Adipic Acid Market by End-Product, Application, by End-User and Region 2019-2028.

The study analyses the global adipic acid market based on product, source, application, and geography. Cyclohexanol and cyclohexanone are used as a raw material in the adipic acid formation. The cyclohexanol segment is likely to dominate the market over the forecast period. The market find

Adipic acid Market is a dicarboxylic acid which contains two carbonyl group. It is naturally found in sugar cane and beets. It is synthesized from benzene and crude oil. It is used to manufacture lubricant components and plasticizes, about 90% of adipic acid is used to make nylon. In food industries, it is used as an acidulant, leavening agent, buffering agent, gelling aid and gives tart sweet flavor. It is also used in medicine to control the acid and base concentration. 

Market Dynamics- Adipic Acid Market

An increase in demand for adipic acid in electrical electronics, automotive, consumer goods, and appliance industry are the main drivers of the market. R D in textiles production is also helping the market to grow, as companies are focusing on lightweight, durable, high quality, and high absorption quality which are capable during extreme conditions like chemical and temperature. The presence of some environmental restriction rules and regulations in some regions, fluctuation in raw material price, and increasing use of hybrid fiber are the main restraints of the adipic acid market.

Economic Impact of COVID-19 on Adipic Acid Market

The exclusive COVID 19 impact analysis provides an analysis of micro and macro-economic factors on the adipic acid market. In addition, complete analysis of changes on healthcare expenditure, economic and international policies on supply and demand side. The report also studies the impact of the pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market. The Covid-19 epidemic has led to a positive impact on the growth of the packaging industry. Though, it has given rise to demand for plastic packaging. Which helps the adipic acid market to grow in pandemic. Food beverage packaging has observed a high demand during the pandemic, as consumers have been more tending toward packaged food products due to factors such as maintaining hygiene and safety.

Get Free Sample Research Copy for More Industry Insights:

https://www.axiommrc.com/request-for-sample/10272-adipic-acid-market-report

Adipic Acid Market Segmental Overview

The study analyzed the global adipic acid market based on raw material, end product, application, end-user industry, and geography.

Adipic Acid Market by End Product

Nylon 66 fibers, nylon 66 engineering resins, polyurethanes, and adipate esters are the end product of the adipic acid market. Polyurethane is likely to emerge as the fastest-growing segment over the forecast period accounting for the highest share in the adipic acid market. There is a high demand for innovative PU foams in several end-use industries on account of their durability, versatility, low cost, and high functionality. These foams are considered excellent and safe filling materials for mattresses and seating cushions.

Adipic Acid Market by Application

Adipic acid is mostly used in automotive, electrical and electronics, textiles, food and beverages, personal care, pharmaceutical, and other end-user industries. Almost 13.7% of the total adipic acid demand was for automotive applications, with the industrial/machinery segment also being the fastest-growing end-use segments, primarily due to their high penetration in all the regions. The drivers of the industry are stringent government regulations, increasing pressure for clean air and water, and the need to improve the standard of processing and manufacturing end-products.

Adipic Acid Market by Geography

The Asia Pacific is dominating the global adipic acid market in terms of volume. High demand from automotive sector chief market of raw material and relaxing rule and regulation in countries like China and India which helps the market to grow. Followed by the Asia Pacific, Middle East, and Africa is the most promising region in term of growth due to relaxing rules and regulation and easily presence of raw material. In terms of revenue, North America is the largest market, as it has more demand for adipic acid due to the presence of textile industries, and pharmaceutical industries. An increase in the food beverage and automotive sector in this region helps the market to grow. 

Buy Now And Get More Discount:

https://www.axiommrc.com/buy_now/10272-adipic-acid-market-report

Adipic Acid Market Key Players

 

 The study analyses the global adipic acid market based on product, source, application, and geography. Cyclohexanol and cyclohexanone are used as a raw material in the adipic acid formation. The cyclohexanol segment is likely to dominate the market over the forecast period. The market finds application in plasticizers, unsaturated polyester resins, wet paper resins, coatings, synthetic lubricants, and food additives. The coating segment is likely to register the fastest growth in years to come. Nylon 66 fibers, nylon 66 engineering resins, polyurethanes, and adipate esters are the end product of the adipic acid market. The polyurethanes segment is leading the market over the forecast period. Adipic acid is mostly used in automotive, electrical and electronics, textiles, food and beverages, personal care, pharmaceutical, and other end-user industries. The automotive sector will register the fastest growth over the forecast period. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, and the Rest of the World.

About Us

Axiom Market Research Consulting™ is a full-service market research and data analytics company providing key market intelligence to global companies to take informed business decisions pertaining to their marketing strategy, investments, new product launches, market competition, consumer or end users, social media trends etc. 

Axiom Market Research Consulting™ offers market research services such as syndicated market research, custom market research, business consulting, and consumer/end user surveys. Under Business to Consumer (B2C) market research offerings, Axiom MRC assists its clients in finding quantitative information/preferences of its brands and services such as, awareness, usages, satisfaction, tracking, ethnicity etc. Axiom MRC offers data collection services through online surveys, social media, data processing and interpretation. 

Axiom MRC with its experienced team of research and data analysts, has delivered more than 5000+ Market Research Projects, 3800+ Data Analytics Projects, 1200+ Business Support Projects and has a 800+ Global Client Base. Axiom Market Research Consulting™ aims to become the preferred market research and data analytics company by providing key market intelligence solutions for client’s business growth.

Contact Us:

 Axiom Market Research Consulting™

3 Germay Dr. Ste 4 - 4666

Wilmington DE 19804

U.S.:- + 1 (845) 875-9786

U.K.:- + 44 (0) 20 3286 9707

Email: [email protected]

Website: https://www.axiommrc.com/

 

Follow On

LinkedIn: https://www.linkedin.com/company/axiom-market-research-and-consulting/

Twitter:  https://twitter.com/AxiommrcCom

 

 

 

 

 

 

 

 

 

 

 

 

 


shruti pathak

303 blog messaggi

Commenti