The global adipic acid market size was valued at US$ 7.1 billion (revenue) and 3737.8 kilo tons (volume) in 2016 and is expected to expand at a CAGR of 6.0% in terms of revenue and 4.1% in terms of volume during 2017 – 2025.

Adipic acid or hexanedioic acid are organic compounds with molecular formula (CH₂)₄(COOH)₂. Adipic acids are commercially formed by the reaction between cyclohexanone and cyclohexanol. High purity adipic acids are used in the manufacture of polyurethane. These are widely used in home furnishing applications such as bedding foam, furniture, and carpet underlays. These are widely used in cushioning materials to make furniture more comfortable and durable.

Increasing applications of adipic acid in various end-use industries, namely paints & coatings, automobiles, textiles, industrial appliances, consumer goods, electrical & electronics, wires & cables and food & packaging industry is expected to boost growth of the adipic acid market during the forecast period (2017-2025).

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The Adipic Acid Market report provides a comprehensive analysis of key market trends in the Adipic Acid Market. It also includes a discussion of historical trends, current market conditions, competitive landscape, growth opportunities, and fact-based challenges. The report quantifies the market share held by major players in the industry and provides an in-depth view of the competitive landscape. In terms of revenue (US$) and production, the market size is calculated during the study period along with details about the factors (drivers and constraints) influencing the market growth.

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Major players operating in the Adipic Acid market are Asahi Kasei Corporation, Ascend Performance Materials Inc., BASF SE, Invista, Lanxess Ag, PetroChina Liaoyang Petrochemical, Radici Group, Rhodia, Shandong Haili Chemical Industry Company Ltd., and Shandong Hongye Chemical Company, Ltd., Rennovia Inc.

This report surveys the Adipic Acid market and analyzes and surveys development status and forecasts in five different regions: North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

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This report contains an analysis of the factors driving the market growth. This report introduces the competitive landscape of the global market. It also provides a variety of market segments and applications that have been affected by the impact of COVID 19 or may have an impact on the market in the future. The analysis is based on current market trends and historical growth data. It includes detailed market segmentation, regional analysis, and industry competition patterns.

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Hence, The research study focuses on key growth opportunities and market trends separately from important market dynamics including market drivers and challenges. With the help of this report, stakeholders will be able to adapt to changes in the Adipic Acid industry and secure a strong market position in the years to come. The report offers market development statistics, a list of curated key players, in-depth regional analysis, and extensive market segmentation studies to provide a complete understanding of the global Adipic Acid market. The Global Adipic Acid Market Report also provides precise intelligence that prepares market players to compete well with their most powerful competitors on the basis of growth, sales, and other important factors.

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