Latest Adipic Acid Market Analysis, Size, Regional Outlook, Share, Trend, Growth, Analysis and Forecast Report 2017 – Acute Market Reports

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.

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.

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.

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

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

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

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

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Global Adipic Acid Market To Witness High Growth by 2020

Adipic Acid Market

Adipic Acid Market is estimated to go through momentous growth globally. This industry is estimated to reach around USD 7, 538 million till 2020. This acid is produced using petroleum derived products like phenol, benzene and cyclohexane. Adipic acid which is generally used in production of Nylon is also manufactured in Automobile industry. Adipic acid is majorly used for Nylon fibres, Nylon Resin, paints and coatings. Cyclohexane accounts for over 80% of Adipic acid which is produced globally. Due to shift in hydrocarbons market, phenol used a primarily for production of adipic acid is replaced by cyclohexane. Polyutherane is considered to be one of the rapid growing applications in thermal insulation.

The fastest growing market for Adipic acid to be is Polyutherane with expected CAGR of 5.2% from 2015 to 2020. Growing demand for Nylon fibres in automobile industry is the major reason for rise in demand of adipic acid market in recent years. Nations like Russia, China, India and Brazil is expected to counter the positive impact in adipic acid market over next five years. North American market is expected to hit USD over 1.6 billion by 2019 with CAGR of 6.2% from 2015 to 2020.Adipic acid is also used as the gelling aid and flavorant in food industry. With increasing concern regarding environmental protection, Synthetic acid has now been focused towards the production of Bio based Adipic acid. These bio based adipic acid are produced using Glucose, which are environmental friendly. Bio based adipic acid require low capital investment as compared to Synthetic Adipic acid.

Asia Pacific Market, currently the leading regional market for Adipic acid is projected to be fastest growing market. Growth of electronics market in China is motivating the market growth of Adipic Acid in Asia Pacific. After Asia Pacific, Europe is the largest market for the Adipic acid, Use of Synthetic adipic acid in Europe, is affecting the Adipic acid market in China. Bio based Adipic acid holds around 16% lower utilities cost and around 30% lower manufacturing cost as compared to the Petroleum based adipic acid.

Sara James is Market Research Analyst, Conducting in-depth data analyses using traditional and advanced methods Build a detailed database for the understanding of the target market and industry.

Acetic Acid Market Will Be Valued At More Than USD 13 Billion Till 2022

Hexa Research

Load According to a recent study conducted by Hexa Research, global Acetic Acid Market will be valued at more than $13 billion in 2022. Growing demand for applications like Purified Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) will contribute to this growth. PTA is increasingly being consumed for manufacturing polyester, which is an important constituent of the textile and packaging industries. PTA is expected to witness the fastest growth with a CAGR of more than 4.9% from 2015 to 2022. The total global acetic acid demand for PTA was more than 2,450 kilo tons in 2014, which is likely to rise to more than 3,750 kilo tons in 2020.

VAM is utilized in the manufacture of chemicals like EVA and EVAC. There is growing consumption of these chemicals in the solvents and adhesives industry, leading to rising demand for VAM. Demand for acetic acid in VAM was more than 3,500 kilo tons in 2014. This application segment is expected to grow at a CAGR of more than 3.9% from 2015 to 2022. VAM will be increasingly demanded by developing economies like China, India and Brazil, consequently leading to growth of acetic acid market in future.

 

Hexa Research observed that China led the global acetic acid market in 2012 with a share of more than 39% of volumes. A strong manufacturing base and possible expansion of the same in future will contribute to China retaining its market leadership. Asia Pacific followed China in terms of market share, with key demand emerging from India and Japan. The acetic acid industry in Asia is likely to grow at a CAGR of more than 10% from 2015 to 2022.

Hexa Research identifies Celanese, BP, DuPont, Eastman Chemicals, BASF, Wacker Chemie and Jiangsu Sopo (Group) Co., Ltd., among others, to be the key participants in the global acetic acid market. The industry showcases a fragmented nature with several manufacturers operating at varied levels of capacities.

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