Adipic Acid Market to Reflect Steadfast Expansion During 2018 – 2023 | Worldwide Top Key Players – Ascend, BASF, DowDuPont, Haili, Hongye, Huafon, LANXESS, Radici, Solvay

Marketprognosis.com Publish a New Market Research Report On “Global Adipic Acid Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Adipic Acid Market:

The Global Adipic Acid Market is expected to witness a CAGR of approximately 3.25% during the forecast period, 2018-2023. The market is driven by increasing demand for nylon 6,6 in the automotive industry, along with rising demand from consumer goods, electrical, & appliances industries, and growth of the electronics market in Asia-Pacific.

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The demand in the automobile industry exists for lighter vehicles with strict regulations on carbon dioxide emissions. Nylon 6,6 offers the biggest advantage of reducing the overall weight of the vehicle without sacrificing performance. In addition, nylon offers better solutions in electric vehicles as they prevent hazardous electrical surges in the event of collisions, by breaking the connection. Therefore, this demand for nylon in the automotive industry is expected to drive the market during the forecast period.

The market is segmented on the basis of raw materials, end product, application, and end-user industry. On the basis of end product, nylon products occupy the major share of around 90% and this segment is expected to grow at a good rate because of increasing demand from the automotive sector. In the automotive sector, nylon 6,6 fiber is used in the manufacture of airbags and nylon 6,6 resin is used in emission-reducing parts, like carbon canisters. Also, their environment-friendly nature has increased their usage in the paints & coatings industry.

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Asia-Pacific is the largest market in terms of consumption, accounting to approximately 45 % and is expected to grow at a rate of 4.5% during the forecast period. China is the major market in Asia-Pacific, and it accounts for approximately 30% of the global market share. China also has a strong export network with many North American and European economies. Growing capacity additions in China is expected to drive the market during the forecast period. Chongqing Huafon Chemical is planning to start an adipic acid plant with a capacity 180,000 metric ton/year.

Major Key Players:

1 Ascend

2 BASF

3 DowDuPont

4 Haili

5 Hongye

6 Huafon

7 Tangshan Zhonghao Chemical Co. Ltd

8 LANXESS

9 Radici

10 Solvay and More……………..

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Adipic Acid Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.