Press release
Adipic Acid Market Grows with Nylon, Coatings & Plasticizer Demand, Fueled by Bio‐Based Production, Catalyst Advances & Sustainability Initiatives
Adipic Acid Market is expected to grow at a 4.4% CAGR in the forecast period 2024 - 2031Adipic Acid Market is positioned for robust growth, and shifting market dynamics reshaping the competitive landscape. DataM Intelligence's new report provides data-driven insights, SWOT analysis, and marketing-ready intelligence for businesses seeking to improve market penetration and campaign ROI.
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Adipic Acid Market Overview & Landscape:
The adipic acid market encompasses the global production and consumption of adipic acid, a key precursor in nylon‐6,6, plasticizers, resins, and food additives prized for its polymer‐building properties. Widely applied across automotive textiles, coatings, and packaging, the market is expanding on the back of rising automotive production, growing polymer demand, and stringent performance requirements. Innovation in bio‐based synthesis and cleaner catalyst technologies is reshaping the landscape toward more sustainable and cost‐efficient processes.
Recent Key Developments:
Commercial launch of bio‐based adipic acid facilities using renewable feedstocks to reduce carbon footprint.
Major chemical producer announces capacity expansion in Asia‐Pacific to meet booming textile and automotive demand.
Breakthrough in continuous‐flow hydrogenation catalysts boosting process yields and lowering energy consumption.
Strategic partnership formed to develop membrane‐based adipic acid separation technology for higher purity grades.
Pilot projects initiated for nitric acid telemetry and process optimization to minimize N2O emissions.
Strategic Players Driving the Adipic Acid Market Forward :
Asahi Kasei Corporation, BASF SE, Invista, Lanxess AG, Radici Group, Ascend Performance Materials LLC, DSM, Verdezyne, PetroChina Liaoyang Petrochemical, Shandong Haili chemical industry company, Rennovia, Sumitomo Chemical Co., Ltd, Rhodia, and others.
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Segment Covered in the Adipic Acid Market:
By Application - Nylon 66 fiber, Nylon 66 resin, Polyurethane, Adipate Ester, Others
By End User - Food industry, Automotive, Construction, Electrical appliances, Health care, Others (includes textiles)
Regional Analysis for Adipic Acid Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Most Frequently Asked Questions in the Adipic Acid Market Research Industry:
✒ What are the primary drivers fueling growth in the Adipic Acid Market today?
✒ Which companies are currently leading innovation and market share in the Adipic Acid Market?
✒ In what ways is the current regulatory environment influencing the Adipic Acid Market's trajectory?
✒ Which geographic regions are forecasted to experience the strongest growth in the Adipic Acid Market-and why?
✒ What are the key barriers or challenges that could limit the growth of the Adipic Acid Market?
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