Global Adipic Acid Market 2018 Industry Research Report provide the details about Industry Overview and analysis about Cost Structure, Sales Revenue, Sales Volume, Gross Margin and Sale Price, Major Manufacturers, Industry Chain Structure, New Project SWOT Analysis with Development Trends and Forecasts 2022.
Synopsis of Adipic Acid Market:
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.
Some of the prominent players operating in the global adipic acid market are INVISTA (U.S.), PetroChina Company Limited (China), Asahi Kasei Corporation (Japan), Ascend Performance Materials (U.S.), BASF SE (Germany), LANXESS (Germany), Radici Partecipazioni SpA (Italy), Solvay S.A. (Belgium), Sumitomo Chemical Co., Ltd. (Japan), BioAmber Inc (U.S.), Shandong Hongye Chemical Company, Ltd. (China) among others.
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.
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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.
The reaction between cyclohexanol and cyclohexanone can synthesize adipic acid. It is one of the prominent types of aliphatic dicarboxylic acids due to their significant usage as a feedstock in the manufacturing of industrial fibers. They possess excellent properties such as superior durability, extreme weather performance, and chemical resistant which make them suitable for the utilization in numerous ends use industries such as automotive, textile, packaging & consumer goods, electrical & electronics, building & construction, and others.
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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- Adipic acid manufacturers
- Traders and Distributors of adipic acid
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
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