Adipic Acid Market Size
The global adipic acid market is profiled in great detail in the latest research report from Market Research Future (MRFR), providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects over the forecast period from 2020 to 2027. The historical stats of the adipic acid market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the adipic acid market’s growth trajectory over the forecast period are provided in the report. The leading players in the global adipic acid market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global adipic acid market. The major drivers and restraints affecting the global adipic acid market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.
Adipic acid is a crystalline organic acid containing six carbon atoms and two carboxylate groups. It is widely used in the production of nylon 6,6. The increasing demand for nylon 6,6 fibers in the production of packaging products is likely to be a major driver for the global adipic acid market over the forecast period. The growing packaging industry is likely to be a major driver for the global adipic acid market due to the growing demand for water-resistant plastic products in the packaging industry. Nylon 6,6 fibers are also used in electrical and electronics applications, the construction industry, as well as the automotive industry. This is likely to be a major driver for the Adipic Acid Market Size over the forecast period.
The increasing demand for biodegradable biobased plastics is also likely to be a major driver for the global adipic acid market over the forecast period.
Competitive Leaderboard:
Leading players in the global adipic acid market include Shandong Hongye Chemical Company Ltd., BioAmber Inc., Sumitomo Chemical Co. Ltd., Solvay SA, Radici Partecipazioni SpA, Lanxess, BASF SE, Ascend Performance Materials, Asahi Kasei Corporation, PetroChina Company Ltd., and INVISTA.
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Segmentation:
The global adipic acid market is segmented on the basis of application, end use, and region.
By application, the global adipic acid market is segmented into polyurethane, nylon 6,6 fiber, nylon 6,6 resin, adipate esters, and others. The nylon 6,6 fiber segment holds a dominant 62% share in the global adipic acid market and is likely to remain the major part of the global adipic acid market over the forecast period. The widespread applicability of nylon 6,6 fibers in the packaging, electronics, and automotive industries is likely to be a major driver for the global adipic acid market over the forecast period. The polyurethane segment also holds an important share in the global adipic acid market. The growing demand for polyurethane in the packaging industry is likely to be a major driver for the global adipic acid market over the forecast period. The increasing demand for biobased polyurethane is likely to be a major driver for the adipic acid market.
By end use, the global adipic acid market is segmented into automotive, electrical and electronics, packaging and consumer goods, building and construction, textiles, and others. The automotive industry is likely to remain a major end-use consumer of adipic acid due to the growing use of plastic components in automotive design. The packaging industry is also likely to remain a major end user in the global adipic acid market over the forecast period.
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Regional Analysis:
Asia Pacific held the largest share in the global adipic acid market in 2016. The growing urbanization in the region has led to a growing demand for plastics and nylon in the region, which is likely to remain the major driver for the regional market for adipic acid.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Adipic Acid Market
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