Adipic Acid Market, by Application (Nylon 6, 6 Fiber, Nylon 6, 6 Resin, Polyurethanes, and Adipate Esters), by End-use Industry (Automotive, Electrical & Electronics, Home Appliances, Textiles, and FMCG), and by Region (North America, Latin America, Asia

Adipic Acid Market, by Application (Nylon 6, 6 Fiber, Nylon 6, 6 Resin, Polyurethanes, and Adipate Esters), by End-use Industry (Automotive, Electrical & Electronics, Home Appliances, Textiles, and FMCG), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Adipic acid is a white, crystalline compound and is primarily used in the production of nylon 6,6. It is also used to produce polyurethanes as a reactant to form plasticizers, lubricant components, and polyester polyols. Feedstocks include benzene, cyclohexane, and ammonia. Synthetic adipic acid is manufactured from petroleum products such as phenol and benzene. Fluctuation in crude oil prices and adverse environmental impact of manufacturing of adipic acid inhibits growth of the adipic acid market. The production of adipic acid involves significant generation of carbon dioxide and also toxic industrial waste. This has led to increasing focus of players in market towards development of bio-based adipic acid, which is more economically viable and involves a relatively clean production process.

Increasing preference of auto manufacturers towards the use of nylon 6, 6 due to the considerable light weight, low cost, and excellent performance, resulting in high fuel efficiency and adherence to regulatory guidelines, is fueling growth of the adipic acid market. Changing food habits and increasing disposable income coupled with growing population is propelling growth of the food & beverages industry and subsequently, increasing demand for nylon 6, 6 fiber in production of packaging products.

Market Dynamics

Asia Pacific is expected to be the fastest growing market during the forecast period. Growing economy of China, Japan, and India is in turn propelling demand for improved residential and commercial complexes to accommodate the rapidly growing population. This has increased demand for synthetic fibers, paints & coatings and electrical wires & cables applications in various infrastructural projects. Europe was the largest market for adipic acids in 2021 and the region is expected to retain its dominance in the market through 2030.

Key end-use industries in the global adipic acid market, such as textile and automotive, have gained significant traction in the recent past, and the trend is expected to continue in the near future, in turn augmenting growth of market. According to the stats provided by Coherent Market Insights, the automotive industry was dominating market for adipic acid in 2021 and the trend is expected to continue in the during the forecast period. Adipic acid is mainly used in the production of nylon 6,6, which finds a wide range of applications across various industries ranging from automotive to textile. This is mainly attributed its high durability, light weight, and high elasticity and tensile strength. The clothing industry has witnessed rapid growth in the recent past, especially in emerging economies of India and China, due to increasing discretionary income.

Key features of the study:

• This report provides an in-depth analysis of global adipic acid market, and provides market size (US$ billion & KT) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global adipic acid market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Asahi Kasei Corporation, Ascend Performance Materials, BASF SE, Invista, Lanxess Ag, PetroChina Liaoyang Petrochemical, Radici Group, Rhodia, Shandong Haili Chemical Industry Company Ltd., and Shandong Hongye Chemical Company, Ltd
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global adipic acid market report caters to various stakeholders in this industry including investors, suppliers, adipic acid manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global adipic acid market

Detailed Segmentation:

• Global Adipic acid Market, By Application:
• Nylon 6, 6 Fiber
• Nylon 6, 6 Resin
• Polyurethanes
• Adipate Esters
• Global Adipic acid Market, By End-use Industry:
• Automotive
• Electrical & Electronics
• Home Appliances
• Textiles
• FMCG
• Global Adipic acid Market, By Region:
• North America
• By Country:
• U.S
• Canada
• Latin America
• By Country:
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Europe
• By Country:
• Germany
• U.K
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• By Country:
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa
• By Country/Region:
• Middle East
• Africa
• Company Profiles
• Asahi Kasei Corporation
• Company Overview
• Product Portfolio
• Key Strategies
• Recent Developments
• Future Plans
• Ascend Performance Materials
• BASF SE
• Invista
• Lanxess Ag
• PetroChina Liaoyang Petrochemical
• Radici Group
• Rhodia
• Shandong Haili Chemical Industry Company Ltd.
• Shandong Hongye Chemical Company, Ltd

“*” marked represents similar segmentation in other categories in the respective section.