1. food and drink

Adipic Acid Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016
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Report
Description
Report Description
Adipic acid is a dibasic dicarboxylic acid which is used extensively used in various end use
industries such as food and beverage and automation. It is produced from cyclohexane
and phenol. Adipic acid is used in various applications such as to manufacture lubricant
components, polymers, nylon 66 and PVC (Polyvinyl chloride), etc. Adipic acid is also used
is used in calcium carbonates to impart tart flavour .In addition to this, adipic acid is used
in varied applications such as plasticizers, coatings and detergents. However major
application of adipic acid is for nylon production. The global adipic acid market is
anticipated to witness healthy single digit market growth over the forecast period in
terms of value and volume.
Adipic Acid Market Segmentation
Global adipic acid market is segmented on the basis of application and region. Based on
the application segmentation includes polyamide 66, polyurethane, adipic esters and
others. Polyamide 66 is the leading application segment and expected to account for
maximum revenue during the forecast period, followed by other application segment.
Moreover, market growth is expected to increase due to rising demand of polyamide 66
in automotive industry. It is used in manufacturing automotive components and as
flavoring agent and gelling aid in food & beverage industry. However, Polyurethane is
expected to witness fastest growth during the forecast period due the wide application of
polyurethane for thermal insulation. Global adipic acid market is segmented on the basis
of region into North America, Latin America, Eastern Europe, Western Europe, Asia
Pacific, Middle East and Africa and Japan.
Report
Description
Report Description
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Adipic Acid Market: Region-wise Outlook
The global adipic acid market is expected to show significant growth over the forecast
period due to growing automotive and electronic industry and wide application of adipic
acid in nylon production which is in turn used in automotive industry. Globally among all
regions, Asia Pacific is expected to contribute maximum revenue over the forecast
period. Moreover, Asia Pacific is also anticipated to exhibit fastest market growth over
the forecast period, owing to the growing end user industries such as electronic and
automotive industry in India and China. Europe adipic acid market is anticipated to show
average growth due to the environmental concerns coupled with stringent government
regulations in the region. However North America is projected to show stagnant market
growth during the next few years due to the highly saturated end use industries in the
region. Moreover, Latin America is projected to create huge opportunities for various
market players during the forecast period due to the growing automobile industry in the
region
Adipic Acid Market: Drivers
Global adipic acid market growth is propelled by various factors such as expanding food
and beverage industry coupled with increasing use of adipic acid as food additive. It
imparts tart and fizzy flavours.
Report
Description
Report Description
Moreover, other factors that are expected to support the growth of adipic acid market is
increasing applications of adipic acid in paint, synthetic fibers and lubricants. Demand for
paints and coating is increasing owing to the increasing infrastructure spending of
consumers, which eventually boost the growth of the global adipic acid market. However,
major factor that is expected to hinder the growth of adipic acid market is rising concerns
towards harmful environmental impact.
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Adipic Acid Market Market: Key Players
Major players operating in the adipic acid market are BASF SE, INVISTA, Asahi Kasei
Corporation, Shandong Haili Chemical Industry Company Ltd. and Ascend Performance
Materials .Various companies operating in the adipic acid market are launching bio based
acid. Other companies such as BioAmber Inc. and DSM are expected to manufacture biobased adipic acid in the forthcoming years.
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