Global Azodicarbonamide Market Size, Share & Trends Analysis Report, Grade, End-user Industry, By Region Forecasts, 2023 - 2030

Global Azodicarbonamide Market Size, Share & Trends Analysis Report, Grade, End-user Industry, By Region Forecasts, 2023 - 2030

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 global commerce and use of Azodicarbonamide, a versatile chemical molecule widely used in numerous sectors, is included in the market for Azodicarbonamide. Azodicarbonamide is produced, distributed, and used in a variety of industries, including textiles, rubber, plastics, food processing, chemicals, and others. Azodicarbonamide is frequently used as a dough conditioner, blowing agent, and flour bleaching agent. These applications help to produce lightweight materials, improve quality, and increase manufacturing efficiency. The market is made up of producers, distributors, and consumers that want to take advantage of the various advantages of azodicarbonamide while also following laws and environmental regulations. The need for lightweight materials, cost-effectiveness, and sustainability in production processes across various industrial segments are major factors propelling this market.

One major factor propelling the growth of the azodicarbonamide market is the growing use of azodicarbonamide in the plastics industry. The compound's extraordinary function as a blowing agent, which permits the creation of lightweight foamed polymers without sacrificing structural integrity, is what's driving this increase. Azodicarbonamide is essential for lowering material consumption and increasing the effectiveness of plastic products in a time when efficiency and lightweight materials are crucial. Moreover, the foamed polymers made with Azodicarbonamide have outstanding insulating qualities, which successfully satisfy the growing demand for energy-efficient materials, especially in the building and automotive industries.

“Industrial Grade segment, by grade, to be dominating market from 2023 to 2030.”

The market for industrial grade azodicarbonamide is distinguished by being both the largest and fastest-growing category. Its widespread and well-established uses in sectors like textiles, rubber, plastics, and chemicals underpin its leadership. Industrial-grade azodicarbonamide, renowned for its adaptability and affordability, has established itself as a standard option for producers looking to maximise production costs while improving product attributes. Concurrently, novel uses beyond its conventional use are driving its amazing rise. Construction materials is one of the emerging industries that is realising the many benefits of Azodicarbonamide, which is driving up its demand and market share. The need for azodicarbonamide in various manufacturing processes is a result of the growth of industrial activity worldwide, particularly in places such as Asia, the Middle East, and Africa.

“Plastic and Rubber Industry segment, by end user industries, to be dominating market from 2023 to 2030.”

The market for Azodicarbonamide is now dominated by the plastic and rubber industries, mainly because of the compound's exceptional efficiency and adaptability. Azodicarbonamide is an essential blowing agent that gives many rubber and plastic products their light weight and insulating qualities. Its standing in these sectors has been cemented by its capacity to raise processing efficiency, preserve structural integrity, and increase product quality. Notably, azodicarbonamide is highly sought after for lightweighting, which is an essential need in industries like construction and automotive.

“North America to be largest region in Azodicarbonamide market.”

Because of its advanced technology, strict regulations, and established industries, North America presently commands the largest share of the global azodicarbonamide market. The established plastics and food sectors in the region have been using Azodicarbonamide for a long time, which has helped them maintain a strong and dominant market position. Strict laws, especially in the food sector, necessitate high-grade, compliant azodicarbonamide to satisfy consumer demands for dependable and safe products. Furthermore, the area's ongoing technological advancements result in the creation of better Azodicarbonamide products that meet the particular needs of many industries.

Azodicarbonamide Competitive Landscape

The competitive landscape of the Azodicarbonamide market involves assessing the competitive landscape to understand the strengths, weaknesses, opportunities, and threats of the industry. Key industry players have recognized that the adoption of Azodicarbonamide technology holds the potential for further growth. The growing desire among producers to optimize their production costs has spurred collaborative efforts among companies to scale up their production capacity. This strategic collaboration not only aims to increase revenue but also seeks to establish dominance in the market.

The Azodicarbonamide market is highly competitive, with numerous companies vying for market share. Prominent companies in the Azodicarbonamide Market include:

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

Recent developments:

In 2020, Lanxess AG declared the acquisition of the French biocide manufacturer INTACE SAS as a calculated strategic move to strengthen its position in the European market and diversify its business in the biocides sector.

In 2020, Kum Yang Co., Ltd. announced that it has licenced BASF SE's azodicarbonamide manufacturing technology. The purpose of this deal was to increase Kum Yang's global product offering and fortify its position in the Asian market.

The American company ArrMaz Custom Chemicals, Inc. was acquired by Arkema Group in 2020. The purpose of this acquisition was to strengthen Arkema's market position in North America and expand its product line in the specialty chemicals industry.

In January 2020, Borealis announces the release of HE1355, an azodicarbonamide (ADCA)-free high density polyethylene (HDPE) grade, on a global commercial scale. It's the first chemically foamed, ADCA-free material ever designed for use in telecom cable manufacturing. With this launch, Borealis continues to expand on its long history of innovation in the most demanding Wire & Cable markets. In order to help cable manufacturers future-proof their production operations, Borealis, a dependable partner in the industry, is leveraging its innovation expertise. By using HE1355, manufacturers can completely avoid any problems that may arise from the planned inclusion of ADCA on the EU's Annex XIV of REACH (""Authorization List""). Therefore, cable producers may count on being able to continue production as usual, even in the event that laws change and cause a disruption.