Adipic Acid Market worth US$ 11.07 billion by 2030 with a CAGR of 4.5 %

Published Date: May 2024

Adipic acid market is driven by increasing demand for adipic acid in the automotive, construction, and electronics industries owing to it is lightweight and durable product.Adipic acid market is projected to grow from US$ 7.13 billion in 2020 to US$ 11.07 billion by 2030.

The report Adipic Acid Market, By Raw Material (Cyclohexanol and Cyclohexanone), By End Product (Nylon 66 Fibers, Nylon 66 Engineering Resins, Polyurethanes, Adipate Esters and Others), By Application (Plasticizers, Unsaturated Polyester Resins, Wet Paper Resins, Coatings, Synthetic Lubricants, Food Additives and Others), By End User (Textiles, Food and Beverage, Cosmetics, Paints and Coatings, and Others), and By Region - Global Forecast to 2030"

Key Highlights:

  • In March 2014, Rennovia Inc. and Johnson Matthey Davy Technologies Ltd. collaborated to develop and commercialize the production technology for bio-based adipic acid.

Key Market Insights from the report:          

Adipic acid market accounted for US$ 11.07 billion by 2030 and is projected to register a moderate CAGR of 4.5 % over the forecast period. The market report has been segmented on the basis of raw material, end product, application, end-user, and region.

  • By raw material, the adipic acid market is segmented into cyclohexanol and cyclohexanone.
  • By end product, the adipic acid market is segmented into nylon 66 fibers, nylon 66 engineering resins, polyurethanes, adipate esters and others.
  • By application, the adipic acid market is segmented into plasticizers, unsaturated polyester resins, wet paper resins, coatings, synthetic lubricants, food additives and others.
  • By end user, the adipic acid market is segmented into textiles, food and beverage, cosmetics, paints and coatings, and others.
  • By region, the market of Asia Pacific account major revenue shares in adipic acid market owing to growing demand from the automotive manufacturers attributed with the growing population in this region. North America is one of the major supply hubs for engineered polymers, therefore, making it a potential destination for adipic acid.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Adipic Acid Market”, By Raw Material (Cyclohexanol and Cyclohexanone), By End Product (Nylon 66 Fibers, Nylon 66 Engineering Resins, Polyurethanes, Adipate Esters and Others), By Application (Plasticizers, Unsaturated Polyester Resins, Wet Paper Resins, Coatings, Synthetic Lubricants, Food Additives and Others), By End User (Textiles, Food and Beverage, Cosmetics, Paints and Coatings, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)-forecast till 2030

The prominent player operating in the adipic acid market includes Ascend Performance Materials Inc., BASF SE, Verdezyne, PetroChina Liaoyang Petrochemical, Rennovia, Sumitomo Chemical Co., Ltd, Asahi Kasei Corporation, Invista, Lanxess Ag and Rhodia.

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