Adipic Acid Market
Global Adipic Acid Market Size, Share & Trends Analysis Report by End-Product (Nylon 66, Polyurethanes, Adipate Esters), By End-User (Healthcare, Food & Beverage, Electrical & Electronics, Automobile, and Others), Forecast Period 2020-2026 Update Available - Forecast 2024-2030
The global adipic acid market is projected to grow at a CAGR of over 3.0% during the forecast period. The major factors driving the growth of the market include the increasing demand for durable nylon 66 along with its regulation for safety purposes and new upcoming technics developed for its usage, and rising demand from the automotive industry. Moreover, the increasing demand for lightweight products in the automotive and electronics industries further gives a boost to the growth of the market. Adipic acid is a white, crystalline compound that is primarily used in the production of nylon 6,6. In addition, it is used for the production of polyurethanes, as a reactant to form plasticizers, lubricant components, and polyester polyols.
Segmental Outlook
The global adipic acid market is segmented on the basis of end-product, end-user industry, and region. By end-product, the market is segmented into Nylon 66, Polyurethanes, and Adipate Esters. Adipic acid is used in a number of applications such as plasticizers, unsaturated polyester resins, coatings, synthetic lubricants, wet paper resins, food additives, and more. Further, on the basis of the end-user industry, the market is segmented into automotive, electrical & electronics, food & beverages, pharmaceutical, and others.
Global Adipic Acid Market Share by Application, 2019 (%)
Adipic acid is used as a monomer for the production of nylon 6,6. Around 70-80% of adipic acid manufactured is used in the manufacturing of nylon 6,6. Other applications of adipic acid include polyurethanes and adipate esters. Polyurethane (PU) is projected to exhibit significant growth during the forecast period. There is a high demand for innovative PU foams in various end-use industries owing to their durability, versatility, low cost, and high functionality.
Regional Outlooks
Geographically, the study of the global adipic acid market covers the analysis of four major regions including North America (the US and Canada), Europe (UK, Germany, Italy, Spain, France, and Rest of Europe), Asia-Pacific (China, India, Japan, and the Rest of Asia-Pacific) and the Rest of the World (Latin America and the Middle East & Africa). North America is estimated to contribute a prominent share to the global adipic acid market.
Global Adipic Acid Market Growth by Region, 2020-2026
Asia-Pacific will Have Considerable Growth in the Global Adipic Acid Market
Countries in Asia-Pacific including India, Japan, and china have rising demand for adipic acid. The varied industries where the utilization of adipic acid is soaring include consumer electronics, the automobile sector, and the food industry among others. The Asia-Pacific region is adopting a lot of strategic initiatives for the market and is a prime region in terms of consumption as well. Manufacturers of adipic acid are taking advantage of the market's cheap and ample raw material.
Market Players Outlook
Further, the report covers the analysis of various players operating in the market. Some of the key players covered in the report include Asahi Kasei Corp., Ascend Performance Materials LLC, BASF SE, Invista, Sumitomo Chemical Co., Ltd, and LANXESS AG. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in May 2020, BASF SE announced the acquisition of the polyamide division of Solvay, which is a Belgian chemical manufacturer. The acquisition enabled BASF to increase its polyamide product portfolio by including well-known products including Technyl.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global adipic acid market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Regulations
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Asahi Kasei Corp.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. BASF SE
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. LANXESS AG
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Sumitomo Chemical Co., Ltd.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Adipic Acid Market By End-Product
5.1.1. Nylon 66
5.1.2. Polyurethanes
5.1.3. Adipate Esters
5.2. Global Adipic Acid Market By End-User
5.2.1. Pharmaceutical
5.2.2. Food & Beverage
5.2.3. Electrical &Electronics
5.2.4. Automobile
5.2.5. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Asahi Kasei Corp.
7.2. Ascend Performance Materials LLC
7.3. BASF SE
7.4. Chemwill Asia Co., Ltd.
7.5. DOMO Chemicals GmbH
7.6. Haihang Industry Co. Ltd.
7.7. HUAFENG GROUP
7.8. Invista
7.9. LANXESSAG
7.10. Liaoyang Tianhua Chemical Co.,Ltd.
7.11. PetroChina Co.Ltd.
7.12. Radici Partecipazioni SpA
7.13. Shenma Industrial Co. Ltd.
7.14. Solvay SA
7.15. Sumitomo Chemical Co., Ltd
7.16. Tokyo Chemical Industry Co. Ltd.
1. GLOBAL ADIPIC ACID MARKET RESEARCH AND ANALYSIS BY END-PRODUCT, 2019-2026($ MILLION)
2. GLOBAL NYLON 66 MARKET RESEARCH AND ANALYSIS BY REGION,2019-2026 ($ MILLION)
3. GLOBAL POLYURETHANES MARKET RESEARCH AND ANALYSIS BY REGION,2019-2026 ($ MILLION)
4. GLOBAL ADIPATE ESTERS MARKET RESEARCH AND ANALYSIS BY REGION,2019-2026 ($ MILLION)
5. GLOBAL ADIPIC ACID MARKET RESEARCH AND ANALYSIS BY END-USER, 2019-2026 ($ MILLION)
6. GLOBAL ADIPIC ACID IN PHARMACEUTICAL MARKET RESEARCH AND ANALYSIS BY REGION,2019-2026 ($ MILLION)
7. GLOBAL ADIPIC ACID IN ELECTRICAL &ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION,2019-2026 ($ MILLION)
8. GLOBAL ADIPIC ACID IN AUTOMOBILE MARKET RESEARCH AND ANALYSIS BY REGION,2019-2026 ($ MILLION)
9. GLOBAL ADIPIC ACID IN FOOD & BEVERAGE MARKET RESEARCH AND ANALYSIS BY REGION,2019-2026 ($ MILLION)
10. GLOBAL ADIPIC ACID IN OTHER END-USER MARKET RESEARCH AND ANALYSIS BY REGION,2019-2026 ($ MILLION)
11. GLOBAL ADIPIC ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. NORTH AMERICA ADIPIC ACID MARKET RESEARCH AND ANALYSIS BY END-PRODUCT, 2019-2026 ($ MILLION)
13. NORTH AMERICA ADIPIC ACID MARKET RESEARCH AND ANALYSIS BY END-USER, 2019-2026 ($ MILLION)
14. NORTH AMERICA ADIPIC ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
15. EUROPE ADIPIC ACID MARKET RESEARCH AND ANALYSIS BY END-PRODUCT, 2019-2026 ($ MILLION)
16. EUROPE ADIPIC ACID MARKET RESEARCH AND ANALYSIS BY END-USER, 2019-2026 ($ MILLION)
17. EUROPE ADIPIC ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
18. APAC ADIPIC ACID MARKET RESEARCH AND ANALYSIS BY END-PRODUCT, 2019-2026 ($ MILLION)
19. APAC ADIPIC ACID MARKET RESEARCH AND ANALYSIS BY END-USER, 2019-2026 ($ MILLION)
20. APAC ADIPIC ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
21. REST OF THE WORLD ADIPIC ACID MARKET RESEARCH AND ANALYSIS BY END-PRODUCT, 2019-2026 ($ MILLION)
22. REST OF THE WORLD ADIPIC ACID MARKET RESEARCH AND ANALYSIS BY END-USER, 2019-2026 ($ MILLION)
1. GLOBAL ADIPIC ACID MARKET SHARE BY END-PRODUCT, 2019 VS 2026 (IN %)
2. GLOBAL ADIPIC ACID MARKET SHARE BY END-USER, 2019 VS 2026 (IN %)
3. GLOBAL ADIPIC ACID MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (IN %)
4. GLOBAL NYLON 66 MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
5. GLOBAL POLYURETHANES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
6. GLOBAL ADIPATE ESTERS MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
7. GLOBAL ADIPIC ACID IN PHARMACEUTICAL MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
8. GLOBAL ADIPIC ACID IN ELECTRICAL &ELECTRONICS MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
9. GLOBAL ADIPIC ACID IN AUTOMOBILE MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
10. GLOBAL ADIPIC ACID IN FOOD & BEVERAGE MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
11. GLOBAL ADIPIC ACID IN OTHER END-USER MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
12. US ADIPIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
13. CANADA ADIPIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
14. UK ADIPIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
15. GERMANY ADIPIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
16. SPAIN ADIPIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
17. FRANCE ADIPIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
18. ITALY ADIPIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
19. REST OF EUROPE ADIPIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
20. INDIA ADIPIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
21. CHINA ADIPIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
22. JAPAN ADIPIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
23. REST OF ASIA-PACIFIC ADIPIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
24. REST OF THE WORLD ADIPIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
