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Global Adipic Acid Market 2017-2021

Global Adipic Acid Market 2017-2021

About Adipic Acid

Adipic acid is a dicarboxylic acid with a white crystalline structure. It is produced from benzene by first converting into ketone-alcohol oil and then oxidizing it with nitric acid. It is partially soluble in water but is completely soluble in alcohol and acetone. It is also produced by various other processes such as carbonylation of butadiene, phenol-based production, and bio-based production. In 2015, more than 90% of the adipic acid was produced by the cyclohexane-based production process. Bio-based production of adipic acid is expected to have high demand during the forecast period.

Technavio’s analysts forecast the global adipic acid market to grow at a CAGR of 3.10% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global adipic acid market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Adipic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Asahi Kasei
  • BASF
  • INVISTA
  • LANXESS
  • Solvay
Other prominent vendors
  • Ascend Performance Materials
  • PetroChina Liaoyang Petrochemical
  • Radici Partecipazioni
  • RENNOVIA
  • Shandong Haili Chemical Industry
  • Shandong Hongye Chemical Group
  • Verdezyne
Market driver
  • Growing demand for adipic acid from automotive industry.
  • For a full, detailed list, view our report
Market challenge
  • Volatility in raw material prices.
  • For a full, detailed list, view our report
Market trend
  • Shift in manufacturing facilities from developed to developing regions.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Adipic Acid Market 2017-2021

Technavio recognizes the following companies as the key players in the global adipic acid market: Asahi Kasei, BASF, INVISTA, LANXESS, and Solvay.

Other Prominent Vendors in the market are: Ascend Performance Materials, PetroChina Liaoyang Petrochemical, Radici Partecipazioni, RENNOVIA, Shandong Haili Chemical Industry, Shandong Hongye Chemical Group, and Verdezyne.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increasing demand for 3D printing. Adipic acid derivatives such as nylon 6 and nylon 6,6 are increasingly used in the 3D printing. The fused deposition modeling (FDM) 3D printing technique is expected to increase the demand for adipic acid in the upcoming years. Nylon filament offers good Z-axis lamination, high strength, and excellent chemical resistance.”

According to the report, one driver in market is growing demand for adipic acid from automotive industry. High-performance plastics such as nylon have an important role in the automotive segment. Lightweight plastics helps in the production of fuel-efficient vehicles. Reduction in the weight of the automobile by every 10% is expected to have a 5%-7% reduction in the fuel use. The increasing fuel prices and environmental concerns about pollution have propelled the manufacturing of fuel-efficient cars in the automotive industry. Automotive air intake manifolds were made of metals, but today nylon fibers are used extensively for the production these manifolds. The substitution of metals in the manifolds with nylon reduces the weight of these parts by half and decreases the production costs by more than one-third.

Further, the report states that one challenges in market is volatility in raw material prices. Adipic acid is mainly produced from the cyclohexanone and cyclohexanol. The hydrogenation of benzene produces cyclohexanone. Benzene is the main raw material for the production of adipic acid. The oil and gas industry is one of the principal suppliers of raw materials for the global adipic acid market. The fluctuations in the crude oil prices have a severe effect on the prices of the raw material, affecting the costs of adipic acid. In 2010, the crude oil price for Brent was around $77 per barrel, but there was an increase in the price during 2012 by nearly 41%. However, in the subsequent years, the price of crude oil per barrel decreased at a rate of nearly 60% in 2016.

Companies Mentioned

Asahi Kasei, BASF, INVISTA, LANXESS, Solvay, Ascend Performance Materials, PetroChina Liaoyang Petrochemical, Radici Partecipazioni, RENNOVIA, Shandong Haili Chemical Industry, Shandong Hongye Chemical Group, and Verdezyne.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • Overview
      • Table Different types of adipic acid production
      • Table Detailed analysis of production process of adipic acid
  • Market landscape
    • Market size and forecast
      • Table Global adipic acid market 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global adipic acid market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global adipic acid market by application
      • Table Global adipic acid market by application 2016
      • Table Global adipic acid market by application 2021
    • Global adipic acid market for nylon 6,6 fibers
      • Table Global adipic acid market for nylon 6,6 fibers 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global adipic acid market for nylon 6,6 fibers 2016-2021
    • Global adipic acid market for nylon 6,6 resins
      • Table Global adipic acid market for nylon 6,6 resins 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global adipic acid market for nylon 6,6 resins 2016 and 2021
    • Global adipic acid market for polyurethanes
      • Table Global adipic acid market for polyurethanes 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global adipic acid market for polyurethanes 2016-2021
    • Global adipic acid market for adipic-adipate esters
      • Table Global adipic acid market for adipic-adipate esters 2016 and 2021 (thousand metrictons)
      • Table Market forecast: Global adipic acid market for adipic-adipate esters 2016 and 2021
    • Global adipic acid market for other applications
      • Table Global adipic acid market for other applications 2016 and 2021 (thousand metrictons)
      • Table Market forecast: Global adipic acid market for other applications 2016-2021
  • Geographical segmentation
    • Global adipic acid market by geography
      • Table Global adipic market by geography 2016
      • Table Global adipic acid market by geography 2021
    • Adipic acid market in APAC
      • Table Adipic acid market in APAC 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Adipic acid market in APAC 2016-2021
    • Adipic market in North America
      • Table Adipic acid market in North America 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Adipic acid market in North America 2016-2021
    • Adipic acid market in Europe
      • Table Adipic acid market in Europe 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Adipic acid market in Europe 2016-2021
    • Adipic acid market in ROW
      • Table Adipic acid market in ROW 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Adipic acid market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global four-wheeler production in 2015-2021 (million units)
      • Table Bio-based adipic acid production process
      • Table Uses of nylon fibers and resins in diversified applications
    • Impact of drivers on key regions
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key regions
      • Table Impact of challenges
  • Market trends
    • Increasing demand for 3D printing
    • Increase in technological innovations
    • Shift in manufacturing facilities from developed to developing regions
  • Vendor landscape
    • Competitive scenario
    • Major market vendors 2016
      • Table Global adipic acid market major vendors 2016
    • Other prominent vendors
  • Key vendor analysis
    • Asahi Kasei
      • Table Asahi Kasei: Business segmentation by revenue 2016
      • Table Asahi Kasei: Geographic segmentation by revenue 2016
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographic segmentation by revenue 2015
    • INVISTA
      • Table INVISTA: Product segmentation 2015
    • LANXESS
      • Table LANXESS: Business segmentation by revenue 2015
      • Table LANXESS: Geographic segmentation by revenue 2015
    • Solvay
      • Table Solvay: Segmentation of revenue by business 2015
      • Table Solvay: Geographical segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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