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Adipic Acid Market Future Trends and Strategy Analysis by Key players in global market like BASF SE, Lanxess AG, Asahi Kasei Corporation, Invista, Ascend Performance Materials LLC and others
Adipic Acid
About the Adipic Acid Market:
Adipic Acid is commercially important type of aliphatic dicarboxylic acids, as it’s used in feedstock for producing industrial fibers. The significant demand arriving from chemically resilient, durable and strong fibers for the manufacturing of automotive parts. Consequently, a strong demand urged for adipic acid, as it has been key ingredient for composite materials production. Major consumption hails from feedstock for 6 resin, nylon 6 and engineering fibers production. The non-nylon applications of apidic acid consists its usage in the manufacture of plasticizers, pharmaceuticals, polyurethanes and food additives.
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Adipic Acid Market Competition by TOP PLAYERS, with Adipic Acid sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including: BASF SE, Lanxess AG, Asahi Kasei Corporation, Invista, Ascend Performance Materials LLC
Scope of the Report (Overlook 2018-2025):
The adipic acid production market is majorly driven by higher demand for durable and lightweight products in the construction, electronics and automotive industries. Bio-based adipic acid market is also expected to have substantial growth owing to higher adoption of sustainable production.
Burgeon global construction industry favors the product demand in building components such as insulation materials, exterior panels and housing electronics. Packaging and automotive industry equally contribute towards the market growth. Engineering polymers in Europe, Asia Pacific and North America regions are probably to account for the major demand for adipic acid. Adipic acid plays a key role in manufacturing of nylon 66, extensively used ingredient in engineering products, which are further used in construction, furniture, automobile, electrical and electronics industries and footwear. Asia-Pacific especially holds excellent potential for market due to its flexible supply owing to low spot prices. Manufacturers of adipic acid capitalize on abundant and cheap raw material available in the market. However, its overutilization will bring down the prices.
Adipic acid manufacturers are emphasizing on strategizing to become physically settled between end-use industries and raw material supply hub to attain optimum adipic acid market price and growth. One of the trends which is all over the industry is sealant and adhesive manufacturers are shifting manufacturing bases near to adipic acid supply hub.
On the basis of application, segmentation covers Engineering plastics, Electrical appliances, Film Coating, Automotive, Industrial and lastly Fibers, which is sub-divided into Polyamide 66, Polyurethane and Adipic Esters. Based on adipic acid type, the breakdown consists of Cyclohexane Oxidation and Phenol Hydrogenation.
Key segments of ‘Global Adipic Acid Market’
Based on application, the market has been segmented into,
Nylon 6,6
Polyurethanes
Plasticizers
Others
The market breakdown data by type,
Cyclohexane Oxidation
Phenol Hydrogenation
Geographically, North America recorded as one of the chief supply hubs for engineered polymers, hence, makes it suitable destination for adipic acid. Demand in North America for adipic acid was calculated to be around 858.6 kilo tons in 2015 and is expected to grow further at a rate of 2.6% in the upcoming years. Higher automobile industry has potential to take the market in upward direction. Asia-Pacific market with its business-friendly atmosphere is likely to attract a large base for manufacturers. This region’s product demand is anticipated to touch a scale of 1,551.8 kilo tons by the end of the forecast period.
What Information does this report contain?
• Historical data coverage: 2014 to 2017; Growth Projections: 2018 to 2025.
• Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
• 6-7 year performance forecasts: major segments covering applications, top products and geographies.
• Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
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About Adroit Market Research:
Adroit Market Research provide quantified B2B research on numerous opportunistic markets, and offer customized research reports, consulting services, and syndicate research reports. We assist our clients to strategize business decisions and attain sustainable growth in their respective domain. Additionally, we support them with their revenue planning, marketing strategies, and assist them to make decisions before the competition so that they remain ahead of the curve.
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Report Description
This report analyzes the global adipic acid market by application (polyurethane, nylon 6,6 fiber, nylon 6,6 resin, adipate esters, and others), end-use industries (automotive, electrical & electronics, packaging & consumer goods, building & construction, textile, and others) region; it also studies the top manufacturers in the market.
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The major players in global adipic acid market include:
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