Press release
Know Worldwide specifications of the Global Adipic Acid Market Size 2023-2033 | Top Key Players: Kemira, Solvay S.A., Altana AG, Clariant AG, Dow Inc., Lanxess AG, RUDOLF GmbH, Lubrizol, Evonik Industries AG, Uniqchem, Croda International, and Others.
Global Adipic Acid Market Size
Request To Download Free Sample copy of the report:
https://www.sphericalinsights.com/request-sample/8008
The adipic acid market is the global trade, production, and sale of adipic acid, a chemical compound used to make nylon, polyurethanes, and other industrial products. Polyester polyols for polyurethane systems, plasticizers, and lubricant components are all made from adipic acid in industries such as construction, automotive, and medical. Further, they are also employed in the food sector as well as in the manufacturing of textile treatment agents, fungicides, insecticides, dyes, and pharmaceuticals. The rising need for energy-efficient buildings, comfortable automobile interiors, and durable consumer goods leads to the demand for polyurethane, thereby offering lucrative market growth opportunities for adipic acid. The growing adoption of nylon 6,6 across multiple industries such as automotive, textile, carpet industry, electrical & electronic components, industrial machinery, and consumer goods is propelling the adipic acid market demand. On the contrary, the increasing environmental concerns about greenhouse gas emissions, especially nitrous oxide in adipic acid manufacturing are limiting the market growth.
The cyclohexane segment held the largest revenue share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the raw material, the adipic acid market is classified into cyclohexane, phenol, cyclohexanol, cyclohexanone, and benzene. Among these, the cyclohexane segment held the largest revenue share in 2023 and is expected to grow at a significant CAGR during the forecast period. Adipic acid is commercially manufactured from cyclohexane through the oxidation process. The quick industrialization and growth of the automotive and textile industries, which use cyclohexane and adipic acid extensively is driving the market in the cyclohexane segment.
The nylon 6,6 fiber segment accounted for the largest revenue share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the adipic acid market is classified into polyurethane, nylon 6,6 fiber, nylon 6,6 resin, adipate esters, and others. Among these, the nylon 6,6 fiber segment accounted for the largest revenue share in 2023 and is expected to grow at a significant CAGR during the forecast period. The global need for adipic acid is being driven by the growing use of nylon 6,6 fiber to create lightweight, durable plastic utilized in the quickly growing automotive, electrical, and electronics industries.
The electrical & electronics segment holds the largest market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the end-use, the adipic acid market is classified into automotive, electrical & electronics, packaging & consumer goods, building & construction, textile, and others. Among these, the electrical & electronics segment holds the largest market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Adipic acid finds suitable use in the electrical and electronics industry in circuit breakers, connectors, computer motherboards, power tool housings, and electronic device terminal blocks.
Buy Now this report: https://www.sphericalinsights.com/checkout/8008
Asia Pacific is estimated to hold the largest share of the adipic acid market over the forecast period.
Asia Pacific is estimated to hold the largest share of the adipic acid market over the forecast period. The growing automotive, textile, and construction industries along with the rapid urbanization in China and India are contributing to propelling the adipic acid market. The rising usage of adipic acid-derived nylon materials in clothing, sportswear, hosiery, and fashion accessories in the region is driving the market growth.
Europe is predicted to grow at the fastest CAGR in the adipic acid market over the forecast period. The increasing use of electronic devices like smartphones, computers, and televisions with the growing digitalization is contributing to driving the market for adipic acid. Additionally, the implementation of stringent regulations for reducing the environmental impact of carbon emissions and promoting recycling is contributing to propelling the adipic acid market.
Major key players in the global adipic acid market include BASF SE, Arkema SA, Kemira, Solvay S.A., Altana AG, Clariant AG, Dow Inc., Lanxess AG, RUDOLF GmbH, Lubrizol, Evonik Industries AG, Uniqchem, Croda International, and Others.
Access Full Report: https://www.sphericalinsights.com/reports/adipic-acid-market
Key Target Audience
Market Players
Investors
End-users
Government Authorities
Consulting And Research Firm
Venture capitalists
Value-Added Resellers (VARs)
Recent Developments
In August 2022, Toray Industries, Inc., announced that it has developed the world's first 100% bio-based adipic acid, a raw material for nylon 66 (polyamide 66), from sugars derived from inedible biomass.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the adipic acid market based on the below-mentioned segments:
Global Adipic Acid Market, By Raw Material
Cyclohexane
Phenol
Cyclohexanol
Cyclohexanone
Benzene
Global Adipic Acid Market, By Application
Polyurethane
Nylon 6,6 Fiber
Nylon 6,6 Resin
Adipate Esters
Others
Global Adipic Acid Market, By End-Use
Automotive
Electrical & Electronics
Packaging & Consumer Goods
Building & Construction
Textile
Others
Global Adipic Acid Market, By Regional Analysis
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of the Middle East & Africa
Related URLS
Internet Service Providers Market
https://www.sphericalinsights.com/reports/internet-service-providers-market
North America Elevator Market
https://www.sphericalinsights.com/reports/north-america-elevator-market
Clip-in Human Hair Extension Market
https://www.sphericalinsights.com/reports/clip-in-human-hair-extension-market
Metal Forming Tools Market
https://www.sphericalinsights.com/reports/metal-forming-tools-market
South Korea Neurovascular Devices/Interventional Neurology Market
https://www.sphericalinsights.com/reports/south-korea-neurovascular-devices-market
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Follow Us: LinkedIn | Facebook | Twitter
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Know Worldwide specifications of the Global Adipic Acid Market Size 2023-2033 | Top Key Players: Kemira, Solvay S.A., Altana AG, Clariant AG, Dow Inc., Lanxess AG, RUDOLF GmbH, Lubrizol, Evonik Industries AG, Uniqchem, Croda International, and Others. here
News-ID: 4177791 • Views: …
More Releases from Spherical Insights LLP
Lipase Market Size to Witness Steady Development During 2023-2033 | Top Key Play …
According to a research report published by Spherical Insights & Consulting, the Global Lipase Market Size is Expected to Grow from USD 611.4 Million in 2023 to USD 1625.8 Million by 2033, at a CAGR of 10.27% during the forecast period 2023-2033.
An enzyme found in proteins called lipase facilitates the body's absorption of fats from the diet. Hydrolytic enzymes called lipases are used to hydrolyze triglyceride molecules into…
Global Food Grade Alcohol Market Size, Share, Forecast 2023 - 2033 | Top key pla …
According to a research report published by Spherical Insights & Consulting, the Global Food Grade Alcohol Market Size is to Grow from USD 3.47 Billion in 2023 to USD 4.50 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 2.63% during the projected period.
Request To Download Free Sample copy of the report @- https://www.sphericalinsights.com/request-sample/7633
Food grade alcohol is also known as non-denatured alcohol or grain alcohol, which is safe…
Global Hip Replacement Market Size, Share, Forecast 2023 - 2033 | Top key player …
According to a research report published by Spherical Insights & Consulting, the Global Hip Replacement Market Size Expected to Grow from USD 7.68 Billion in 2023 to USD 11.37 Billion by 2033, at a CAGR of 4.00% during the forecast period 2023-2033.
Hip replacement, sometimes referred to as hip arthroplasty, is a surgical operation in which an artificial joint, or prosthesis, is used to replace a damaged or diseased hip…
Global Propiconazole Market Size, Share, Forecasts 2023 - 2033 | Top key players …
According to a research report published by Spherical Insights & Consulting, the Global Propiconazole Market Size is Expected to Grow from USD 2.39 Billion in 2023 to USD 4.92 Billion by 2033, at a CAGR of 7.49% during the forecast period 2023-2033.
Request To Download Free Sample copy of the report: https://www.sphericalinsights.com/request-sample/7999
The propiconazole market is a critical component of the agrochemical sector, playing a vital role in crop…
More Releases for Adipic
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,…
Increasing Automobile Industry Is Driving The Growth Of The Adipic Acid: Key Fac …
The Adipic Acid Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
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%.…
Major Market Shift in Adipic Acid Industry: Sustainable Innovation 100% Bio-Base …
What Is the Forecasted Market Size and Growth Rate for the Adipic Acid Market?
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…
Adipic acid manufacturers share industrial grade adipic acid 99.8% delivery
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.
Image: https://www.aojinchem.com/uploads/Adipic-acid-manufacturers.jpg Image: https://www.aojinchem.com/uploads/Adipic-acid.jpg Image: https://www.aojinchem.com/uploads/Adipic-Acid-Wholesale-Price.jpg
1. Synthetic nylon 66: Adipic acid is one of the main monomers for the synthesis of nylon 66. Nylon 66 is an important synthetic fiber used in many industries such as textiles, clothing, automobiles, and…
Market Metamorphosis: Adipic Acid Market Evolutionary Role
𝐆𝐫𝐨𝐰𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬, a renowned Market research firm, introduces its latest research report on the 𝐀𝐝𝐢𝐩𝐢𝐜 𝐀𝐜𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭, providing a detailed guide for businesses seeking growth progression. This report is meticulously crafted to aid in investment decisions, offering crucial insights and encouraging strategic investment discretion for new entrants aiming for seamless Market penetration.
𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐀𝐝𝐢𝐩𝐢𝐜 𝐀𝐜𝐢𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 https://growthmarketreports.com/request-sample/4162
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐀𝐝𝐢𝐩𝐢𝐜 𝐀𝐜𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:
The global…
Adipic Acid Market, Adipic Acid Market share, global Adipic Acid Market, Adipic …
The research is a great blend of qualitative and quantitative data, covering significant market developments, industry and competitive issues, gap analysis, and new opportunities and trends in the Adipic Acid Market. The report's goal is to give cutting-edge market knowledge and assist decision makers in making smart investment decisions by presenting an overview of the Global Flooring Adhesives Market. Additionally, the research identifies and analyses upcoming trends, as well as…
