The global adipic acid market is anticipated to grow at a CAGR of over 3.0% during the forecast period (2020-2026). Around 70-80% of the adipic acid manufactured is used in the production of nylon 66 which owing to its superior mechanical, temperature resistant, and lightweight properties are in increasing demand in the automotive industry.
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In addition, polyamide is used in the manufacturing of glass-reinforced plastics-based structural parts, engine covers, rocker valve covers, air intake manifolds, airbag containers, and other interior and exterior automotive parts.
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Moreover, there is an increasing demand for lightweight engineering plastic in the automotive industry which further will give a boost to the growth of the global adipic acid market during the forecast period.
- Market Coverage
- Market Number Available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered-
o By End-Product
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Asahi Kasei, BASF SE, LANXESS AG, Sumitomo Chemicals Co. Ltd.
Global Adipic Acid Market Report Segment
By End-Product
- Nylon 66
- Polyurethanes
- Adipate Esters
By End-User
- Pharmaceutical
- Food & Beverages
- Electrical & Electronics
- Automobile
- Others
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
