Adipic Acid Market – Opportunities & Forecast, 2020-2027
This global study conducted by GMI Research provides an
overview of the existing market trends, drivers, restrictions, and metrics and
also offers a viewpoint for different segments. The market report tracks the
overall demand growth during the forecast period. A regional study of the market
is also carried out in North America, Asia-Pacific, Europe, and the Rest of the
World. The report indicates growth parameters in the regional markets, along
with leading players that are dominating the industry.
Competitive Landscape:
The leading organizations covered in the Adipic Acid Market are:
·
BASF SE
·
Asahi Kasei Corporation
·
Invista
·
Ascend Performance Materials, Inc.
·
Radici Group
·
Lanxess
·
Shandong Hongye Chemical Company Ltd.
·
Petrochina Liaoyang Petrochemical
·
Solvay
·
Shandong Haili Chemical Industry Company Ltd.
Drivers of the Adipic Acid Market:
The adipic acid market is experiencing an upsurge in demand
over the forecast period. This is mainly due to the growing adoption of adipic
acid in the automotive industry to manufacture automotive parts by chemical
resilient, strong fibers, and durable, coupled with the growth in use in
electrical & electronics and consumer goods industry. Nylon 66, being a
major shareholder in demand for adipic acid, is having high adoption in various
industries such as automotive, which will further fuel the growth of the adipic
acid market at a global level. Rapid expansion in the construction industry and
packaging industries leads to an upsurge in demand for adipic acid, thus
contributing to the growth of the global adipic acid market in the upcoming
years. Moreover, adipic acid involves various advantages such as reliability,
low consumption of raw materials, durability, strength, lightweight, high
absorption capacity, and low consumption of energy, and such advantages are
attracting a large number of consumers towards the market. On the other hand,
the presence of rigorous environmental regulations in several regions and an
upsurge in the use of hybrid fibers in the market are factors hindering the
growth of the global adipic acid market.
For Additional Insights, Click to Access Complete Report:
https://www.gmiresearch.com/report/global-adipic-acid-market/
Key Benefits offered by the Adipic Acid Market report:
·
This study represents the analytical depiction
of the Adipic Acid Market along with the ongoing trends and future estimations
to determine the imminent investment pockets.
·
The report provides detailed information related
to market drivers, restraints, and growth opportunities, followed by the
analysis of the Adipic Acid Market share.
Segmentation of the Adipic Acid Market:
The Adipic Acid Market has been categorized into the
following segments:
Breakup by Material Type:
·
Fibers
·
Engineering Plastics
Breakup by Application:
·
Polyurethanes
·
Polyamide/Nylon 66
·
Adipic/Adipate Esters
·
Others
Breakup by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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