Azodicarbonamide market share research by applications and regions for 2018-2025

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Azodicarbonamide market share research by
applications and regions for 2018-2025 Global
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Overview of Azodicarbonamide Market

• North America led the azodicarbonamide market in
  2017. FDA recommended azodicarbonamide as a food
  additive, due to which product demand in North
  America has shown significant growth from last
  several years. Europe garnered the major market
  share followed by North America in 2017. This can
  be attributed to the large food beverages and
  plastic industry in the region. 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.
• Azodicarbonamide (ADA) 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
  azodicarbonamide 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.
• From last several years food beverage industry
  is increasing with a significant CAGR and shall
  continue to grow with a same pace during the
  forecast period. Growth in the food beverages
  industry ultimately fuel the product demand in
  coming years. However, the health risks
  associated with usage of product in food as a
  food additive shall hamper the product demand
  over the forecast period. Moreover, product is
  used to make the toys and food bottle packing,
  which used by the children. Owing to this
  regulatory bodies are likely to impose the more
  restriction on the product use plastic segment in
  near future.

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• 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.
• 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.

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• Players operating in the industry are indulged in
  the merger and acquisition strategy to increase
  their product portfolio and market reach. They
  are trying to increase their geographical
  presence. For instance, Lanxess has acquired U.S.
  company Chemtura, which is worlds leading
  suppliers of flame retardant and lubricant
  additives. All concerned regulatory authorities
  have cleared the transactions. Lanxess has
  acquired Chemutra at nearly USD 2.81 billion
  according to the media reports. This acquisition
  will help the Lanxess to increase its presence in
  the North America.

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Methodology

• Market
  research reports Key analytical components

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