Growth of the nylon 66 market is likely to have a positive impact on the adipic acid market demand globally. Nylon 66 accounts for a majority share in adipic acid’s demand. Rapidly growing consumer electronics industry in Asia is also one of the major factors contributing to industrial development.
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 textile production technology are 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 fibers that are capable of enduring extreme conditions such as high temperatures and are chemically inert as well. Adipic acid market has witnessed 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 fibers is expected to restrain the adipic acid market.
The Asia Pacific region holds excellent potential for the market penetration as adipic acid’s supply in this region is disrupted owing to low spot prices.
Moreover, the region has business-friendly atmosphere and is close to the nylon and polyurethane manufacturing industry. The product demand in this region is expected to soar by the end of the forecast period.
Adipic acid manufacturers are currently strategizing to physically position themselves between raw material supply hub and end-use industries to attain optimum growth and profit margins.
Major adipic acid manufacturers and distributors operating around the globe include Asahi Kasei Corporation, BASF SE, Invista, Lanxess AG, and Ascend Performance Materials LLC.
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Market Segmentation:
1. By Application
• Polyamide/Nylon 66
• Engineering Plastics
• Automotive
• Packaging Films & Coating
• Industrial/Machinery
• Electrical & Electronics
• Consumer Goods
• Appliances
• Wire & Cable
• Others
2. By Fibers
• Textile Filament
• Industrial Filament
• Carpet Filament
• Staple Fiber
• Polyurethanes
• Adipic/Adipate Esters (Plasticizers)
• Others
3. By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data points affecting market growth
Objectives of the Study:
• To provide an exhaustive analysis on the global adipic acid market by application type, by fibres and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the rest of the world
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies

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