The finest Adipic Acid market report describes CAGR value fluctuation during the forecast period of 2021-2028 for the market. It is the most suitable, rational, and admirable market research report provided with a devotion and comprehension of business needs. The market report also comprises drivers and restraints for the market that are obtained with the help of SWOT analysis and also show all the recent developments, product launches, joint ventures, mergers, and acquisitions by the several key players and brands with their systemic company profiles that are driving the market. Adipic Acid is the most capable market research report which has been prepared in the way anticipated.
Global Adipic Acid Market was valued at USD 5.55 billion in 2021 and is expected to reach USD 8.14 billion by 2029, registering a CAGR of 4.91% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Browse Full Report Along With Facts and Figures @ t https://www.databridgemarketresearch.com/reports/global-adipic-acid-market
Market Overview:
Adipic acid is basically a white, crystalline compound that is generally utilized in the production of nylon 6, 6. From a commercial standpoint, it is one of the essential acids available as aliphatic dicarboxylic acids. It is also used to produce polyurethanes as a reactant to form plasticizers, lubricant components, and polyester polyols. In most synthetic fiber manufacturing industries, adipic acid is typically produced through the oxidation of cyclohexane or other petroleum-based feedstock. According to statistics, cyclohexane is responsible for the production of more than half of adipic acid. The remainder is derived from cyclohexene and uncoupled cyclohexanol/cyclohexanone (KA oil).
Adipic Acid Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
Increased Utilization Across End Users
The growing preference for durable and lightweight products in the construction, automotive, and electronics industries, the expansion of the construction industry for the production of insulation materials, housing electronics, and exterior panels, the commercialization of bio-adipic acid, and rising demand due to environmentally friendly chemical processes are all factors that will likely accelerate the growth of the adipic acid market during the forecast period.
The rapid industrialization and continuous growth of the packaging and consumer goods industry will further propel the growth rate of adipic acid market. Additionally, the rising demand for high-quality plastic and improved lifestyle along with the rising demand for comfortable and durable furniture will also drive market value growth. The increasing pressure for clean air and water, and the need to improve the standard of processing and manufacturing end-products are projected to bolster the growth of the market.
Some of the major players operating in the adipic acid market are
l INVISTA (U.S.)
l Asahi Kasei Corporation (Japan)
l TCI Chemicals (India) Pvt. Ltd., (India)
l Rhodia Pads (France)
l Ascend Performance Materials (U.S.)
l Tian Li High & New Tech. Co., Ltd., (China)
l Tangshan Zhonghao Chemical Co., Ltd. (China)
l BASF SE (Germany)
l LANXESS (Germany)
l Radici Partecipazioni SpA (Italy)
l Solvay S.A. (Belgium)
l Sumitomo Chemical Co., Ltd. (Japan)
l DSM (Netherlands)
l ARD (Canada)
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