Press release
What's driving the Adipic Acid Market Growth? Ascend Performance Materials Inc., BASF SE, Invista, Lanxess Ag, PetroChina Liaoyang Petrochemical
Adipic Acid
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๐ด๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐จ๐ ๐๐๐๐ ๐จ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐ ๐จ๐๐๐๐ ๐ฒ๐๐๐๐ ๐ช๐๐๐๐๐๐๐๐๐๐, ๐จ๐๐๐๐๐ ๐ท๐๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐๐๐๐ ๐ฐ๐๐., ๐ฉ๐จ๐บ๐ญ ๐บ๐ฌ, ๐ฐ๐๐๐๐๐๐, ๐ณ๐๐๐๐๐๐ ๐จ๐, ๐ท๐๐๐๐๐ช๐๐๐๐ ๐ณ๐๐๐๐๐๐๐ ๐ท๐๐๐๐๐๐๐๐๐๐๐๐, ๐น๐๐ ๐๐๐ ๐ฎ๐๐๐๐, ๐น๐๐๐ ๐๐, ๐บ๐๐๐๐ ๐๐๐ ๐ฏ๐๐๐๐ ๐ช๐๐๐๐๐๐๐ ๐ฐ๐๐ ๐๐๐๐๐ ๐ช๐๐๐๐๐๐ ๐ณ๐๐ ., ๐๐๐ ๐บ๐๐๐๐ ๐๐๐ ๐ฏ๐๐๐๐๐ ๐ช๐๐๐๐๐๐๐ ๐ช๐๐๐๐๐๐, ๐ณ๐๐ ., ๐น๐๐๐๐๐๐๐ ๐ฐ๐๐.
Increasing applications of adipic acid in various end-use industries, namely paints & coatings, automobiles, textiles, industrial appliances, consumer goods, electrical & electronics, wires & cables and food & packaging industry is expected to boost growth of the adipic acid market during the forecast period (2017-2025).
Burgeoning population growth in turn results in increasing infrastructure development activities, especially in countries such as India, China, and Brazil. This subsequently fuels demand for paints & coatings and wires & cables. Changing life style and increasing disposable income is surging the demand for convenience food, which in turn is propelling demand for nylon 6,6 resin in food packaging industry.
Else, Place a customization Before Buying 'Adipic Acid Industry Report 2026' @ https://www.coherentmarketinsights.com/insight/request-customization/318
Raw material price fluctuation coupled with high production cost of synthetic based adipic acid is expected to be the key challenge for market growth during the forecast period. Generation of harmful CO2ย and toxic waste from adipic acid manufacturing unit, due to the use of petroleum based raw materials, has compelled the industry to shift in focus from synthetic towards bio based adipic acid. For instance, glucose is commonly used to produce bio based adipic acid. Whereas raw materials required to manufacture synthetic based adipic acid are petroleum and its derivatives, which require huge capital investment as compared to bio based adipic acid which in turn is expected to 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.
๐๐ฉ๐ฆ ๐จ๐ญ๐ฐ๐ฃ๐ข๐ญ ๐ข๐ฅ๐ช๐ฑ๐ช๐ค ๐ข๐ค๐ช๐ฅ ๐ฎ๐ข๐ณ๐ฌ๐ฆ๐ต ๐ด๐ช๐ป๐ฆ ๐ธ๐ข๐ด ๐ท๐ข๐ญ๐ถ๐ฆ๐ฅ ๐ข๐ต ๐๐$ 7.1 ๐ฃ๐ช๐ญ๐ญ๐ช๐ฐ๐ฏ (๐ณ๐ฆ๐ท๐ฆ๐ฏ๐ถ๐ฆ) ๐ข๐ฏ๐ฅ 3737.8 ๐ฌ๐ช๐ญ๐ฐ ๐ต๐ฐ๐ฏ๐ด (๐ท๐ฐ๐ญ๐ถ๐ฎ๐ฆ) ๐ช๐ฏ 2016 ๐ข๐ฏ๐ฅ ๐ช๐ด ๐ฆ๐น๐ฑ๐ฆ๐ค๐ต๐ฆ๐ฅ ๐ต๐ฐ ๐ฆ๐น๐ฑ๐ข๐ฏ๐ฅ ๐ข๐ต ๐ข ๐๐๐๐ ๐ฐ๐ง 6.0% ๐ช๐ฏ ๐ต๐ฆ๐ณ๐ฎ๐ด ๐ฐ๐ง ๐ณ๐ฆ๐ท๐ฆ๐ฏ๐ถ๐ฆ ๐ข๐ฏ๐ฅ 4.1% ๐ช๐ฏ ๐ต๐ฆ๐ณ๐ฎ๐ด ๐ฐ๐ง ๐ท๐ฐ๐ญ๐ถ๐ฎ๐ฆ ๐ฅ๐ถ๐ณ๐ช๐ฏ๐จ 2017 โ 2025.
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