Adipic Acid Market Overview
The unique qualities of adipic acid are transforming the demand that is experienced in the market. Market reports connected with the chemicals and materials industry have been made available by Market Research Future which generates reports on other business verticals that outlines the current market scenarios. The market is positioned to achieve an optimistic CAGR in the duration of the forecast period.
The market for adipic acid is powered by factors such as continual industrialization, increasing demand for high-quality plastic, and constant growth in the packaging & consumer goods industry. The use of adipic acid in the electrical & electronics sector is expected to open up new prospects for growth as the industry is flourishing.
Top Key Players:
PetroChina Company Limited (China), BASF SE (Germany), Asahi Kasei Corporation (Japan), INVISTA (U.S.), LANXESS (Germany), Sumitomo Chemical Co., Ltd. (Japan), Radici Partecipazioni SpA (Italy), Ascend Performance Materials (U.S.), Solvay S.A. (Belgium), BioAmber Inc (U.S.), Shandong Hongye Chemical Company, Ltd. (China) among others.
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Adipic Acid Intended Audience:
- Adipic acid manufacturers
- Traders and Distributors of adipic acid
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
Adipic Acid Segments:
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.
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.
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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
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