Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Adipic Acid Market, answers all the important questions.
Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the Adipic Acid Market.
The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2020-2025.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?
These questions and many more, big and small, are all discussed in the report in great detail.
The Adipic Acid Market: Highlights
Adipic acid market is likely to witness a healthy CAGR of 4.2% during the forecast period. The global adipic acid market, along with its end products, has registered a direct growth in the previous few years. This growth is expected to surge in the upcoming years. The sturdiness, quality, lightweight properties, remarkable energy absorbing characteristics, an upward in the claim for durable polyamide 66, and the forthcoming safety protocols & innovative procedures for its usage will be the prime driving factors for the global market with the enhanced prominence on its different types and applications.
The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.
Dissection by Segments
• By Application Type : Polyamide/Nylon 66, Polyurethanes, Adipic/Adipate Esters and Other
• By Material Type : Engineering Plastics and Fibers
• By Region : North America, Europe, Asia-Pacific, and RoW
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Based on the material type, the market is segmented as engineering plastics & fibers. The engineering plastics segment is further sub-segmented into automotive, packaging films & coatings, industrial/machinery, electrical & electronics, consumer goods, appliances, wire & cable, and others. About 13.7% of the total demand was registered from the automotive sub-segment in 2012, followed by the consumer goods application sub-segment as the most speedily developing segment in the global adipic acid market.
Based on the application type, the market is segmented as polyamide/nylon 66, polyurethanes, adipic/adipate esters, and others. The polyamide 66 application segment is estimated to be the largest-application owing to its specific properties and also on account of the growing demand for lightweight polyamide 66 majorly from the auto component manufacturers. In terms of regions, presently, the Asia-Pacific region is the largest consumer of adipic acid. China and Japan are the growth engines of the region with the largest share in the regional volumetric consumption of adipic acid in 2012. The market volume of the acid is relatively low in the European region, and is expected to flourish with a low growth of 1.8% during the forecast period.
Some of the major players in the adipic acid market are Asahi Kasei Corporation, Ascend Performance Materials Inc., BASF SE, Invista, Lanxess Aktiengesellschaft, Petrochina Liaoyang Petrochemical, Radici Group, Rhodia, Shandong Haili Chemical Industry Company, Ltd. (BOHUI), and Shandong Hongye Chemical Company, Ltd.
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