The global adipic acid market was valued at $6.1 billion in 2018. The growth of the market is owing to the extensive utilisation of these acids in manufacturing process of plasticizers, polyurethanes, pharmaceuticals and food additives. Adipic acid is considered to be commercially viable aliphatic dicarboxylic acids as it acts as a feedstock for the manufacturing of industrial fibers. It can also be extracted from butadiene carbonylation as there has been rampant demand observed for strong, chemically resilient and durable fibers for manufacturing of automotive components.
Adipic acid acts as a raw material for the development of Nylon 6.6 polyamides that is considered to be a vital substance for industrial use. It is produced using products that are extracted from phenol, benzene and cyclohexane. The lower purity grade adipic acid are used for developing polyurethane on the other hand high purity grade is used in the production of nylon. Moreover, manufacturers are rapidly incurring expenditure on technological advancements to produce adipic acid and bio-based adipic acid that is further creating ample opportunities for global adipic acid market to grow at rapid pace.
Flourishing construction industry globally is the key factor pertaining towards the aggravate growth of the global adipic acid market owing to rapid acceptance of adipic acid in building components such as insulation materials, exterior panels and housing electronics. However, stringent regulatory reforms and volatility in the prices of raw material are the key factors that are anticipated to hamper the growth of the global adipic acid market at rapid pace.
Adipic acid is gaining acceptance for the synthesis of nylon and nylon is developed by reaction of hexamethylene diamine and adipic acid. Further nylon is seeking acceptance in various industry domains such as plastics, fibers, food packaging materials and filaments. Adipic acid is used in drug tablets in order to control release of basic drug and acidic compounds that controls the release of compounds and restrain its flow that helps the consumers to avoid consuming drugs in shorter duration of time. In food industry adipic acid is used as both a gelling aid and flavouring aid.
Adipic acid market forecast 2020 – 2030 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the adipic acid manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
On the basis of application, the global adipic acid market is categorized into nylon 6,6 resin, nylon 6,6 fiber, adipate esters, polyurethane, and others. Amongst these segments, nylon 6,6 is expected to generate highest CAGR of during the forecast period since major proportion of adipic acid is used for the production of nylon 6,6.
Based on end-use industry, the global adipic acid market is categorized into automotive, electrical and electronics, textiles, food and beverages, personal care, pharmaceutical, and others. Of all, the automotive category holds the largest share in the market in 2018, owing to the increasing manufacturing activities in automobile sector in the APAC region.
Adipic acid market in North America is estimated to contribute largest market revenue by 2030 owing to rampant demand for these acids from food and beverage, and pharmaceutical industries. Additionally, rampant technological innovations and huge investments incurred are the key factors driving the growth of adipic acid in this region.
Adipic acid market in Asia-Pacific is expected to witness highest CAGR of during the forecast period owing to propelling automotive domain in the region and less imposition of rules and regulations by the regulatory reforms. Additionally, ease of doing business in countries such as India is creating ample opportunities for adipic acid market to flourish in this region at significant rate.
The report also offers the insights for the European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
The eminent key players in the global adipic acid market are extending their product portfolios, undertaking product innovations and technological upgradations that are enabling the manufacturers to gain competitive advantage across the globe.
Some of the players having prominent presence in the global adipic acid market include Rhodia, Shandong Hongye Chemical Company, Ltd, Sumitomo Chemical Co., Ltd, Asahi Kasei Corporation, BASF SE, Radici Partecipazioni SpA, Lanxess AG, Ascend Performance Materials, Shandong Haili Chemical Industry Company Ltd., INVISTA, Solvay S.A., and PetroChina Liaoyang Petrochemical.
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1. Research Overview
1.1. Objective
1.2. Global Adipic Acid Market Overview
1.3. Market Segmentation
1.3.1. By Application
1.3.2. By End-Use Industry
1.4. Benefits to Stakeholders
1.5. Key Questions Answered by the Report
1.6. Frequently Asked Questions
2. Research Methodology
2.1.1. Secondary Research
2.1.1.1. Key secondary research sources
2.1.2. Primary Research
2.1.2.1. Split of primary research respondents
2.1.2.1.1. By industry participant
2.1.2.1.2. By region
2.1.2.1.3. By company type
2.1.3. Market Estimation and Forecast Methodology
2.1.4. Data Exploration and Validation
2.1.5. Limitations and Assumptions for the Study
3. Introduction to the Adipic Acid Market
3.1. Market Definition
3.2. By Application
3.2.1. Nylon 6,6 Resin
3.2.2. Nylon 6,6 Fiber
3.2.3. Adipate Esters
3.2.4. Polyurethane
3.2.5. Others
3.3. By End-Use Industry
3.3.1. Automotive
3.3.2. Electrical & Electronics
3.3.3. Textiles
3.3.4. Food & Beverages
3.3.5. Personal Care
3.3.6. Pharmaceutical
3.3.7. Others
4. Adipic Acid Market Analysis
4.1. Industry Outlook
4.2. Value Chain Analysis
4.2.1. Introduction
4.2.2. Research & Development
4.2.3. Raw Material Procurement
4.2.4. Manufacturing
4.2.5. Marketing
4.2.6. Distribution
4.2.7. End-Use
4.3. Technology Overview
4.4. Regulatory Framework
4.5. PESTEL Analysis
4.6. Opportunity Analysis
4.7. Supply Chain Analysis
4.8. Porter’s Five Forces Analysis
4.9. Market Dynamics
4.9.1. Drivers
4.9.1.1. Increasing utilization of these acids in manufacturing process of plasticizers, polyurethanes, pharmaceuticals and food additives
4.9.1.2. Adipic acid is witnessing huge acceptance from various other industries
4.9.1.3. Increasing manufacturing activities in automobile sector in the APAC region
4.9.1.4. Increasing demand from construction industry
4.9.2. Restraints
4.9.2.1. Stringent regulatory reforms
4.9.2.2. Volatility in the prices of raw material
4.9.3. Trends
4.9.3.1. Increasing commercial use of bio-adipic acid
4.9.4. Opportunities
4.9.4.1. Emerging countries offers huge opportunity
4.10. SWOT Analysis of the Adipic Acid Market
4.10.1. Strength
4.10.2. Weakness
4.10.3. Opportunity
4.10.4. Threat
5. Adipic Acid: Global Market
5.1. Global Adipic Acid Market Forecast 2020 – 2030
5.2. Global Adipic Acid Market Forecast, by Application, 2020 – 2030
5.3. Global Adipic Acid Market Forecast, by End-Use Industry, 2020 – 2030
5.4. Global Adipic Acid Market Forecast, by Region, 2020 – 2030
5.4.1. Asia-Pacific
5.4.2. Europe
5.4.3. North America
5.4.4. Latin America
5.4.5. Middle East & Africa
6. Adipic Acid: Asia-Pacific Market
6.1. China Adipic Acid Market
6.1.1. China Adipic Acid Market, by Application Forecast, 2020 – 2030
6.1.2. China Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
6.2. Japan Adipic Acid Market
6.2.1. Japan Adipic Acid Market, by Application Forecast, 2020 – 2030
6.2.2. Japan Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
6.3. India Adipic Acid Market
6.3.1. India Adipic Acid Market, by Application Forecast, 2020 – 2030
6.3.2. India Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
6.4. Australia Adipic Acid Market
6.4.1. Australia Adipic Acid Market, by Application Forecast, 2020 – 2030
6.4.2. Australia Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
6.5. South Korea Adipic Acid Market
6.5.1. South Korea Adipic Acid Market, by Application Forecast, 2020 – 2030
6.5.2. South Korea Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
6.6. Indonesia Adipic Acid Market
6.6.1. Indonesia Adipic Acid Market, by Application Forecast, 2020 – 2030
6.6.2. Indonesia Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
6.7. Singapore Adipic Acid Market
6.7.1. Singapore Adipic Acid Market, by Application Forecast, 2020 – 2030
6.7.2. Singapore Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
6.8. Taiwan Adipic Acid Market
6.8.1. Taiwan Adipic Acid Market, by Application Forecast, 2020 – 2030
6.8.2. Taiwan Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
6.9. Rest of Asia-Pacific Adipic Acid Market
6.9.1. Rest of Asia-Pacific Adipic Acid Market, by Application Forecast, 2020 – 2030
6.9.2. Rest of Asia-Pacific Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
7. Adipic Acid: European Market
7.1. Germany Adipic Acid Market
7.1.1. Germany Adipic Acid Market, by Application Forecast, 2020 – 2030
7.1.2. Germany Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
7.2. U.K. Adipic Acid Market
7.2.1. U.K. Adipic Acid Market, by Application Forecast, 2020 – 2030
7.2.2. U.K. Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
7.3. France Adipic Acid Market
7.3.1. France Adipic Acid Market, by Application Forecast, 2020 – 2030
7.3.2. France Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
7.4. Spain Adipic Acid Market
7.4.1. Spain Adipic Acid Market, by Application Forecast, 2020 – 2030
7.4.2. Spain Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
7.5. Italy Adipic Acid Market
7.5.1. Italy Adipic Acid Market, by Application Forecast, 2020 – 2030
7.5.2. Italy Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
7.6. Russia Adipic Acid Market
7.6.1. Russia Adipic Acid Market, by Application Forecast, 2020 – 2030
7.6.2. Russia Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
7.7. Rest of Europe Adipic Acid Market
7.7.1. Rest of Europe Adipic Acid Market, by Application Forecast, 2020 – 2030
7.7.2. Rest of Europe Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
8. Adipic Acid: North American Market
8.1. U.S. Adipic Acid Market
8.1.1. U.S. Adipic Acid Market, by Application Forecast, 2020 – 2030
8.1.2. U.S. Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
8.2. Canada Adipic Acid Market
8.2.1. Canada Adipic Acid Market, by Application Forecast, 2020 – 2030
8.2.2. Canada Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
9. Adipic Acid: Latin American Market
9.1. Brazil Adipic Acid Market
9.1.1. Brazil Adipic Acid Market, by Application Forecast, 2020 – 2030
9.1.2. Brazil Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
9.2. Mexico Adipic Acid Market
9.2.1. Mexico Adipic Acid Market, by Application Forecast, 2020 – 2030
9.2.2. Mexico Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
9.3. Argentina Adipic Acid Market
9.3.1. Argentina Adipic Acid Market, by Application Forecast, 2020 – 2030
9.3.2. Argentina Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
9.4. Chile Adipic Acid Market
9.4.1. Chile Adipic Acid Market, by Application Forecast, 2020 – 2030
9.4.2. Chile Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
9.5. Colombia Adipic Acid Market
9.5.1. Colombia Adipic Acid Market, by Application Forecast, 2020 – 2030
9.5.2. Colombia Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
9.6. Rest of Latin American Adipic Acid Market
9.6.1. Rest of Latin American Adipic Acid Market, by Application Forecast, 2020 – 2030
9.6.2. Rest of Latin American Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
10. Adipic Acid: MEA Market
10.1. Saudi Arabia Adipic Acid Market
10.1.1. Saudi Arabia Adipic Acid Market, by Application Forecast, 2020 – 2030
10.1.2. Saudi Arabia Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
10.2. South Africa Adipic Acid Market
10.2.1. South Africa Adipic Acid Market, by Application Forecast, 2020 – 2030
10.2.2. South Africa Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
10.3. U.A.E. Adipic Acid Market
10.3.1. U.A.E. Adipic Acid Market, by Application Forecast, 2020 – 2030
10.3.2. U.A.E. Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
10.4. Rest of MEA Adipic Acid Market
10.4.1. Rest of MEA Adipic Acid Market, by Application Forecast, 2020 – 2030
10.4.2. Rest of MEA Adipic Acid Market, by End-Use Industry Forecast, 2020 – 2030
11. Competition in Adipic Acid Market
11.1. Production Capacity of Major Players
11.2. Price Trend Analysis
11.3. Raw Material Price Analysis
11.4. Company Share Analysis
11.5. Product and Competitive Benchmarking
11.6. Strategic Development Analysis of Major Players
11.6.1. Partnerships/Collaborations/Agreements
11.6.2. Mergers & Acquisitions
11.6.3. New Product Launches
11.6.4. Other Developments
12. Leading Companies
12.1. Rhodia
12.1.1. Company Overview
12.1.2. Product & Services Offerings
12.1.3. Financial Overview
12.1.4. Recent Developments
12.2. Shandong Hongye Chemical Company, Ltd
12.2.1. Company Overview
12.2.2. Product & Services Offerings
12.2.3. Financial Overview
12.2.4. Recent Developments
12.3. Sumitomo Chemical Co., Ltd
12.3.1. Company Overview
12.3.2. Product & Services Offerings
12.3.3. Financial Overview
12.3.4. Recent Developments
12.4. Asahi Kasei Corporation
12.4.1. Company Overview
12.4.2. Product & Services Offerings
12.4.3. Financial Overview
12.4.4. Recent Developments
12.5. BASF SE
12.5.1. Company Overview
12.5.2. Product & Services Offerings
12.5.3. Financial Overview
12.5.4. Recent Developments
12.6. Radici Partecipazioni SpA
12.6.1. Company Overview
12.6.2. Product & Services Offerings
12.6.3. Financial Overview
12.6.4. Recent Developments
12.7. Lanxess AG
12.7.1. Company Overview
12.7.2. Product & Services Offerings
12.7.3. Financial Overview
12.7.4. Recent Developments
12.8. Ascend Performance Materials
12.8.1. Company Overview
12.8.2. Product & Services Offerings
12.8.3. Financial Overview
12.8.4. Recent Developments
12.9. Shandong Haili Chemical Industry Company Ltd.
12.9.1. Company Overview
12.9.2. Product & Services Offerings
12.9.3. Financial Overview
12.9.4. Recent Developments
12.10. INVISTA
12.10.1. Company Overview
12.10.2. Product & Services Offerings
12.10.3. Financial Overview
12.10.4. Recent Developments
12.11. Solvay S.A.
12.11.1. Company Overview
12.11.2. Product & Services Offerings
12.11.3. Financial Overview
12.11.4. Recent Developments
12.12. PetroChina Liaoyang Petrochemical
12.12.1. Company Overview
12.12.2. Product & Services Offerings
12.12.3. Financial Overview
12.12.4. Recent Developments
13. Conclusion and Recommendation
13.1. Market Outlook
13.2. Recommendation
14. Glossary
Note: Financial overview and recent developments of different companies are subject to availability of information in secondary domain.
Rhodia
Shandong Hongye Chemical Company, Ltd
Sumitomo Chemical Co., Ltd
Asahi Kasei Corporation
BASF SE
Radici Partecipazioni SpA
Lanxess AG
Ascend Performance Materials
Shandong Haili Chemical Industry Company Ltd.
INVISTA
Solvay S.A.
PetroChina Liaoyang Petrochemical
Visiongain Chemicals
Visiongain Chemicals
Visiongain Chemicals
