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    Adipic Acid Market Size, Share & Forecast | 2020-25

    Adipic Acid Market Size, Share & Forecast | 2020-25
    Report code - SRAM203 Delivery - 2 Weeks
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    Adipic Acid Market Insights 

    Adipic acid market is likely to witness a healthy CAGR of 4.2% during the forecast period. The global adipic acid market, along with its end products, has registered a direct growth in the previous few years. This growth is expected to surge in the upcoming years. The sturdiness, quality, lightweight properties, remarkable energy absorbing characteristics, an upward in the claim for durable polyamide 66, and the forthcoming safety protocols & innovative procedures for its usage will be the prime driving factors for the global market with the enhanced prominence on its different types and applications.

    Adipic Acid Market Share: By Material Type

    Based on the material type, the market is segmented as engineering plastics & fibers. The engineering plastics segment is further sub-segmented into automotive, packaging films & coatings, industrial/machinery, electrical & electronics, consumer goods, appliances, wire & cable, and others. About 13.7% of the total demand was registered from the automotive sub-segment in 2012, followed by the consumer goods application sub-segment as the most speedily developing segment in the global adipic acid market.   

    Adipic Acid Market Share: By Application Type

    Based on the application type, the market is segmented as polyamide/nylon 66, polyurethanes, adipic/adipate esters, and others. The polyamide 66 application segment is estimated to be the largest-application owing to its specific properties and also on account of the growing demand for lightweight polyamide 66 majorly from the auto component manufacturers.

    Adipic Acid Market Share: By Region

    In terms of regions, presently, the Asia-Pacific region is the largest consumer of adipic acid. China and Japan are the growth engines of the region with the largest share in the regional volumetric consumption of adipic acid in 2012. The market volume of the acid is relatively low in the European region, and is expected to flourish with a low growth of 1.8% during the forecast period.

    Some of the major players in the adipic acid market are Asahi Kasei Corporation, Ascend Performance Materials Inc., BASF SE, Invista, Lanxess Aktiengesellschaft, Petrochina Liaoyang Petrochemical, Radici Group, Rhodia, Shandong Haili Chemical Industry Company, Ltd. (BOHUI), and Shandong Hongye Chemical Company, Ltd.

     

    Market Scope & Segmentation

    Adipic Acid, better known as Hexanedioic acid has a white crystalline structure. Carbon, oxygen, and hydrogen together result in Adipic acid that has the chemical formula C6H10O4. Talking about the properties of the acid, it is corrosive in nature and also flammable. Also, the substance is biodegradable and can cause irritation in the lungs when inhaled.

    Adipic acid is used mostly in nylon preparation along with other products such as polyurethanes and more. It is mostly used in manufacturing blood bags and food wraps. Also, it is highly used in the pharmaceutical as well as in the automotive industry. Adipic acid can be produced from a number of options such as waste agricultural products, acetylene, and benzene.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Adipic Acid Market Research Report – Features

    Market Segmentation

    3 ways

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    The adipic acid market is segmented into the following categories. 

    Adipic Acid Market Size, Share & Forecast, by Application Type:

    • Polyamide/Nylon 66 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyurethanes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Adipic/Adipate Esters (Plasticizers) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Adipic Acid Market Size, Share & Forecast, by Material Type:

    • Engineering Plastics
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Material Type Analysis: Automotive, Packaging Films & Coatings, Industrial/Machinery, Electrical & Electronics, Consumer Goods, Appliances, Wire & Cable, and Others)
    • Fibers
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Material Type Analysis: Textile Filament, Industrial Filament, Carpet Filament, and Staple Filament)

    Adipic Acid Market Size, Share & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the material types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


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