Global Adipic Acid Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

Global adipic acid market size was valued at USD 6.3 million in 2020 and it expected to garner USD 9.5 million by 2030, register the CAGR of 4.2% during the forecast period. Adipic acid is as dicarboxylic acid which contains two carbonyl group, produced about 2.5 billion kilogram per year. It is naturally found in sugar cane and beets. It is synthesized from benzene and crude oil. It is used to manufacture lubricant component and plasticizes, about 90% of adipic acid is used in making of nylon. In food industries, it is used as acidulant, leavening agent, buffering agent, gelling aid and gives tart & sweet flavor. It is also used in medicine to control the acid and base concentration. Fluctuation in price of main raw components, benzene and crude oil is main restrain for the market.
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Market Dynamics and Factors:
Increase in demand of adipic acid in electrical & electronics, automotive, consumer goods and appliance industry are the main drivers of the adipic acid market. R&D in textiles production also helps in the market growth, as companies are focusing light weight, durable, high quality and high absorption quality which are capable during extreme condition like chemical and temperature. The presence of environmental restrict rules and regulation, fluctuation in raw material prices, and increase in the use of hybrid fiber are restraining the adipic acid market.
Market Segmentation:
Global Adipic Acid Market – By Component
Cyclohexanol
Cyclohexanone
Global Adipic Acid Market – By End-Product
Nylon 66 Fibers
Nylon 66 Engineering Resins
Polyurethanes
Adipate Esters
Others
Global Adipic Acid Market – By Application
Plasticizers
Unsaturated Polyester Resins
Wet Paper Resins
Coatings
Synthetic Lubricants
Food Additives
Others
Global Adipic Acid Market – By End-User
Automotive
Electrical and Electronics
Textiles
Food and Beverages
Personal Care
Pharmaceutical
Others
Global Adipic Acid Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
Asia Pacific is dominating the global adipic acid market in terms of volume. High demand from automotive sector chief market of raw material in China and India which help the market to grow in this region with highest CAGR of 11.2%. Followed by Asia Pacific is most promising region in terms of growth due to relaxing rules and regulation and easily presence of raw materials. In term of revenue, North America is largest market, and has more demand of adipic acid due to presence of textile industries, and pharmaceutical industries. Increase in food & beverage, and automotive sector in this region help the adipic acid market to grow.
Competitive Scenario:
Major players in the global adipic acid industry are PetroChina Company Limited, INVISTA, Asahi Kasai Corporation, BASF SE, Ascend Performance Materials, LANXESS, Solvey S.A., Radici Partecipazioni SpA, Bioamber Inc, Sumitomo Chemical Co. Ltd., Shandong Hongye Chemical Company Ltd., and PetroChina Liaoyang Petrochemical.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Adipic Acid industry, although key threats, opportunities and disruptive technologies that could shape the Global Adipic Acid Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Adipic Acid Market most.
The data analysis present in the Global Adipic Acid Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Adipic Acid Market business.
The 2021 Annual Global Adipic Acid Market offers:
100+ charts exploring and analysing the Global Adipic Acid Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Adipic Acid Market type
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