Adipic Acid Market

Global Adipic Acid Market, By Raw Material (Cyclohexanol and Cyclohexanone), By End Product (Nylon 66 Fibers, Nylon 66 Engineering Resins, Polyurethanes, Adipate Esters and Others), By Application (Plasticizers, Unsaturated Polyester Resins, Wet Paper Resins, Coatings, Synthetic Lubricants, Food Additives and Others), By End User (Textiles, Food and Beverage, Cosmetics, Paints and Coatings, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2029

PMI45919 | Polymers and Resins

Mar 2019 | 143 | PDF

Adipic acid is an essential raw material for the commercial production of Nylon 6,6 which is the most important polyamides for industrial purpose. It is conventionally produced using various products derived from petroleum such as benzene, phenol and cyclohexane. Production of nylon is the main application of adipic acid and these materials are generally used in the manufacture of automobile components. Adipic acid has application in other sectors such as paints, plastic additives, food additives, polyurethane resins, low-temperature lubricants and synthetic fibers.

Increasing demand of nylon 66 leads to positive impact on the adipic acid market demand in India. Nylon 66 accounts for a majority share in adipic acid market. Continuous growing consumer electronics industry in Asia Pacific region is also one of the major factors contributing toward the industry development. Moreover, rising environmental concerns is expected to hamper the market growth which is inducing vendors to shift towards bio based adipic acid.

Global adipic acid market has been segmented on the basis of raw material, end product, application, end user and region.

On the basis of raw material, the global adipic acid market has been segmented into cyclohexanol and cyclohexanone. Based on end product, segments of the global adipic acid market are nylon 66 fibers, nylon 66 engineering resins, polyurethanes, adipate esters and others. On the basis of application, the global adipic acid market has been segmented into plasticizers, unsaturated polyester resins, wet paper resins, coatings, synthetic lubricants, food additives and others. Based on end user, the global adipic acid market is divided into textiles, food and beverage, cosmetics, paints and coatings, and others.

On the basis of region, the global adipic acid market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia-Pacific is the largest region in global adipic acids market, followed by Europe and North America. China, U.S., India countries of Asia Pacific and some other countries of Latin America are expected to growth of the global adipic acid markets over forecast period.

The key players operating in the global adipic acid market includes Ascend Performance Materials Inc., BASF SE, Verdezyne, PetroChina Liaoyang Petrochemical, Rennovia, Sumitomo Chemical Co., Ltd, Asahi Kasei Corporation, Invista, Lanxess Ag and Rhodia.

Overview:

Adipic acid is one of the most commercially important types of aliphatic dicarboxylic acids, since it is significantly used as a feedstock for the production of industrial fibers. It is generated from the oxidation of a mixture of cyclohexanol and cyclohexanone with nitric acid and alternatively can also be produced from butadiene carbonylation. The major consumption of adipic acid is as the feedstock for the production for nylon 6,6 resin and engineering fibers. The non-nylon applications of adipic acid include its usage in the manufacture of polyurethanes, plasticizers, food additives and pharmaceuticals.

Market Dynamics:

The increasing demand for adipic acid in the automotive, construction, and electronics industries as it is lightweight and durable product drive the growth of global adipic acid market. The adipic acid is used as a precursor to manufacture nylon 66, a widely used ingredient in advanced engineering products, which are used in the automobile, construction, footwear, furniture, and electrical and electronics industries. This factor is expected to propel the growth of the global adipic acid market. Increasing applications of adipic acid in various end-use industries, like paints & coatings, textiles, industrial appliances and food & packaging industry is expected to fuel growth of the adipic acid market over the forecast period. Raw material price fluctuation attributed with high production cost of synthetic based adipic acid is expected to be the key challenge for global adipic acid market growth over the forecast period. However, raw materials required for manufacturing the synthetic based adipic acid are petroleum and its derivatives, which require huge capital investment as compared to bio based adipic acid that could hinder the growth of synthetic based adipic acid market. For instance, on March 20, 2014, Rennovia Inc. and Johnson Matthey Davy Technologies Ltd.-collaborated to develop and commercialize the production technology for bio-based glucaric acid and adipic acid.

Regional Analysis:

For detailed understanding of market dynamics, the global adipic acid market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global adipic acid market. Asia-Pacific is expected to account for major revenue share in global adipic acid market. The chief markets in Asia Pacific region include India and China, which are forecasted to dominate the market owing to high demand from the automotive manufacturers coupled with the growing population in this region. For instance, Government of India plans to make India as an automobiles manufacturing hub by 2026, and the passenger vehicle segment is expected to reach 9.4 million units as highlighted in the Auto Mission Plan (AMP). Asia Pacific holds an excellent potential for market penetration as adipic acid’s supply in this region is disrupted due to low spot prices. North America is one of the major supply hubs for engineered polymers, therefore, making it a potential destination for adipic acid. Growing automobile industry in this region is estimated to be the major factor for the global adipic acid market growth Europe is anticipated to witness growth in upcoming years for adipic acid owing to its high demand in the automotive industry, but the market in this region is limited due to the presence of strict regulations.

Competitive Analysis:

Some of the prominent players operating in the global adipic acid market include Ascend Performance Materials Inc., BASF SE, Verdezyne, PetroChina Liaoyang Petrochemical, Rennovia, Sumitomo Chemical Co., Ltd, Asahi Kasei Corporation, Invista, Lanxess Ag and Rhodia. Advancements in the product as well as in manufacturing process, and product launches are some trends witnessed in the global adipic acid market. For instance, in 2018, BASF Animal Nutrition launches its Lucantin NXT product line in the EU 28 market. Lucantin NXT products deliver high homogeneity, outstanding stability and long shelf life while maintaining egg yolk and broiler skin coloring efficacy.

Market Taxonomy:

This report segments the global adipic acid market on the basis of raw material, end product, application, end user and region. On the basis of raw material, the global adipic acid market has been segmented into cyclohexanol and cyclohexanone. Based on end product, segments of the global adipic acid market are nylon 66 fibers, nylon 66 engineering resins, polyurethanes, adipate esters and others. On the basis of application, the global adipic acid market has been segmented into plasticizers, unsaturated polyester resins, wet paper resins, coatings, synthetic lubricants, food additives and others. Based on end user, the global adipic acid market is divided into textiles, food and beverage, cosmetics, paints and coatings, and others.

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Key features of the study:

Prophecy Market Insights provides detailed analysis on adipic acid market in our report- Global Adipic Acid Market by raw material, by end product, by application, by end user and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, customers demand, and regional outlook. The report delivers competitive analysis about leading players in the global adipic acid market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe. Various strategy matrices include in the report are PEST analysis, PORTER’s five forces analysis, and opportunity map analysis to analyze the adipic acid market.

Detailed Segmentation:

Global Adipic Acid Market, By Raw Material:

      • Cyclohexanol
      • Cyclohexanone

Global Adipic Acid Market, By End Product:

      • Nylon 66 Fibers
      • Nylon 66 Engineering Resins
      • Polyurethanes
      • Adipate Esters
      • Others

Global Adipic Acid Market, By Application:

      • Plasticizers
      • Unsaturated Polyester Resins
      • Wet Paper Resins
      • Coatings
      • Synthetic Lubricants
      • Food Additives
      • Others

Global Adipic Acid Market, By End User:

      • Textiles
      • Food and Beverage
      • Cosmetics
      • Paints and Coatings
      • Others

Global Adipic Acid Market, By Region:

      •  North America
        • North America Adipic Acid Market, By Raw Material
        • North America Adipic Acid Market, By End Product
        • North America Adipic Acid Market, By Application
        • North America Adipic Acid Market, By End User
        • North America Adipic Acid Market, By Country
          • U.S.
          • Canada
      • Europe
        • Europe Adipic Acid Market, By Raw Material
        • Europe Adipic Acid Market, By End Product
        • Europe Adipic Acid Market, By Application
        • Europe Adipic Acid Market, By End User
        • Europe Adipic Acid Market, By Country
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia-Pacific
        • Asia-Pacific Adipic Acid Market, By Raw Material
        • Asia-Pacific Adipic Acid Market, By End Product
        • Asia-Pacific Adipic Acid Market, By Application
        • Asia-Pacific Adipic Acid Market, By End User
        • Asia-Pacific Adipic Acid Market, By Country
          • China
          • India
          • Australia
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
        • Latin America Adipic Acid Market, By Raw Material
        • Latin America Adipic Acid Market, By End Product
        • Latin America Adipic Acid Market, By Application
        • Latin America Adipic Acid Market, By End User
        • Latin America Adipic Acid Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East
        • Middle East Adipic Acid Market, By Raw Material
        • Middle East Adipic Acid Market, By End Product
        • Middle East Adipic Acid Market, By Application
        • Middle East Adipic Acid Market, By End User
        • Middle East Adipic Acid Market, By Country
          • GCC
          • Israel
          • Rest of Middle East
      • Africa
        • Africa Adipic Acid Market, By Raw Material
        • Africa Adipic Acid Market, By End Product
        • Africa Adipic Acid Market, By Application
        • Africa Adipic Acid Market, By End User
        • Africa Adipic Acid Market, By Country
          • North Africa
          • Central Africa
          • South Africa

Company Profile:

      • Ascend Performance Materials Inc.*
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
      • BASF SE
      • Verdezyne
      • PetroChina Liaoyang Petrochemical
      • Rennovia
      • Sumitomo Chemical Co., Ltd
      • Asahi Kasei Corporation
      • Invista
      • Lanxess Ag
      • Rhodia

“*” marked represents similar segmentation in other categories in the respective section

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Raw Material
      • Market Snippet, By End Product
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis
  4. Global Adipic Acid Market, By Raw Material, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Cyclohexanol
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Cyclohexanone
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  5. Global Adipic Acid Market, By End Product, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Nylon 66 Fibers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Nylon 66 Engineering Resins
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Polyurethanes
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Adipate Esters
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Global Adipic Acid Market, By Application, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Plasticizers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Unsaturated Polyester Resins
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Wet Paper Resins
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Coatings
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Synthetic Lubricants
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Food Additives
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  7. Global Adipic Acid Market, By End User, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Textiles
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Food and Beverage
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Cosmetics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Paints and Coatings
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  8. Global Adipic Acid Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Raw Material, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-User, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Raw Material, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-User, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Raw Material, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-User, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Raw Material, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-User, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Raw Material, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-User, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
  9. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Ascend Performance Materials Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Verdezyne
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      •  PetroChina Liaoyang Petrochemical
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Rennovia
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Sumitomo Chemical Co., Ltd
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Asahi Kasei Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Invista
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Lanxess Ag
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • GuardTime AS Rhodia
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
    • Analyst Views
  1. Section
    • Research Methodology
    • About Us
    • Contact

 

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