November 26, 2020

Adipic Acid Market Volume Analysis, Segments, Value Share and Key Trends 2019-2026

Global Adipic Acid Market Insights

This global study conducted by GMI Research provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for different segments. The market report tracks the overall demand growth during the forecast period. A regional study of the market is also carried out in North America, Asia-Pacific, Europe, and the Rest of the World. The report indicates growth parameters in the regional markets, along with leading players that are dominating the industry.

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Competitive Landscape:

The leading organizations covered in the Adipic Acid Market are:

  • BASF SE
  • Asahi Kasei Corporation
  • Invista
  • Ascend Performance Materials, Inc.
  • Radici Group
  • Lanxess
  • Shandong Hongye Chemical Company Ltd.
  • Petrochina Liaoyang Petrochemical
  • Solvay
  • Shandong Haili Chemical Industry Company Ltd.

Drivers of the Adipic Acid Market:

The adipic acid market is experiencing an upsurge in demand over the forecast period. This is mainly due to the growing adoption of adipic acid in the automotive industry to manufacture automotive parts by chemical resilient, strong fibers, and durable, coupled with the growth in use in electrical & electronics and consumer goods industry. Nylon 66, being a major shareholder in demand for adipic acid, is having high adoption in various industries such as automotive, which will further fuel the growth of the adipic acid market at a global level. Rapid expansion in the construction industry and packaging industries leads to an upsurge in demand for adipic acid, thus contributing to the growth of the global adipic acid market in the upcoming years. Moreover, adipic acid involves various advantages such as reliability, low consumption of raw materials, durability, strength, lightweight, high absorption capacity, and low consumption of energy, and such advantages are attracting a large number of consumers towards the market. On the other hand, the presence of rigorous environmental regulations in several regions and an upsurge in the use of hybrid fibers in the market are factors hindering the growth of the global adipic acid market.

Key Benefits offered by the Adipic Acid Market report:

  • This study represents the analytical depiction of the Adipic Acid Market along with the ongoing trends and future estimations to determine the imminent investment pockets.
  • The report provides detailed information related to market drivers, restraints, and growth opportunities, followed by the analysis of the Adipic Acid Market share.

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Segmentation of the Adipic Acid Market:

The Adipic Acid Market has been categorized into the following segments:

Breakup by Material Type:

  • Fibers
  • Engineering Plastics

Breakup by Application:

  • Polyurethanes
  • Polyamide/Nylon 66
  • Adipic/Adipate Esters
  • Others

Breakup by Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

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