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Download Free sampleThe global Adipic Acid market was valued at 5318.38 Million USD in 2021 and will grow with a CAGR of 4.43% from 2021 to 2027, based on Research newly published report.
The prime objective of Adipic Acid Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Adipic Acid Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Adipic acid is a white, crystalline, slightly water-soluble solid with the formula (CH2)4(COOH)2. It is the most important of the commercially available aliphatic dicarboxylic acids from the industrial perspective. Commercial adipic acid is produced from cyclohexane, cyclohexene, or phenol. Nylon 66 is the largest application segment of adipic acid. The increasing demand of automotive industry, electrical & electronics industry and footwear industry is anticipated to drive the demand of adipic acid. It is also used in polyurethane, adipic esters, plasticizers, food additives, and pharmaceuticals.The global 2015 adipic acid production reached about 3059391 MT in 2015 from about 2485166 MT in 2011 with an average growth rate of 5.53%. China is the biggest production base, which holds 32.99% production share in 2015.
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