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Azodicarbonamide Market: What are the main applications and challenges?

Author : Ronak Bora | Published Date : 2019-04-17 

Global Market Insights, Inc. provides a detailed overview of azodicarbonamide market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Azodicarbonamide Market size is likely to grow with a prominent CAGR during the forecast timespan. Azodicarbonamide is a chemical substance which is used as a dough conditioner in bread baking, and as a whitening agent in cereal flour. It is an odorless chemical compound by nature, found in crystalline powder form, which ranges in color from yellow to orange red. It is extensively used as a food additive, blowing agent and a foaming agent.

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Increasing quality plastic and rubber demand will fuel the azodicarbonamide market growth over the forecast period. The chemical plays an important role in strengthening, softening and bringing elasticity to the product it is mixed with. Majorly it is used in foam based plastic manufacturing, such as sport shoes, toys, shoe soles and floor mats. It is used in the rubber to form seals on glass jars. Increasing usage of jar in food and beverage industry shall propel the market growth in near future. It is a chemical compound being used as a food additive to bleach and increase the shelf life of breads.

Based on product type, azodicarbonamide market divided into two types- industrial quality and food quality. Due to, the health-related concerns food quality azodicarbonamide shall experience a moderate demand over the forecast timeframe. on the other hand, owing to the increasing product applications and growing plastics & rubber industry industrial quality azodicarbonamide will gain the major market share in next few years. On the basis of application, the azodicarbonamide market is segmented into five types includes, plastic additive, blowing agent, food additive, improving agent and flour bleaching agent. Blowing agent application segment shall create a major chunk of demand in near future. This can be attributed to the significantly growing plastic industry.

Asia Pacific will be the fastest growing azodicarbonamide market, during the forecast timespan. Increasing disposable income in the countries include, China, India, Indonesia and Sri Lanka help the azodicarbonamide market to grow further in the region. In addition, product end-use industries in the region are growing with a prominent CAGR.

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Many prominent vendors are operating in the industry, include Lanxess, SPL Group, Toronto Research Chemicals, Otsuka Chemical Co Ltd., Honeywell International, Arkema, JingJiang Hangsun Plastic Additives,Kum Yang Co Ltd., Weifang Yaxing Chemical Co., Ltd., Jiangxi Selon Industrial, Abtonsmart Chemicals and Ajanta Group. Other manufacturers working in the industry are SOPO International Co Ltd., S. S. Blow Chem Ltd., HAoxiang Enterprise Limited.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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