Global Adipic Acid Market Size, Share & Trends Report 2018-2024 - Analysis & Forecast by Nylon 66 Fiber, Nylon 66 Resin, Polyurethane & Adipate Ester - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 6, 2018--The “Adipic Acid Market Size, Share & Trends Analysis Report By Application (Nylon 66 Fiber, Nylon 66 Resin, Polyurethane, Adipate Ester), By Region (APAC, North America, Europe, MEA, CSA), And Segment Forecasts, 2018 - 2024” report has been added to ResearchAndMarkets.com’s offering.
The global adipic acid market size is projected to reach USD 8.0 billion by 2024.
The global market is projected to expand at a CAGR of 4.7% during the forecast period. Increasing product demand from the automobile industry for the manufacturing of lightweight vehicles is a prime factor responsible for the market.
Growth of the nylon 66 market is likely to have a positive impact on the adipic acid market demand in India. Nylon 66 accounts for a majority share in adipic acid’s demand. Rapidly growing consumer electronics industry in Asia is also one of the major factors contributing toward the industry development.
The Asia Pacific region holds excellent potential for the market penetration as adipic acid’s supply in this region is disrupted owing to low spot prices.
Moreover, the region has business-friendly atmosphere and is close to the nylon and polyurethane manufacturing industry. The product demand in this region is expected to reach 1,551.8 kilo tons by the end of the forecast period.
Adipic acid manufacturers are currently strategizing to physically position themselves between raw material supply hub and end-use industries to attain optimum growth and profit margins.
Major adipic acid manufacturers and distributors operating around the globe include Asahi Kasei Corporation, BASF SE, Invista, Lanxess AG, and Ascend Performance Materials LLC.
Key Topics Covered:
Chapter 1 Executive Summary
Chapter 2 Adipic Acid Industry Outlook
Chapter 3 Adipic Acid Application Outlook
Chapter 4 Adipic Acid Regional Outlook
Chapter 5 Bio-Based Adipic Acid
Chapter 6 Adipic acid - Competitive landscape
Chapter 7 Methodology and Scope
Companies MentionedAscend Performance Materials Asahi Kasei BASF INVISTA Lanxess AG Liaoyang Petrochemical Petro China Company Limited Radici Rhodia Shangdong Haili (Bohui) Sumitomo Chemical Co.
For more information about this report visit https://www.researchandmarkets.com/research/4x47ws/global_adipic?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181106005438/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Plastic Additives
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/06/2018 06:32 AM/DISC: 11/06/2018 06:32 AM