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Azodicarbonamide Market Trends 2023-2030

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Global Azodicarbonamide Market was valued at US $ 3.1 Billion in 2022 and is expected to reach US $ 4.7 Billion by 2030 growing at a CAGR of 5.2% during the forecast period 2023 – 2030.

The Azodicarbonamide market is experiencing a significant surge in demand due to its versatile applications in various industries. Manufacturers are incorporating this chemical compound to enhance the performance of their products, especially in the production of foamed plastics. Azodicarbonamide plays a crucial role as a blowing agent, facilitating the expansion of materials during manufacturing processes.

Industries such as packaging, automotive, and construction are actively embracing the benefits of Azodicarbonamide to improve the quality and efficiency of their final products. Its ability to provide lightweight and durable characteristics makes it a preferred choice in the development of insulation materials and automotive components. This has led to a noticeable growth in market share, with companies recognizing the value of incorporating Azodicarbonamide into their production processes.

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One key driver behind the rising demand for Azodicarbonamide is its application in the food industry. The compound is approved as a food additive, particularly as a flour bleaching agent. This has led to a substantial increase in its usage in the baking industry, where it contributes to the whitening of flour and improves the overall quality of baked goods. As consumers seek high-quality and visually appealing food products, the demand for Azodicarbonamide in the food industry is expected to witness sustained growth.

Furthermore, the automotive sector has emerged as a significant consumer of Azodicarbonamide, primarily due to its role in enhancing the properties of automotive components. The compound is utilized in the production of automotive interior components, contributing to the lightweighting of vehicles and improving fuel efficiency. As the automotive industry continues to focus on sustainability and eco-friendly practices, the adoption of Azodicarbonamide as a key ingredient in manufacturing processes is anticipated to rise.

 

Global Azodicarbonamide Market Segmentation

Azodicarbonamide by Type: Market Size & Forecast 2023-2030

  • Industrial Grade
  • Food Grade

Azodicarbonamide by End use industry: Market Size & Forecast 2023-2030

  • Plastic and Rubber Industry
  • Food and Beverage Industry
  • Leather and Textile Industry
  • Other End-user Industries

Azodicarbonamide by Geography: Market Size & Forecast 2023-2030

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

MAJOR PLAYERS:

  • Abtonsmart Chemicals (Group) Co. Ltd
  • Ajanta Group, Haihang Industry Co. Ltd
  • Jiangsu SOPO (Group) Co. Ltd
  • Jiangxi Selon Industrial Co. Ltd
  • JingJiang Hangsun Plastic Additives Co. Ltd
  • Khadgawats Group
  • Kum Yang Co. Ltd
  • LANXESS
  • Nikunj Chemical Limited
  • Otsuka Chemical Co. Ltd
  • SPL Group
  • Sri Dwarikadheesh Polymers Pvt. Ltd
  • Sundow Polymers Co. Ltd
  • Weifang Yaxing Chemical Co., Ltd
  • Kum Yang Co., Ltd.
  • Otsuka Chemical
  • Honeywell International
  • BASF SE
  • Arkema Group

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