"Global Executive Summary Adipic Acid Market: Size, Share, and Forecast

CAGR Value

Global adipic acid market size was valued at USD 6.41 billion in 2024 and is projected to reach USD 9.40 billion by 2032, with a CAGR of 5.5% during the forecast period of 2025 to 2032.

Keeping into consideration the customer requirement, this Adipic Acid Market research report has been constructed with the professional and comprehensive study. The report comprises explicit and up-to-date information about the consumer’s demands, their likings, and their variable preferences about particular products. Market research reports are acquiring huge importance in this speedily transforming market place; hence this Adipic Acid Market report has been endowed in a way that you anticipate. This market research report displays several parameters related to Adipic Acid Market industry which are systematically studied by the experts. This Adipic Acid Market report is most suitable for business requirements in many ways.

Adipic Acid Market report conducts study of market drivers, market restraints, opportunities and challenges underneath market overview which provides valuable insights to businesses for taking right moves. This market report is a source of information about Adipic Acid Market industry which puts forth current and upcoming technical and financial details of the industry. The market report is a window to the Adipic Acid Market industry which defines properly what market definition, classifications, applications, engagements and market trends are. Moreover, market restraints, brand positioning, and customer behaviour, is also studied with which achieving a success in the competitive marketplace is simplified.

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Adipic Acid Industry Overview

**Segments**

- **By Production Process**:
- Cyclohexane Oxidation
- Cyclohexanol Cyclohexanone Oxidation
- **By Application**:
- Nylon 6,6
- Engineering Plastics
- Polyurethane
- Adipic Esters
- Others

Adipic acid is primarily used in the production of nylon 6,6, which is a key segment driving the global market. The engineering plastics segment is also witnessing significant growth due to the increasing demand for lightweight and durable materials in various industries such as automotive and electronics. The polyurethane segment is expected to show steady growth owing to the expanding construction and furniture industries. Adipic esters are finding applications in the production of plasticizers, lubricants, and solvents, contributing to the growth of this segment.

**Market Players**

- Asahi Kasei Corporation
- BASF SE
- Ascend Performance Materials LLC
- Invista
- Lanxess
- Ascend Performance Materials Operations LLC.
- Shandong Haili Chemical Industry Co., Ltd.
- Rennovia Inc.
- PetroChina Liaoyang Petrochemical Co., Ltd.
- Verdezyne
- Polynt
- Radici Partecipazioni SpA

The global adipic acid market is highly competitive with several key players leading the market through strategic expansions, collaborations, and product developments. Companies such as BASF SE and Asahi Kasei Corporation are prominent players in the market due to their strong presence and continuous efforts in research and development. As the demand for adipic acid continues to rise in various end-use industries, market players are focusing on expanding their production capacities and innovating new applications to maintain a competitive edge in the market.

The global adipic acid market is anticipated to experience significant growth in the coming years, driven by the rising demand for nylon 6,6 in various applications such as automotive, textiles, and consumer goods. Adipic acid plays a crucial role in the production of nylon 6,6, which is known for its exceptional durability and heat resistance, making it a preferred choice in the manufacturing of high-performance materials. The increasing emphasis on sustainable and eco-friendly products is also expected to propel the demand for adipic acid, as it is a key ingredient in the production of bio-based polymers.

Moreover, the engineering plastics segment is poised for substantial growth as industries continue to adopt lightweight and durable materials to enhance product performance and efficiency. Adipic acid's application in engineering plastics contributes to its high demand, particularly in sectors such as automotive, electronics, and construction. The use of engineering plastics for components that require high strength-to-weight ratios and chemical resistance further boosts the market for adipic acid.

Additionally, the polyurethane segment is forecasted to witness steady growth due to the expanding construction and furniture industries. Adipic acid is utilized in the production of polyurethane, which is widely used in applications such as insulation, cushioning materials, and adhesives. The versatility of polyurethane in various end-use sectors drives the demand for adipic acid, as it is a vital component in the manufacturing of polyurethane resins and foams.

Furthermore, the adipic esters segment is gaining traction in the market as these compounds find applications in the production of plasticizers, lubricants, and solvents. The versatility and compatibility of adipic esters with other chemicals make them valuable in different industrial processes, contributing to the growth of this segment. The development of new adipic ester formulations with enhanced performance characteristics is anticipated to further boost their demand in the coming years.

In conclusion, the global adipic acid market is characterized by intense competition among key players such as Asahi Kasei Corporation, BASF SE, Invista, and Ascend Performance Materials LLC. These companies are focusing on strategic expansions, collaborations, and product innovations to strengthen their market position and cater to the evolving needs of various industries. With the increasing emphasis on sustainability and technological advancements, the adipic acid market is poised for continued growth and expansion in the foreseeable future.The global adipic acid market is undergoing significant transformation driven by the shifting dynamics in various end-use industries. One of the emerging trends in the market is the increasing focus on sustainability and eco-friendliness. Adipic acid, being a key component in the production of bio-based polymers, is well-positioned to benefit from this trend. With the growing consumer awareness regarding environmental concerns, the demand for sustainable materials is on the rise, thereby creating new opportunities for adipic acid manufacturers to explore innovative solutions that align with these sustainability goals.

Moreover, the market is witnessing a surge in demand for adipic acid in the engineering plastics segment. Industries such as automotive, electronics, and construction are driving this demand as they seek lightweight and durable materials to enhance product performance and efficiency. Adipic acid's role in the production of engineering plastics is pivotal, considering the increasing need for materials that offer high strength-to-weight ratios and chemical resistance. As advancements in technology continue to shape the manufacturing landscape, the engineering plastics segment is expected to experience robust growth, further boosting the market for adipic acid.

Furthermore, the polyurethane segment presents promising opportunities for the adipic acid market. With the expanding construction and furniture industries, the demand for polyurethane, a key application of adipic acid, is on the rise. Polyurethane is used in various applications such as insulation, cushioning materials, and adhesives, highlighting its versatility across multiple sectors. As manufacturers seek to enhance product performance and sustainability, the utilization of polyurethane materials is likely to increase, thereby driving the demand for adipic acid in the market.

The adipic esters segment, while still emerging, is poised for growth as these compounds find versatile applications in the production of plasticizers, lubricants, and solvents. The compatibility of adipic esters with other chemicals makes them valuable in industrial processes, paving the way for their increased adoption in diverse sectors. The continuous development of new formulations of adipic esters with enhanced performance characteristics is expected to further propel their demand, presenting opportunities for market players to capitalize on this growing segment.

In conclusion, the global adipic acid market is evolving in response to changing industry dynamics and consumer preferences. The emphasis on sustainability, coupled with the increasing demand for lightweight and durable materials, is reshaping the market landscape and driving innovation among market players. As companies continue to focus on strategic expansions and product developments, the adipic acid market is poised for sustained growth and diversification in the foreseeable future.

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Alternative Research Questions for Global Adipic Acid Market Analysis

• What is the current valuation of the global Adipic Acid Market?
• What CAGR is projected for the Adipic Acid Market over the forecast period?
• What are the key segments analyzed in the Adipic Acid Market report?
• Which companies dominate the Adipic Acid Market landscape?
• What geographic data is covered in the Adipic Acid Market analysis?
• Who are the leading firms operating in the Adipic Acid Market?

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