The report on the Global Adipic Acid Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of a comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Adipic acid is a crystalline white powder like organic compound usually soluble in nature. Adipic acid is extensively used in the preparation of nylon fiber and nylon resin. Adipic acid is also used to prepare polyurethane and plasticizers from esters. It has a wide range of application in several end-user industries which include electronics, footwear, automobile, food and beverage and others.
Global adipic acid market is analyzed based on its application and segmented into nylon 6,6 resin, polyurethanes, nylon 6,6 fiber, adipate esters and others. Nylon fiber 6,6 and nylon resin 6,6 are major application segments with high market growth owing to their high demand by end user industries. Adipate esters also play an imperative part in the preparation of PVC pipes and plasticizers and expected to contribute for the growth of this market for the forecast period.
Adipic acid is used to add flavors to food and beverages. Change in eating trends and demand for new flavors of food and beverage rapidly surge the growth of global adipic acid market. Nylon fiber is essentially used by the automotive industry in preparation of spear part and several components. This in turn boosts the growth of global adipic acid market. In addition, rapid demand for nylon fibers and nylon resin from electronics and footwear industry will open key opportunities for this market over the forecast period. Environmental concerns associated with adipic acid will restrain market growth.
Asia Pacific is the most prominent region of this market. Growth of footwear industry and economic growth in India and China propel the growth of Asia Pacific region. Followed by Asia Pacific, North America and Europe are other faster growing regions in this market. Latin America and MEA are expected to show considerable growth over the forecast period.
Key players in global adipic acid market are:
- Liyoyang Petrochemical
- Radici
- Shangdong Haili (Bohui)
- Asahi Kasei
- BASF
- Rhodia
- INVISTA
- Ascend Performance Materials
SEGMENTATIONS IN REPORT:
Adipic Acid Market By Application
- Nylon 6,6 Fiber
- Nylon 6,6 Resin
- Polyurethanes
- Adipate Esters
- Others
Adipic Acid By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East And Africa
The Global Adipic Acid Market has been exhibited in detail in the following chapters -
Chapter 1 Adipic Acid Market Preface
Chapter 2 Executive Summary
Chapter 3 Adipic Acid Industry Analysis
Chapter 4 Adipic Acid Market Value Chain Analysis
Chapter 5 Adipic Acid Market Analysis By Application
Chapter 6 Adipic Acid Market Analysis By Geography
Chapter 7 Competitive Landscape Of Adipic Acid Companies
Chapter 8 Company Profiles Of Adipic Acid Industry