Azodicarbonamide Market to Undertake Strapping Growth During 2027
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.
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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.
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.
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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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