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Increasing Automobile Industry Is Driving The Growth Of The Adipic Acid: Key Factor Driving The Growth In The Adipic Acid Market
Adipic Acid Market
What Is the Expected Adipic Acid Market Size During the Forecast Period?
The adipic acid market has grown steadily, increasing from $7.11 billion in 2024 to $7.56 billion in 2025 at a CAGR of 6.3%. The growth has been fueled by nylon demand, synthetic fiber trends, historical material shifts, global trade, and use in consumer electronics.
The adipic acid market is set to grow steadily, projected to reach $9.54 billion by 2029 at a CAGR of 6.0%. Growth is supported by rising demand in textiles, automotive applications, infrastructure development, and sustainability efforts. Key trends include biotech production, renewable feedstocks, carbon capture integration, and improved monitoring tools.
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What Are the High-Growth Segments in the Adipic Acid Market?
The adipic acid market covered in this report is segmented -
1) By Raw Material: Cyclohexanol, Cyclohexanone
2) By Sales Channel: Direct Sale, Indirect Sale
3) By Application: Nylon 6, 6 Fiber, Nylon 6, 6 Resin, Polyurethanes, Adipate Esters
4) By End Use Industry: Automotive, Electrical And Electronics, Packaging And Consumer Products, Building And Construction, Textile, Other End-Use Industries
Subsegments:
1) By Cyclohexanol: Hydrogenation Of Cyclohexene, Cyclohexanol-Based Processes For Adipic Acid Production, Catalytic Hydrogenation Of Cyclohexanol, Production Of High-Purity Cyclohexanol For Adipic Acid Synthesis
2) By Cyclohexanone: Oxidation Of Cyclohexane To Cyclohexanone, Cyclohexanone-Based Caprolactam Process For Adipic Acid Production, Use Of Cyclohexanone As A Precursor In The Production Of Adipic Acid
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What Key Drivers Are Expected to Influence Future Adipic Acid Market Growth?
Growth in the automobile sector is driving the adipic acid market. This compound enhances performance and durability in automotive materials. In 2023, the UK had 41.4 million vehicles on its roads, with car ownership rising by 1.6% to 35.7 million, according to the Society of Motor Manufacturers and Traders.
Which Companies Hold the Largest Share Across Different Adipic Acid Market Segments?
Major companies operating in the adipic acid market are PetroChina Company Limited, Invista, BASF SE, Sumitomo Chemical Company Limited, Asahi Kasei Corporation, Evonik Industries AG, Du Pont de Nemours Inc., LANXESS AG, Huntsman Corporation, Solvay Société Anonyme, UBE Corporation, Ascend Performance Materials Operations LLC, Shenan Shenma Nylon Chemical Co. Ltd., Radici Partecipazioni SpA, Fibrant BV, DOMO Chemicals GmbH, Finoric LLC, Alfa Chemical Co. Ltd., Wego Chemical Group Inc., Graham Chemical Corporation, KeenBolden LLC, Otto Chemie Pvt. Ltd., Tangshan Zhonghao Chemical Co. Ltd., BioAmber Inc.
What Trends Are Driving Growth in The Adipic Acid Market?
Businesses in the adipic acid market are working on greener alternatives like eco-friendly Nylon 66. In August 2022, Toray Industries Inc. introduced a 100% bio-based adipic acid derived from non-edible biomass. This sustainable raw material for Nylon 66 significantly cuts carbon emissions while maintaining product performance.
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What Are the Emerging Geographies for The Adipic Acid Market Growth?
Asia-Pacific was the largest region in the adipic acid market in 2023. The regions covered in the adipic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Adipic Acid Market?
2. What is the CAGR expected in the Adipic Acid Market?
3. What Are the Key Innovations Transforming the Adipic Acid Industry?
4. Which Region Is Leading the Adipic Acid Market?
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