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Adipic Acid Market worth $7,539.2 Million by 2019

April 30, 2014

DALLAS, April 30, 2014 /PRNewswire/ –

The report “Adipic Acid Market by Application (Polyamide 66, Polyurethane, Adipic
Esters, & Others), by Material Type (Engineering Plastics & Fibers) & by Geography (North
America, Europe, Asia-Pacific, & ROW) – Global Trends & Forecast to 2019″, report analyzes
the Adipic Acid Market with respect to market drivers, opportunities, and trends in
different regions.

Browse more than 119 market data tables with 27 figures spread through 217 slides and
in-depth TOC on “Adipic Acid Market – Global Trends & Forecast to 2019″.

http://www.marketsandmarkets.com/Market-Reports/adipic-acid-269.html

Early buyers will receive 10% customization on this report.

The Adipic Acid Market is majorly used as an intermediate of polyamide 66. The adipic
acid is also used in polyurethane and adipic esters to manufacture various end products.
The Asia-Pacific region dominates this market with its growing demand for adipic acid in
the polyamide 66 for different applications; especially, the automotive, electrical &
electronics, and other industrial and commercial goods applications. The Asia-Pacific and
North America markets are estimated to show a rising growth in the next five years with
the allied industries expected to stabilize the overall business need in the respective
regions.

R&D is a key part of this market. The manufacturing companies, associations, and
end-product manufacturers infuse high investments for future advancements and technology
modifications to produce bio-based adipic acid as precursor with similar or competitive
properties to replace metals and match the new demands coming from various end-user
industries.

Asia-Pacific is the largest region, both in terms of volume and value, followed by
Europe and North America. China, U.S., India, and other countries of Latin America and
Russia are expected to continue as successful Adipic Acid Markets. The key players in the
Asia-Pacific Adipic Acid Market are Asahi Kasei Corporation (Japan), PetroChina Liaoyang
Petrochemical (China), Shandong Haili Chemical Industry Company Ltd. (China), and Shandong
Hongye Chemical Company, Ltd. (China).

The Eastern and Central European nations and the emerging South-East Asian and Latin
American nations that hosts’ the global events would supplement the growth of adipic acid
industry. An increase in auto sales, proposals for improvement of infrastructure, and
rising housing market in emerging economies will drive the polyamide 66 market, eventually
driving the Adipic Acid Market. The demand for polyurethane in garments to household
moldings, and also use of adipate esters as a solvent in paints and coatings is expected
to rise in future and thus increase the demand for adipic acid.

The adipic acid demand, in terms of value and volume, depicts the current and future
projections according to the parallel economic and industrial outlook. This analysis
covers important developments, expansions, agreements, and mergers & acquisitions of the
leading global companies.

The estimated market value of adipic acid in 2012 was $5,884.6 Million, and is
projected to reach $7,539.2 Million by 2019, growing at a CAGR of 3.7%, from 2014 to 2019.
The high demand across the industries, such as electrical & electronics, consumer goods &
appliances, and automotive will increase the overall adipic acid consumption in the
polyamide 66 industry.

Browse related reports

Bio-Polyamide, Specialty Polyamide & Precursors Market by Type (PA 6, PA 66, PA 10, PA
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Application (Textile, Automotive, E&E & Others) – Global Trends & Forecasts to 2019

http://www.marketsandmarkets.com/Market-Reports/polyamide-precursors-market-29328940.html

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