Adipic Acid - Global Strategic Business Report

The global market for Adipic Acid was valued at USD 14.6 Billion in 2024 and is projected to reach USD 18.2 Billion by 2030, growing at a CAGR of 3.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Adipic Acid Market - Key Trends & Drivers Summarized

What Technological Advancements Are Shaping the Adipic Acid Market?

The adipic acid market has witnessed significant technological advancements, enhancing production efficiency and sustainability. Traditional production methods involve the oxidation of cyclohexanol or cyclohexanone, but recent innovations have focused on developing bio-based production processes using renewable feedstocks such as glucose and other biomass sources. These bio-based methods aim to reduce the environmental impact and dependence on fossil fuels. Additionally, advancements in catalyst development and process optimization have improved yield and energy efficiency in adipic acid production. The use of green chemistry principles and environmentally friendly solvents further enhances the sustainability of adipic acid manufacturing. These advancements reflect a trend towards more efficient and sustainable production methods in the adipic acid industry.

How Is Adipic Acid Used Across Different Industries?

Adipic acid is a versatile chemical with a wide range of applications across various industries. In the automotive industry, it is used to produce nylon 6,6, a high-performance engineering plastic used in automotive parts and components. The textile industry relies on adipic acid for producing synthetic fibers, which are used in clothing, carpets, and upholstery. In the food and beverage industry, adipic acid is used as an acidity regulator and flavoring agent. The chemical industry uses adipic acid as a precursor for producing polyurethanes, which are used in foams, coatings, and elastomers. Additionally, adipic acid is used in the production of plasticizers, which improve the flexibility and durability of plastics. These diverse applications highlight the importance of adipic acid in various industrial processes.

Why Is Sustainability a Major Focus in Adipic Acid Production?

Sustainability has become a major focus in adipic acid production, driven by the need to reduce environmental impact and promote resource efficiency. The development of bio-based production methods using renewable feedstocks addresses concerns related to fossil fuel depletion and greenhouse gas emissions. Manufacturers are also optimizing traditional production processes to reduce energy consumption and improve yield, contributing to lower carbon footprints. The use of sustainable feedstocks and the implementation of green chemistry principles further enhance the environmental performance of adipic acid production. These sustainability initiatives align with global efforts to promote circular economy practices and achieve long-term environmental goals. By focusing on sustainable production methods, the adipic acid industry is addressing both regulatory requirements and consumer demand for environmentally responsible products.

What Are the Key Drivers of Market Growth?

The growth in the adipic acid market is driven by several factors. Technological advancements in production processes enhance efficiency and yield, meeting the increasing demand for high-quality adipic acid. The expansion of industries such as automotive, textiles, chemicals, and food and beverage drives the demand for adipic acid. The growing emphasis on sustainability and the development of bio-based production methods address environmental concerns and regulatory requirements. The rising use of adipic acid in emerging applications, such as in the production of biodegradable plastics and renewable chemicals, further propels market growth. Additionally, investments in research and development by manufacturers foster innovation and the introduction of advanced production technologies. These factors collectively drive the dynamic and rapidly evolving adipic acid market.

Report Scope

The report analyzes the Adipic Acid market, presented in terms of market value (USD Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Application (Nylon 6,6, Polyurethanes, Adipic Esters, Other Applications).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Nylon 6,6 Application segment, which is expected to reach $10.1 Billion by 2030 with a CAGR of a 3.8%. The Polyurethanes Application segment is also set to grow at 4.1% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $3.9 Billion in 2024, and China, forecasted to grow at an impressive 6.3% CAGR to reach $3.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Asahi Kasei Corporation, Ascend Performance Materials LLC, BASF SE, BioAmber Inc., Genomatica Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Adipic Acid Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Adipic Acid Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Adipic Acid Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 24 major companies featured in this Adipic Acid market report include:

• Asahi Kasei Corporation
• Ascend Performance Materials LLC
• BASF SE
• BioAmber Inc.
• Genomatica Inc.
• Huafon Group Co. Ltd.
• INVISTA
• LANXESS AG
• PetroChina Company Ltd.
• Radici Partecipazioni SpA
• Shandong Haili Chemical Industry Co. Ltd.
• Shandong Hongye Chemical Group Co. Ltd.
• Solvay SA
• Sumitomo Shoji Chemical Co. Ltd.
• Tokyo Chemical Industry Co. Ltd.
• Verdezyne, Inc.