Global Adipic Acid Market By Overview
Adipic acid is one of the most commercially important types of aliphatic dicarboxylic acids, since it is significantly used as a feedstock for the production of industrial fibers. It is generated from the oxidation of a mixture of cyclohexanol and cyclohexanone with nitric acid and alternatively can also be produced from butadiene carbonylation. The major consumption of adipic acid is as the feedstock for the production for nylon 6,6 resin and engineering fibers. The non-nylon applications of adipic acid include its usage in the manufacture of polyurethanes, plasticizers, food additives and pharmaceuticals. Adipic Acid market accounted for US$ 7.13 billion in 2020 and is estimated to be US$ 11.07 billion by 2030 and is anticipated to register a CAGR of 4.5%.
Global Adipic Acid Market By Dynamics
Increasing demand for adipic acid in the automotive
The increasing demand for adipic acid in the automotive, construction, and electronics industries as it is lightweight and durable product drive the growth of adipic acid market. The adipic acid is used as a precursor to manufacture nylon 66, a widely used ingredient in advanced engineering products, which are used in the automobile, construction, footwear, furniture, and electrical and electronics industries. This factor is expected to propel the growth of the adipic acid market. Increasing applications of adipic acid in various end-use industries, like paints & coatings, textiles, industrial appliances and food & packaging industry is expected to fuel growth of the adipic acid market over the forecast period. Raw material price fluctuation attributed with high production cost of synthetic based adipic acid is expected to be the key challenge for adipic acid market growth over the forecast period. However, raw materials required for manufacturing the synthetic based adipic acid are petroleum and its derivatives, which require huge capital investment as compared to bio based adipic acid that could hinder the growth of synthetic based adipic acid market. For instance, on March 20, 2014, Rennovia Inc. and Johnson Matthey Davy Technologies Ltd.-collaborated to develop and commercialize the production technology for bio-based glucaric acid and adipic acid
Global Adipic Acid Market By Segmentation
Adipic Acid market is segmented based on Raw material, End products, application, End-user and region.
On the basis of raw material, end product, application, end user and region. On the basis of raw material, the adipic acid market has been segmented into cyclohexanol and cyclohexanone. Based on end product, segments of the adipic acid market are nylon 66 fibers, nylon 66 engineering resins, polyurethanes, adipate esters and others. On the basis of application, the global acid market has been segmented into plasticizers, unsaturated polyester resins, wet paper resins, coatings, synthetic lubricants, food additives and others. Based on end user, the adipic acid market is divided into textiles, food and beverage, cosmetics, paints and coatings, and others.
Regional Insights:
Adipic acid market accounted for US$ 7.13 billion in 2020 and is estimated to be US$ 11.07 billion by 2030 and is anticipated to register a CAGR of 4.5%. For detailed understanding of market dynamics, the adipic acid market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the adipic acid market. Asia-Pacific is expected to account for major revenue share in adipic acid market. The chief markets in Asia Pacific region include India and China, which are forecasted to dominate the market owing to high demand from the automotive manufacturers coupled with the growing population in this region. For instance, Government of India plans to make India as an automobiles manufacturing hub by 2026, and the passenger vehicle segment is expected to reach 9.4 million units as highlighted in the Auto Mission Plan (AMP). Asia Pacific holds an excellent potential for market penetration as adipic acid’s supply in this region is disrupted due to low spot prices. North America is one of the major supply hubs for engineered polymers, therefore, making it a potential destination for adipic acid. Growing automobile industry in this region is estimated to be the major factor for the adipic acid market growth Europe is anticipated to witness growth in upcoming years for adipic acid owing to its high demand in the automotive industry, but the market in this region is limited due to the presence of strict regulations
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2020 |
|
Forecast period |
2020 – 2030 |
|
Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
|
Market Segmentation |
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 |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020to 2030. For the purpose of this study, has segmented the adipic acid market report based on Raw material, End product, application, End-user and region
Adipic Acid Market, By Region:
- North America
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Adipic Acid Market By Key Players
Some of the prominent players operating in the adipic acid market include Ascend Performance Materials Inc., BASF SE, Verdezyne, PetroChina Liaoyang Petrochemical, Rennovia, Sumitomo Chemical Co., Ltd, Asahi Kasei Corporation, Invista, Lanxess Ag and Rhodia. Advancements in the product as well as in manufacturing process, and product launches are some trends witnessed in the adipic acid market. For instance, in 2018, BASF Animal Nutrition launches its Lucantin NXT product line in the EU 28 market. Lucantin NXT products deliver high homogeneity, outstanding stability and long shelf life while maintaining egg yolk and broiler skin coloring efficacy.
Global Adipic Acid Market By Company Profile
- Ascend Performance Materials Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- BASF SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Verdezyne
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- PetroChina Liaoyang Petrochemical
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Rennovia
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sumitomo Chemical Co., Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Asahi Kasei Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Invista
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Lanxess Ag
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Rhodia
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Adipic Acid Market By Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Raw Material
- Market Snippet, By End Product
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Market Dynamics
- Market Segmentation, By Raw Material, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Cyclohexanol
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Cyclohexanone
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By End Product, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Nylon 66 Fibers
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Nylon 66 Engineering Resins
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Polyurethanes
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Adipate Esters
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Application, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Plasticizers
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Unsaturated Polyester Resins
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Wet Paper Resins
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Coatings
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Synthetic Lubricants
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Food Additives
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By End User, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Textiles
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Food and Beverage
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Cosmetics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Paints and Coatings
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Market, By Region, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Raw Material, 2020 – 2030
- Market Size and Forecast (US$ Bn), By End Product, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Raw Material, 2020 – 2030
- Market Size and Forecast (US$ Bn), By End Product, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Raw Material, 2020 – 2030
- Market Size and Forecast (US$ Bn), By End Product, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Raw Material, 2020 – 2030
- Market Size and Forecast (US$ Bn), By End Product, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Raw Material, 2020 – 2030
- Market Size and Forecast (US$ Bn), By End Product, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Ascend Performance Materials Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- BASF SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Verdezyne
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- PetroChina Liaoyang Petrochemical
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Rennovia
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Sumitomo Chemical Co., Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Asahi Kasei Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Invista
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Lanxess Ag
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- GuardTime AS Rhodia
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Ascend Performance Materials Inc.
- Analyst Views
- Section
- Research Methodology
- About Us
- Contact
FAQs
Adipic acid market has been segmented on the basis of raw material, end product, application, end-user, and region
The continuous growing consumer electronics industry in the Asia Pacific region is also one of the major factors contributing to industry development.
Asia-Pacific is the largest region in adipic acids market, followed by Europe and North America. China, U.S., India countries of Asia Pacific and some other countries of Latin America are expected to growth of the global adipic acid markets over forecast period.
Adipic acid manufacturers are currently strategizing to physically position themselves between raw material supply hub and end-use industries to attain optimum growth and profit margin.