Adipic Acid

Global Adipic Acid Market to Reach US$18.2 Billion by 2030

The global market for Adipic Acid estimated at US$14.6 Billion in the year 2024, is expected to reach US$18.2 Billion by 2030, growing at a CAGR of 3.7% over the analysis period 2024-2030. Nylon 6,6, one of the segments analyzed in the report, is expected to record a 3.8% CAGR and reach US$10.1 Billion by the end of the analysis period. Growth in the Polyurethanes segment is estimated at 4.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.9 Billion While China is Forecast to Grow at 6.3% CAGR

The Adipic Acid market in the U.S. is estimated at US$3.9 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2030 trailing a CAGR of 6.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.0% and 3.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.

Global Adipic Acid Market - Key Trends & Drivers Summarized

What Technological Advancements Are Shaping the Adipic Acid Market?

The adipic acid market has witnessed significant technological advancements, enhancing production efficiency and sustainability. Traditional production methods involve the oxidation of cyclohexanol or cyclohexanone, but recent innovations have focused on developing bio-based production processes using renewable feedstocks such as glucose and other biomass sources. These bio-based methods aim to reduce the environmental impact and dependence on fossil fuels. Additionally, advancements in catalyst development and process optimization have improved yield and energy efficiency in adipic acid production. The use of green chemistry principles and environmentally friendly solvents further enhances the sustainability of adipic acid manufacturing. These advancements reflect a trend towards more efficient and sustainable production methods in the adipic acid industry.

How Is Adipic Acid Used Across Different Industries?

Adipic acid is a versatile chemical with a wide range of applications across various industries. In the automotive industry, it is used to produce nylon 6,6, a high-performance engineering plastic used in automotive parts and components. The textile industry relies on adipic acid for producing synthetic fibers, which are used in clothing, carpets, and upholstery. In the food and beverage industry, adipic acid is used as an acidity regulator and flavoring agent. The chemical industry uses adipic acid as a precursor for producing polyurethanes, which are used in foams, coatings, and elastomers. Additionally, adipic acid is used in the production of plasticizers, which improve the flexibility and durability of plastics. These diverse applications highlight the importance of adipic acid in various industrial processes.

Why Is Sustainability a Major Focus in Adipic Acid Production?

Sustainability has become a major focus in adipic acid production, driven by the need to reduce environmental impact and promote resource efficiency. The development of bio-based production methods using renewable feedstocks addresses concerns related to fossil fuel depletion and greenhouse gas emissions. Manufacturers are also optimizing traditional production processes to reduce energy consumption and improve yield, contributing to lower carbon footprints. The use of sustainable feedstocks and the implementation of green chemistry principles further enhance the environmental performance of adipic acid production. These sustainability initiatives align with global efforts to promote circular economy practices and achieve long-term environmental goals. By focusing on sustainable production methods, the adipic acid industry is addressing both regulatory requirements and consumer demand for environmentally responsible products.

What Are the Key Drivers of Market Growth?

The growth in the adipic acid market is driven by several factors. Technological advancements in production processes enhance efficiency and yield, meeting the increasing demand for high-quality adipic acid. The expansion of industries such as automotive, textiles, chemicals, and food and beverage drives the demand for adipic acid. The growing emphasis on sustainability and the development of bio-based production methods address environmental concerns and regulatory requirements. The rising use of adipic acid in emerging applications, such as in the production of biodegradable plastics and renewable chemicals, further propels market growth. Additionally, investments in research and development by manufacturers foster innovation and the introduction of advanced production technologies. These factors collectively drive the dynamic and rapidly evolving adipic acid market.

SCOPE OF STUDY:

The report analyzes the Adipic Acid market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Application (Nylon 6,6, Polyurethanes, Adipic Esters, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 24 Featured) -

• Asahi Kasei Corporation
• Ascend Performance Materials LLC
• BASF SE
• BioAmber Inc.
• Genomatica Inc.
• Huafon Group Co. Ltd.
• INVISTA
• LANXESS AG
• PetroChina Company Ltd.
• Radici Partecipazioni SpA
• Shandong Haili Chemical Industry Co. Ltd.
• Shandong Hongye Chemical Group Co. Ltd.
• Solvay SA
• Sumitomo Shoji Chemical Co. Ltd.
• Tokyo Chemical Industry Co. Ltd.
• Verdezyne, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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