Adipic Acid Market (Nylon 66 Fibers, Engineering Plastics (Nylon 66 Resin), Polyurethanes, Adipic/Adipate Esters (Plasticizers), Others) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022 the global adipic acid market was valued at US$ 4,560.0 Mn in 2014 and is estimated to expand with a CAGR of 4.4% from 2015 to 2022.
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Market Insights:
The market for adipic acid is witnessing growth on the back of rising demand from automobile and electronic industry. The foremost application of adipic acid is to produce nylon. These materials are extensively used in the manufacture of automobile components to reduce total weight which increases fuel efficiency. Moreover improvement in infrastructures and growth of the housing in emerging economies such as India, China, Brazil, and Middle East will also drive the market demand for adipic acid. Nylon Resin in also use in footwear industry and as the footwear industry is slated to grow significantly especially in economies such as Russia and China is further projected to drive the demand for adipic acid in the near future.
Rising environmental concerns is hampering the market growth and inducing vendors to shift towards bio based adipic acid. Recently, start-up companies such as Verdezyne, Celexion, BioAmber, Genomatica and Rennovia have developed bio-based ways to produce adipic acid, with a target to create pure (100%) bio-based nylon; some have succeed to reach advanced pilot or demonstration scales. Bio- based adipic acid is gaining momentum due to its low costs when compared to its synthetic counterparts. Bio- based adipic acid is anticipated to be beneficial in almost all applications for which their synthetic counterpart is used at present. The opportunity in the adipic acid market lies with bio-based adipic acid which has shown feasibility and is currently in its progress stage. Increasing applications in synthetic fibers, paints & coatings, polyurethane resins, plastic and food additives among others are also projected to positively influence the industry.
The market for adipic acid is witnessing growth on the back of rising demand from automobile and electronic industry. The foremost application of adipic acid is to produce nylon. These materials are extensively used in the manufacture of automobile components to reduce total weight which increases fuel efficiency. Moreover improvement in infrastructures and growth of the housing in emerging economies such as India, China, Brazil, and Middle East will also drive the market demand for adipic acid. Nylon Resin in also use in footwear industry and as the footwear industry is slated to grow significantly especially in economies such as Russia and China is further projected to drive the demand for adipic acid in the near future.
Rising environmental concerns is hampering the market growth and inducing vendors to shift towards bio based adipic acid. Recently, start-up companies such as Verdezyne, Celexion, BioAmber, Genomatica and Rennovia have developed bio-based ways to produce adipic acid, with a target to create pure (100%) bio-based nylon; some have succeed to reach advanced pilot or demonstration scales. Bio- based adipic acid is gaining momentum due to its low costs when compared to its synthetic counterparts. Bio- based adipic acid is anticipated to be beneficial in almost all applications for which their synthetic counterpart is used at present. The opportunity in the adipic acid market lies with bio-based adipic acid which has shown feasibility and is currently in its progress stage. Increasing applications in synthetic fibers, paints & coatings, polyurethane resins, plastic and food additives among others are also projected to positively influence the industry.
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Competitive Insights:
More than half of the market pie is accounted by four major players. Market participants are investing heavily in R&D to developed different routes for the production of bio based adipic acids, as they are the future of the adipic acid market. Some of the key players present in this market are Invista, Asahi Kasei Corp., BASF SE, Petrochina Liaoyang Petrochemical,Ascend Performance Materials Inc. and Lanxess.
More than half of the market pie is accounted by four major players. Market participants are investing heavily in R&D to developed different routes for the production of bio based adipic acids, as they are the future of the adipic acid market. Some of the key players present in this market are Invista, Asahi Kasei Corp., BASF SE, Petrochina Liaoyang Petrochemical,Ascend Performance Materials Inc. and Lanxess.
Key Trends:
• Focus on enhancing bio based routes to produce adipic acid
• Increasing application scope for adipic acid
• Emphasis on developing different business growth strategies
• Focus on enhancing bio based routes to produce adipic acid
• Increasing application scope for adipic acid
• Emphasis on developing different business growth strategies
Chapter 1 Preface
1.1 Report Description
1.2 Research scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Approach Adopted
1.1 Report Description
1.2 Research scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Adipic Acid Market
2.2 Global Adipic Acid Market, By Application Type, 2014
2.3 Global Adipic Acid Market, By Geography
2.1 Market Snapshot: Global Adipic Acid Market
2.2 Global Adipic Acid Market, By Application Type, 2014
2.3 Global Adipic Acid Market, By Geography
Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Adipic Acid Market Revenue and Volume, 2014 – 2022, (US$ Mn) (Kilo Ton)
3.2 Market Inclination Insights
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 See-Saw Analysis
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Attractive Investment Proposition
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Vendors
3.1 Introduction
3.1.1 Global Adipic Acid Market Revenue and Volume, 2014 – 2022, (US$ Mn) (Kilo Ton)
3.2 Market Inclination Insights
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 See-Saw Analysis
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Attractive Investment Proposition
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Vendors
Chapter 4 Global Adipic Acid Market Analysis, By Application Type
4.1 Overview
4.2 Tornado Analysis
4.3 Nylon 66 fibers
4.3.1 Global Adipic Acid Market for Nylon 66 fibers, 2014 – 2022, (US$ Mn) (Kilo Ton)
4.4 Engineering plastics (Nylon 66 Resin)
4.4.1 Global Adipic Acid Market for Engineering plastics (Nylon 66 Resin), 2014– 2022, (US$ Mn) (Kilo Ton)
4.5 Polyurethanes
4.5.1 Global Adipic Acid Market for Polyurethanes, 2014 – 2022, (US$ Mn) (Kilo Ton)
4.6 Adipic/Adipate Esters (Plasticizers)
4.6.1 Global Adipic Acid Market for Adipic/Adipate Esters (Plasticizers), 2014– 2022, (US$ Mn) (Kilo Ton)
4.7 Other
4.7.1 Global Adipic Acid Market for Other, 2014– 2022, (US$ Mn) (Kilo Ton)
4.1 Overview
4.2 Tornado Analysis
4.3 Nylon 66 fibers
4.3.1 Global Adipic Acid Market for Nylon 66 fibers, 2014 – 2022, (US$ Mn) (Kilo Ton)
4.4 Engineering plastics (Nylon 66 Resin)
4.4.1 Global Adipic Acid Market for Engineering plastics (Nylon 66 Resin), 2014– 2022, (US$ Mn) (Kilo Ton)
4.5 Polyurethanes
4.5.1 Global Adipic Acid Market for Polyurethanes, 2014 – 2022, (US$ Mn) (Kilo Ton)
4.6 Adipic/Adipate Esters (Plasticizers)
4.6.1 Global Adipic Acid Market for Adipic/Adipate Esters (Plasticizers), 2014– 2022, (US$ Mn) (Kilo Ton)
4.7 Other
4.7.1 Global Adipic Acid Market for Other, 2014– 2022, (US$ Mn) (Kilo Ton)
Chapter 5 North America Adipic Acid Market Analysis
5.1 Overview
5.1.1 North America Adipic Acid Market Revenue and Volume, 2014 – 2022, (US$ Mn) (Kilo Ton)
5.2 North America Adipic Acid Market Revenue & Volume Analysis, By Application Type, 2014 – 2022 (US$ Mn) (Kilo Ton)
5.2.1 SRC Analysis
5.3 North America Adipic Acid Market Revenue & Volume Analysis, By Region, 2014 – 2022 (US$ Mn) (Kilo Ton)
5.3.1 SRC Analysis
5.1 Overview
5.1.1 North America Adipic Acid Market Revenue and Volume, 2014 – 2022, (US$ Mn) (Kilo Ton)
5.2 North America Adipic Acid Market Revenue & Volume Analysis, By Application Type, 2014 – 2022 (US$ Mn) (Kilo Ton)
5.2.1 SRC Analysis
5.3 North America Adipic Acid Market Revenue & Volume Analysis, By Region, 2014 – 2022 (US$ Mn) (Kilo Ton)
5.3.1 SRC Analysis
Chapter 6 Europe Adipic Acid Market Analysis
6.1 Overview
6.1.1 Europe Adipic Acid Market Revenue and Volume, 2014 – 2022, (US$ Mn) (Kilo Ton)
6.2 Europe Adipic Acid Market Revenue & Volume Analysis, By Application Type, 2014 – 2022 (US$ Mn) (Kilo Ton)
6.2.1 SRC Analysis
6.3 Europe Adipic Acid Market Revenue & Volume Analysis, By Region, 2014 – 2022 (US$ Mn) (Kilo Ton)
6.3.1 SRC Analysis
6.1 Overview
6.1.1 Europe Adipic Acid Market Revenue and Volume, 2014 – 2022, (US$ Mn) (Kilo Ton)
6.2 Europe Adipic Acid Market Revenue & Volume Analysis, By Application Type, 2014 – 2022 (US$ Mn) (Kilo Ton)
6.2.1 SRC Analysis
6.3 Europe Adipic Acid Market Revenue & Volume Analysis, By Region, 2014 – 2022 (US$ Mn) (Kilo Ton)
6.3.1 SRC Analysis
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Chapter 7 Asia Pacific Adipic Acid Market Analysis
7.1 Overview
7.1.1 Asia Pacific Adipic Acid Market Revenue and Volume, 2014 – 2022, (US$ Mn) (Kilo Ton)
7.2 Asia Pacific Adipic Acid Market Revenue & Volume Analysis, By Application Type, 2014 – 2022 (US$ Mn) (Kilo Ton)
7.2.1 SRC Analysis
7.3 Asia Pacific Adipic Acid Market Revenue & Volume Analysis, By Region, 2014 – 2022 (US$ Mn) (Kilo Ton)
7.3.1 SRC Analysis
7.1 Overview
7.1.1 Asia Pacific Adipic Acid Market Revenue and Volume, 2014 – 2022, (US$ Mn) (Kilo Ton)
7.2 Asia Pacific Adipic Acid Market Revenue & Volume Analysis, By Application Type, 2014 – 2022 (US$ Mn) (Kilo Ton)
7.2.1 SRC Analysis
7.3 Asia Pacific Adipic Acid Market Revenue & Volume Analysis, By Region, 2014 – 2022 (US$ Mn) (Kilo Ton)
7.3.1 SRC Analysis
Chapter 8 RoW Adipic Acid Market Analysis
8.1 Overview
8.1.1 RoW Adipic Acid Market Revenue and Volume, 2014 – 2022, (US$ Mn) (Kilo Ton)
8.2 RoW Adipic Acid Market Revenue & Volume Analysis, By Application Type, 2014 – 2022 (US$ Mn) (Kilo Ton)
8.2.1 SRC Analysis
8.3 RoW Adipic Acid Market Revenue & Volume Analysis, By Region, 2014 – 2022 (US$ Mn) (Kilo Ton)
8.3.1 SRC Analysis
8.1 Overview
8.1.1 RoW Adipic Acid Market Revenue and Volume, 2014 – 2022, (US$ Mn) (Kilo Ton)
8.2 RoW Adipic Acid Market Revenue & Volume Analysis, By Application Type, 2014 – 2022 (US$ Mn) (Kilo Ton)
8.2.1 SRC Analysis
8.3 RoW Adipic Acid Market Revenue & Volume Analysis, By Region, 2014 – 2022 (US$ Mn) (Kilo Ton)
8.3.1 SRC Analysis
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