Adipic Acid Market 2018 Promising Growth Opportunities, Leading Players Updates, Competitive landscape, Upcoming Opportunities Forecast 2023 | Market Research Future

Adipic Acid Market 2018 Size, Share, Growth, Forecast 2023
Global adipic acid market research report- information by application (polyurethane, nylon 6,6 fiber, nylon 6,6 resin, adipate esters, and others), end-use industries (automotive, electrical & electronics, packaging & consumer goods, building & construction, textile, and others) region – Forecast till 2023

Adipic Acid Market Overview:

Adipic acid is a white crystalline organic acid, which possesses six carbon atom and two carboxylate groups attached to the terminal carbons in the chain. Adipic acid is predominantly used as a buffer, acidifier, gelling aid, and sequestrant. It is utilized in confectionery, fats, cheese analogs, flavoring extracts, and fats. Moreover, they possess unique properties, which make them suitable for utilization in various end-use industries such as packaging & consumer goods, building & construction, automotive, electrical & electronics, textile, and others. Others end-use industries include food, medical, and furniture.

As per our analysis, some of the important market factors and trends identified in the global adipic acid market include constant industrialization, rising demand for high-quality plastic, and continuous growth of the packaging & consumer goods industry. Moreover, growing application of adipic acid in electrical & electronics sector is estimated to drive the growth of the market over the estimated period. Furthermore, huge spending on innovation to develop bio-based plastics and their increased usage in the automotive as well as electrical & electronics industry is estimated to extend growth opportunities to the global adipic acid market over the forecast years. Additionally, growing manufacturing of passenger cars along with increasing per capita disposable income of consumer in developing economies is estimated to fuel the growth of the adipic acid over the assessment period 2017-2023. 

Adipic Acid Market Key Players Analyzed in this report are:

  • INVISTA
  • Ascend Performance Materials
  • BioAmber Inc
  • Solvay S.A.
  • Shandong Hongye Chemical Company
  • Sumitomo Chemical Co
  • LANXESS
  • Asahi Kasei Corporation
  • BASF SE

 

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Adipic Acid Regional Analysis:

The global adipic acid market is spanned across five regions, Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific accounted for the largest market share in 2016 and is estimated to grow at a significant CAGR during the assessment period on account of the continuous growth of numerous end-use industries such as building & construction, automotive, and electrical & electronics among others. The demand for adipic acid is expected to fuel the market growth in the various countries of the Asia Pacific such as Japan, South Korea, India, Thailand, Taiwan, Malaysia, China, and Singapore on account of wide utilization by the automobile manufacturers. Furthermore, growing demand for packaged foods such as frozen meals and ready-to-eat meals is estimated to raise flexible packaging requirements, which is likely to propel the demand for adipic acid.

The Asia Pacific emerged as the largest adipic acid market followed by Europe and North America. North America is estimated to witness a steady growth in the adipic acid market due to the recovery of industrial sector along with increasing investments to revitalize electronics & consumer goods industry over the forecast period. In North American, countries such as the U.S and Canada are among the leading contributors to the regional adipic acid market share and are foreseeable to witness an average regional market growth on account of the strong consumer base for textile and packaging industry.

Latin American countries such as Mexico, Colombia, Brazil, and Venezuela are predicted to witness a significant growth on account of rising consumer spending on electrical & electronic products and rising automobile production and sales. In Europe, Germany, France, and Italy are among the major contributor to the regional market growth due to a strong base for automotive manufacturers along with increasing innovation and R&D activities to develop bio-based plastic. Moreover, the Middle East and Africa are expected to witness above-average growth over the estimated period on account of increasing building & construction activities in this region.

Adipic Acid Segmentation:

The global adipic acid market is segmented on the basis of application, end-use industries, and region. On the basis of the application, the market is classified into polyurethane, nylon 6,6 fiber, nylon 6,6 resin, adipate esters, and others. On the basis of the end-use industries, the market is classified into automotive, electrical & electronics, packaging & consumer goods, building & construction, textile, and others. Others end-use industries include food, medical, and furniture. On the basis of the region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

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Table Of Contents:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global Adipic Acid Market

LIST OF TABLES:

Table 1 World Population By Major Regions (2016 To 2023)

Table 2 Global Adipic Acid Market: By Region, 2016-2023

Table 3 North America Adipic Acid Market: By Country, 2016-2023

Table 4 Europe Adipic Acid Market: By Country, 2016-2023

Table 5 Asia-Pacific Adipic Acid Market: By Country, 2016-2023

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