Global Adipic Acid Market - Segmented by Raw Materials, End Product, Application, End User Industry and Region - Growth, Trends and Forecast (2018 - 2023)

  • ID: 4514932
  • Report
  • Region: Global
  • 149 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • ASCEND, BASF
  • HUAFON
  • LANXESS
  • RADICI
  • SHENMA INDUSTRIAL
  • SOLVAY
  • MORE
The adipic acid market is expected to witness a CAGR of approximately 3.25% during the forecast period, 2018-2023. The market is driven by increasing demand for nylon 6,6 in the automotive industry, along with rising demand from consumer goods, electrical, & appliances industries, and growth of the electronics market in Asia-Pacific.

Increasing Demand from Automotive Sector

The demand in the automobile industry exists for lighter vehicles with strict regulations on carbon dioxide emissions. Nylon 6,6 offers the biggest advantage of reducing the overall weight of the vehicle without sacrificing performance. In addition, nylon offers better solutions in electric vehicles as they prevent hazardous electrical surges in the event of collisions, by breaking the connection. Therefore, this demand for nylon in the automotive industry is expected to drive the market during the forecast period.

Nylon 6,6, the Dominant Sector

The market is segmented on the basis of raw materials, end product, application, and end-user industry. On the basis of end product, nylon products occupy the major share of around 90% and this segment is expected to grow at a good rate because of increasing demand from the automotive sector. In the automotive sector, nylon 6,6 fiber is used in the manufacture of airbags and nylon 6,6 resin is used in emission-reducing parts, like carbon canisters. Also, their environment-friendly nature has increased their usage in the paints & coatings industry.

Growing Capacities Driving the Asia-Pacific Region

Asia-Pacific is the largest market in terms of consumption, accounting to approximately 45 % and is expected to grow at a rate of 4.5% during the forecast period. China is the major market in Asia-Pacific, and it accounts for approximately 30% of the global market share. China also has a strong export network with many North American and European economies. Growing capacity additions in China is expected to drive the market during the forecast period. Chongqing Huafon Chemical is planning to start an adipic acid plant with a capacity 180,000 metric ton/year.

Major Players: Asahi Kasei, BASF, INVISTA, LANXESS, and Solvay, amongst others.

Reason to Purchase the Report
  • To understand the impact of end-user industries on the market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating end product type and application in the market
  • Countries expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ASCEND, BASF
  • HUAFON
  • LANXESS
  • RADICI
  • SHENMA INDUSTRIAL
  • SOLVAY
  • MORE
1. Introduction
1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition

4. Market Dynamics
4.1 Drivers
4.1.1 Increased Demand from Automotive Industry
4.1.2 Improvement in Infrastructure and Growing Housing Market in Developing countries
4.1.3 Rising Demand from Consumer Goods, Electrical, and Appliances Industry
4.1.4 Growth of Electronics Market in China
4.2 Restraints
4.2.1 Stringent Environmental Regulations on Petroleum-based Adipic Acid
4.2.2 Other Restraints
4.3 Opportunities
4.3.1 Growing Usage of Bio-based Adipic Acid
4.3.2 Other Opportunities

5. Market Segmentation and Analysis(Market size, Growth and forecast)
5.1 By Raw Material
5.1.1 Cyclohexanol
5.1.2 Cyclohexanone
5.2 By End Product
5.2.1 Nylon 66 Fibers
5.2.2 Nylon 66 Engineering Resins
5.2.3 Polyurethanes
5.2.4 Adipate Esters
5.2.5 Others
5.3 By Application
5.3.1 Plasticizers
5.3.2 Unsaturated Polyester Resins
5.3.3 Wet Paper Resins
5.3.4 Coatings
5.3.5 Synthetic Lubricants
5.3.6 Food Additives
5.3.7 Others
5.4 By End-user Industry
5.4.1 Textiles
5.4.2 Food & Beverage
5.4.3 Cosmetics
5.4.4 Paints & Coatings
5.4.5 Others

6. Regional Market Analysis (Market Size, Growth and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 ASEAN
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 NORDIC Countries
6.3.6 Russia
6.3.7 Spain
6.3.8 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa

7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & services, and Recent Developments)
8.1 Ascend
8.2 BASF
8.3 DowDuPont
8.4 Haili
8.5 Hongye
8.6 Huafon
8.7 Tangshan Zhonghao Chemical Co. Ltd
8.8 LANXESS
8.9 Radici
8.10 Solvay
8.11 ShenmaIndustrial
8.12 Sumitomo Chemicals
8.13 Tianli
8.14 Yangmei Fengxi
8.15 Zhejiang Shuyang
*( List not exhaustive)

9. Disclaimer
**Subject to feasibility and availability on Public Domains
Note: Product cover images may vary from those shown
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  • ASCEND, BASF
  • DOWDUPONT S.ANDONG HAILI CHEMICAL INDUSTRY CO. Ltd S.ANDONG HONGYE CHEMICAL GROUP CO.,LTD
  • HUAFON
  • TANGSHAN ZHONGHAO CHEMICAL CO. Ltd
  • LANXESS
  • RADICI
  • SOLVAY
  • SHENMA INDUSTRIAL
  • SUMITOMO CHEMICALS
  • TIANLI
  • YANGMEI FENGXI
  • ZHEJIANG SHUYANG
Note: Product cover images may vary from those shown
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