Global Adipic Acid Market
The GMI Research projects that the Adipic Acid Market will notice an elevation in demand over the forecast period. This is mainly due to the research and development activities by leading market players, expanding household market, and soaring demand across several industry verticals like a consumer goods & appliances, and automotive.
Introduction of the Adipic Acid Market
Adipic acid, also called hexanedioic acid, refers to a white crystalline solid which is insoluble in water used to make foams and plastics. They are mostly used as a proletarian with hexamethylenediamine to manufacture nylon 66 and other polymers like polyurethanes..
Key Players of the Market:
- BASF SE
- Asahi Kasei Corporation
- Radici Group
- Shandong Hongye Chemical Company Ltd.
- Ascend Performance Materials, Inc.
- Petrochina Liaoyang Petrochemical
- Shandong Haili Chemical Industry Company Ltd.
Adipic Acid Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The swift enlargement in the construction and packaging industry and their increasing endorsement across the automotive sector to produce automotive parts with the help of chemical resistance, strong, and imperishable fibers are expanding the growth of the global adipic acid market size. For example, Nylon 66, a remarkable stock holder in demand for acid with high adoption rate across several industries like automotive. In addition, their increasing usage in electronics & electrical and consumer industry and various advantages offered by them like perishability, dependability, intensity, low power consumption, and higher absorption will propel the market growth. On the other side, surging usage of hybrid fibers and the prevalence of rigorous environmental norms across various regions may obstruct the beverage processing market size.
Adipic Acid Market Segmentation:
Segmentation by Material Type
- Engineering Plastics
Segmentation by Application
- Polyamide/Nylon 66
- Adipic/Adipate Esters
Segmentation by Region:
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
About GMI Research
A market research and consulting company, GMI Research, offers various enterprises business insights and market research reports. Our research team accumulates all the relevant information about several industries using both internal and external databases. The focus of the organization is to acknowledge our clients with the upcoming opportunities and challenges across different industries. The team assists clients in comprehending the influence of market dynamics like size, share, drivers, growth opportunities, and other aspects. We try to offer a step-by-step solution to our clients to reach a managerial and actionable decision. The enterprise got featured in the list of Silicon India Magazine in 2018 as one of the Most Promising Market Research Consultants.
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