Albany, NY -- (SBWIRE) -- 08/15/2018 -- A recent research report published by Transparency Market Research presents in-depth analysis of the global synthetic and bio-based adipic acid market. As per the statistics provided by the report, the global market for synthetic and bio-based adipic acid was valued at US$4,898.5 million in 2010. The market is further expected to reach US$8063.1 million by 2018 at a progressive CAGR of 5.8% between the years 2013 and 2018.
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The research report is titled "Synthetic and Bio-Based Adipic Acid Market - Global Industry Analysis, Market Size, Share, Growth and Forecast, 2012 - 2018".In terms of volume, the global market for adipic acid was assessed at 2914.8 kilo ton in 2010 and is believed to touch 4125.3 kilo ton in the year 2018. As per the report, the market is expected to show a progressive CAGR of 4.5% for volume between 2013 and 2018.
Adipic acid is the most commonly used dicarboxylic acid in the industrial sector. The production of synthetic and bio-based adipic acid consists of a two-step process. The first part includes the production of cyclohexanone or cyclohexanol, also known as ketone alcohol oil. In the second part, the ketone alcohol oil is converted into adipic acid through nitric acid reactions. The process of nitric acid oxidation of ketone alcohol oil also produces huge amount of N2O (nitrous oxide) and NOx.
R&D departments have been developing innovative techniques through which adipic acid can be produced. Some of the techniques are biosynthesis, through oxidation of benzene, by direct oxidation of cyclohexane, and via butadiene carbonylation. The primary use of adipic acid is as a dicarboxylic acid in the industrial sector.
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The main application of adipic acid is done in the production of nylon, which is used in composite materials. These materials are mostly used in the production of automobile components. Other sectors in which adipic acid finds application are food additives, low-temperature lubricants, paints and coatings, polyurethane resins, plastic additives, and other synthetic fibers.