Market Overview:
The global refined adipic acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for adipic acid in various applications such as nylon 66, polyurethanes, and others. Additionally, the growing demand for adipic acid in emerging economies is also contributing to the growth of this market. However, fluctuations in prices of raw materials may restrain the growth of this market during the forecast period. On basis on type, cyclohexane oxidation segment accounted for majority share in global refined adipic acid market and it is projected to grow at highest CAGR over next 10 years owing high adoption rate across various application segments .
Product Definition:
Refined adipic acid is a white crystalline powder that is used to make polyamides, plastics, and other chemicals.
Cyclohexane Oxidation:
Cyclohexane oxidation is a chemical process used for the production of adipic acid. The process involves the oxidation of cyclohexane to formaldehyde and then further converted to adipic acid. Adipic acid is used in various end-use industries such as automotive, construction, electrical & electronics, medical devices and packaging among others.
Cyclohexene Oxidation:
Cyclohexene is an intermediate product in the production of adipic acid. It is a colorless liquid that exists in nature as plant derivatives such as s-coumarol and benzene derivatives. The process of manufacturing cyclohexene from its natural sources or synthetic route involves oxidation with air to yield olefin, followed by hydrogenation to form the final product.
Application Insights:
Nylon 66 application segment led the global refined adipic acid market in 2017. Nylon 66 is used as a monomer in the manufacturing of nylon 6,6 which is further utilized to produce fibers for applications such as filtration and cables. The growth of various end-use industries including automotive, construction and packaging are anticipated to augment product demand over the forecast period.
Polyurethane (PU) application segment was valued at USD 142.5 million in 2017 owing to its high demand from several industries including footwear, textile and automotive interiors among others.
Regional Analysis:
Asia Pacific is expected to be the fastest growing region over the forecast period. The growth of this region can be attributed to increasing nylon 66 production in China and India on account of rising demand from various end-use industries including automotive, packaging, and textile. Asia Pacific accounted for a volume share of 52.1% in 2017 owing to its large nylon 66 manufacturing base along with high consumption from other application segments such as construction, electrical & electronics, and others.
North America market was valued at USD X million in 2017.
Growth Factors:
- Growing demand from the automotive and textile industries as a replacement for traditional materials such as metals and plastics
- Increasing application of adipic acid in food additives, pharmaceuticals, and personal care products
- Rising production capacity of adipic acid in China, India, and other developing countries
- Technological advancements that improve the efficiency of adipic acid production processes
- Growing awareness about the benefits of using refined adipic acid in various applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Refined Adipic Acid Market Research Report
By Type
Cyclohexane Oxidation, Cyclohexene Oxidation, Phenol Hydrogenation
By Application
Nylon 66, Polyurethanes, Others
By Companies
Invista, Solvay, Ascend, BASF, Radici, Asahi Kasei, Lanxess, Haili, Huafon, Shenma Industrial, Hualu Hengsheng, Liaoyang Sinopec, Hongye, Tianli
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Refined Adipic Acid Market Report Segments:
The global Refined Adipic Acid market is segmented on the basis of:
Types
Cyclohexane Oxidation, Cyclohexene Oxidation, Phenol Hydrogenation
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Nylon 66, Polyurethanes, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Invista
- Solvay
- Ascend
- BASF
- Radici
- Asahi Kasei
- Lanxess
- Haili
- Huafon
- Shenma Industrial
- Hualu Hengsheng
- Liaoyang Sinopec
- Hongye
- Tianli
Highlights of The Refined Adipic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cyclohexane Oxidation
- Cyclohexene Oxidation
- Phenol Hydrogenation
- By Application:
- Nylon 66
- Polyurethanes
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Refined Adipic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Refined adipic acid is a type of adipate that has been purified from animal or plant sources. It is typically used in cosmetics and other personal care products to improve the appearance of skin.
Some of the major companies in the refined adipic acid market are Invista, Solvay, Ascend, BASF, Radici, Asahi Kasei, Lanxess, Haili, Huafon, Shenma Industrial, Hualu Hengsheng, Liaoyang Sinopec, Hongye, Tianli.
The refined adipic acid market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Refined Adipic Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Refined Adipic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Refined Adipic Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Refined Adipic Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Refined Adipic Acid Market Size & Forecast, 2020-2028
4.5.1 Refined Adipic Acid Market Size and Y-o-Y Growth
4.5.2 Refined Adipic Acid Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cyclohexane Oxidation
5.2.2 Cyclohexene Oxidation
5.2.3 Phenol Hydrogenation
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Nylon 66
6.2.2 Polyurethanes
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refined Adipic Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Refined Adipic Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cyclohexane Oxidation
9.6.2 Cyclohexene Oxidation
9.6.3 Phenol Hydrogenation
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Nylon 66
9.10.2 Polyurethanes
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cyclohexane Oxidation
10.6.2 Cyclohexene Oxidation
10.6.3 Phenol Hydrogenation
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Nylon 66
10.10.2 Polyurethanes
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cyclohexane Oxidation
11.6.2 Cyclohexene Oxidation
11.6.3 Phenol Hydrogenation
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Nylon 66
11.10.2 Polyurethanes
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cyclohexane Oxidation
12.6.2 Cyclohexene Oxidation
12.6.3 Phenol Hydrogenation
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Nylon 66
12.10.2 Polyurethanes
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cyclohexane Oxidation
13.6.2 Cyclohexene Oxidation
13.6.3 Phenol Hydrogenation
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Nylon 66
13.10.2 Polyurethanes
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Refined Adipic Acid Market: Competitive Dashboard
14.2 Global Refined Adipic Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Invista
14.3.2 Solvay
14.3.3 Ascend
14.3.4 BASF
14.3.5 Radici
14.3.6 Asahi Kasei
14.3.7 Lanxess
14.3.8 Haili
14.3.9 Huafon
14.3.10 Shenma Industrial
14.3.11 Hualu Hengsheng
14.3.12 Liaoyang Sinopec
14.3.13 Hongye
14.3.14 Tianli
