Adipic Acid Market_PPT
                     Adipic Acid MARKET 2020
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Adipic Acid MARKET 2020
Adipic Acid Market 2020: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
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.
Some of the prominent factors that positively influence the growth of the adipic acid market are growing demand for domestic 
appliances, increasing per capita disposable income, and increasing consumption of adipic acid in packaging & consumer goods. 
Additionally, booming building & construction industry and increasing usage of plastic products in commercial, as well as 
residential sector are estimated to drive the demand for adipic acid over the forecast period. Furthermore, increasing demand for 
lightweight automobile parts along with rising automotive production and sales in developing countries is estimated to drive the 
demand for adipic acid over the forecast period. However, fluctuating crude oil price has strong influence on the synthetically raw 
material price which is likely to hinder the growth of the market.
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Adipic Acid MARKET 2020
Market Segmentation:
The global adipic acid market is classified on the basis of application, end-use industries, and region. On the basis of application, 
the market is classified into polyurethane, nylon 6,6 fiber, nylon 6,6 resin, adipate esters, and others. Among these, nylon 6,6 fiber 
accounted for the largest market share in 2015 and is predicted to retain their dominance over the forecast period due to 
increasing usage in automotive industry. Moreover, it is used as a flavoring and gelling agent in food industry. Continuous growth 
of food & beverage industry on account of changing food habits combined with expanding population is estimated to rise the 
market growth over the assessment period. On the basis of end-use industries, the market is categorized into automotive, 
electrical & electronics, packaging & consumer goods, building & construction, textile, and others. Others end-use industries 
include food, medical, and furniture. Among the end use industries segment, automotive is expected to witness significant growth 
due to increasing automotive production and sales in developed and developing countries. Packaging and consumer goods 
segment are predicted to witness healthy growth due to increasing demand for household appliances along with increasing 
disposable income.
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Adipic Acid MARKET 2020
Regional Analysis
The Asia Pacific is predicted to dominate the adipic market followed by Europe and North America due to increasing demand from 
automotive, electrical & electronics, and consumer goods. Various countries of the Asia Pacific such as Japan, Thailand, India, 
China, Vietnam, Malaysia, and South Korea are the fastest growing adipic acid market across the globe and is expected to grow 
with the same pace over the forecast period. Some of the factors that are attributed to the growth of the market in the Asia Pacific 
are increasing middle-class population, rising number of working professionals, competitive production costs, and ease in 
availability of raw material. European adipic acid market is estimated to witness steady growth on account of significant demand 
from automobile manufacturers. North America adipic acid market is predicted to witness a steady growth since the U.S, and 
Canada is the major contributors on account of growing textile and healthcare sector along with increasing maintenance of 
building & construction activities.
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Adipic Acid MARKET 2020
Application & Major Players in this Research:
Adipic Acid Market Prominent Players:
The major players operating in the 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.
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