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China Blowing Agents Market Assessment 2017: Stable Growth in China's Blowing Agent Market in 2016

The study finds that the market has slowly recovered from past years of lackluster performance. In 2016, the China market for blowing agent is valued at RMB 6.3 Bn and around 400,000 tons of blowing agents are sold. The domestic market is expected to maintain stable growth rates through to 2021. Because of the Montreal Protocol, China will be reducing its HCFC production and consumption to 35% of baseline level in 2020. This will mean that many downstream users in the building materials market especially those making PU and XPS foams will have to switch to other blowing agents by then. This change is by no means a small one, as HCFC is still the second largest segment in 2016. With the phase out of HCFC, there will be more users switching to hydrocarbon (HC), HFC and HFO blowing agents. Through a comprehensive study of the market, this report will identify the possible opportunities available for existing and potential players looking to capitalize on this development.