Adroit Market Research Global Adipic Acid Market Size to 2025 | Page 2

Adroit Market Research Global Adipic Acid Market Size, Status and Forecast 2018-2025 • Adipic Acid is commercially important type of aliphatic dicarboxylic acids, as it’s used in feedstock for producing industrial fibers. The significant demand arriving from chemically resilient, durable and strong fibers for the manufacturing of automotive parts. Consequently, a strong demand urged for adipic acid, as it has been key ingredient for composite materials production. Major consumption hails from feedstock for 6 resin, nylon 6 and engineering fibers production. The non-nylon applications of apidic acid consists its usage in the manufacture of plasticizers, pharmaceuticals, polyurethanes and food additives. • The global adipic acid market size is projected to USD x.xx Bn in 2016 and is anticipated to grow at a healthy rate of x.x% over the forecast period. The adipic acid production market is majorly driven by higher demand for durable and lightweight products in the construction, electronics and automotive industries. Bio-based adipic acid market is also expected to have substantial growth owing to higher adoption of sustainable production. • Burgeon global construction industry favors the product demand in building components such as insulation materials, exterior panels and housing electronics. Packaging and automotive industry equally contribute towards the market growth. Engineering polymers in Europe, Asia Pacific and North America regions are probably to account for the major demand for adipic acid. [phone] [email protected] www.adroitmarketresearch.com