Adipic Acid Market 2019 Global Key Leaders Analysis, Segmentation, Growth, Future Trends, Gross Margin, Demands, Emerging Technology by Regional Forecast to 2023
Adipic acid market is predicted to record significant growth in developed as well as developing countries over the assessment period
Adipic Acid Market Overview:
The unique qualities of adipic acid are transforming the demand that is experienced in the market. Market reports connected with the chemicals and materials industry have been made available by Market Research Future which generates reports on other business verticals that outlines the current market scenarios. The market is positioned to achieve an optimistic CAGR in the duration of the forecast period.
The market for adipic acid is powered by factors such as continual industrialization, increasing demand for high-quality plastic, and constant growth in the packaging & consumer goods industry. The use of adipic acid in the electrical & electronics sector is expected to open up new prospects for growth as the industry is flourishing.
Top Key Players:
Some of the key players operating in the adipic acid market are INVISTA (U.S.), PetroChina Company Limited (China), Asahi Kasei Corporation (Japan), Ascend Performance Materials (U.S.), BASF SE (Germany), LANXESS (Germany), Radici Partecipazioni SpA (Italy), Solvay S.A. (Belgium), Sumitomo Chemical Co., Ltd. (Japan), BioAmber Inc (U.S.), Shandong Hongye Chemical Company, Ltd. (China) among others.
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Competitive Analysis
The proficiency in utilizing the economies of scale is proving to be positive for the market’s complete growth. The development patterns are modified in tandem to the customer penchant to realize the maximum growth, and in the long run, viability. The market has prominently nullified the market trials and thus is inspiring a boost in the number of companies in the market. The diversification of the product variety in the market is raising the prospects for the advancement of the market. The organization inclination in the market is supporting the level of expansion that can be accomplished in the current market scenario. The market is at the topmost production level and will be able to make better value for the firms in the market and its shareholders.
Segmentations:
The global adipic acid market is segmented on the basis of the application, end-use industries, and region. Based on the application, the market is segmented into polyurethane, nylon 6,6 fiber, nylon 6,6 resin, adipate esters, and others. Based on end-use industries, the market is categorized into automotive, electrical & electronics, packaging & consumer goods, building & construction, textile, and others. Others end-use industries include food, medical, and furniture. Based on the region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Intended Audiences:
- Adipic acid manufacturers
- Traders and Distributors of adipic acid
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
Regions Overview:
The Global Adipic Acid Market is categorized into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Among them, Asia Pacific accounted for ~33% market in 2016 and is predicted to grow at a significant CAGR over the forecast period 2017-2023 on account of the continuous expansion of automotive as well as electrical & electronics industries. The Asia Pacific adipic acid market is segmented into Japan, India, Vietnam, China, Malaysia, Taiwan, Singapore, South Korea, and Rest of Asia Pacific. Among them, China and India are predicted to remain the major contributors to the regional market growth due to growth in various end-use industries such as footwear, automotive, building & construction, and electronics. Furthermore, a shift in the automotive and household appliances production facilities in the developing countries of Asia Pacific is estimated to drive the regional adipic acid market. Also, inexpensive land & labor, better economic condition, favorable weather condition, and governmental support to various end-use industries are some other factors driving the adipic acid market.
The Asia Pacific holds the largest market for adipic acid followed by Europe and North America. Europe is estimated to witness a steady growth in the use of adipic acid on account of increasing Research & Development activities and innovations in bio-based plastics. European countries such as the U.K, Poland, Italy, France, and Germany dominated the region in 2016 due to increasing investment in the packaging & consumer goods and automotive sector. In North America, the countries such as the U.S. and Canada are among the major contributors to the regional market growth due to rising expansion of textile and electronics industry. Latin American countries such as Brazil, Mexico, Venezuela, Peru, and Argentina are predicted to witness a strong growth on account of increasing consumer expenditure on passenger cars as well as household appliances. The Middle East & Africa is estimated to witness a moderate growth rate owing to increasing residential, commercial, and institutional construction activities specifically in the United Arab Emirates, Saudi Arabia, Turkey, Qatar, and Kuwait. Furthermore, rising disposable income has given a rise to the higher household appliances & heavy as well as light duty vehicles demand, which is likely to propel the growth of the regional market in the upcoming years.
LIST OF FIGURES
FIGURE 1 Global Adipic Acid Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Adipic Acid Market
FIGURE 4 Value Chain Of Global Adipic Acid Market
FIGURE 5 Share Of Global Adipic Acid Market In 2016, By Country (In %)
FIGURE 6 Global Adipic Acid Market, 2016-2023,
FIGURE 7 Sub Segments Of Application
FIGURE 8 Global Adipic Acid Market Size By Application, 2016
FIGURE 9 Share Of Global Adipic Acid Market By Application, 2016 To 2023
FIGURE 10 Sub Segments Of End Use Industries
FIGURE 11 Global Adipic Acid Market Size By End Use Industries, 2016
FIGURE 12 Share Of Global Adipic Acid Market By End Use Industries, 2016 To 2023
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