Global Adipic Acid Market Growth 2023-2029

Global Adipic Acid Market Growth 2023-2029

Adipic acid is a white, crystalline, slightly water-soluble solid with the formula (CH2)4(COOH)2. It is the most important of the commercially available aliphatic dicarboxylic acids from the industrial perspective. Commercial adipic acid is produced from cyclohexane, cyclohexene, or phenol. Nylon 66 is the largest application segment of adipic acid. The increasing demand of automotive industry, electrical & electronics industry and footwear industry is anticipated to drive the demand of adipic acid. It is also used in polyurethane, adipic esters, plasticizers, food additives, and pharmaceuticals.

LPI (LP Information)' newest research report, the “Adipic Acid Industry Forecast” looks at past sales and reviews total world Adipic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Adipic Acid sales for 2023 through 2029. With Adipic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Adipic Acid industry.

This Insight Report provides a comprehensive analysis of the global Adipic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Adipic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Adipic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Adipic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Adipic Acid.

The global Adipic Acid market size is projected to grow from US$ 5606.3 million in 2022 to US$ 7662.3 million in 2029; it is expected to grow at a CAGR of 7662.3 from 2023 to 2029.

Asia-Pacific is the largest Adipic Acid market with about 45% market share. North America is follower, accounting for about 28% market share.

The key players are Invista, Solvay, Ascend, BASF, Radici, Asahi Kasei, Lanxess, Haili, Huafon, Shenma Industrial, Hualu Hengsheng, Liaoyang Sinopec, Hongye, Tianli, Yangmei Fengxi, Zhejiang Shuyang, Kailuan Group etc. Top 5 companies occupied about 47% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Adipic Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Cyclohexane Oxidation

Cyclohexene Oxidation

Phenol Hydrogenation

Segmentation by application

Nylon 6,6

Polyurethanes

Adipic Esters

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Invista

Solvay

Ascend

BASF

Radici

Asahi Kasei

Lanxess

Haili

Huafon

Shenma Industrial

Hualu Hengsheng

Liaoyang Sinopec

Hongye

Tianli

Yangmei Fengxi

Zhejiang Shuyang

Kailuan Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Adipic Acid market?

What factors are driving Adipic Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Adipic Acid market opportunities vary by end market size?

How does Adipic Acid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.