Projeted Growth
Moderate

Growth Potential Meter

Adipic Acid Market by Process Type ( KA Oil ( Cyclohexane + Cyclohexene) Oxidation with nitric acid (HNO3), Carbonylation of Butadiene, Others) by Application ( Nylon 66, Synthetic Lubricants, Plasticizers, Coatings) by Industry Analysis, Volume, Share, Consumer Insight, Challenges, Trends, Strategies & Forecast 2028

Number of pages: 148 | Report Code: PSMR- PSMR-500078 | Report Format : PDF

Adipic Acid Market  Research Report

Report Coverage

Parameters Details

Base Year

2021

Historical Data

2016-2021

Forecast Data

2022-2028

Base Year Value (2021)

USD 7166.97 million

Forecast Value (2028)

USD 10152.06989 million

CAGR (2022 to 2029)

5.1 %

Regional Scope

North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW

Adipic Acid Market is estimated to grow at a CAGR of 5.1 % between 2022 and 2028

Overview

Adipic Acid also known as Hexanedioic acid is very important industrial compound used in various applications. In 2019 Global market of Adipic Acid Market is approximately valued at USD 6173.44 million & estimated to show CAGR of 5.1 % between 2020 to 2028. Expected CAGR is comparatively less than almost 1.2 % that of between 2014 to 2019. Market has seen small drop in growth percentage primarily due to increasing environmental concerns & majority of governments are tightening pollution laws around the globe.  


Product type & Competitive analysis

Adipic Acid being one of the most important monomers in the polymer industry can be manufactured with various chemical compounds using different process. Report analysed market for KA Oil ( Cyclohexane + Cyclohexene) Oxidation and Carbonylation of Butadiene process in details. Widely used method is KA Oil ( Cyclohexane + Cyclohexene) Oxidation with nitric acid (HNO3) . This process covers around 70 % of market share followed by Carbonylation of Butadiene. Even though KA oil Oxidation with nitric acid is easy process but also considered to be most environmental damaging due to copious amounts of nitrous oxide (N2O), a greenhouse gas production by the use of nitric acid (HNO3).  


Competitive analysis included in research study helps user to understand key players market positioning and marketing strategies. Adipic Acid manufacture always facing environmental pollution problems as it is insoluble in water and greenhouse gas produced during the manufacturing. According to New Jersey Dept of Health it Adipic Acid has many hazardous effects on Human-like breathing problem, irritation of Eyes & Skin. Manufactures needs to take precise measures to avoid these effects on workers. Market giants like BASF are investing more on R & D to reduce environment damage caused due to production of Adipic Acid. BASF N2O decomposition catalyst series O3-81 reduce N2O especially from Adipic Acid plants.  


Adipic Acid Market  Revenue Forecast 2022-2028

Application & Regional analysis

Application & Regional analysis

As a one of the most important monomers in the polymer industry Adipic Acid has many applications. Some of the primary applications of product include in manufacturing of Nylon 66, Synthetic Lubricants, and Plasticizers & Coatings. Adipic Acid in manufacturing of Nylon 66 generated around USD 5247 million revenue that is around 85 % of total revenue. Impressive resistance properties of Nylon 66 against heat as well as oil and grease driving the growth of Nylon 66 Market. Synthetic Lubricants and Plasticizers market is expected to show constant growth in forecasted years.  


Regional outlook of research study is based on analysis of Adipic Acid Market in North America, Europe, Asia Pacific, Middle East, South America, and Africa & Rest of the World. Currently, North America is market leader with around 38 % of market share followed by Europe & Asia Pacific. North America is expected to show constant demand growth in upcoming years due to Nylon 66 high usage in automobile tire cord. Asia Pacific is emerging as most lucrative market since 2009 primarily due to exponential growth in Automobile & Textile industry. Adipic Acid Market in Middle East also shown impressive growth rate primarily due to the establishment of manufacturing plants.  


Research study has extensively worked on supply-demand analysis that has become important parameter in Chemical industry. Supplier analysis helps to understand supply- demand scenario that certainly helps designed better manufacturing process. Analytical tools used while developing research studies include Porter's 5 Forces model, PESTEL analysis, SWOT analysis, market sizing. Opportunities and threat analysis has gained significant importance in recent years primarily due to dynamic nature of chemical industry.  


Adipic Acid Market  Analysis by Types & Growth 2022

  • KA Oil ( Cyclohexane + Cyclohexene) Oxidation with nitric acid (HNO3)
  • Carbonylation of Butadiene
  • Others

Global Adipic Acid Market: Application

  • Nylon 66
  • Synthetic Lubricants
  • Plasticizers
  • Coatings

Global Adipic Acid Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Adipic Acid Market:

  • Asahi Kasei
  • DuPont
  • Lanxess
  • Sumitomo Chemicals
  • BASF
  • DSM
  • Ascend Performance Materials
  • Invista
  • Rhodia
  • Ascend
  • Radici
  • Haili
  • Huafon
  • Shenma Industrial
  • Hualu-Hengsheng
  • Zhejiang Shuyang
  • Kailuan Group
  • Liaoyang Sinopec
  • Hongye
  • Tianli
  • Yangmei Fengxi

Geographical analysis of Global Adipic Acid Market:

  • North America
    • U.S.A
    • Canada
    • Mexico
    • Rest of NA
  • Europe
    • France
    • Germany
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Singapore
    • Rest of APAC
  • Latin America
  • Middle East
  • Africa
  • Rest of World

Adipic Acid Market Report delivers comprehensive analysis of following parameters :

  • Market Estimates & Forecast from 2022 to 2028

  • Market Intelligence to consolidate decisions

  • Market growth drivers, emerging and current market trends

  • Challenges and Opportunities overview

  • In-detailed segment & End user/application analysis

  • Top player Production insight, Revenue (Value), market share, recent developments & future outlook

  • Supply (Production), Consumption, Export-Import analysis

  • Covid 19 impact & sustainability strategies in a post-pandemic market


Frequently Asked Questions (FAQ)


Adipic Acid Market was valued at around USD 7166.97 million in 2021 & estimated to reach USD 10152.06989 by 2028.




Adipic Acid Market is likely to grow at compounded annual growth rate (CAGR) of 5.1% between 2022 to 2028.




segment dominated the global market in terms of revenue generation. region is likely to show the highest growth rate between 2021 to 2028.










Yes, the report includes COVID 19 impact on the market.



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    Adipic Acid Market  Covid 19 Impact Analysis
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