Friday, November 24, 2017

Adipic Acid Market Size, Share, Growth, Analysis, Strategies and Forecast 2016 To 2022: Credence Research

According to a new market research report published by Credence Research “Adipic Acid Market (Nylon 66 Fibers, Engineering Plastics (Nylon 66 Resin), Polyurethanes, Adipic/Adipate Esters (Plasticizers), Others) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022” the global adipic acid market was valued at US$ 4,560.0 Mn in 2014 and is estimated to expand with a CAGR of 4.4% from 2015 to 2022.
Market Insights:
The market for adipic acid is witnessing growth on the back of rising demand from automobile and electronic industry. The foremost application of adipic acid is to produce nylon. These materials are extensively used in the manufacture of automobile components to reduce total weight which increases fuel efficiency. Moreover improvement in infrastructures and growth of the housing in emerging economies such as India, China, Brazil, and Middle East will also drive the market demand for adipic acid. Nylon Resin in also use in footwear industry and as the footwear industry is slated to grow significantly especially in economies such as Russia and China is further projected to drive the demand for adipic acid in the near future.
Rising environmental concerns is hampering the market growth and inducing vendors to shift towards bio based adipic acid. Recently, start-up companies such as Verdezyne, Celexion, BioAmber, Genomatica and Rennovia have developed bio-based ways to produce adipic acid, with a target to create pure (100%) bio-based nylon; some have succeed to reach advanced pilot or demonstration scales. Bio- based adipic acid is gaining momentum due to its low costs when compared to its synthetic counterparts. Bio- based adipic acid is anticipated to be beneficial in almost all applications for which their synthetic counterpart is used at present. The opportunity in the adipic acid market lies with bio-based adipic acid which has shown feasibility and is currently in its progress stage. Increasing applications in synthetic fibers, paints & coatings, polyurethane resins, plastic and food additives among others are also projected to positively influence the industry.
Competitive Insights:
More than half of the market pie is accounted by four major players. Market participants are investing heavily in R&D to developed different routes for the production of bio based adipic acids, as they are the future of the adipic acid market. Some of the key players present in this market are Invista, Asahi Kasei Corp., BASF SE, Petrochina Liaoyang Petrochemical,Ascend Performance Materials Inc. and Lanxess.
Key Trends:
  • Focus on enhancing bio based routes to produce adipic acid
  • Increasing application scope for adipic acid
  • Emphasis on developing different business growth strategies
Table of Content
Chapter 1 Preface
1.1 Report Description
1.2 Research scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Adipic Acid Market
2.2 Global Adipic Acid Market, By Application Type, 2014
2.3 Global Adipic Acid Market, By Geography
Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Adipic Acid Market Revenue and Volume, 2014 – 2022, (US$ Mn) (Kilo Ton)
3.2 Market Inclination Insights
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 See-Saw Analysis
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Attractive Investment Proposition
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Vendors
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
Contact:
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE,
CA 95103, United States
Ph.: 1-800-361-8290
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