The global adipic acid market was estimated to be 2,914.8 kilo tons in 2010 which is expected to reach market volumes of 4,125.3 kilo tons by 2018, growing at a CAGR of 4.5% from 2013 to 2018.
Albany, NY -- (SBWIRE) -- 01/29/2016 -- Adipic acid is a crucial industrial chemical used in the production of nylon. It is the most widely used industrial dicarboxylic acid. It is virtually absent from the natural world and is produced on an industrial scale with the help of various processes. An overwhelming majority of the total volume of adipic acid produced worldwide – 85% – is used in the production of nylon, while the remainder is divided between paints and coatings, plastic additives, polyurethane resins, food additives, etc.
The production process of adipic acid releases large amounts of nitrous gases, which are highly toxic and harmful to the environment. It is manufactured through the reaction of a mixture of cyclohexanone and cyclohexanol, called ketone alcohol oil, with nitrous compounds. This aspect of the synthetic adipic acid market is hampering its growth and leading to improved prospects for bio-based adipic acid, the production process of which doesn't cause harm to the environment and is also more cost-effective than synthetic adipic acid. Some of these techniques include direct oxidation of cyclohexane, oxidation of benzene, and biosynthesis.
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This report provides detailed statistical information about the polyphenols market. It includes qualitative and quantitative analysis regarding the past performance of the market and market trends that determine the condition of the synthetic ad bio-based adipic acid market, in addition to market forecasts based on the historical statistics. These analyses, performed through reliable analytical tools such as Porter's five forces analysis and SWOT analysis, present a comprehensive snapshot of the global synthetic and bio-based adipic acid market and help devise market expansion and entry strategies that take into consideration all the aspects of the market.
The report elaborates in detail on the prime factors that affect the growth of the market, both positively and negatively. This reveals key market trends that are poised to significantly impact the market.
Overview of the Synthetic and Bio-based Adipic Acid Market
The report segments the synthetic and bio-based adipic acid markets on the basis of end-use application and geography. It explains the production process of each type of adipic acid and elaborates upon the value chain of the markets for both synthetic and bio-based adipic acid. It then examines the impact of the various drivers and restraints acting on each type of market.
The application segments of the synthetic and bio-based adipic acid market are nylon 6,6 fiber; nylon 6,6 resin; polyurethane; adipate esters; and others. According to geographical distribution of the market, the report presents extensive data about the regional synthetic and bio-based adipic acid markets in North America, Europe, Asia Pacific, and Rest of the World.
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The report describes the development of bio-based adipic acid as the trend that will dominate the synthetic and bio-based adipic acid, due to the environmental concerns related to the manufacture process of synthetic adipic acid. Countering this, growing demand for nylon and polyurethanes from the rapidly expanding automotive and footwear industries will help this market expand.
The report provides historical data for the performance of the synthetic and bio-based adipic acid markets by volume and revenue, carrying on to future projections for the market's growth.
Companies Mentioned in the Research Report
The report includes detailed information on the business strategies of major players operating in the global synthetic and bio-based adipic acid market. Companies covered in the report include BASF, Rhodia, Invista, Liyoyang Petrochemical, and Asahi Kasei.
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