.2.3. By Application
  • 8.3.4. South Korea Blowing Agents Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Product Type
      • 8.3.4.2.2. By Foam Type
      • 8.3.4.2.3. By Application
  • 8.3.5. Australia Blowing Agents Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Product Type
      • 8.3.5.2.2. By Foam Type
      • 8.3.5.2.3. By Application

9. Middle East & Africa Blowing Agents Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Product Type
  • 9.2.2. By Foam Type
  • 9.2.3. By Application
  • 9.2.4. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Blowing Agents Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Product Type
      • 9.3.1.2.2. By Foam Type
      • 9.3.1.2.3. By Application
  • 9.3.2. UAE Blowing Agents Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Product Type
      • 9.3.2.2.2. By Foam Type
      • 9.3.2.2.3. By Application
  • 9.3.3. South Africa Blowing Agents Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Product Type
      • 9.3.3.2.2. By Foam Type
      • 9.3.3.2.3. By Application

10. South America Blowing Agents Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Product Type
  • 10.2.2. By Foam Type
  • 10.2.3. By Application
  • 10.2.4. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Blowing Agents Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Product Type
      • 10.3.1.2.2. By Foam Type
      • 10.3.1.2.3. By Application
  • 10.3.2. Colombia Blowing Agents Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Product Type
      • 10.3.2.2.2. By Foam Type
      • 10.3.2.2.3. By Application
  • 10.3.3. Argentina Blowing Agents Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Product Type
      • 10.3.3.2.2. By Foam Type
      • 10.3.3.2.3. By Application

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Blowing Agents Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. A-Gas Us Inc
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Sinochem Holdings Corporation Ltd.
• 15.3. Arkema Group
• 15.4. HCS Group GmbH
• 15.5. Harp International Ltd
• 15.6. Honeywell International, Inc.
• 15.7. Lanxess AG
• 15.8. Solvay SA
• 15.9. Nouryon Chemicals Holding B.V.
• 15.10. Huntsman International LLC

16. Strategic Recommendations

17. About Us & Disclaimer