Adipic Acid Market Growth, Trends, Absolute Opportunity and Value Chain 2016-2026

Adipic acid is a dibasic dicarboxylic acid which is used extensively used in various end use industries such as food and beverage and automation. It is produced from cyclohexane and phenol. Adipic acid is used in various applications such as to manufacture lubricant components, polymers, nylon 66 and PVC (Polyvinyl chloride), etc. Adipic acid is also used is used in calcium carbonates to impart tart flavour .In addition to this, adipic acid is used in varied applications such as plasticizers, coatings and detergents. However major application of adipic acid is for nylon production. The global adipic acid market is anticipated to witness healthy single digit market growth over the forecast period in terms of value and volume.

Adipic Acid Market Segmentation

Global adipic acid market is segmented on the basis of application and region. Based on the application segmentation includes polyamide 66, polyurethane, adipic esters and others. Polyamide 66 is the leading application segment and expected to account for maximum revenue during the forecast period, followed by other application segment. Moreover, market growth is expected to increase due to rising demand of polyamide 66 in automotive industry.   It is used in manufacturing automotive components and as flavoring agent and gelling aid in food & beverage industry. However, Polyurethane is expected to witness fastest growth during the forecast period due the wide application of polyurethane for thermal insulation. Global adipic acid market is segmented on the basis of region into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Middle East and Africa and Japan.

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Adipic Acid Market: Region-wise Outlook

The global adipic acid market is expected to show significant growth over the forecast period due to growing automotive and electronic industry and wide application of adipic acid in nylon...