Credence Research: Global Adipic Acid Market Research Report 2024Posted by Robson Tolson on March 2nd, 2017 As stated in a new market research report published by Credence Research “Adipic Acid Market (Nylon 66 Fibers, Engineering Plastics (Nylon 66 Resin), Polyurethanes, Adipic/Adipate Esters (Plasticizers), Others) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022” the global adipic acid market was valued at US$ 4,560.0 Mn in 2014 and is estimated to expand with a CAGR of 4.4% from 2015 to 2022. Market Insights: The market for adipic acid is witnessing growth on the back of rising demand from automobile and electronic industry. The foremost application of adipic acid is to produce nylon. These materials are extensively used in the manufacture of automobile components to reduce total weight which increases fuel efficiency. Moreover improvement in infrastructures and growth of the housing in emerging economies such as India, China, Brazil, and Middle East will also drive the market demand for adipic acid. Nylon Resin in also use in footwear industry and as the footwear industry is slated to grow significantly especially in economies such as Russia and China is further projected to drive the demand for adipic acid in the near future. Browse the full report at http://www.credenceresearch.com/report/adipic-acid-market Rising environmental concerns is hampering the market growth and inducing vendors to shift towards bio based adipic acid. Recently, start-up companies such as Verdezyne, Celexion, BioAmber, Genomatica and Rennovia have developed bio-based ways to produce adipic acid, with a target to create pure (100%) bio-based nylon; some have succeed to reach advanced pilot or demonstration scales. Bio- based adipic acid is gaining momentum due to its low costs when compared to its synthetic counterparts. Bio- based adipic acid is anticipated to be beneficial in almost all applications for which their synthetic counterpart is used at present. The opportunity in the adipic acid market lies with bio-based adipic acid which has shown feasibility and is currently in its progress stage. Increasing applications in synthetic fibers, paints & coatings, polyurethane resins, plastic and food additives among others are also projected to positively influence the industry. Competitive Insights: More than half of the market pie is accounted by four major players. Market participants are investing heavily in R&D to developed different routes for the production of bio based adipic acids, as they are the future of the adipic acid market. Some of the key players present in this market are Invista, Asahi Kasei Corp., BASF SE, Petrochina Liaoyang Petrochemical,Ascend Performance Materials Inc. and Lanxess. Key Trends:
Request Sample: http://www.credenceresearch.com/sample-request/57993 ToC: Chapter 1 Preface Chapter 2 Executive Summary Chapter 3 Market Dynamics Chapter 4 Global Adipic Acid Market Analysis, By Application Type Request For Customization: http://www.credenceresearch.com/request-for-customization/57993 Blog: http://prnewswireindustry.blogspot.in/2017/03/recent-release-adipic-acid-market-2016.html About Us: Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task. Media Contact Name: Chris Smith Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US E-mail: sales@credenceresearch.com Ph: 1-800-361-8290 Like it? Share it! More by this author |