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New Revenue Pockets: Adipic Acid Market
Currently, the demand of adipic acid is driven by the demand of polyamide 66 in the automotive, electrical & electronics, consumer goods and appliances, and film & coating applications. The demand for adipic acid is supported by stringent government regulations, increasing pressure for lightweight and durable polyamide 66, and the need for improving the standard of processing and manufacturing end-products. The durability and lightweight nature of polyamide 66 has created a significant impact on the various application markets and is already replacing polypropylene and polyethylene in some of the application segments. It meets the requirements of thermal conductivity, distinct density requirements, and other characteristics across the different industry verticals and is an excellent performer compared to other materials.
In the Asia-Pacific and ROW region, the volumetric consumption of adipic acid is increasing due to new projects and environmental rules and regulations of the polyamide 66 market. The consumption has increased considerably in the past two years and it is expected to improve in the next five years, thus a decrease in capacity-demand gap can be seen. The increasing purchasing power in developing countries, economic growth, potential projects supported by respective governments, and the need for high performance products may add to the greater demand in the future.
Adipic Acid Market by Application (Polyamide 66, Polyurethane, Adipic Esters, & Others), by Material Type (Engineering Plastics & Fibers) & by Geography (North America, Europe, Asia-Pacific, & ROW) - Global Trends & Forecast to 2019
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