Adipic Acid Market Expansion Continues, with Forecast Valuation of $9.54 Billion by 2029

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Adipic Acid Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The adipic acid industry has been expanding rapidly over the past few years. The market is expected to rise from a value of $7.11 billion in 2024 to $7.56 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.3%. The historical period's growth can be credited to factors like increased demand for nylon, the surge of synthetic fibers, worldwide conflicts and synthetic materials, globalization and commerce, and the growth of electronics and consumer goods.

Adipic Acid Market Size Forecast: What's the Projected Valuation by 2029?
The market size of adipic acid is projected to robustly expand in the coming years, with expectations to surge to $9.54 billion in 2029, reflecting a compound annual growth rate (CAGR) of 6.0%. The predicted market advancement during the forecast period is largely due to factors such as the expansion of the textile industry, changes in consumer behavior and preferences, infrastructure development initiatives, automotive fuel efficiency norms, and measures to mitigate climate change. Key trends anticipated for the forecast period are the production of adipic acid through bio-technological methods, the use of sustainable raw materials, incorporation with carbon capture, the process of decarbonization, integration with renewable energy sources, and the application of innovative analytical and monitoring instruments.

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What Are the Drivers Transforming the Adipic Acid Market?
The adipic acid market is predicted to thrive on the back of the booming automobile industry. This industry encompasses a range of entities and tasks including design, development, manufacturing, marketing and sale of vehicles. Factors such as rising need for personal transportation, economic progress and urbanization are catalyzing the growth of the automobile industry. Adipic acid significantly augments the function, durability, and appearance of automotive components and materials by optimizing the efficiency and safety of cars. For example, Society of Motor Manufacturers and Traders, a powerful trade association in the UK, reported in April 2024 that the quantity of vehicles on UK roads escalated to 41.4 million in 2023, a 1.6% rise in car ownership to 35.7 million. Consequently, the thrive in the automobile industry stimulates the adipic acid market's progress.

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What Long-Term Trends Will Define the Future of the Adipic Acid Market?
Leading enterprises in the adipic acid market are shifting their focus to conceive novel products like Eco-Friendly Nylon 66 to secure a competitive position in the marketplace. Eco-friendly Nylon 66 is a type of nylon, synthesized with eco-friendly techniques and comprises recycled or bio-based ingredients. For instance, Toray Industries Inc., a textile corporation based out of Japan, introduced a 100% Bio-Based Adipic Acid. This product, an integral raw material for Nylon 66 (polyamide 66), is made from sugars obtained from non-edible biomass. This ground-breaking solution, the 100% bio-based adipic acid, holds the potential to considerably lower carbon emissions and environmental damage, all the while maintaining the industry-required performance and quality standards. It furthers sustainable growth while catering to the growing need for eco-friendly products.

Which Segments in the Adipic Acid Market Offer the Most Profit Potential?
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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Which Firms Dominate the Adipic Acid Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in the Adipic Acid Market?
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.

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