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Adipic Acid also known as Hexanedioic acid is very important industrial compound used in various applications. In 2023 Global market of Adipic Acid Market is approximately valued at USD 7916.64 million & estimated to show CAGR of 5.1 % between 2024 to 2030. Expected CAGR is comparatively less than almost 1.2 % that of between 2019 to 2023. Market has seen small drop in growth percentage primarily due to increasing environmental concerns & majority of governments are tightening pollution laws around the globe.
Competitive analysis included in research study helps users to understand key players market positioning and marketing strategies. Adipic Acid manufacture always facing environmental pollution problems as it is insoluble in water and greenhouse gas produced during the manufacturing. According to New Jersey Dept of Health it Adipic Acid has many hazardous effects on Human-like breathing problem, irritation of Eyes & Skin. Manufactures needs to take precise measures to avoid these effects on workers. Market giants like BASF are investing more on R & D to reduce environment damage caused due to production of Adipic Acid. BASF N2O decomposition catalyst series O3-81 reduce N2O especially from Adipic Acid plants.
As a one of the most important monomers in the polymer industry Adipic Acid has many applications. Some of the primary applications of product include in manufacturing of Nylon 66, Synthetic Lubricants, and Plasticizers & Coatings. Adipic Acid in manufacturing of Nylon 66 generated around USD 5247 million revenue that is around 85 % of total revenue. Impressive resistance properties of Nylon 66 against heat as well as oil and grease driving the growth of Nylon 66 Market. Synthetic Lubricants and Plasticizers market is expected to show constant growth in forecasted years.
Regional outlook of research study is based on analysis of Adipic Acid Market in North America, Europe, Asia Pacific, Middle East, South America, and Africa & Rest of the World. Currently, North America is market leader with around 38 % of market share followed by Europe & Asia Pacific. North America is expected to show constant demand growth in upcoming years due to Nylon 66 high usage in automobile tire cord. Asia Pacific is emerging as most lucrative market since 2009 primarily due to exponential growth in Automobile & Textile industry. Adipic Acid Market in Middle East also shown impressive growth rate primarily due to the establishment of manufacturing plants.
Research study has extensively worked on supply-demand analysis which has become important parameter in Chemical industry. Supplier analysis helps to understand supply- demand scenario that certainly helps designed better manufacturing process. Analytical tools used while developing research studies include Porter's 5 Forces model, PESTEL analysis, SWOT analysis, market sizing. Opportunities and threat analysis have gaineded significant importance in recent years primarily due to dynamic nature of chemical industry.
Global Adipic Acid Market: Production Process
Global Adipic Acid Market: Application
Global Adipic Acid Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Adipic Acid Market:
Geographical analysis of Global Adipic Acid Market:
Global Adipic Acid Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2019-2024 |
Forecast Data |
2025-2031 |
Base Year Value (2024) |
USD 7166.97 million |
Forecast Value (2031) |
USD 10152.07 million |
CAGR (2025-2031) |
5.1 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Adipic Acid Market was valued at around USD 7166.97 million in 2024 & is estimated to reach USD 10152.07 million by 2031.
Adipic Acid Market is likely to grow at Compound Annual Growth Rate (CAGR) of 5.1% between 2025-2031.
Adipic Acid Market is dominated by the Nylon 66 segment and the North America region holds the highest market share in 2023.
Some of the top key players in the Adipic Acid Market are
Primary driving factors for the growth of the Adipic Acid Market include Nylon 66 high usage in automobile tire cord along with exponential growth in Automobile & Textile industry in APAC region.
Yes, the report includes Geopolitical impact on the market.
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