Adipic Acid Market Analysis of Sales, Revenue, Share and Growth Rate to 2021

Adipic acid has been incorporated into controlled-release tablets to obtain a pH-independent release for both weakly
basic and weakly acidic drugs. It has also been incorporated into polymeric coatings of hydrophilic monolithic systems
to modulate the pH, resulting in zero-order release of a hydrophilic drug.
Increasing applications in paints & coatings, synthetic fibers, and low-temperature lubricants are expected to positively
affect the industry. Growing paints & coatings demand due to increasing infrastructure spending is expected to boost
market growth. It is mainly produced from petroleum derivatives such as cyclohexane, benzene, and phenol as its
occurrence in nature is very rare.
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Adipic acid having high purity grade is used for processing polyurethane and the one maintaining low purity grade is
utilized for polyurethane production. Polyurethane is expected to grow at a significant growth rate over the forecast
period. Nylon resin has wide application scope in footwear and thermal insulation industries. Global Adipic Acid
Industry is classified, by application into Nylon 6, 6 Fiber, Nylon 6, 6 Resin, Polyurethane, Adipate Esters, and others.
Nylon 6, 6 Fiber was the largest application segment in terms of volume. Increasing demand from automotive industry
is expected to lead this application segment. It is used in manufacturing automotive components and as a flavorant
and gelling aid in food & beverage industry due to changing habits joined with population expansion is expected to
increase the adipic acid market size over the forecast period.
Nylon 6, 6 resins are expected to grow at highest CAGR over the forecast period. Increasing resin demand from
footwear industry is expected to drive the demand for the application segment in the global adipic acid market.
Polyurethane is expected to develop as the fastest growing application with projected CAGR over the forecast period.
Polyurethane is widely used for thermal insulation. Global Adipic Acid Market is segmented, geographically into North
America, Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
In terms of production and consumption APEJ is the biggest market for the adipic acid. The main markets in APEJ region
include India and China, which are estimated to exhibit double digit CAGR due to comparatively relaxed regulation and
high demand from the automotive manufacturers markets followed by APEJ.