Azobisisobutyronitrile (AIBN) is an organic compound with the chemical formula [(CH3)2C(CN)]2N2. It is a white crystalline powder, insoluble in water but soluble in alcohols and organic solvents. AIBN is widely utilized as a foaming agent in the plastics and rubber industry and as a radical initiator in polymerization processes. Due to its thermal decomposition property, which releases nitrogen gas, AIBN plays a crucial role in chemical synthesis and manufacturing applications.
Market Size
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The global Azobisisobutyronitrile (AIBN) Market was valued at $77.6 million in 2024 and is projected to reach $117.6 million by 2030, growing at a CAGR of 6.11% during the forecast period. The increasing demand for AIBN is attributed to its extensive application in polymerization processes, especially in the production of plastics and synthetic rubbers. Market expansion is further driven by industrialization and advancements in polymer manufacturing.
Competitor Analysis
Key Players:
- Chemours
- Nouryon
- Fujifilm
- Otsuka Chemical
- Japan Finechem (MGC)
- Arkema
- Biolar
- Qingdao Runxing
- Qingdao Kexin New Material
- Changzhou Yigeng Chemical
- Anda Jiacheng Chemical
- Tangshan Chenhong Industrial
- Changzhou Gengyun Chemical
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Market Segmentation (by Application)
- Polymerization Initiator
- Blowing Agent
- Others
Market Segmentation (by Type)
- 99% and Above
- Below 99%
Geographic Segmentation
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Middle East & Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
FAQ Section
1. What is the current market size of the AIBN market?
The AIBN market was valued at $77.6 million in 2024 and is expected to reach $117.6 million by 2030, growing at a CAGR of 6.11%.
2. Which are the key companies operating in the AIBN market?
Some of the key companies include Chemours, Nouryon, Fujifilm, Otsuka Chemical, Arkema, and Japan Finechem (MGC).
3. What are the key growth drivers in the AIBN market?
Growth in the polymerization and rubber industries, demand for blowing agents, and technological advancements in chemical synthesis are the primary drivers.
4. Which regions dominate the AIBN market?
Asia-Pacific, led by China and India, dominates the AIBN market due to rapid industrial expansion and increasing polymer production.
5. What are the emerging trends in the AIBN market?
Innovations in polymer science, increasing demand for high-performance plastics, and expansion into emerging markets are key trends shaping the industry.
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