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Report overview
Asia Pacific Azobisisobutyronitrile (AIBN) market size was valued at USD 72.9 million in 2024 and is projected to reach USD 93.1 million by 2030, at a CAGR of 4.2% during the forecast period 2024-2030.
Azobisisobutyronitrile (AIBN) is an organic compound widely used as a foaming agent and radical initiator in polymer production, valued for its role in controlling polymerization reactions and producing foam plastics.
The Asia Pacific AIBN market is driven by the region's large polymer and plastic manufacturing industry. China dominates with a 55% market share, followed by South Korea at 20% and Japan at 15%. In 2024, the plastic foam industry consumed 60% of the total production, with polymer synthesis applications at 30%. The market saw an 8% increase in demand from the automotive sector for lightweight materials. Key players include Nanjing Chungzheng Chemical (China) and Fujifilm Wako Pure Chemical Corporation (Japan), collectively holding a 40% market share in the region. The industry is investing in safer handling and storage technologies, with a 15% increase in R&D spending on stabilized AIBN formulations in 2024. Challenges include stringent safety regulations, with a 10% increase in compliance costs reported by manufacturers. The market is seeing a trend towards bio-based alternatives, with 5% of initiators now derived from renewable sources.
Report Includes
This report is an essential reference for who looks for detailed information on Asia Pacific Azobisisobutyronitrile (AIBN) . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Azobisisobutyronitrile (AIBN) , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
This report aims to provide a comprehensive presentation of the Asia Pacific Azobisisobutyronitrile (AIBN) , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Azobisisobutyronitrile (AIBN) . This report contains market size and forecasts of Azobisisobutyronitrile (AIBN) in Asia Pacific, including the following market information:
We surveyed the Azobisisobutyronitrile (AIBN) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
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