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Global Azodicarbonamide (ADCA, CAS 123-77-3) Market Industry Analysis & Size

02-17-2022 05:47 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

Global Azodicarbonamide (ADCA, CAS 123-77-3) Market Industry

Azodicarbonamide, ADCA, ADA, or azo(bis)formamide, is a chemical compound with the molecular formula C2H4O2N4. It is broadly utilized as a blowing agent for plastics and rubbers.

According to the report analysis, 'Global Azodicarbonamide (ADCA, CAS 123-77-3) Market, 2021-2027' states that Dongjin Semichem Co., Ltd., Eiwa Chemical Ind. Co. Ltd., Fujian Longyan Longhua Chemical Co., Ltd., Fujian Rongchang Chemical Co., Ltd., Jiangsu SOPO Chemical Co., Ltd, Jiangxi Selon Industrial Co., Ltd., Kumyang Co., Ltd., Ningxia Risheng Industrial Co. Ltd., Otsuka Chemical Co., Ltd., Sankyo Kasei Co., Ltd., Weifang Yaxing Chemical Co., Ltd., among others are the key companies which presently operating in the global azodicarbonamide (ADCA, CAS 123-77-3) market more efficiently for keep maintaining the governing position, registering the great value of market share, generating the highest percentage of revenue, leading the highest market growth and ruling around the globe by improving the qualitative and quantitative measures of such, spreading the awareness connected to the applications and advantages of azodicarbonamide, increasing the features and benefits of azodicarbonamide, delivering the better customer satisfaction, implementing the policies of profit making and strategies of expansion, analysing the strategies and policies of government as well as similar entities and establishing the several research and development programs.

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Azodicarbonamide is utilized in plastics manufacturing procedures such as injection molding, calendaring, extrusion, coatings, slush, and rotational molding. It is also utilized as a blowing agent in the formation of the foamed plastics in the foaming procedure. Foamed plastics utilization has augmented the strength to weight ratio of the material, advanced electrical and thermal insulation, and decreased material costs. The effective growth in demand for foamed plastic from industries such as air filters and construction in the next few years is projected to propel the usage of azodicarbonamide as a blowing agent.

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Not only has this, the requirement for products, like rubber seals, yoga mats, gymnasium products, and shoes, is projected to augment, which, in turn, is predicted to translate into requirement in the 'Global Azodicarbonamide Market'. All the aforementioned aspects are projected to drive the requirement for azodicarbonamide over the forecast duration.

Asia-Pacific is projected to augment significantly throughout the forecast duration owing to the growing demand from customers for better-quality plastics and rubber products (foamed plastics, etc.). The plastic industry is projected to augment in countries such as China and India. The Chinese plastic industry is augmenting at a high-rate wing to the availability of cheaper raw materials and massive requirement increase in industries such as packaging and footwear from developing economies.

Furthermore, the Asia Pacific is projected to constitute a large share of the global market throughout the forecast duration. The market in the region is predicted to enlarge significant growth rate owing to speedy industrialization and urbanization in Asia Pacific. Growth in the packaging sector in China and India is projected to boost requirement for regional market in these regions in next few years. Therefore, it is predicted that during the review years the market of azodicarbonamide will augment more efficiently over the near years.

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Ken Research
Ankur Gupta, Head Marketing & Communications

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Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

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