Azodicarbonamide Market Size Assessment & Opportunity Forecast 2022-2031

The market for Azodicarbonamide is expected to grow at a CAGR of more than 5% during the forecast period. One of the key factors driving the market is the significant growth of the plastic industry.

– However, regulation or banning of use of azodicarbonamide for some applications in Europe and Australia acts as a restraint for the market. Some major food chains like subway and flower foods have stopped using Azodicarbonamide in their bread preparation due to its unpopular reputation of its health effects.
– North America is estimated to dominate the market with the largest consumption coming from the United States. However, Asia-Pacific is likely to register the fastest growth rate during the forecast period.

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Key Market Trends

Plastics and rubber industry is expected to dominate the market

– Azodicarbonamide is a crystalline powder, odorless chemical compound by nature, which ranges in color from yellow to orange red.
– Azodicarbonamide is used in plastics manufacturing processes such as injection molding, calendaring, extrusion, coatings, slush, and rotational molding.
– It is also used as a blowing agent in the formation of the foamed plastics in the foaming process.
– Foamed plastics usage has increased the strength to weight ratio of the material along with the improvement in electrical and thermal insulation and reduced material costs.
– Increasing demand for foamed plastic from industries like air filters and construction in the next few years is anticipated to propel the use of azodicarbonamide as a blowing agent.
– In rubber industry, it is used in the formation of vinyl (PVC). Vinyl foam is used in the carpets and floor mats as it is springy and does not slip on smooth surfaces.
– As demand of products like rubber seals, yoga mats, gymnasium products and shoes is expected to increase, which in turn is expected to translate into demand for azodicarbonamide market for the forecast period.

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