The Global Adipic Acid Market is expected to reach USD 8.99 Billion by 2027, according to a new report by Reports and Data. Adipic acid finds substantial application in the production of nylon-66, which is deployed in the automotive industry for use in engine covers, air intake manifolds, tires, airbag containers, and headlamp covers, among various others interior and exterior automotive parts. An increasing emphasis on reduction of vehicular weight to increase fuel-efficiency is expected to drive the demand for nylon in the upcoming years. Moreover, nylon is suitable for high-performance applications in automobiles, such as mechanical strength, wear & abrasion, chemical & temperature resistance, flexibility, moldability, and ease of processing. Thus, the increasing demand for nylon-66, in turn, would drive the growth of the adipic acid market.
Rapid growth of the electronics industry is likely to spur the market demand in the forecast period. In the electrical & electronics applications, nylon-66 is used where specific tests (such as GWIT, UL94) need to be passed. Nylon-66 is flame-retardant and is commercially available as non-halogenated & halogenated FR solutions. Furthermore, the polymer finds applications in the industry where there is an escalating demand for high-temperature resistance and thin designs owing to miniaturization.
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Adipic acid is generally added as the main acid constituent in bottled drinks to impart a bubbly fizz as well as to give a tart taste to fruit juice. The organic acid finds usage in several powdered food and drink mixes to deliver a sweet flavor. Additionally, adipic acid lets jam, jelly, and gelatin to jiggle while holding their shape. The acid adds texture to certain types of cheese and serves as a leavening agent in baking powder, baked goods, and cake mixes. Food oil producers add adipic acid to their edible oils to prolong the time it takes for bottled oils to turn into rancid.
Further key findings from the report suggest
For the purpose of this report, Reports and Data have segmented the global adipic acid market on the basis of raw materials, application, industry verticals, and region:
Raw Materials Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Industry Verticals Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Regional Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Key questions addressed in the global Adipic Acid market report:
Table of Content:Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique
Chapter 2. Executive Summary 2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Adipic Acid Segmentation & Impact Analysis 4.1. Adipic Acid Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Rapid growth of the electronics industry 4.2.2.2. Increasing demand of Adipic acid in the cosmetic industry 4.2.2.3. Increasing investments in R&D in textile production technology 4.2.3. Market restraints analysis 4.2.3.1. Strict regulatory norms 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price trend Analysis
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Chapter 5. Adipic Acid Market By Raw Materials Insights & Trends
5.1. Raw Materials dynamics & Market Share, 2019 & 2027 5.2. Cyclohexane 5.2.1. Market estimates and forecast, 2016 – 2027 (USD Million) (Kilo Tons) 5.2.2. Market estimates and forecast, by region, 2016 – 2027 (USD Million) (Kilo Tons) 5.3. Cyclohexanol/Cyclohexanone (KA oil) 5.3.1. Market estimates and forecast, 2016 – 2027 (USD Million) (Kilo Tons) 5.3.2. Market estimates and forecast, by region, 2016 – 2027 (USD Million) (Kilo Tons) 5.4. Others 5.4.1. Market estimates and forecast, 2016 – 2027 (USD Million) (Kilo Tons) 5.4.2. Market estimates and forecast, by region, 2016 – 2027 (USD Million) (Kilo Tons)
Chapter 6. Adipic Acid Market By Application Insights & Trends
Chapter 7. Adipic Acid Market By Industry Verticals Insights & Trends
Chapter 8. Adipic Acid Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles 10.1. Asahi Kasei Corporation 10.1.1. Company Overview 10.1.2. Financial Performance 10.1.3. Technology Insights 10.1.4. Strategic Initiatives 10.2. Ascend Performance Materials 10.2.1. Company Overview 10.2.2. Financial Performance 10.2.3. Technology Insights 10.2.4. Strategic Initiatives 10.3. Invista 10.3.1. Company Overview 10.3.2. Financial Performance 10.3.3. Technology Insights 10.3.4. Strategic Initiatives 10.4. BASF SE 10.4.1. Company Overview 10.4.2. Financial Performance 10.4.3. Technology Insights 10.4.4. Strategic Initiatives 10.5. Petro China Company Limited 10.5.1. Company Overview 10.5.2. Financial Performance 10.5.3. Technology Insights 10.5.4. Strategic Initiatives 10.6. Radici 10.6.1. Company Overview 10.6.2. Financial Performance 10.6.3. Technology Insights 10.6.4. Strategic Initiatives 10.7. Lanxess AG 10.7.1. Company Overview 10.7.2. Financial Performance 10.7.3. Technology Insights 10.7.4. Strategic Initiatives 10.8. Rhodia 10.8.1. Company Overview 10.8.2. Financial Performance 10.8.3. Technology Insights 10.8.4. Strategic Initiatives 10.9. Sumitomo Chemical Co. Ltd. 10.9.1. Company Overview 10.9.2. Financial Performance 10.9.3. Technology Insights 10.9.4. Strategic Initiatives 10.10. Dow Chemical Company 10.10.1. Company Overview 10.10.2. Financial Performance 10.10.3. Technology Insights 10.10.4. Strategic Initiatives
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