Adipic acid (ADA) market | Industry Analysis | Forecast 2016-2023

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Adipic acid market size is likely to exceed 4
million tons by 2023
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-analysis/bio-adipic-acid-market
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Global Market Scenario of biobased adipic acid
Bio adipic acid market size is likely to see
significant growth as planned capacities come
online over the next few years. Adipic acid
market size was estimated at over 2.7 million
tons in 2015 and is likely to exceed 4 million
tons by 2023, growing at a CAGR of more than
4.5. Adipic acid (ADA) market revenue was over
USD 4.5 billion in 2015 and is likely to reach
USD 7.4 billion by 2023. Nylon 6,6 was the
largest application and accounted for more than
80 of the total volume in 2015. Polyurethane
(PU) application is likely to be the fastest
growing at gains of over 5.2 from 2016 to
2023. Asia Pacific adipic acid market size was
estimated over 940 kilo tons in 2015 and is
likely to witness highest gains of over 5 from
2016 to 2023. North America market is likely to
be worth more than USD 2 billion by 2023 with
expected gains of over 6.
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dipic-acid-market
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Continue.....
The bio adipic acid market is still at the
infancy stage as few companies have focused on
research to commercialize production. Companies
such as Verdezyne, DSM, BioAmeber, Ameris,
Aemethis, Genomatica and Rennovia have
successfully designed production technology to
develop 100 bio ADA and would be commercializing
the product over the coming years. Adipic acid
market price trend is expected to remain stable
between USD 1.6 to USD 1.9 per kilo. Increasing
nylon 6.6 demand for durable application such as
automobiles, textile, carpets, tire-cod and
technical fibers is likely to drive bio adipic
acid market. Industry participants are vying to
manufacture 100 bio based nylon for industrial
applications owing to stringent government
policies over environmental concerns. Global
nylon 6,6 market was estimated at over 1.3
million tons in 2013 and is likely to grow at a
CAGR of over 4 from 2016 to 2023.
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-analysis/bio-adipic-acid-market F
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