The global adipic acid market is forecasted to be valued at US$ 6,346 million in 2022 and is predicted to secure a slow-paced CAGR of 4.9% during the forecast period. Adipic acid is one of the most commercially crucial forms of aliphatic dicarboxylic acids, particularly because of its considerable usage as a feedstock for the production of commercial fibers.

It’s far constituted of the oxidation of a mixture of cyclohexanol and cyclohexanone with nitric acid. As a substitute, adipic acid can also be constructed from butadiene carbonylation. There has been a considerable call for chemically resilient, robust, and durable fibers for the manufacture of automotive parts.

This has initiated a strong demand for adipic acid, due to the fact it is one of the key components for the manufacturing of composite materials. The foremost intake of adipic acid is as the feedstock for the manufacturing of nylon 6,6 resin and engineering fibers.

The non-nylon applications of adipic acid consist of its usage within the manufacture of polyurethanes, plasticizers, food additives, and prescription drugs.

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Adipic Acid Market: Key Players

Some of the key players include in the adipic acid market report include DSM, Ascend Performance Materials Inc., BASF SE, Verdezyne, PetroChina Liaoyang Petrochemical, Rennovia, Sumitomo Chemical Co., Ltd, Asahi Kasei Corporation, Invista, Lanxess Ag, and Rhodia

The escalating demand for adipic acid from automobile, electrical & electronics, purchaser items, and home equipment enterprises is one of the chief drivers for the adipic acid marketplace. The good-sized research and development inside the fabric production era are also one of the key factors influencing the adipic acid market.

The adipic acid market can be segmented on the idea of the regions as North America, Latin America, APEJ, Japan, Japanese Europe, Western Europe, and the Middle East & Africa. In phrases of production and intake APEJ is the most important market for adipic acid.

The chief markets in the APEJ region consist of India and China, which are forecasted to showcase double-digit CAGR as a result of surprising ease of regulation and high call for from the car manufacturers markets followed by using APEJ The following maximum promising location is the middle East and Africa, that allows you to be a first-rate player inside the adipic acid market within the coming years.

Key Segments in The Adipic Acid Market

By Application:

• Nylon 66 Fiber
• Nylon 66 Resins
• Polyurethanes
• Adipate Esters
• Others

By End-Use Industry:

• Automotive
• Electrical & Electronics
• Home Appliances
• Textiles
• FMCG