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Adipic Acid Market By Application (Nylon 66 Fibers, Engineering Plastics (Nylon 66 Resin), Polyurethanes, Adipic/Adipate Esters (Plasticizers), Others) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022

Adipic acid is an organic compound which is most commonly used to produce industrial fibers. It is a synthetic dicarboxylic acid produced from oxidation of various fats. It is majorly used as a raw material for manufacturing of nylon. It is also used in the chemical industry as a raw material for manufacturing of coatings, detergents and also as a plasticizer.

The ever growing auto industry is one of the major factors driving the demand for adipic acid. It is also used by the electronic and electrical industry. For the last decade the world has seen an increasing in spending on infrastructure and thus a rising demand for paints and coating and consequently an increase in the demand of adipic acid. Apart from this derivatives of adipic acids are also used as vehicle for administering drugs that is it helps to deliver the drug to your body.

India and China are expected to be both leading producers and consumers of the adipic acid owing to the fact that they receive high demands from automotive manufacturing industry and have relatively less stringent regulations. Africa and Middle East areas are also expected to show significant growth.

Manufacturing of adipic acid produces nitrous oxide, a greenhouse gas that causes ozone depletion thus raising concern towards adverse environmental impact. This will hinder its market growth and force industries to shift to other viable greener alternatives. 

 

Adipic Acid Market

The report titled “Global Adipic Acid Market- Growth, Share, Opportunities and Competitive Analysis, 2015 – 2022” offers strategic insights into the global adipic acid market along with the market size and estimates for the duration 2014 to 2022. The said research study covers in-depth analysis of multiple market segments based on applications and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2014 & 2022. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help the strategic decision makers, the report also includes profiles of the leading adipic acid manufacturers, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis and key developments. The major players profiled in the report are BASF, Rhodia, INVISTA, Ascend Performance Materials, Liaoyang Petrochemical, Radici, Asahi Kasei, Lanxess, Shandong Haili Chemical Industry Company, Ltd. (BOHUI) and Shandong Hongye Chemical Company, Ltd. Further, the report also covers market positioning of the key players operating in the adipic acid market. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the adipic acid industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global adipic acid market, offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.

The global adipic acid market can be categorized on the basis of applications as

  • Nylon 66 Fibers (Textile Filament, Industrial Filament, Carpet Filament among others)
  • Engineering Plastics (Nylon 66 Resin) (Automotive, Packaging Films & Coatings, Consumer Goods, Industrial/Machinery, Electrical & Electronics among others)
  • Polyurethanes
  • Adipic/Adipate Esters (Plasticizers)
  • Others

Adipic Acid Market

 

Production of nylon is the main application of adipic acid. These materials are generally used in the manufacture of automobile components. Adipic acid also finds application in other sectors such as paints, food & plastic additives, low-temperature lubricants, coatings, and synthetic fibers.

The nylon 66 fibers and engineering plastics (nylon 66 resin) together accounted for than 75% share of the market pie in 2014. Engineering plastics was the largest application segment and accounted for 1,027.20 kilo tons of the total volume in 2014. Rising demand from automotive industry is projected to drive this application segment demand.

Nylon 66 fibers are projected to grow at a CAGR of 2.3% from 2015 to 2022 in terms of volume. Increasing fibers demand from textile filament and industrial filament is projected to drive the demand for this application segment. Polyurethane is projected to be the fastest growing application with an estimated CAGR of 4.9 % from 2015 to 2022 in terms of revenue.

On the basis of geography, the global adipic acid market is segmented into following regions,

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia Pacific
  • Rest of the World
    • Brazil
    • Rest of RoW

Asia Pacific is projected to be the largest and fastest growing market for adipic acid. In terms of revenue, in 2014 the market accounted for 34.10% share of the total market pie. Growing demand from the end user industries such as automotive, electronics and food are the major factor propelling the market growth. India and China are the chief contributors towards the market growth due to socio economic development.  RoW regions such as Brazil, Middle East, and Africa offers huge market potential. Growing automobile industry is the key factor contributing towards the market growth in these regions. RoW regions is projected to grow at an estimated CAGR of 4.6% from 2015 to 2022 in terms of revenue.

Europe accounted for 23.10% of the total market pie in terms of volume in 2014. Due to rising environmental concerns and stringent government regulation the market is projected to shift towards bio based adipic acid. North American market is projected to witness steady growth due to saturation in the end user industries. The U.S represents more than 80% of total regional consumption, with stagnant growth projected during the forecast period.

 

Adipic Acid Market

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Published Date:  Jul 2016
Category:  Chemicals
Report ID:   57993
Report Format:   PDF
Pages:   120
Rating:    4.3 (55)
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