Published :
Tables : 43
Figures : 40
Category : Chemicals & Advanced Materials
No. of Pages : 210
Report Code : CAM1032
Adipic Acid Market is estimated to value over USD 8.7 billion by 2029 end and register a CAGR of over 4.9% from 2020 to 2029. Growth of the nylon 66 market is likely to have a positive impact on the adipic acid market demand globally. Nylon 66 accounts for a majority share in adipic acid’s demand. Rapidly growing consumer electronics industry in Asia is also one of the major factors contributing to industrial development. The escalating demand for adipic acid from automotive, electrical & electronics, consumer goods, and appliances industry is one of the chief drivers for this market. The extensive research and development in textile production technology are also one of the key factors influencing this market. The companies are focusing on developing high quality, durable, lightweight and high absorption capacity fibers that are capable of enduring extreme conditions such as high temperatures and are chemically inert as well. This market has witnessed significant growth in the recent decade and the trend is anticipated to continue for the forecast period. However, the presence of stringent environmental regulations in different regions and the rise of hybrid fibers is expected to restrain this market. The Asia Pacific region holds excellent potential for the market penetration as adipic acid’s supply in this region is disrupted owing to low spot prices. Moreover, the region has business-friendly atmosphere and is close to the nylon and polyurethane manufacturing industry. The product demand in this region is expected to soar by the end of the forecast period. Adipic acid manufacturers are currently strategizing to physically position themselves between raw material supply hub and end-use industries to attain optimum growth and profit margins. Major adipic acid manufacturers and distributors operating around the globe include: Asahi Kasei Corporation, BASF SE, Invista, Lanxess AG, and Ascend Performance Materials LLC. Adipic Acid Market Segmentation: By Application Polyamide/Nylon 66 Engineering Plastics Automotive Packaging Films & Coating Industrial/Machinery Electrical & Electronics Consumer Goods Appliances Wire & Cable Others By Fibers Textile Filament Industrial Filament Carpet Filament Staple Fiber Polyurethanes Adipic/Adipate Esters (Plasticizers) Others By Region North America Europe Asia Pacific Latin America Rest of the World Competitive Landscape: Tier 1 players- established companies in the market with a major market share Tier 2 players Emerging players which are growing rapidly New Entrants FutureWise Takeaways: Growth prospects SWOT analysis Key trends Key data points affecting market growth Objectives of the Study: To provide an exhaustive analysis on the global adipic acid market by application type, by fibres and by region To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) To evaluate and forecast micro-markets and the overall market To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the rest of the world To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions Profiling of companies to evaluate their market shares, strategies, financials and core competencies
Growth of the nylon 66 market is likely to have a positive impact on the adipic acid market demand globally. Nylon 66 accounts for a majority share in adipic acid’s demand. Rapidly growing consumer electronics industry in Asia is also one of the major factors contributing to industrial development.
The escalating demand for adipic acid from automotive, electrical & electronics, consumer goods, and appliances industry is one of the chief drivers for this market. The extensive research and development in textile production technology are also one of the key factors influencing this market. The companies are focusing on developing high quality, durable, lightweight and high absorption capacity fibers that are capable of enduring extreme conditions such as high temperatures and are chemically inert as well. This market has witnessed significant growth in the recent decade and the trend is anticipated to continue for the forecast period. However, the presence of stringent environmental regulations in different regions and the rise of hybrid fibers is expected to restrain this market.
The Asia Pacific region holds excellent potential for the market penetration as adipic acid’s supply in this region is disrupted owing to low spot prices.
Moreover, the region has business-friendly atmosphere and is close to the nylon and polyurethane manufacturing industry. The product demand in this region is expected to soar by the end of the forecast period.
Adipic acid manufacturers are currently strategizing to physically position themselves between raw material supply hub and end-use industries to attain optimum growth and profit margins.
Major adipic acid manufacturers and distributors operating around the globe include:
Asahi Kasei Corporation, BASF SE, Invista, Lanxess AG, and Ascend Performance Materials LLC.
Adipic Acid Market Segmentation:
By Application
By Fibers
By Region
Competitive Landscape:
FutureWise Takeaways:
Objectives of the Study:
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