Adipic acid is a dicarboxylic acid with a white crystalline structure. It is produced from benzene by first converting into ketone-alcohol oil and then oxidizing it with nitric acid. It is partially soluble in water but is completely soluble in alcohol and acetone. It is also produced by various other processes such as carbonylation of butadiene, phenol-based production, and bio-based production. In 2015, more than 90% of the adipic acid was produced by the cyclohexane-based production process. Bio-based production of adipic acid is expected to have high demand during the forecast period.
Technavio’s analysts forecast the global adipic acid market to grow at a CAGR of 3.10% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global adipic acid market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • APAC • Europe • North America • ROW
Technavio's report, Global Adipic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors • Ascend Performance Materials • PetroChina Liaoyang Petrochemical • Radici Partecipazioni • RENNOVIA • Shandong Haili Chemical Industry • Shandong Hongye Chemical Group • Verdezyne
Market driver • Growing demand for adipic acid from automotive industry. • For a full, detailed list, view our report
Market challenge • Volatility in raw material prices. • For a full, detailed list, view our report
Market trend • Shift in manufacturing facilities from developed to developing regions. • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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