Report Overview
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 Analysis
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.
