Adipic Acid Market Is Forecasted To Grow Due To The Nylon And Automotive Industry Expansion

The global adipic acid market size was worth around USD 4.9 billion in 2023 and is predicted to grow to around USD 7.0 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.9% between 2024 and 2032.

Adipic acid is a white crystalline dicarboxylic acid used as a raw material in nylon 6,6 fibers and plastics. This versatile chemical is a key ingredient in polyamides, polyurethanes, and various synthetic materials used in the automotive, textile, and consumer goods industries. Recent developments in adipic acid production have focused on bio-based production, reduced environmental impact production, cleaner synthesis, and sustainable feedstock. This has improved production efficiency, environmental compliance, and cost effectiveness while maintaining product quality and performance.

The growth of the adipic acid industry is primarily driven by increasing demand for nylon production, expansion of the automotive industry, growth in textile manufacturing, and rising production of consumer goods worldwide.

Browse the full “Adipic Acid Market By Raw Material (Cyclohexane, Phenol, Cyclohexanol, Cyclohexanone and Benzene), By Application (Polyurethane, Nylon 6,6 Fiber, Nylon 6,6 Resin, Adipate Esters, and Others), By End-Users (Automotive, Electrical & Electronics, Packaging & Consumer Goods, Building & Construction, Textile, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 - 2032”- Report at https://www.zionmarketresearch.com/report/adipic-acid-market

Market Growth Factors

Several factors are propelling the expansion of the adipic acid market.

• Nylon industry expansion: The increasing use of nylon 6,6 in cars, electronics, and various industries is driving higher demand for adipic acid.
• Automotive sector growth: Increasing vehicle production globally requires lightweight, durable materials made from adipic acid-based polymers for various automotive components.
• Textile manufacturing boom: Higher demand for synthetic fabrics, carpets, and industrial textiles is creating big opportunities for adipic acid suppliers.

Restraints

• Environmental regulations: Strict rules about nitrous oxide emissions during production raise costs and compliance requirements.
• Raw material price volatility: Fluctuating prices of cyclohexane and other petroleum-based feedstocks impact production costs and profit margins significantly.

Adipic Acid Market: Report Scope

Market Segmentation

The adipic acid market can be segmented by application, production method, end-use industry, purity grade, and region.

Based on application, the market is divided into nylon 6,6 production, polyurethane manufacturing, food additives, and plasticizer applications. Nylon 6,6 production is expected to lead the market during the forecast period due to its extensive use in automotive, electrical, and industrial applications that require high-performance materials.

Based on production method, the adipic acid industry is categorized into cyclohexane oxidation, cyclohexene oxidation, and bio-based production processes. Cyclohexane oxidation leads the market due to its established manufacturing infrastructure and cost-effective production capabilities in petrochemical facilities.

Based on end-use industry, the adipic acid market is segmented into automotive manufacturing, textile production, consumer goods, and chemical processing. Automotive manufacturing leads the market as it represents the largest consumption volume for nylon-based components and engineering plastics.

Based on purity grade, the market is classified into technical grade, food grade, pharmaceutical grade, and specialty applications. Technical grade holds the largest market share due to its widespread use in industrial manufacturing processes and the production of polymers.

Asia Pacific leads the global adipic acid market due to its large manufacturing base, growing automotive production, and expanding textile industries. The region has major chemical manufacturers and polymer producers with large production capacities. They have an effective manufacturing process, a skilled workforce, and an established supply chain. Focus on industrial growth and infrastructure development drives continuous demand for adipic acid-based materials and applications. Investment in manufacturing facilities and expansion of production capacity further boost market growth in the region.

Key Market Players

Leading companies operating in the global adipic acid market include:

• Invista
• Ascend Performance Materials
• BASF SE
• Rennovia Inc.
• Radici Group
• Solvay
• Lanxess AG
• Asahi Kasei Corporation
• Rhodia (Solvay Group)
• Sumitomo
• Chemical Co., Ltd.
• Shandong Haili Chemical Industry Co., Ltd.
• China Petroleum & Chemical Corporation (Sinopec)
• Liaoyang Petrochemical Company
• Hualu Hengsheng Chemical Co., Ltd.
• Genomatica Inc.

 Recent Developments

• In November, Toray Industries is exploring the commercialization of bio-based adipic acid production from agricultural waste in Thailand in partnership with PTT Global Chemical Public Company Limited (GC).

The global adipic acid market is segmented as follows:

By Raw Material

• Cyclohexane
• Phenol
• Cyclohexanol
• Cyclohexanone
• Benzene

By Application

• Polyurethane
• Nylon 6,6 Fiber
• Nylon 6,6 Resin
• Adipate Esters
• Others

By End Users

• Automotive
• Electrical & Electronics
• Packaging & Consumer Goods
• Building & Construction
• Textile
• Others

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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