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Adipic Acid Market Size to Surpass USD 10.6 Billion by 2033 | With a 5.25% CAGR

12-23-2024 12:17 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Adipic Acid Market

Adipic Acid Market

๐†๐ฅ๐จ๐›๐š๐ฅย ๐€๐๐ข๐ฉ๐ข๐œ ๐€๐œ๐ข๐ย ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ: ๐Š๐ž๐ฒ ๐’๐ญ๐š๐ญ๐ข๐ฌ๐ญ๐ข๐œ๐ฌ ๐š๐ง๐ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ‘

๐’๐ฎ๐ฆ๐ฆ๐š๐ซ๐ฒ:

โ— The globalย adipic acid market sizeย reachedย USD 6.6 Billionย in 2024.
โ— The market is expected to reachย USD 10.6 Billionย by 2033, exhibiting a growth rateย (CAGR) of 5.25%ย during 2025-2033.
โ— Asia Pacific leads the market, accounting for the largestย adipic acid market share.
โ— Nylon 66 fibers exhibit a clear dominance in the market due to their extensive use in the automotive and textile industries for manufacturing resilient and durable materials.
โ— Plasticizers hold the biggest market share, as adipic acid is crucial in producing flexible, durable plastics widely used in consumer goods, packaging, and construction.
โ— The rising need for adipic acid in the production of nylon 6,6 fibers and resins represents one of the key factors strengthening the market growth.
โ— Environmental concerns and stringent regulations regarding petrochemical-based products are driving the need for sustainable solutions.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/adipic-acid-market/requestsample

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ:

โ— ๐ˆ๐ง๐œ๐ซ๐ž๐š๐ฌ๐ข๐ง๐  ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐Ÿ๐ซ๐จ๐ฆ ๐๐ฒ๐ฅ๐จ๐ง ๐Ÿ”,๐Ÿ” ๐…๐ข๐›๐ž๐ซ ๐š๐ง๐ ๐‘๐ž๐ฌ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ข๐จ๐ง:

One of the trends that has been affecting the development of the is the increased use of adipic acid in the manufacture of nylon 6,6 fibers and resins. This compound is used as a raw material for nylon which, as a material, is employed in automotive, textile and electronics applications because it is strong, abrasion resistant and durable. Adding to this the increasing consumption in the automotive market as tire cord and nylon 6,6 airbag and an increasing global trend where automobiles are being built to be lighter. Furthermore, textiles and apparels include nylon in cheap quality products such as sports wear.

โ— ๐’๐ก๐ข๐Ÿ๐ญ ๐“๐จ๐ฐ๐š๐ซ๐๐ฌ ๐„๐œ๐จ-๐Ÿ๐ซ๐ข๐ž๐ง๐๐ฅ๐ฒ ๐๐ข๐จ-๐›๐š๐ฌ๐ž๐ ๐€๐๐ข๐ฉ๐ข๐œ ๐€๐œ๐ข๐:

The above need has been reinforced by environmental concerns and the increasing range of demand for products from the production of petrochemical company. At the moment, bio based adipic acid derived from renewable sources is looked at as the best option since it does not harm the environment as much as petroleum based adipic acid and it is much easier to produce. This green shift has indeed been accompanied on the one hand by the enhanced awareness and R&D developments regarding commercial viability of bio-based adipic acid production. Moreover, the shift towards biodegradable products in quite a few segments like plastics, textiles, automobiles is exerting upward pressure on bio-based adipic acid demand.

โ— ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐œ๐ž๐ฌ๐ฌ๐ž๐ฌ:

Promising advancements in the application of technology in production processes in adipic acid production to increase production efficiency, product yield, and reduce the impact on the environment also serve as the primary driver for the growth of this market. Efficient catalysts and other improvements in the overall process are being worked on in addition to better methods of waste minimization to make adipic acid manufacturing cheaper and sustainable. These technologies are crucial to remain competitive, cut down on the cost of operations, and meet the stringent standards set by environmental agencies worldwide. Businesses are investing significant funds in research operations to develop and adopt cleaner and more efficient technologies for manufacturing chemical products as they strive to adopt increasingly sustainable industrial processes to reduce the chemical sector's costly impact on the environment.

๐๐ฎ๐ฒ ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/checkout?id=6665&method=502

๐€๐๐ข๐ฉ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญย ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐๐ฒ ๐„๐ง๐ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ:

โ— Nylon 66 Fibers
โ— Nylon 66 Engineering Resins
โ— Polyurethanes
โ— Adipate Esters
โ— Others

Nylon 66 fibers exhibit a clear dominance in the market due to their extensive use in the automotive and textile industries for manufacturing resilient and durable materials.

๐๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง:

โ— Plasticizers
โ— Unsaturated Polyester Resins
โ— Wet Paper Resins
โ— Coatings
โ— Synthetic Lubricants
โ— Food Additives
โ— Others

Plasticizers hold the biggest market share, as adipic acid is crucial in producing flexible, durable plastics widely used in consumer goods, packaging, and construction.

๐๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž๐ซ:

โ— Automotive
โ— Electrical and Electronics
โ— Textiles
โ— Food and Beverage
โ— Personal Care
โ— Pharmaceuticals
โ— Others

Automotive accounts for the majority of the market share attributed to the essential role of adipic acid in manufacturing nylon 66 and other components, which are essential for lightweight, fuel-efficient vehicles.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Asia Pacific dominates the market owing to the presence of key manufacturing industries in the region.

๐€๐ฌ๐ค ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/request?type=report&id=6665&flag=C

๐“๐จ๐ฉ ๐€๐๐ข๐ฉ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‹๐ž๐š๐๐ž๐ซ๐ฌ:

The adipic acid market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

โ— Asahi Kasei Corporation
โ— Ascend Performance Materials
โ— BASF SE
โ— Domo Chemicals
โ— Invista (Koch Industries)
โ— Lanxess AG
โ— Radici Partecipazioni SpA
โ— Solvay S.A.
โ— Sumitomo Chemical Co. Ltd.
โ— Tangshan Zhonghao Chemical Co. Ltd.
โ— TCI Chemicals (India) Pvt. Ltd.
โ— Tian Li High & New Tech Co. Ltd

๐๐จ๐ญ๐ž: ๐ˆ๐Ÿ ๐ฒ๐จ๐ฎ ๐ซ๐ž๐ช๐ฎ๐ข๐ซ๐ž ๐š๐ง๐ฒ ๐ฌ๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐ญ๐ก๐š๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐œ๐จ๐ฏ๐ž๐ซ๐ž๐ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ž ๐ฌ๐œ๐จ๐ฉ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ž ๐ฐ๐ข๐ฅ๐ฅ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ž ๐š๐ฌ ๐š ๐ฉ๐š๐ซ๐ญ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email:ย sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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