Chemical industry reports Global Adipic Acid Market Trends

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Adipic Acid Market Analysis, Size, Share, Growth, Industry
Insights and Forecast to 2020 | Hexa Research
“Global Adipic Acid Market is expected to experience
significant growth by 2020 on account of increasing
industrial applications.”
Adipic Acid Market is estimated to go through momentous growth globally. This industry is estimated to
reach around USD 7, 538 million till 2020. This acid is produced using petroleum derived products like phenol,
benzene and cyclohexane. Adipic acid which is generally used in production of Nylon is also manufactured in
Automobile industry. Adipic acid is majorly used for Nylon fibres, Nylon Resin, paints and coatings.
Cyclohexane accounts for over 80% of Adipic acid which is produced globally. Due to shift in hydrocarbons
market, phenol used a primarily for production of adipic acid is replaced by cyclohexane. Polyutherane is
considered to be one of the rapid growing applications in thermal insulation.
The fastest growing market for Adipic acid to be is Polyutherane with expected CAGR of 5.2% from 2015 to
2020. Growing demand for Nylon fibres in automobile industry is the major reason for rise in demand of
adipic acid market in recent years. Nations like Russia, China, India and Brazil is expected to counter the
positive impact in adipic acid market over next five years. North American market is expected to hit USD over
1.6 billion by 2019 with CAGR of 6.2% from 2015 to 2020.Adipic acid is also used as the gelling aid and
flavorant in food industry. With increasing concern regarding environmental protection, Synthetic acid has
now been focused towards the production of Bio based Adipic acid. These bio based adipic acid are produced
using Glucose, which are environmental friendly. Bio based adipic acid require low capital inv estment as
compared to Synthetic Adipic acid.
Browse Details of Report @ https://www.hexaresearch.com/research-report/adipic-acid-industry/
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