DUBLIN, May 12, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/ch75s4/adipic_acid) has announced the addition of the "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" report to their offering.
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The adipic acid market volume is estimated to be 3,495.6 thousand tons by 2019, signifying a firm annualized growth rate of about 2.8% from 2014 to 2019.
The adipic acid market, along with its end use in polyamide 66, polyurethane, and adipic esters witnessed a significant growth in the past few years and this growth is estimated to continue in the coming years. Quality, durability, lightweight nature, excellent energy absorbing property, an upsurge in the demand for durable polyamide 66, the demand for recyclable bio-based adipic acid, and the upcoming safety regulations & innovative techniques developed for its use will be the key influencing factors for the global market with the increased emphasis on its different types and their applications.
Currently, the Asia-Pacific region is the largest consumer of adipic acid. Among all the countries in the Asia-Pacific region, China and Japan lead the market, with the largest share in the regional volumetric consumption of this acid in 2012. The market volume of the acid is comparatively low in the Europe region, and is estimated to grow with a low CAGR of 1.8% from 2014 to 2019.
Around 13.7% of the total demand was recorded from the automotive segment in 2012, followed by consumer goods application as the most rapidly growing end-user segment in the adipic acid market. As an application, polyamide 66 is the largest application of adipic acid, mainly due to its high properties and also due to the increased demand for lightweight polyamide 66 from auto component manufacturers.
The European and the Asia-Pacific regions are the most active markets in terms of strategic initiatives, owing to their emerging and mature market demands respectively. The automotive end-user industry led this rapid growth in the polyamide 66 market, backed by the global automotive vehicle production which is estimated to reach 81 million units in 2013.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Market Assessment, By Application
6 Market Assessment, By Geography
7 Bio-Based Adipic Acid, Market Players Initiatives
8 Competitive Landscape
9 Company Profiles
- Asahi Kasei Corporation
- Ascend Performance Materials Inc.
- BASF SE
- Petrochina Liaoyang Petrochemical
- Radici Group
- Shandong Haili Chemical Industry Company, Ltd. (BOHUI)
- Shandong Hongye Chemical Company, Ltd.
For more information visit http://www.researchandmarkets.com/research/ch75s4/adipic_acid
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SOURCE Research and Markets