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The global adipic acid market share by application (2016), (%)

Market Overview:

Adipic acid is a white crystalline organic acid, which possesses six carbon atom and two carboxylate groups attached to the terminal carbons in the chain. Adipic acid is predominantly used as a buffer, acidifier, gelling aid, and sequestrant. It is utilized in confectionery, fats, cheese analogs, flavoring extracts, and fats. Moreover, they possess unique properties, which make them suitable for utilization in various end-use industries such as packaging & consumer goods, building & construction, automotive, electrical & electronics, textile, and others. Others end-use industries include food, medical, and furniture.

Competitive Overviw:

Some of the key players operating in the adipic acid market are INVISTA (U.S.), PetroChina Company Limited (China), Asahi Kasei Corporation (Japan), Ascend Performance Materials (U.S.), BASF SE (Germany), LANXESS (Germany), Radici Partecipazioni SpA (Italy), Solvay S.A. (Belgium), Sumitomo Chemical Co., Ltd. (Japan), BioAmber Inc (U.S.), Shandong Hongye Chemical Company, Ltd. (China) among others.

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As per our analysis, some of the important market factors and trends identified in the global adipic acid market include constant industrialization, rising demand for high-quality plastic, and continuous growth of the packaging & consumer goods industry. Moreover, growing application of adipic acid in electrical & electronics sector is estimated to drive the growth of the market over the estimated period. Furthermore, huge spending on innovation to develop bio-based plastics and their increased usage in the automotive as well as electrical & electronics industry is estimated to extend growth opportunities to the global adipic acid market over the forecast years. Additionally, growing manufacturing of passenger cars along with increasing per capita disposable income of consumer in developing economies is estimated to fuel the growth of the adipic acid over the assessment period 2017-2023. 

Adipic acid market is predicted to record significant growth in developed as well as developing countries over the

assessment period

Segmentation

The Global Adipic Acid Market is segmented on the basis of the application, end-use industries, and region. Based on the application, the market is segmented into polyurethane, nylon 6,6 fiber, nylon 6,6 resin, adipate esters, and others. Based on end-use industries, the market is categorized into automotive, electrical & electronics, packaging & consumer goods, building & construction, textile, and others. Others end-use industries include food, medical, and furniture. Based on the region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Regions:

The global adipic acid market is categorized into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Among them, Asia Pacific accounted for ~33% market in 2016 and is predicted to grow at a significant CAGR over the forecast period 2017-2023 on account of the continuous expansion of automotive as well as electrical & electronics industries. The Asia Pacific adipic acid market is segmented into Japan, India, Vietnam, China, Malaysia, Taiwan, Singapore, South Korea, and Rest of Asia Pacific. Among them, China and India are predicted to remain the major contributors to the regional market growth due to growth in various end-use industries such as footwear, automotive, building & construction, and electronics. Furthermore, a shift in the automotive and household appliances production facilities in the developing countries of Asia Pacific is estimated to drive the regional adipic acid market. Also, inexpensive land & labor, better economic condition, favorable weather condition, and governmental support to various end-use industries are some other factors driving the adipic acid market.

The Asia Pacific holds the largest market for adipic acid followed by Europe and North America. Europe is estimated to witness a steady growth in the use of adipic acid on account of increasing Research & Development activities and innovations in bio-based plastics. European countries such as the U.K, Poland, Italy, France, and Germany dominated the region in 2016 due to increasing investment in the packaging & consumer goods and automotive sector. In North America, the countries such as the U.S. and Canada are among the major contributors to the regional market growth due to rising expansion of textile and electronics industry. Latin American countries such as Brazil, Mexico, Venezuela, Peru, and Argentina are predicted to witness a strong growth on account of increasing consumer expenditure on passenger cars as well as household appliances. The Middle East & Africa is estimated to witness a moderate growth rate owing to increasing residential, commercial, and institutional construction activities specifically in the United Arab Emirates, Saudi Arabia, Turkey, Qatar, and Kuwait. Furthermore, rising disposable income has given a rise to the higher household appliances & heavy as well as light duty vehicles demand, which is likely to propel the growth of the regional market in the upcoming years.

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global Adipic Acid Market

5 Industry Overview Of Global Adipic Acid Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7.Global Adipic Acid Market By Application

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