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According to our LPI (LP Information) latest study, the global Adipic Acid market size was valued at US$ 5606.3 million in 2023. With growing demand in downstream market, the Adipic Acid is forecast to a readjusted size of US$ 7662.3 million by 2030 with a CAGR of 4.6% during review period.
The research report highlights the growth potential of the global Adipic Acid market. Adipic Acid are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Adipic Acid. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Adipic Acid market.
Adipic acid is a white, crystalline, slightly water-soluble solid with the formula (CH2)4(COOH)2. It is the most important of the commercially available aliphatic dicarboxylic acids from the industrial perspective. Commercial adipic acid is produced from cyclohexane, cyclohexene, or phenol. Nylon 66 is the largest application segment of adipic acid. The increasing demand of automotive industry, electrical & electronics industry and footwear industry is anticipated to drive the demand of adipic acid. It is also used in polyurethane, adipic esters, plasticizers, food additives, and pharmaceuticals.
Asia-Pacific is the largest Adipic Acid market with about 45% market share. North America is follower, accounting for about 28% market share.
The key players are Invista, Solvay, Ascend, BASF, Radici, Asahi Kasei, Lanxess, Haili, Huafon, Shenma Industrial, Hualu Hengsheng, Liaoyang Sinopec, Hongye, Tianli, Yangmei Fengxi, Zhejiang Shuyang, Kailuan Group etc. Top 5 companies occupied about 47% market share.
Key Features:
The report on Adipic Acid market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Adipic Acid market. It may include historical data, market Segmentation by Type (e.g., Cyclohexane Oxidation, Cyclohexene Oxidation), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Adipic Acid market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Adipic Acid market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Adipic Acid industry. This include advancements in Adipic Acid technology, Adipic Acid new entrants, Adipic Acid new investment, and other innovations that are shaping the future of Adipic Acid.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Adipic Acid market. It includes factors influencing customer ' purchasing decisions, preferences for Adipic Acid product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Adipic Acid market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Adipic Acid market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Adipic Acid market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Adipic Acid industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Adipic Acid market.
Market Segmentation:
Adipic Acid market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
- Cyclohexane Oxidation
- Cyclohexene Oxidation
- Phenol Hydrogenation
Segmentation by application
- Nylon 6,6
- Polyurethanes
- Adipic Esters
- Others
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Invista
- Solvay
- Ascend
- BASF
- Radici
- Asahi Kasei
- Lanxess
- Haili
- Huafon
- Shenma Industrial
- Hualu Hengsheng
- Liaoyang Sinopec
- Hongye
- Tianli
- Yangmei Fengxi
- Zhejiang Shuyang
- Kailuan Group
Key Questions Addressed in this Report
What is the 10-year outlook for the global Adipic Acid market?
What factors are driving Adipic Acid market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Adipic Acid market opportunities vary by end market size?
How does Adipic Acid break out type, application?