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Adipic Acid Market is Anticipated to Expand upto $9.17 Billion in 2029
Adipic Acid
What Is the Forecasted Market Growth Rate of the Adipic Acid Industry?
In recent times, the market size for adipic acid has seen a consistent increase. A surge from $7.11 billion in 2024 to $7.46 billion in 2025 has been projected, with a compound annual growth rate (CAGR) of 4.9%. The past growth can be traced back to various factors including the high demand for nylon, the expansion of the synthetic fibre industry, global conflicts as well as synthetic materials, the impact of globalization and trade, and the growth in electronics and consumer products.
How Will the Adipic Acid Market Size Evolve From 2025 to 2029?
The market size of adipic acid is anticipated to witness robust expansion in the upcoming years, reaching $9.17 billion in 2029 with a compound annual growth rate (CAGR) of 5.3%. Factors driving this surge during the forecasted period include growth in the textile industry, alterations in consumer behavior and preferences, infrastructure advancement, automotive fuel efficiency norms, and initiatives to alleviate climate change. Key trends within this timeframe encompass biotechnological production, sustainable feedstocks, joint efforts with carbon capture, decarbonisation, integration of renewable energy, and state-of-the-art analytical and monitoring instruments.
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What Are the Main Growth Drivers in the Adipic Acid Market Today?
The adipic acid market's growth is likely to be fueled by the expanding automobile industry. This industry encompasses a wide range of firms and activities, including designing, creating, producing, promoting, and retailing motor vehicles. Factors like the increasing need for personal transportation, economic expansion, and urbanization are contributing to the growth of the auto industry. In terms of vehicle performance, durability, and aesthetics, adipic acid plays a vital role. It also contributes to vehicle efficiency and safety. For example, the Society of Motor Manufacturers and Traders, a prominent UK trade association, reported in April 2024 that the number of vehicles on UK roads had risen to 41.4 million in 2023, a 1.6% increase in car ownership to 35.7 million. As a result, the growing automobile industry is spurring the adipic acid market's expansion.
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Which Adipic Acid Market Segment Is Expected to Lead Through 2029?
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
Which Market Trends Are Expected to Dominate Adipic Acid Industry Growth?
Major corporations active in the adipic acid market are investing in innovative product development like environmentally-friendly Nylon 66 to stay competitive. This eco-friendly Nylon 66 is a nylon variant manufactured through sustainable methods and integrating recycled or bio-based components. An example is the August 2022 launch by Japan's Toray Industries Inc., a textile industry firm, of 100% bio-based adipic acid; a nylon 66 (polyamide 66) precursor derived from inedible biomass sugars. This ground-breaking 100% bio-based adipic acid can significantly cut carbon emissions and environment costs while preserving industry-required performance and quality standards. It promotes sustainable growth and caters to the growing demand for environmentally-friendly products.
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Which Companies Hold the Largest Market Share in the Adipic Acid Sector?
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.
Where Is the Adipic Acid Market Experiencing the Highest Growth?
Asia-Pacific was the largest region in the adipic acid market in 2024. 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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The market for adipic acid has experienced significant expansion in the past few years. Its expected size is projected to increase from $7.11 billion in 2024 to $7.56 billion in 2025, with a 6.3% compound annual growth rate (CAGR). The underlying factors for this growth during the historic period include the increased demand for nylon, a surge…
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Adipic acid manufacturers share the delivery of industrial grade adipic acid 99.8%. Shandong Aojin Chemical supplies adipic acid with guaranteed quality and sufficient inventory. Let's share our delivery live pictures below.
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