Adroit Market Research Global Adipic Acid Market Size to 2025 | Page 3

Adroit Market Research Global Adipic Acid Market Size, Status and Forecast 2018-2025 • Adipic acid plays a key role in manufacturing of nylon 66, extensively used ingredient in engineering products, which are further used in construction, furniture, automobile, electrical and electronics industries and footwear. Asia-Pacific especially holds excellent potential for market due to its flexible supply owing to low spot prices. Manufacturers of adipic acid capitalize on abundant and cheap raw material available in the market. However, its overutilization will bring down the prices. • Geographically, North America recorded as one of the chief supply hubs for engineered polymers, hence, makes it suitable destination for adipic acid. Demand in North America for adipic acid was calculated to be around 858.6 kilo tons in 2015 and is expected to grow further at a rate of 2.6% in the upcoming years. Higher automobile industry has potential to take the market in upward direction. Asia-Pacific market with its business-friendly atmosphere is likely to attract a large base for manufacturers. This region’s product demand is anticipated to touch a scale of 1,551.8 kilo tons by the end of the forecast period. • On the basis of application, segmentation covers Engineering plastics, Electrical appliances, Film Coating, Automotive, Industrial and lastly Fibers, which is sub-divided into Polyamide 66, Polyurethane and Adipic Esters. Based on adipic acid type, the breakdown consists of Cyclohexane Oxidation and Phenol Hydrogenation. Browse the complete report on @ https://www.adroitmarketresearch.com/industry- reports/adipic-acid-market [phone] [email protected] www.adroitmarketresearch.com