Adipic Acid Market Key Highlights:
- Market Size (2024): USD 6,011 Million
- Projected Market Size (2034): USD 9,335 Million
- CAGR (2024-2034): 4.5%
Pricing Analysis:
- Price Growth
- Regional Variations
Volume Analysis:
Import-Export Data
- Major Importers
- Major Exporters
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Price by Manufacturer
- Examination of pricing strategies
Adipic Acid Market Definition
The adipic acid is an essential component of the petrochemical industrial synthesis. The adipic acid market refers to the synthesis of adipic acid by ensuring safety, quality, and environmental sustainability. Several chemical industries are shifting towards green energy goals or producing biodegradable and environmentally safe products. The utilization of cyclohexane and phenol in the synthesis of this chemical product is gaining popularity. The rising demand for electronic goods like smartphones, tablets, LED TVs, and other devices shortly will raise the need for chemical synthesis and manufacturing of products.
The chemical properties of acids that are useful in the design and development of any new product are another major impacting factor responsible for widespread product applications. Asahi Casei Corporation, Rhodia, BASF SE, Ascend Performance Materials, etc. are identified as the key industrial players in the adipic acid market. The outstanding applications of adipic acid in the production of nylon 66 fibers, nylon 66 resins, polyurethanes, and adipate esters are significant. A wide range of potential end users including industries like automotive, textiles, FMCG, electrical and electronics, and home appliances recognized the importance of adipic acid in the market. Moreover, Asia Pacific dominated the adipic acid market while North America is expected to hold a leading position in this market during the forecast period.
Adipic Acid Market Segmentation:
By Type
- Cyclohexane Oxidation
- Cyclohexene Oxidation
- Phenol Hydrogenation
By Application
- Nylon 6,6
- Polyurethanes
- Adipic Esters
- Others
Adipic Acid Market Companies:
- Invista
- Solvay
- Ascend
- BASF
- Radici
- Asahi Kasei
- Lanxess
- Haili
- Huafon
- Shenma Industrial
- Hualu Hengsheng
- Liaoyang Sinopec
- Hongye
- Tianli
- Yangmei Fengxi
- Zhejiang Shuyang
- Kailuan Group
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