IMARC Group

Azodicarbonamide Market Size, Share, Growth, Trends And Forecast 2023-2028

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The latest report by IMARC Group, titled “Azodicarbonamide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global azodicarbonamide market size reached US$ 1.19 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.63 Billion by 2028, exhibiting a growth rate (CAGR) of 5.60% during 2023-2028. Azodicarbonamide is a chemical compound widely utilized as a blowing agent in the manufacturing of foamed plastics. These plastics are then used in a range of applications, such as insulation materials, gaskets, and lightweight footwear. The compound serves the essential purpose of helping polymers expand into foam-like materials, making them more malleable and easier to shape. It is also utilized in the food industry as a dough conditioner and bleaching agent. However, its usage in food is regulated or restricted in some countries due to health concerns. As a result, azodicarbonamide has gained immense traction as a valuable chemical owing to its versatility in numerous industrial applications, including plastic and rubber manufacturing, as well as its limited use in the food industry. For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/azodicarbonamide-market/requestsample Azodicarbonamide Market Trends and Drivers: The global azodicarbonamide market is primarily driven by the increasing demand for lightweight materials in the automotive sector to improve fuel efficiency and reduce emissions. Moreover, azodicarbonamide's role in creating lightweight foamed plastics makes it indispensable in this context, thus fostering market growth. Additionally, the growing construction industry is demanding more energy-efficient insulation materials, which often utilize azodicarbonamide as a blowing agent. In line with this, favorable regulatory changes and ongoing product innovations, such as the development of more environmentally friendly alternatives, are augmenting the market growth. Furthermore, the rising focus on sustainability is leading to the emergence of bio-based and low VOC-emitting azodicarbonamide variants, thus broadening its appeal and propelling market growth. Report Segmentation: The report has segmented the market into the following categories: Breakup by Type: Breakup by Application: Breakup by End User: Market Breakup by Region: Competitive Landscape with Key Player: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization. About Us IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. Contact US IMARC Group Email: sales@imarcgroup.com USA: +1-631-791-1145 | Asia: +91-120-433-0800 Address: 134 N 4th St. Brooklyn, NY 11249, USA Follow us on Twitter: @imarcglobal