Adipic Acid Market Analysis of Sales, Revenue, Share and Growth Rate to 2021
Adipic Acid Market - Global Adipic Acid Industry Growth, Analysis, Size, Share, Forecast, Outlook, Segmentation, Production Capacity, Competitive Strategies, Regional Outlook
Adipic Acid Market - Global Adipic Acid Industry Growth, Analysis, Size, Share, Forecast, Outlook, Segmentation, Production Capacity, Competitive Strategies, Regional Outlook
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<strong>Adipic</strong> <strong>Acid</strong> <strong>Market</strong> <strong>Analysis</strong> <strong>of</strong> <strong>Sales</strong>, <strong>Revenue</strong>, <strong>Share</strong> <strong>and</strong><br />
<strong>Growth</strong> <strong>Rate</strong> <strong>to</strong> <strong>2021</strong><br />
<strong>Adipic</strong> <strong>Acid</strong> <strong>Market</strong> report includes in-depth analysis <strong>of</strong> industry by recent<br />
technologies, trends, opportunities, challenges, key players <strong>and</strong> business<br />
strategies considering types, segment <strong>and</strong> future analysis.<br />
Global <strong>Adipic</strong> <strong>Acid</strong> <strong>Market</strong> is segmented on the basis <strong>of</strong> application, <strong>and</strong> region. <strong>Adipic</strong> acid is a white crystalline<br />
powder. This organic compound with the formula (CH2)4(COOH)2 is the most important synthetic dicarboxylic acid<br />
annually produced, mainly used as a precursor for the production <strong>of</strong> nylon. <strong>Adipic</strong> acid is also used in the chemical<br />
industry <strong>to</strong> produce other polymers, coatings, plasticizers <strong>and</strong> detergents.<br />
His<strong>to</strong>rically, adipic acid was prepared from various fats by oxidation. Presently, adipic acid is made from a mixture <strong>of</strong><br />
cyclohexanone <strong>and</strong> cyclohexanol called “KA oil” (ke<strong>to</strong>ne-alcohol oil). The KA oil is oxidized using nitric acid <strong>to</strong> produce<br />
adipic acid, via a multistep pathway. About 2.5 billion kilograms <strong>of</strong> this white crystalline powder is produced annually,<br />
mainly as a precursor for the production <strong>of</strong> nylon.<br />
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<strong>Adipic</strong> acid has been incorporated in<strong>to</strong> controlled-release tablets <strong>to</strong> obtain a pH-independent release for both weakly<br />
basic <strong>and</strong> weakly acidic drugs. It has also been incorporated in<strong>to</strong> polymeric coatings <strong>of</strong> hydrophilic monolithic systems<br />
<strong>to</strong> modulate the pH, resulting in zero-order release <strong>of</strong> a hydrophilic drug.<br />
Increasing applications in paints & coatings, synthetic fibers, <strong>and</strong> low-temperature lubricants are expected <strong>to</strong> positively<br />
affect the industry. Growing paints & coatings dem<strong>and</strong> due <strong>to</strong> increasing infrastructure spending is expected <strong>to</strong> boost<br />
market growth. It is mainly produced from petroleum derivatives such as cyclohexane, benzene, <strong>and</strong> phenol as its<br />
occurrence in nature is very rare.<br />
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<strong>Adipic</strong> acid having high purity grade is used for processing polyurethane <strong>and</strong> the one maintaining low purity grade is<br />
utilized for polyurethane production. Polyurethane is expected <strong>to</strong> grow at a significant growth rate over the forecast<br />
period. Nylon resin has wide application scope in footwear <strong>and</strong> thermal insulation industries. Global <strong>Adipic</strong> <strong>Acid</strong><br />
Industry is classified, by application in<strong>to</strong> Nylon 6, 6 Fiber, Nylon 6, 6 Resin, Polyurethane, Adipate Esters, <strong>and</strong> others.<br />
Nylon 6, 6 Fiber was the largest application segment in terms <strong>of</strong> volume. Increasing dem<strong>and</strong> from au<strong>to</strong>motive industry<br />
is expected <strong>to</strong> lead this application segment. It is used in manufacturing au<strong>to</strong>motive components <strong>and</strong> as a flavorant<br />
<strong>and</strong> gelling aid in food & beverage industry due <strong>to</strong> changing habits joined with population expansion is expected <strong>to</strong><br />
increase the adipic acid market size over the forecast period.<br />
Nylon 6, 6 resins are expected <strong>to</strong> grow at highest CAGR over the forecast period. Increasing resin dem<strong>and</strong> from<br />
footwear industry is expected <strong>to</strong> drive the dem<strong>and</strong> for the application segment in the global adipic acid market.<br />
Polyurethane is expected <strong>to</strong> develop as the fastest growing application with projected CAGR over the forecast period.<br />
Polyurethane is widely used for thermal insulation. Global <strong>Adipic</strong> <strong>Acid</strong> <strong>Market</strong> is segmented, geographically in<strong>to</strong> North<br />
America, Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East <strong>and</strong> Africa.<br />
In terms <strong>of</strong> production <strong>and</strong> consumption APEJ is the biggest market for the adipic acid. The main markets in APEJ region<br />
include India <strong>and</strong> China, which are estimated <strong>to</strong> exhibit double digit CAGR due <strong>to</strong> comparatively relaxed regulation <strong>and</strong><br />
high dem<strong>and</strong> from the au<strong>to</strong>motive manufacturers markets followed by APEJ.
Middle East <strong>and</strong> Africa, which will be a main participant in the <strong>Adipic</strong> <strong>Acid</strong> market in future. North America is one <strong>of</strong><br />
the largest markets for adipic acid in terms <strong>of</strong> consumption. Though, the dem<strong>and</strong> in this region is diffident <strong>and</strong> is<br />
expected <strong>to</strong> exhibit a diffident growth in forthcoming years for adipic acid due <strong>to</strong> its high dem<strong>and</strong> in the au<strong>to</strong>motive<br />
industry, but the market in this region is limited due <strong>to</strong> the presence <strong>of</strong> strict regulations.<br />
Global <strong>Adipic</strong> <strong>Acid</strong> <strong>Market</strong> key players are DSM, Ascend Performance Materials Inc., BASF SE, Verdezyne, PetroChina<br />
Liaoyang Petrochemical, Rennovia, Sumi<strong>to</strong>mo Chemical Co. Ltd, Asahi Kasei Corporation, Invista, laxness Ag, <strong>and</strong><br />
Rhodia.<br />
See More Reports <strong>of</strong> this Category by Million Insights @:<br />
https://www.millioninsights.com/industry/chemicals<br />
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