Synopsis of Adipic Acid Market:

Adipic acid is a white crystalline organic acid, which possesses six carbon atom and two carboxylate groups attached to the terminal carbons in the chain. Adipic acid is predominantly used as a buffer, acidifier, gelling aid, and sequestrant. It is utilized in confectionery, fats, cheese analogs, flavoring extracts, and fats. Moreover, they possess unique properties, which make them suitable for utilization in various end-use industries such as packaging & consumer goods, building & construction, automotive, electrical & electronics, textile, and others. Others end-use industries include food, medical, and furniture.

As per our analysis, some of the important market factors and trends identified in the global adipic acid market include constant industrialization, rising demand for high-quality plastic, and continuous growth of the packaging & consumer goods industry. Moreover, growing application of adipic acid in electrical & electronics sector is estimated to drive the growth of the market over the estimated period.

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Adipic Acid Market Key Players Analyzed in this report are:

INVISTA
Ascend Performance Materials
BioAmber Inc
Solvay S.A.
Shandong Hongye Chemical Company
Sumitomo Chemical Co
LANXESS
Asahi Kasei Corporation
BASF SE
Adipic Acid Segmentation:

The global adipic acid market is segmented on the basis of application, end-use industries, and region. On the basis of the application, the market is classified into polyurethane, nylon 6,6 fiber, nylon 6,6 resin, adipate esters, and others. On the basis of the end-use industries, the market is classified into automotive, electrical & electronics, packaging & consumer goods, building & construction, textile, and others. Others end-use industries include food, medical, and furniture. On the basis of the region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Adipic Acid Regional Analysis:

The global adipic acid market is spanned across five regions, Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific accounted for the largest market share in 2016 and is estimated to grow at a significant CAGR during the assessment period on account of the continuous growth of numerous end-use industries such as building & construction, automotive, and electrical & electronics among others. The demand for adipic acid is expected to fuel the market growth in the various countries of the Asia Pacific such as Japan, South Korea, India, Thailand, Taiwan, Malaysia, China, and Singapore on account of wide utilization by the automobile manufacturers. Furthermore, growing demand for packaged foods such as frozen meals and ready-to-eat meals is estimated to raise flexible packaging requirements, which is likely to propel the demand for adipic acid.

The Asia Pacific emerged as the largest adipic acid market followed by Europe and North America. North America is estimated to witness a steady growth in the adipic acid market due to the recovery of industrial sector along with increasing investments to revitalize electronics & consumer goods industry over the forecast period. In North American, countries such as the U.S and Canada are among the leading contributors to the regional adipic acid market share and are foreseeable to witness an average regional market growth on account of the strong consumer base for textile and packaging industry

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LIST OF TABLES:

Table 1 World Population By Major Regions (2016 To 2023)

Table 2 Global Adipic Acid Market: By Region, 2016-2023

Table 3 North America Adipic Acid Market: By Country, 2016-2023

Table 4 Europe Adipic Acid Market: By Country, 2016-2023

Table 5 Asia-Pacific Adipic Acid Market: By Country, 2016-2023