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Adipic Acid Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020

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Global adipic acid market is expected to experience significant growth over the next six years on account of increasing industrial applications. Adipic acid is generally used in production of nylon for composite material which finds application in a
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Adipic Acid Market Analysis, Market Size, Application
Analysis, Regional Outlook, Competitive Strategies And
Forecasts, 2014 To 2020
Global adipic acid market is expected to experience significant growth over the next six years on account
of increasing industrial applications. Adipic acid is generally used in production of nylon for composite
material which finds application in automotive industry. Growing automotive industry is likely to propel
global adipic acid market over the forecast period. Adipic acid also finds application in plastic additives,
paints and coatings, polyurethane resins, food additives, low temperature lubricants, and synthetic
fibers. Growing paints industry on account of increasing infrastructure is expected to drive the global
adipic acid market over the forecast period.
Adipic acid is also used as flavorant and gelling aid in food industry. Growing food industry owing to
increasing population is likely to propel the market over the foreseeable period. Nylon fibers and nylon
resins have been the major application segment of adipic acid over the recent past. Growing Nylon
fibers demand in automotive industry is expected to be the major factor driving adipic acid market over
the next six years.
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Nylon resin being the important product of adipic acid finds application in footwear industry. Growing
automotive and footwear industry in emerging nation including Russia, China, India, and Brazil is
anticipated to have positive impact on adipic acid market over the next six years. Polyurethane is the
second major application of adipic acid. Polyurethane is expected to be the rapid growing application
segment over the forecast period owing to increasing application in thermal insulation and footwear.
Stringent government regulation in U.S. and Europe coupled with fluctuating raw material prices is
expected to be the major factor restraining market growth over the forecast period. Increasing concern
regarding environmental impact of synthetic adipic acid has led to shift in focus toward producing biobased adipic acid. Bio-based adipic acid is procured using glucose is eco-friendly in nature. In addition,
synthetic adipic acid is produced from petroleum which required high capital investment whereas biobased adipic acid required low capital investment.
Increasing consumer awareness coupled with government support in form of subsidiaries and tax
benefits to promote bio-based product is expected to be the major factor driving the bio-based adipic
market over the next six years. Low Utilization cost and manufacturing cost of bio-based product is
further expected to influence the major companies to invest in bio-based adipic acid market over the
next six years. Asia Pacific market was the leading regional market over the recent past, and is projected
to be fastest growing market over the next six years. Growing automotive and footwear market in
emerging nations such as India and China is expected to drive the adipic acid market in this region over
the foreseeable periods.
Growth of electronics market in China is further likely to propel the market growth in Asia Pacific.
Europe is the second largest market for adipic acid. However, increasing environmental concern
regarding use of synthetic product in Europe is likely to have negative impact on adipic acid market in
this region. North America adipic acid market is expected experience stagnant growth over the next six
years on account of stringent government regulation over the use of synthetic products. Growing
automobile market in Brazil and Argentina is likely to create an opportunity for the market players in
this region over the next six years.
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Global adipic acid market is highly consolidated by top players. Some key players operating in the global
market include Ascend Performance materials, Rhodia, INVISTA, BASF, Shandong Haili, Asahi Kasei and
Radici. Bio-based products are getting popularity across the globe owing to its environmental
advantages over the synthetic adipic acid. Major companies is expected to indulged in producing biobased adipic acid over the next six years include DSM, Bio Amber and Genomatica.
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Table of Contents
Chapter 1 Executive Summary
1.1 Adipic Acid – Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Adipic Acid Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Adipic Acid - Value Chain Analysis
2.4 Adipic Acid Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Adipic Acid - Company Market Share Analysis
2.8 Adipic Acid - PESTEL Analysis
Chapter 3 Adipic Acid Application Outlook
3.1 Nylon 6,6 Fiber
3.2 Nylon 6,6 Resin
3.3 Polyurethane
3.4 Adipate Esters
3.5 Other
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Chapter 4 Adipic Acid Regional Outlook
4.1 North America
4.2 Europe
4.3 Asia Pacific
4.4 RoW
Chapter 5 Bio-Based Adipic Acid
5.1 Synthesis of Bio-Based Adipic Acid
5.2 Bio-Based Adipic Acid - Value Chain Analysis
5.3 Bio-Based Adipic Acid - Market Scenario & Key Developments
5.4 Key Market Participants
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Chapter 6 Adipic acid - Competitive landscape
6.1 Ascend Performance Materials
6.2 Asahi Kasei
6.3 BASF
6.4 INVISTA
6.5 Lanxess AG
6.6 Liaoyang Petrochemical
6.7 Petro China Company Limited
6.8 Radici
6.9 Rhodia
6.10 Shangdong Haili (Bohui)
Chapter 7 Methodology and Scope
7.1 Research Methodology
7.2 Research Scope & Assumption
7.3 List of Data Sources
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