Synthetic & Bio-based Adipic Acid Market

1

• Coherent Market Insights
• Market Research and Business Consulting Services
• https//www.coherentmarketinsights.com/
• COVID-19 Impact Tracker

2
SYNTHETIC AND BIO-BASED ADIPIC ACID MARKET
ANALYSIS

• Synthetic Bio-based Adipic Acid Market, By
  Application (Nylon 6,6 fiber, Nylon 6,6 resin,
  Polyurethanes, Adipate esters, Others), and By
  Region (North America, Europe, Asia Pacific,
  Latin America, MEA) - Size, Share, Outlook, and
  Opportunity Analysis, 2020 - 2027

3
Adipic acid is an important raw material used in
the production of industrial fiber such as Nylon
6.6. Adipic acid is basically produced by using
various raw materials such as cyclohexane,
benzene, and phenol. The lower purity grade of
adipic acid is used to produce polyurethane
whereas high purity grade is used to produce
nylon. The global synthetic and bio-based adipic
acid market is estimated to account for US
8,526.7 Mn in terms of value and 4,311.7 Thousand
Kilo Tons in terms of volume by the end
of 2019. Drivers The growing demand for nylon
from the automotive industry is predominantly
fueling the market growth of adipic acid. Nylon
6, 6 is widely used in the manufacturing of
lightweight automobiles components such as intake
manifolds, as these materials have better
resistance which makes them ideal substitute of
metals. Thus the growing demand for nylon 6.6
from the automotive industry is majorly driving
the market growth of synthetic and bio-based
adipic acid. Expansion of the footwear market as
polyurethane is used in the production of
footwear is expected to fuel the market growth of
synthetic and bio-based adipic acid. According to
the World Footwear, footwear production worldwide
reached 24.2 billion pairs in 2018, increased by
2.7 from 2017. Thus, growth in the footwear
market due to increasing production and demand
among consumer is expected to augment the market
growth of the adipic acid over the forecast
period.
4
Figure 1. Global Synthetic and Bio-Based Adipic
Acid Market Share () in terms of Value, By
Region, in 2019
Asia Pacific region dominated the global
synthetic and bio-based adipic acid market in
2019, accounting for 33.3 share in terms of
value, followed by Europe and North America,
respectively.
5
Market Restraints Growing environmental concern
as adipic acid poses a threat to the environment
as well as health of humans is expected to
restrict the market growth. Adipic acid is one of
the largest source of N2O emission and also
generate non-methane volatile organic compounds.
Thus, environmental concern associated with
the production of adipic acid is expected to
hinder the market growth. High manufacturing cost
of synthetic based adipic acid is expected to
limit the adoption of synthetic adipic acid. This
is projected to hamper market growth over the
forecast period.
6
(No Transcript)
7
Market Opportunities The growing demand
for engineering plastic across several end-user
industries due to their advantage offered in
terms of durability is expected to bring new
market opportunities. They are durable, highly
versatile, high performance, and cost-effective
solutions. Moreover, expansion of the medical
industry is also expected to foster the market
growth of adipic acid over the forecast
period. Increasing development of bio-based
adipic acid is projected to provide enormous
opportunities over the forecast period. This is
attributed to growing environmental concerns and
the need to promote environmental sustainability.
Additionally, increasing investment by government
and manufacturer for producing bio-based adipic
acid as they are cost-effective and
environmentally friendly solutions to cater to
various industrial applications is further
anticipated to bolster the market growth.
8
Figure 2. Global Coated Fabric Market
Opportunity s Analysis
9
Market Trends/Key Takeaways Shifting consumer
preferences towards highly soft mattresses due to
improving lifestyle of the consumer is projected
to propel the market growth of synthetic and
bio-based adipic acid. Polyurethane (PU) is
majorly used for safe filling materials in
mattresses and sitting cushions. Moreover, growth
in the furniture industry where PU foam is used
to offer flexibility to furniture products is
also projected to augment the market growth.
Thus, growing demand for highly soft mattresses
is expected to propel the market
growth. Electronic consumer goods such as
smartphones, OLED TVs, tablets, etc. are
experiencing the highest demand in the electronic
consumer goods industry. This is attributed to
the growing use of smartphones and other advanced
devices due to the increasing penetration of the
internet. Also, the electronic and electrical
industry is witnessing the fastest growth on the
account of growing trend of digitalization around
the globe.
10
Figure 3. Global Synthetic and Bio-Based Adipic
Acid Market Share () in terms of Value, By
Application, in 2019
On the basis of application in 2019, the nylon
6,6 fiber has accounted the largest market share
of 57.8 in terms of value, followed by nylon 6,6
resin segment respectively.
11
Value Chain Analysis
12

• Global Coated Fabrics Market - Impact of
  Coronavirus (Covid-19) Pandemic
• Coronavirus is expected to have a significant
  impact the textile sector as due to the pandemic
  situation the global sales of the textile
  products have come down to a grinding halt. The
  demand for textile products abroad and domestic
  have come down to a grinding halt due to the
  panic created due to the pandemic. In addition,
  textile exports fell by about 90 during the
  month of April. The lockdown caused permanent
  shut down of various factories across the globe.
  Hence, restraining the growth of the synthetic
  and bio-based adipic acid market over the
  forecast period.
• Competitive Section
• Company Names 
• Invista
• Rhodia
• BASF
• Ascend performance materials
• Shangdong haili (bohui)
• Liaoyang petrochemical
• Asahi kasei

13

• Request Sample Report
• Request Customization
• Download PDF brochure
• Talk To Analyst
• Buy Now
• Reference https//www.coherentmarketinsights.com/
  market-insight/synthetic-and-bio-based-adipic-acid
  -market-4033

14
About Us

• Coherent Market Insights is a global market
  intelligence and consulting organization focused
  on assisting our plethora of clients achieve
  transformational growth by helping them make
  critical business decisions.
• What we provide
• Customized Market Research Services
• Industry Analysis Services
• Business Consulting Services
• Market Intelligence Services
• Long term Engagement Model
• Country Specific Analysis

15
Contact Us

• Mr. Shah
• Coherent Market Insights Pvt.Ltd.
• Address 1001 4th Ave, 3200 Seattle, WA 98154,
  U.S.
• Phone [phone]
• Email sales_at_coherentmarketinsights.com

16

• Thank You!
• Kindly follow CMI Social Media
  Profiles for the latest company updates
• Facebook
• Linkedin
• Twitter
• https//www.coherentmarketinsights.com/