Synthetic & Bio Based Adipic Acid Market

Adipic acid is a vital raw material used in the manufacturing of industrial fiber such as Nylon 6.6. Adipic acid is basically produced by using various raw materials such as benzene, cyclohexane, and phenol. The lower purity grade of adipic acid is used to produce polyurethane whereas the high purity grade is used to produce nylon. The major end-user of adipic acid includes food, packaging, automotive, medical, consumer goods, construction, electronics, and furniture.

Market Dynamics

Growth in the textile industry especially across the Asia Pacific region is projected to offer profitable market opportunities in the near future. The growing demand for sports shoes and apparel due to the increasing number of people participating in sports activities is expected to spur the market growth of adipic acid. Also, growth in the sports industry is another major factor augmenting the demand for nylon which in turn accelerates the market growth of synthetic and bio-based adipic acid.

In addition, the expansion of the footwear market as polyurethane is used in the production of footwear is expected to fuel the market growth of synthetic and bio-based adipic acid

Key features of the study:

• This report provides in-depth analysis of the global synthetic and bio-based adipic acid market and provides market size (US$ Billion & Tons) and compound annual growth rate (CAGR %) for the forecast period (2023-2030) considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
• This study also provides an impact analysis of Coronavirus (COVID-19) pandemic on synthetic and bio-based adipic acid market.
• It profiles key players in the global synthetic and bio-based adipic acid market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Invista, Rhodia, BASF, Ascend Performance Materials, Shangdong Haili (Bohui), Liaoyang Petrochemical, Asahi Kasei, Radici
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global synthetic and bio-based adipic acid market report caters to various stakeholders in this industry including investors, suppliers, synthetic and bio-based adipic acid manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global synthetic and bio-based adipic acid market

Detailed Segmentation:

• Global Synthetic and Bio-based Adipic Acid Market, By Application:
  • Nylon 6,6 fiber
  • Nylon 6,6 resin
  • Polyurethanes
  • Adipate esters
  • Others
• Global Synthetic and Bio-based Adipic Acid Market , By Region:
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
    
• Company Profiles
  • Invista
  • Rhodia
  • BASF
  • Ascend Performance Materials
  • Shangdong Haili (Bohui)
  • Liaoyang Petrochemical
  • Asahi Kasei
  • Radici