Adipic Acid Market: Industry Trends, Share, Size and Forecast Report

Overview

Global Adipic Acid Market is estimated to value over USD 8.7 billion by 2029 end and register a CAGR of over 4.9% from 2019 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 the adipic acid market. The extensive research and development in textile production technology are also one of the key factors influencing the adipic acid 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. Adipic acid 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 the adipic acid 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.

Market Segmentation:

1. By Application

Polyamide/Nylon 66
Engineering Plastics
Automotive
Packaging Films & Coating
Industrial/Machinery
Electrical & Electronics
Consumer Goods
Appliances
Wire & Cable
Others

2. By Fibers

Textile Filament
Industrial Filament
Carpet Filament
Staple Fiber
Polyurethanes
Adipic/Adipate Esters (Plasticizers)
Others

3. 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