The latest report by IMARC Group, titled “Azodicarbonamide Market Report by Type (Industrial Quality, Food Quality), Application (Blowing Agent, Plastic Additive, Food Additive, Flour Bleaching Agent, Improving Agent), End User (Plastic and Rubber, Food and Beverage, Leather and Textile, and Others), and Region 2024-2032“, The global azodicarbonamide market size reached US$ 1.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.04% during 2024-2032.
Azodicarbonamide is a versatile chemical compound commonly used as a blowing agent in the production of foamed plastics. These plastics find their way into various products like insulation materials, gaskets, and lightweight footwear. By aiding polymers in expanding into foam-like substances, this compound makes them more pliable and easier to mold. In addition to its industrial applications, azodicarbonamide also finds use in the food industry as a dough conditioner and bleaching agent. However, due to health concerns, some countries have imposed regulations or restrictions on its food-related usage. Despite this limitation, azodicarbonamide remains highly valued for its adaptability across different industries such as plastic and rubber manufacturing, highlighting its significance in various industrial processes.
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Azodicarbonamide Market Trends and Drivers:
The increasing need for lightweight materials in the automotive industry to enhance fuel efficiency and lower emissions is a key driver of the global azodicarbonamide market. Its crucial role in producing lightweight foamed plastics further boosts market growth in this sector. Additionally, the construction industry’s rising demand for energy-efficient insulation materials, which often rely on azodicarbonamide as a blowing agent, contributes to market expansion. Favorable regulatory changes and continuous product innovations, including the development of eco-friendly alternatives, are also fueling market growth. Moreover, the growing emphasis on sustainability is driving the introduction of bio-based and low VOC-emitting azodicarbonamide variations, expanding its appeal and stimulating market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Industrial Quality
- Food Quality
Breakup by Application:
- Blowing Agent
- Plastic Additive
- Food Additive
- Flour Bleaching Agent
- Improving Agent
Breakup by End User:
- Plastic and Rubber
- Food and Beverage
- Leather and Textile
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Abtonsmart Chemicals (Group)Co. Ltd.
- Ajanta Group of Industries
- Guangzhou Jiangyan Chemical Co. Ltd
- Haihang Industry Co. Ltd
- JingJiang Hangsun Plastic Additives Co. Ltd
- Khadgawats Group
- Kumyang Co. Ltd.
- Lanxess AG
- Nikunj Chemicals
- Otsuka Chemical Co. Ltd
- SPL Group
- Weifang Yaxing Chemical Co. Ltd.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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