Azodicarbonamide Market is expected to rise with a single digit growth rate of 5.6% in the forecast period.
The substantial growth of the food industry in recent years has led to the development of a wide variety of products. Manufacturers have been largely focusing on altering or adding substances to food to enhance its properties. One such altered food is Azodicarbonamide. The azodicarbonamide is a chemical substance that is used as in products such as cereal flour as a whitening agent and bread baking as a dough conditioner. The azodicarbonamide is a crystalline powder which is generally found in two colors yellow and red-orange. Despite various controversies on the consumption of azodicarbonamide, the U.S. Food and Drug Administration has approved the use after significant research. The azodicarbonamide finds application as a food additive and as a blowing agent to seal caps of the containers used for food. Such factors are driving the growth of azodicarbonamide in the market.
Vendors in the market are focusing on promoting azodicarbonamide use to make people comfortable. They are also focusing on limiting the quantity of azodicarbonamide to make it less harmful to people.
Azodicarbonamide Market: Drivers and Restraints
The azodicarbonamide finds wide application as a blowing agent in the production of foamed plastics. The azodicarbonamide evolves various gases such as nitrogen, carbon monoxide, and others on thermal decomposition. These gases are trapped in the polymer and are used to form a foamed article. This application has resulted in wide adoption of azodicarbonamide in the market resulting in significant market growth. The azodicarbonamide finds application in plastics, leather and many other industries. They also find wide applications as a food additive for flour bleaching and dough conditioner. These factors are propelling the growth of azodicarbonamide market.
The use of azodicarbonamide as a food additive is banned in some countries such as Australia and the European Union. In Europe, the use of azodicarbonamide in plastics is also banned. Thus, the ban of azodicarbonamide application in strong economies has resulted in a significant decline in market growth as a major revenue could have been generated from these regions. A large number of people believe that the consumption of azodicarbonamide can result in certain respiratory issues. This, public discomfort can result in a substantial decline in adoption. These factors are furthermore hampering the growth of azodicarbonamide market.
Azodicarbonamide Market: Segmentation
The Azodicarbonamide market can be categorized on the basis of application and industry. On the basis of application in the Azodicarbonamide market, the Azodicarbonamide is expected to have a high share in food additive applications since it can whiten the bakery bread and also provide texture to the bread. On the basis of industry, the food industry segment is expected to have high growth in the market due to the increased use of azodicarbonamide as a food additive.
Azodicarbonamide market can be segmented on the basis of applications:
- Food Additive
- Blowing Agent
Azodicarbonamide market can be segmented on the basis of industry:
- Leather and Textile
- Paints and Coatings
- Plastic and Rubber
Azodicarbonamide Market: Competitive Landscape
Examples of some of the key players operating in the Azodicarbonamide market are Kum Yang Co., Ltd., Honeywell International, Ajanta Chemical Industries, Abtonsmart Chemicals Co., Ltd., SPL Group, Jiangxi Selon Industrial Stock, Fuzhou Rongfeng Chemicals Co., Ltd., Qingdao Est Trade Co., Ltd., and Sri Dwarikadheesh Polymers.
The Azodicarbonamide market is segmented across North America, Latin America, Western Europe, Eastern Europe, China, SEA and others of APAC, Japan and Middle East & Africa. The Asia Pacific is expected to be a large market for Azodicarbonamide as a majority of the Azodicarbonamide vendors such as Kum Yang Co., Ltd., Jiangxi Selon Industrial and Fuzhou Rongfeng Chemicals Co. are based in the region. Significant support of U.S. Food and Drug Administration (FDA) in the adoption and consumption of Azodicarbonamide in the North America region is driving the growth of Azodicarbonamide. The growing popularity of Azodicarbonamide in developing regions, such as APEJ, Latin America and parts of Africa, is characterized by the Substantial growth of food additive industry. Rising disposable income among people in the countries mentioned above is likely to increase the scope of penetration of Azodicarbonamide in these regions in the near future.
The research report presents a comprehensive assessment of the Azodicarbonamide market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Azodicarbonamide market report provides analysis and information, according to market segments such as geographies, application and industry.
The Azodicarbonamide Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Azodicarbonamide Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- CIS & Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Middle East & Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The Azodicarbonamide report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Azodicarbonamide report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Azodicarbonamide report also maps the qualitative impact of various market factors on market segments and geographies.
The Azodicarbonamide Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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