Sodium Azide Market Size, Share & Industry Analysis, By Application (Probe Reagent, Preservative, Nitridizing Agent, Cytochrome Oxidase Inhibitor, Propellant in Airbags) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Sodium azide is a chemical compound and appears as a white colour solid. It has a pungent odour and also radially soluble in water or acid. It is a useful reagent in synthetic work and a common preservative of samples and stock solutions in laboratories. Additionally, the sodium azide is majorly used in automobile airbags. In which, an electrical charge triggered by automobile impact causes sodium azide to explode and convert to nitrogen gas inside the airbag. It is also an efficient chemical preservative in laboratories and hospitals. Sodium azide finds its use in the probe reagent, preservative, nitridizing agent, cytochrome oxidase inhibitor, and the propellant in airbags.
The increasing demand for sodium azide from the agriculture and automotive industry will fuel market growth. In the agriculture industry, the product is majorly used for pest control. Whereas, in the automotive industry, the rising product demand is attributed to its ability to convert itself in nitrogen gas in the airbags, when any electrical charge trigger. The stringent government regulations pertaining to reduce the car accidents and rising safety concerns have surged the demand for airbags. Hence rising demand for the product in these applications will fuel the sodium azide market growth during the forecast timeline.
However, sodium azide is highly toxic in nature. Direct contact or inhalation can cause serious hazardous health impacts such as convulsions, low blood pressure, and loss of consciousness. Hence, this іѕ anticipated to hampering market growth.
Key Market Driver -
The rising demand for sodium azide in automotive and agriculture industry to drive the market growth.
Key Market Restraint -
Toxic nature of sodium azide to restrict the market growth
Market Segmentation:
Based on application, the sodium azide market is segmented into probe reagent, preservative, nitridizing agent, cytochrome oxidase inhibitor, propellant in airbags, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Key Players Covered:
The key players in the sodium azide market include Island Veer Chemie Pvt Ltd., ARNISH LABORATES PRIVATE LIMITED., Azide & Allied Chemicals, RCHEM Group, American Pacific, Stobec, American Azide Corporation (AAC), Chemit Laboratories, PharmaCompass, POWDER PACK CHEM, and American Elements.
Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenarios
- Porters Five Forces Analysis
Regional Analysis:
Asia Pacific is anticipated to witness the highest growth in the sodium azide market. The growth is attributed to the rising adoption of the product in the automobile airbags. The increasing use of sodium azide in the agriculture industry will fuel the market growth in North America, in which the US and Canada are the leading countries. In Europe, the growth is due to the adoption of the product in the nitridizing agent and preservatives. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of the product in cytochrome oxidase inhibitors.
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Segmentation
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- Ongoing
- 2023
- 2019-2022
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