Lake Shore Gazette

Leading News Website

The Adipic Acid Market To Explode Between 2016-2022

Introduction
Adipic acid is one of the most commercially important type of aliphatic dicarboxylic acids, especially due to its significant usage as a feedstock for the production of industrial fibres. It is produced from the oxidation of a mixture of cyclohexanol and cyclohexanone with nitric acid. Alternatively, adipic acid can also be produced from butadiene carbonylation. There has been a significant demand for chemically resilient, strong and durable fibers for the manufacture of automotive parts. This has initiated a strong demand for adipic acid, since it is one of the key ingredients for the production of composite materials. The major consumption of adipic acid is as the feedstock for the production for nylon 6,6 resin and engineering fibres. The non-nylon applications of adipic acid include its usage in the manufacture of polyurethanes, plasticizers, food additives and pharmaceuticals.

To remain ‘ahead’ of your competitors, request for a sample @

https://www.persistencemarketresearch.com/samples/9980

The escalating demand for adipic acid from automotive, electrical & electronics, consumer goods and appliances industry is one of the chief drivers for the adipic acid market. The extensive research and development in the textile production technology is also one of the key factors influencing the adipic acid market. The companies are focusing on developing high quality, durable, lightweight and high absorption capacity fibres which are capable of enduring extreme conditions such as high temperatures and are chemically inert as well. The adipic acid market has witnessed a significant growth in the recent decade and the trend is anticipated to continue for the forecast period. However, the presence of stringent environmental regulations in different regions and the rise of hybrid fibres is expected to restrain the adipic acid market.

Market: Segmentation

basis of Application:
  • Fibres
    • Adipic Esters
    • Polyamide 66
    • Polyurethane
  • Engineering plastics
  • Automotive
  • Electrical appliances
  • Industrial
  • Film Coating
basis of the regions
  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East & Africa

For critical insights on this market, request for methodology here @         

https://www.persistencemarketresearch.com/methodology/9980

Regional Outlook

In terms of production and consumption Asia Pacific is the biggest market for the adipic acid. The chief markets in Asia Pacific region include India and China, which are forecasted to exhibit double digit CAGR owing to relatively relaxed regulation and high demand from the automotive manufacturers markets Followed by Asia Pacific the next most promising region is Middle East and Africa, which will be a chief participant in the adipic acid market in the coming years. Although North America is one of the largest market for adipic acid in terms of consumption. However, the demand in this regions is modest and is anticipated to exhibit modest growth over the forecast period. Europe is anticipated to exhibit a modest growth in imminent years for adipic acid owing to its high demand in the automotive industry, but the market in this region is limited due to the presence of strict regulations.

Key Players

Some of the key players include in the adipic acid market report include DSM, Ascend Performance Materials Inc., BASF SE , Verdezyne, PetroChina Liaoyang Petrochemical ,Rennovia, Sumitomo Chemical Co., Ltd, Asahi Kasei Corporation, Invista, Lanxess Ag and Rhodia

For in-depth competitive analysis, buy now@

https://www.persistencemarketresearch.com/checkout/9980

About us:                                           

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

Contact us:

Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com

Leave a Reply

Your email address will not be published. Required fields are marked *