Adipic Acid Market Growth Analysis, Trends Forecast by Regions and Types to 2025
25th October 2018 - Global Adipic Acid Market is segmented on the
basis of application, and region. Adipic acid is a white crystalline powder.
This organic compound with the formula (CH2)4(COOH)2 is the most important
synthetic dicarboxylic acid annually produced, mainly used as a precursor for
the production of nylon. Adipic acid is also used in the chemical industry to
produce other polymers, coatings, plasticizers and detergents. Historically,
adipic acid was prepared from various fats by oxidation. Presently, adipic acid
is made from a mixture of cyclohexanone and cyclohexanol called “KA oil”
(ketone-alcohol oil). The KA oil is oxidized using nitric acid to produce
adipic acid, via a multistep pathway. About 2.5 billion kilograms of this white
crystalline powder is produced annually, mainly as a precursor for the
production of nylon.
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Adipic acid has been incorporated into controlled-release
tablets to obtain a pH-independent release for both weakly basic and weakly
acidic drugs. It has also been incorporated into polymeric coatings of
hydrophilic monolithic systems to modulate the pH, resulting in zero-order
release of a hydrophilic drug. Increasing applications in paints &
coatings, synthetic fibers, and low-temperature lubricants are expected to
positively affect the industry. Growing paints & coatings demand due to
increasing infrastructure spending is expected to boost market growth. It is
mainly produced from petroleum derivatives such as cyclohexane, benzene, and
phenol as its occurrence in nature is very rare.
Adipic acid having high purity grade is used for processing
polyurethane and the one maintaining low purity grade is utilized for
polyurethane production. Polyurethane is expected to grow at a significant
growth rate over the forecast period. Nylon resin has wide application scope in
footwear and thermal insulation industries. Global Adipic Acid Industry is
classified, by application into Nylon 6, 6 Fiber, Nylon 6, 6 Resin, Polyurethane,
Adipate Esters, and others.
Nylon 6, 6 Fiber was the largest application segment in
terms of volume. Increasing demand from automotive industry is expected to lead
this application segment. It is used in manufacturing automotive components and
as a flavorant and gelling aid in food & beverage industry due to changing
habits joined with population expansion is expected to increase the adipic acid
market size over the forecast period.
The major manufacturers covered in
this report
•
INVISTA
•
Rhodia
•
Ascend
•
BASF
•
Radici
•
Asahi Kasei
•
DuPont
•
LANXESS
•
Haili
•
Huafon
•
Shenma Industrial
•
Hualu-Hengsheng
•
Zhejiang Shuyang
•
Kailuan Group and many others
On the basis of product, this
report displays the production, revenue, price, market share and growth rate of
each type, primarily split into
•
Cyclohexane Oxidation
•
Cyclohexene Oxidation
•
Phenol Hydrogenation
On the basis of the end
users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate for
each application, including
•
Nylon 6,6
•
Polyurethanes
•
Plasticizers
•
Others
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Global
Adipic Acid Market is segmented, geographically into North America, Europe
(Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and
Africa. In terms of production and consumption APEJ is the biggest market for
the adipic acid. The main markets in APEJ region include India and China, which
are estimated to exhibit double digit CAGR due to comparatively relaxed
regulation and high demand from the automotive manufacturers markets followed
by APEJ.
Middle
East and Africa, which will be a main participant in the Adipic Acid market in
future. North America is one of the largest markets for adipic acid in terms of
consumption. Though, the demand in this region is diffident and is expected to
exhibit a diffident growth in forthcoming years for adipic acid due to its high
demand in the automotive industry, but the market in this region is limited due
to the presence of strict regulations.

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