Global Azodicarbonamide Market: Introduction
Azodicarbonamide is employed as an organic chemical blowing agent for the manufacturing of polymer foam, which is used in rubber compounds, polymer melts, and PVC plastisols. Azodicarbonamide is also used as a blowing agent in foamed rubber and plastics products for instance in products such as yoga mats, window gaskets, floor mats, toys, and shoe soles. Azodicarbonamide is widely used as a dough conditioner and as a flour bleaching agent, as it hastens the speed of processing, improves the bread texture, and makes the bread appear whiter and larger than its normal appearance.
Global Azodicarbonamide Market: Trends & Demands
Demand for azodicarbonamide is estimated to increase in plastic and rubber industries by 2027. Azodicarbonamide is used in most of the conventional plastics manufacturing processes such as extrusion, injection molding, calendering, coatings, slush, and rotational molding. Foamed plastics usage lead improve electrical and thermal insulation improve strength to weight ratio, eliminate sink marks in injection-molded parts and reduce material costs. Demand for foamed plastics is anticipated to increase in the next few years. This, is anticipated propel its use of azodicarbonamide as a blowing agent. Demand for azodicarbonamide is expected to increase in the rubber industry for producing products such as glass jars rubber seals, shoes, and gymnasium products during the forecast period.
The U.S. FDA has permitted the use of azodicarbonamide in limited amounts in certain applications, despite various controversies in the recent decade regarding its usage as dough conditioning. It is approved for use by the FDA as a food maturing agent under 21CFR 172,806; and various food contact sealing gaskets under 21 CFR 175,300 and 177.2600. However, implementation of stringent regulations in Western markets, for instance ban on azodicarbonamide by the European Union is likely to hamper the global azodicarbonamide market during the forecast period.
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Global Azodicarbonamide Market: Key Segments
In terms of grade, the azodicarbonamide market can be bifurcated into food grade and industrial grade. Several participants, such as Subway IP, LLC and Flowers Foods, operating in the food & beverage sector are discouraging the use of azodicarbonamide in food products. The industrial grade azodicarbonamide is likely to expand at a higher CAGR by 2027, as compared to the food grade segment. Based on the end-user, the market can be classified into plastic & rubber, food & beverage, leather & textiles, paints & coatings, and others.
Global Azodicarbonamide Market: Regional Outlook
In terms of region, the global azodicarbonamide market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to constitute a large share of the global market during the forecast period. The market in the region is projected to expand significant growth rate due to rapid industrialization and urbanization in Asia Pacific by 2027. Growth in the packaging sector in China and India is estimated to boost demand for regional market in these countries in next few years.
Global Azodicarbonamide Market: Key Players
The global azodicarbonamide market was highly fragmented in 2018 with presence of several small and medium scale manufacturers in Asia Pacific. Key manufacturers operating in the market include Ajanta Group, SPL Group, Arkema, LANXESS, Abtonsmart Chemicals Co., Ltd., Otsuka Chemical Co.,Ltd., Jiangxi Selon Industrial Stock, Sri Dwarikadheesh Polymers, Weifang Yaxing Chemical Co., Ltd., and Nikunj Chemical Limited.
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