The future of the global synthetic & bio-based adipic acid market looks promising with opportunities in the plasticizer, lubricant, and coating applications. The global synthetic & bio-based adipic acid is expected to reach an estimated $13.7 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are rising demand for eco-friendly materials and emergence of nylon 6.6.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the synthetic & bio-based
adipic acid by product type (nylon 6,6 fiber, nylon 6,6 resin, polyurethanes,
adipate esters, and others), type (synthetic adipic acid and bio-based adipic
acid), aplication (plasticizers, lubricants, coatings, and others), and region
(North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will
grow at a faster pace and why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the
emerging trends in this market and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, nylon 6,
6 fiber, nylon 6,6 resin, polyurethanes, and adipate esters are the major
segments of synthetic & bio-based adipic acid by product type. Lucintel
forecasts that nylon 6,6 fiber is expected to witness highest growth over the
forecast period. Within this market, plasticizer is expected to witness highest
growth over the forecast period due to its increasing demand from food
packaging, medical devices, and building materials application.
APAC is expected to
witness highest growth over the forecast period due to presence of key players
in the region.
Asahi Kasei, Ascend
Performance Materials, BASF, Liaoyang Petrochemical, Radici, Rhodia, and
Shangdong Haili (Bohui) are the major suppliers in the synthetic &
bio-based adipic acid.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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