Published by Coherent Market Insights
Posted on September 27, 2021
Adipic acid is an important raw material used in the production of industrial fiber such as Nylon 6.6. Adipic acid is basically produced by using various raw materials such as cyclohexane, benzene, and phenol. The lower purity grade of adipic acid is used to produce polyurethane whereas high purity grade is used to produce nylon.
The growing demand for nylon from the automotive industry is predominantly fueling the market growth of adipic acid. Nylon 6, 6 is widely used in the manufacturing of lightweight automobiles components such as intake manifolds, as these materials have better resistance which makes them ideal substitute of metals. Thus the growing demand for nylon 6.6 from the automotive industry is majorly driving the market growth of synthetic and bio-based adipic acid.
The global synthetic and bio-based adipic acid market is estimated to account for US$ 8,526.7 Mn in terms of value and 4,311.7 Thousand Kilo Tons in terms of volume by the end of 2019.
Top Key Players in Synthetic & Bio-based Adipic Acid market: Invista, Rhodia, BASF, Ascend Performance Materials, Shangdong Haili (Bohui), Liaoyang Petrochemical, Asahi Kasei, Radici
The scope of the Report:
The report segments the global Synthetic & Bio-based Adipic Acid Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Synthetic & Bio-based Adipic Acid Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Synthetic & Bio-based Adipic Acid market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Growth in the textile industry especially across the Asia Pacific region is projected to offer profitable market opportunities in the near future. The growing demand for sports shoes and apparel due to increasing number of people participating in the sports activities is expected to spur the market growth of adipic acid. Also, growth in the sports industry is another major factor augmenting the demand for nylon which in turn accelerating the market growth of synthetic and bio-based adipic acid.
Shifting consumer preferences towards highly soft mattresses due to improving lifestyle of the consumer is projected to propel the market growth of synthetic and bio-based adipic acid. Polyurethane (PU) is majorly used for safe filling materials in mattresses and sitting cushions. Moreover, growth in the furniture industry where PU foam is used to offer flexibility to furniture products is also projected to augment the market growth. Thus, growing demand for highly soft mattresses is expected to propel the market growth.
Electronic consumer goods such as smartphones, OLED TVs, tablets, etc. are experiencing the highest demand in the electronic consumer goods industry. This is attributed to the growing use of smartphones and other advanced devices due to the increasing penetration of the internet. Also, the electronic and electrical industry is witnessing the fastest growth on the account of growing trend of digitalization around the globe.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Synthetic & Bio-based Adipic Acid market global industry size, growth, emerging trends and business opportunities appeared first on Gatorledger.
Adipic acid is an important raw material used in the production of industrial fiber such as Nylon 6.6. Adipic acid is basically produced by using various raw materials such as cyclohexane, benzene, and phenol. The lower purity grade of adipic acid is used to produce polyurethane whereas high purity grade is used to produce nylon.
The growing demand for nylon from the automotive industry is predominantly fueling the market growth of adipic acid. Nylon 6, 6 is widely used in the manufacturing of lightweight automobiles components such as intake manifolds, as these materials have better resistance which makes them ideal substitute of metals. Thus the growing demand for nylon 6.6 from the automotive industry is majorly driving the market growth of synthetic and bio-based adipic acid.
The global synthetic and bio-based adipic acid market is estimated to account for US$ 8,526.7 Mn in terms of value and 4,311.7 Thousand Kilo Tons in terms of volume by the end of 2019.
Top Key Players in Synthetic & Bio-based Adipic Acid market: Invista, Rhodia, BASF, Ascend Performance Materials, Shangdong Haili (Bohui), Liaoyang Petrochemical, Asahi Kasei, Radici
The scope of the Report:
The report segments the global Synthetic & Bio-based Adipic Acid Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Synthetic & Bio-based Adipic Acid Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Synthetic & Bio-based Adipic Acid market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Growth in the textile industry especially across the Asia Pacific region is projected to offer profitable market opportunities in the near future. The growing demand for sports shoes and apparel due to increasing number of people participating in the sports activities is expected to spur the market growth of adipic acid. Also, growth in the sports industry is another major factor augmenting the demand for nylon which in turn accelerating the market growth of synthetic and bio-based adipic acid.
Shifting consumer preferences towards highly soft mattresses due to improving lifestyle of the consumer is projected to propel the market growth of synthetic and bio-based adipic acid. Polyurethane (PU) is majorly used for safe filling materials in mattresses and sitting cushions. Moreover, growth in the furniture industry where PU foam is used to offer flexibility to furniture products is also projected to augment the market growth. Thus, growing demand for highly soft mattresses is expected to propel the market growth.
Electronic consumer goods such as smartphones, OLED TVs, tablets, etc. are experiencing the highest demand in the electronic consumer goods industry. This is attributed to the growing use of smartphones and other advanced devices due to the increasing penetration of the internet. Also, the electronic and electrical industry is witnessing the fastest growth on the account of growing trend of digitalization around the globe.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Synthetic & Bio-based Adipic Acid market global industry size, growth, emerging trends and business opportunities appeared first on Gatorledger.
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