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Adipic Acid market size is estimated to be worth US$ 6004.5 million in 2022 and is forecast to a readjusted size of US$ 7774.6 million by 2028 with a CAGR of 4.4% - Valuates Reports
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Fully considering the economic change by this health crisis, Cyclohexane Oxidation accounting for % of the Adipic Acid global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period.
While Nylon 6,6 segment is altered to an % CAGR throughout this forecast period.
Adipic acid is a white, crystalline, slightly water-soluble solid with the formula (CH2)4(COOH)2. It is the most important of the commercially available aliphatic dicarboxylic acids from the industrial perspective. Commercial adipic acid is produced from cyclohexane, cyclohexene, or phenol. Nylon 66 is the largest application segment of adipic acid. The increasing demand of automotive industry, electrical & electronics industry and footwear industry is anticipated to drive the demand of adipic acid. It is also used in polyurethane, adipic esters, plasticizers, food additives, and pharmaceuticals.
Adipic Acid Market Analysis
Asia-Pacific is the largest Adipic Acid market with about 45% market share. North America is follower, accounting for about 28% market share.
The key players are Invista, Solvay, Ascend, BASF, Radici, Asahi Kasei, Lanxess, Haili, Huafon, Shenma Industrial, Hualu Hengsheng, Liaoyang Sinopec, Hongye, Tianli, Yangmei Fengxi, Zhejiang Shuyang, Kailuan Group etc. Top 5 companies occupied about 47% market share.
In terms of production side, this report researches the Adipic Acid capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Adipic Acid by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Adipic Acid Market Scope and Segment
Adipic Acid market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Adipic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Adipic Acid Market Segment by Type
Cyclohexane Oxidation
Cyclohexene Oxidation
Phenol Hydrogenation
Adipic Acid Market Segment by Application
Nylon 6,6
Polyurethanes
Adipic Esters
Others
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