Adipic Acid Price History and Forecast Analysis

Adipic Acid (Industrial Grade) Price Trends and Forecast: Ex-Works China

The industrial grade adipic acid market in China experienced a steady decline in prices during the last quarter of 2024, reflecting weakened demand and market oversupply. In October 2024, the price fell to 1210 USD/MT, marking a 10% year-over-year (YoY) drop from 1340 USD/MT in October 2023. The downward trend continued in November, with prices reaching 1180 USD/MT, a 9% decline, followed by a further dip in December, where the price dropped to 1140 USD/MT, again 10% lower than the same month in 2023.

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The primary factors behind this price softening include sluggish demand from key downstream industries such as automotive, textiles, and plastics. As a key raw material for nylon 6,6 and polyurethane production, adipic acid consumption has been directly affected by subdued global manufacturing activity and reduced industrial output in 2024. Additionally, competitive pricing and increased production capacity in China have contributed to oversupply, keeping pressure on domestic prices.

Looking ahead, Expert Market Research forecasts that adipic acid prices will likely remain low during early H1 2025, particularly in Asia. However, a moderate price recovery is expected by the end of H1, especially in North American markets, driven by seasonal demand increases and potential supply adjustments.

For manufacturers and buyers, the current environment presents cost-saving opportunities but also requires careful inventory management, as any shift in feedstock or energy prices could impact future cost structures. Global economic recovery and improved downstream demand will be key to reversing the current trend.

While China's adipic acid prices ended 2024 on a weaker note, the market shows signs of possible recovery in mid-2025, provided global demand strengthens and supply imbalances begin to correct.

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Global Adipic Acid Trade Overview: Key Exporters, Importers, and Major Suppliers

Leading Exporting Countries

The global adipic acid market is anchored by several major exporting nations, led by China, which has expanded its production capacity significantly over the past decade. The United States also plays a vital role as a top exporter, with well-established chemical manufacturing infrastructure. European countries such as France, Italy, Belgium, and the United Kingdom contribute robustly to global exports, leveraging their integrated petrochemical industries. In Asia, Japan maintains a strong position in exporting high-purity grades, while Brazil is a growing exporter within Latin America.

Leading Importing Countries

On the demand side, Canada and Turkey are prominent importers of industrial-grade adipic acid, driven by their strong automotive and plastics manufacturing sectors. India and Singapore are key importers in the Asia-Pacific region, supporting their rapidly growing synthetic fiber and polymer industries. In Europe, Spain, the Netherlands, Poland, and Switzerland rely on imports to meet domestic demand for nylon, resins, and coatings, especially in the face of limited local production capacity or supply disruptions.

Major Suppliers

The adipic acid market is dominated by several globally recognized chemical producers. BASF SE (Germany) is a leading supplier, known for its expansive product portfolio and international reach. Invista and Ascend Performance Materials (both USA) are major U.S. players, supplying adipic acid primarily for nylon production. RadiciGroup (Italy) and Lanxess AG (Germany) serve key European and international markets. From China, Shandong Haili Chemical Industry Co., Ltd., Liaoyang Petrochemical, and PetroChina are major domestic suppliers with increasing global presence, especially in cost-competitive markets.

Together, this network of exporters, importers, and suppliers reflects the global interdependence of the adipic acid supply chain, shaped by industrial demand, technological capabilities, and shifting regional production dynamics.

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Report Scope:
• Historical Price Data and Analysis, 2021-2024
o Historical Price Data - Monthly
o Grade-Wise Price Fluctuation
o Correlation with Feedstock Price Movement
o Key Market Opportunities and Risks
• Price Outlook
o Monthly Price Forecast (Rolling 3-month forecast for 12 months) (3 Month Quarterly Update)
o Long-Term Price Forecast (2 years), 2025-2026
o Price Influencing Factors
• Supply and Demand Analysis
o Global Market Supply Analysis (2021-2026)
o Global Market Demand Analysis (2021-2026)
o Demand-Supply Gap Analysis
o Historical Dynamics (2021-2024)
o Market Dynamics (Drivers and Constraints)
o Top 5 Deficit Countries with Net Import
o Top 5 Surplus Countries with Net Export
• Cost Breakdown of Tin Plate
o Direct Cost
o Indirect Costs
o Tax and Regulatory Costs
o Profit Margin
• Latest Industry News
o Recent Developments
o Geopolitical Events
o Insights From Government Data and Industries Bodies
• Key Macroeconomic Indicators
o GDP Growth
o Inflation Rates
o Currency Exchange Rates
o Impact on Commodity Prices

How Claight Corporation (Expert Market Research) Database Can Help

The latest report by Expert Market Research, "Adipic Acid Prices, Trends, Charts, Demand, and Market Analysis - 2025 Edition," offers a comprehensive overview of the global pricing landscape for adipic acid. Designed for industry stakeholders, the study provides detailed historical and forecast price data, highlighting key market shifts and emerging pricing trends.

Drawing from in-depth research, the report analyses the primary factors influencing adipic acid prices, including fluctuations in raw material availability, changes in production capacity, and macroeconomic or geopolitical developments. Additionally, the report evaluates global and regional demand patterns, outlining how shifts in end-use industries such as construction, paper, and plastics are impacting market dynamics. By examining the supply-demand balance, Expert Market Research's report helps businesses understand the underlying forces shaping current and future pricing environments, offering valuable insights to guide procurement, pricing strategy, and investment planning.

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