Adipic Acid Market Size & Outlook 2025-2034

0
1Кб

Here is a comprehensive overview of the Adipic Acid market as of April 2025, covering recent developments, market drivers and restraints, regional analysis, emerging trends, top use cases, major challenges, and attractive opportunities.

The global adipic acid market is projected to reach USD 9.43 billion by 2028, at a CAGR of 7.70% from 2021 to 2028.​


Recent Developments

Leading chemical companies have made significant strides in sustainable adipic acid production:

BASF inaugurated a bio-based adipic acid plant in December 2024, aiming to reduce carbon emissions.

  • Invista launched a new line of polyamide products utilizing sustainably sourced adipic acid in November 2024.

  • DSM expanded its adipic acid production capacity in October 2024 to meet growing automotive sector demand.

  • Covestro AG developed energy-efficient production technology in September 2024.

  • Honeywell International introduced an advanced catalytic process in August 2024, enhancing efficiency and reducing emissions. ​


Market Drivers

  • Automotive Industry GrowthThe increasing demand for lightweight vehicles has propelled the use of nylon 6,6, a primary application of adipic acid.

  • Electronics ExpansionRapid growth in the electronics sector, especially in Asia, boosts the need for adipic acid in various components.

  • Sustainable Production InitiativesInvestments in bio-based production methods align with global sustainability goals. ​


Market Restraints

  • Raw Material Price VolatilityFluctuating prices in the petrochemical industry can impact production costs.

  • Environmental ConcernsTraditional adipic acid production releases nitrous oxide, a potent greenhouse gas, leading to stringent environmental regulations.

  • Regulatory ChallengesCompliance with environmental standards can increase operational costs. ​


Regional Segmentation Analysis

  • Asia-PacificEmerging as the most significant market, driven by automotive, electronics, and construction industries. India, in particular, is experiencing rapid infrastructure growth.

  • North AmericaDominates in revenue share due to high demand in the automotive sector.

  • EuropeFocuses on sustainable production methods, with companies investing in bio-based adipic acid. ​


Emerging Trends

  • Bio-Based Adipic AcidCompanies like BASF and RadiciGroup are investing in bio-based production to reduce carbon footprints.

  • Eco-Friendly Nylon 66Development of sustainable nylon products is gaining traction.

  • Technological InnovationsAdvancements in production processes aim to enhance efficiency and reduce environmental impact.


Top Use Cases

  • Nylon 6,6 ProductionAccounts for approximately 70–80% of adipic acid usage, primarily in automotive applications.

  • Polyurethane ProductionUsed in foams for various industries, including construction and automotive.

  • PlasticizersAdipic acid esters serve as plasticizers in PVC resins.


Major Challenges

  • Environmental ImpactAddressing the release of nitrous oxide during production is critical.

  • Regulatory ComplianceMeeting stringent environmental regulations requires significant investment.

  • Market CompetitionEmerging players focusing on sustainable methods increase competition.


Attractive Opportunities

  • Sustainable ProductionTransitioning to bio-based methods opens new market segments.

  • Emerging MarketsGrowth in Asia-Pacific, especially India and China, presents significant opportunities.

  • Innovation in ApplicationsExpanding use in food additives and pharmaceuticals offers new avenues for growth. 


For a detailed analysis and customized insights, you may refer to the comprehensive report by Intent Market Research. 

Поиск
Категории
Больше
Networking
How to Scrape Data on Amazon Best Sellers Easily
How to Scrape Data on Amazon Best Sellers to Improve Your E-commerce Product Strategy?...
От Arc ArcTechnolabs 2025-06-04 06:42:34 0 1Кб
Art
Animation is a successful career option after 12th? Graphic Designing
Animation is one of the most lucrative courses these days and also you get attractive salaries...
От Manish Vohra 2025-06-24 15:58:24 0 1Кб
Игры
Game
Games have always been an essential part of human culture. From the ancient board games to the...
От Gotrending Today 2025-08-03 07:02:50 0 209
Другое
Europe Hyperspectral Imaging Systems Market expected to reach USD 1,646.80 million by 2028
"Executive Summary Europe Hyperspectral Imaging Systems Market : CAGR Value The...
От Data Bridge 2025-07-24 06:49:05 0 489
Другое
Flooring Market 2025 Research Analysis, Strategic Insights and Forecast to 2033
The flooring market has seen significant innovation in recent years, including the development of...
От Sachin Morkane 2025-05-21 08:22:52 0 1Кб
Bundas24 https://www.bundas24.com