Global Adipic Acid Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Adipic Acid Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global adipic acid market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global adipic acid market report has been segmented on the application, end use industry, and region.
Adipic acid is an organic compound which is mildly toxic, white, and crystalline. Adipic acid is insoluble in water and is mainly used in the production of nylon fiber, engineering plastics, and polyurethane in quantity. High quality ester of adipic acid can be used as PVC and its copolymer, plasticizer of natural synthetic rubber.
Increasing preference of automotive manufacturers towards use of nylon 6, 6, coupled with rapidly growing automotive industry globally is major factor expected to boost growth of the target market over the forecast period. Furthermore, several advantages offered by adipic acid which includes low cost, considerable lightweight, as well as excellent performance, thereby improving fuel efficiency is another major factor expected to drive growth of the global adipic acid market over the forecast period.
In addition, increasing demand of adipic acid from various end use industries such as electrical & electronics industries is expected to propel growth of the target market over the forecast period. Increasing disposable income, coupled with rapidly growing population is in turn expected to boost growth of food & beverages industry and increasing demand for nylon 6, 6 fiber in packaging of food & beverage products is expected to support growth of target market over the forecast period.
Companies operating in the target market can enter into strategic partnership in order to development novel products which in turn is expected to propel growth of the global market.
Market in North America accounted for significant revenue share of the global adipic acid market in terms of revenue contribution as compared to that of markets in other regions, in 2017.
Asia Pacific accounts for second-highest revenue share contribution to the global market, registering a share of XX.X%, followed by markets in the Europe, Latin America, and the Middle East & Africa respectively. In addition, the market in the Asia Pacific is projected to register fastest growth in terms of revenue over the next 10 years.
Rapidly growing industrialization particularly in countries like India, and China, coupled with rapidly growing automotive, packaging film & coating, and electronics industries are major factors expected to support growth of market in the region over the forecast period. Increasing presence of international and domestic manufacturers for adipic acid is expected to propel growth of the market in the region over the forecast period.
The markets in Latin America and Middle East & Africa are expected to register moderate growth rate in the global adipic acid market over the forecast period.
Segmentation on the basis of application:
- Nylon 6,6 Fiber
- Nylon 6, 6 Resins
- Adipate Esters
Segmentation on the basis of end use industry:
- Packaging film & coating
- Electrical & Electronics
- Others (Appliances and Consumer goods)
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Asahi Kasei Corporation
- Ascend Performance Materials Inc.
- BASF SE
- INVISTA S.à r.l.
- Lanxess Corporation
- Petrochina Liaoyang Petrochemical Company
- Radici Group
- Shandong Haili Chemical Industry Company, Ltd.
- Shandong Hongye Chemical Company, Ltd.
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