Adipic Acid Market Size, Share & Trends Analysis Report By Application (Nylon 6, 6 Fiber, Nylon 6, 6 Resin, Polyurethane, Adipate Esters), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2023 - 2030

Market Segmentation

• Adipic Acid Application Outlook (Volume, Kilotons, Revenue, USD Million; 2018 - 2030)
  • Nylon 6, 6 Fiber
  • Nylon 6, 6 Resin
  • Polyurethane
  • Adipate Esters
  • Other Application
• Adipic Acid Regional Outlook (Volume, Kilotons, Revenue, USD Million; 2018 - 2030)
  • North America
    • North America Adipic Acid Market, By Application
      • Nylon 6, 6 Fiber
      • Nylon 6, 6 Resin
      • Polyurethane
      • Adipate Esters
      • Other Application
    • U.S.
      • U.S. Adipic Acid Market, By Application
        • Nylon 6, 6 Fiber
        • Nylon 6, 6 Resin
        • Polyurethane
        • Adipate Esters
        • Other Application
    • Canada
      • Canada Adipic Acid Market, By Application
        • Nylon 6, 6 Fiber
        • Nylon 6, 6 Resin
        • Polyurethane
        • Adipate Esters
        • Other Application
    • Mexico
      • Mexico Adipic Acid Market, By Application
        • Nylon 6, 6 Fiber
        • Nylon 6, 6 Resin
        • Polyurethane
        • Adipate Esters
        • Other Application
  • Europe
    • Europe Adipic Acid Market, By Application
      • Nylon 6, 6 Fiber
      • Nylon 6, 6 Resin
      • Polyurethane
      • Adipate Esters
      • Other Application
    • Germany
      • Germany Adipic Acid Market, By Application
        • Nylon 6, 6 Fiber
        • Nylon 6, 6 Resin
        • Polyurethane
        • Adipate Esters
        • Other Application
    • France
      • France Adipic Acid Market, By Application
        • Nylon 6, 6 Fiber
        • Nylon 6, 6 Resin
        • Polyurethane
        • Adipate Esters
        • Other Application
    • U.K.
      • U.K. Adipic Acid Market, By Application
        • Nylon 6, 6 Fiber
        • Nylon 6, 6 Resin
        • Polyurethane
        • Adipate Esters
        • Other Application
    • Italy
      • Italy Adipic Acid Market, By Application
        • Nylon 6, 6 Fiber
        • Nylon 6, 6 Resin
        • Polyurethane
        • Adipate Esters
        • Other Application
  • Asia Pacific
    • Asia Pacific Adipic Acid Market, By Application
      • Nylon 6, 6 Fiber
      • Nylon 6, 6 Resin
      • Polyurethane
      • Adipate Esters
      • Other Application
    • China
      • China Adipic Acid Market, By Application
        • Nylon 6, 6 Fiber
        • Nylon 6, 6 Resin
        • Polyurethane
        • Adipate Esters
        • Other Application
    • Japan
      • Japan Adipic Acid Market, By Application
        • Nylon 6, 6 Fiber
        • Nylon 6, 6 Resin
        • Polyurethane
        • Adipate Esters
        • Other Application
    • India
      • India Adipic Acid Market, By Application
        • Nylon 6, 6 Fiber
        • Nylon 6, 6 Resin
        • Polyurethane
        • Adipate Esters
        • Other Application
  • Central & South America
    • Central & South America Adipic Acid Market, By Application
      • Nylon 6, 6 Fiber
      • Nylon 6, 6 Resin
      • Polyurethane
      • Adipate Esters
      • Other Application
    • Brazil
      • Brazil Adipic Acid Market, By Application
        • Nylon 6, 6 Fiber
        • Nylon 6, 6 Resin
        • Polyurethane
        • Adipate Esters
        • Other Application
    • Argentina
      • Argentina Adipic Acid Market, By Application
        • Nylon 6, 6 Fiber
        • Nylon 6, 6 Resin
        • Polyurethane
        • Adipate Esters
        • Other Application
  • Middle East & Africa
    • Middle East & Africa Adipic Acid Market, By Application
      • Nylon 6, 6 Fiber
      • Nylon 6, 6 Resin
      • Polyurethane
      • Adipate Esters
      • Other Application
    • Saudi Arabia
      • Saudi Arabia Adipic Acid Market, By Application
        • Nylon 6, 6 Fiber
        • Nylon 6, 6 Resin
        • Polyurethane
        • Adipate Esters
        • Other Application
    • South Africa
      • South Africa Adipic Acid Market, By Application
        • Nylon 6, 6 Fiber
        • Nylon 6, 6 Resin
        • Polyurethane
        • Adipate Esters
        • Other Application

Adipic Acid Market Dynamics

Drivers: Increasing Demand For Lightweight Engineering Plastics

Automobile manufacturers are incorporating advanced plastic materials to reduce the weight of vehicles. The materials also boost the fuel economy in modern vehicles while maintaining performance and safety. These lightweight materials have the potential to improve overall vehicle efficiency. Lightweight materials are in high demand, especially in plug-in hybrid electric vehicles. As a result, it is expected to impact the growth of the adipic acid market positively. These factors are anticipated to pave the way for higher adipic acid consumption in engineered plastic applications, especially in the automotive sector, over the coming years.

Drivers: Exponential Growth Of End-User Industries

Adipic acid is used in various end-user industries such as automotive, electrical and electronics, textiles, food & beverage, personal care, and pharmaceuticals. The automotive industry is one of the largest sectors by revenue in the world. The automotive market was on an upward trajectory before the outbreak of the COVID-19 pandemic. The market is expected to normalize post-COVID-19, which is expected to drive the growth of the adipic acid market. The electrical & electronics industry comprises various products, from consumer electronics to aerospace products. These products are widely used across the globe. The growing digitalization is anticipated to foster the growth of the electrical & electronics industry in the coming years. The pharmaceutical industry has been flourishing since the outbreak of the COVID-19 pandemic. The industry witnessed rapid growth and surpassed all the sectors in 2020. Thus, the development of end-user industries of adipic acid is expected to foster the growth of the adipic market over the forecasted years.

Restraints: Rising Environmental Concerns And Fluctuating Raw Material Prices

The production of adipic acid releases nitrous oxide, which has a Global Warming Potential (GWP). Moreover, the release of toxic gases on burning fossil fuels is expected to cause major hindrances to petrochemical manufacturers over the forecast period. Petrochemicals derived from crude oil emit hazardous gases into the atmosphere, contributing to the concentration of greenhouse gases and increasing the carbon footprint. Adipic acid is obtained by the catalytic oxidation of cyclohexanone and cyclohexanol mixture, using nitric acid as a catalyst, both of which are obtained from benzene. Benzene is a petroleum derivative hence its prices are parallel to the global crude oil prices. Thus, the fluctuating prices of benzene will likely impact the overall prices of adipic acid. These factors are likely to restrain the growth of the adipic acid market.

What Does This Report Include?

This section will provide insights into the contents included in this adipic acid market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Adipic acid market qualitative analysis

• Industry overview

• Industry trends

• Market drivers and restraints

• Market size

• Growth prospects

• Porter’s analysis

• PESTEL analysis

• Key market opportunities prioritized

• Competitive landscape

  • Company overview

  • Financial performance

  • Product benchmarking

  • Latest strategic developments

Adipic acid market quantitative analysis

• Market size, estimates, and forecast from 2018 to 2030

• Market estimates and forecast for product segments up to 2030

• Regional market size and forecast for product segments up to 2030

• Market estimates and forecast for application segments up to 2030

• Regional market size and forecast for application segments up to 2030

• Company financial performance