Description:
Axiom Market Research Consulting™ added a report on the global Adipic Acid Market which includes studies on type, and application across various countryes and key regions across the globe. Axiom MRC provides a variety of market research consulting services using its scientific, objective, and all-encompassing research methodologies.
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A dicarboxylic acid with two carbonyl groups is adipic acid. Sugar cane and beets naturally contain it. It is produced by synthesising crude oil and benzene. Adipic acid is used to create nylon to a degree of around 90% and is also used to make plasticizers and components for lubricants. It is employed in the food industry as an acidulant, leavening agent, buffering agent, gelling aid, and taste enhancer. To regulate the concentration of acid and base, it is also utilised in medicine.
Key Players:
- PetroChina Company Limited
- INVISTA
- Asahi Kasai Corporation
- BASF SE
- Ascend Performance Materials
- LANXESS
- Solvey S.A.
- Radici Partecipazioni SpA
- Bioamber Inc
- Sumitomo Chemical Co. Ltd.
- Shandong Hongye Chemical Company Ltd.
- PetroChina Liaoyang Petrochemical
Adipic Acid Market By Raw Material:
- Cyclohexanol
- Cyclohexanone
Adipic Acid Market Application:
- Automotive
- Electrical And Electronics
- Textiles
- Food And Beverages
- Personal Care
- Pharmaceutical
- End-User Industries
Adipic Acid Market By Geography:
In terms of volume, the Asia Pacific region now controls the world market for adipic acid. Raw materials are in high demand from the automobile industry's primary market, and rules and regulations are being relaxed in nations like China and India, which helps the market expand. The most promising region in terms of growth is Asia Pacific, followed by the Middle East and Africa. This is because of the region's permissive regulations and easy access to raw materials. North America is the largest market in terms of revenue since there is a greater need for adipic acid there due to the existence of the textile and pharmaceutical sectors. The market expands as the food and beverage and automobile industries expand in this area.
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