2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Are the Primary Drivers Supporting the Market Growth of theAdipic Acid Market?

The anticipated expansion of the adipic acid market is tied directly to the growth of the car industry. Involved in the development, production, marketing, and sale of motor vehicles, the car industry continues to experience growth fuelled by demands for individual transport, economic progression, and city evolution. Adipic acid aids in enhancing the efficacy, longevity, and visual appeal of car parts and materials, thus directly contributing to the safety and performance of the vehicles. For instance, the Society of Motor Manufacturers and Traders, a prestigious UK-based trade association, released data in April 2024 indicating that there were 41.4 million vehicles on UK roads in 2023, an increase led by a 1.6% rise in car ownership to 35.7 million. Consequently, the expansion of the automobile sector is propelling the growth of the adipic acid market.

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What is the Predicted Annual Growth Rate of theAdipic Acid Market Impact Industry Trends by 2034?

In recent years, the adipic acid market has seen robust growth. The market is projected to expand from a size of $7.11 billion in 2024 to an estimated $7.56 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.3%. The growth witnessed during the historical period can be associated with the increased demand for nylon, the upsurge in synthetic fiber usage, global conflicts, the proliferation of synthetic materials, the influence of globalization and trade, as well as the electronics and consumer goods sector.

The market size for adipic acid is predicted to see robust expansion in the coming years, reaching a value of $9.54 billion in 2029 with a compound annual growth rate (CAGR) of 6.0%. The expected growth during the forecast period is a result of factors such as the expansion of the textile industry, changes in consumer behavior and tastes, advances in infrastructure, improvements in automotive fuel efficiency standards, and efforts toward mitigating climate change. The forecast period is also likely to see significant trends like production through biotechnology, the use of sustainable raw materials, coupling with carbon capture, decarbonization along with the adoption of renewable energy, and the usage of advanced analytical and monitoring tools.

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What Are the Latest Innovations Influencing theAdipic Acid Market?

Leading firms in the adipic acid market are putting their efforts towards the creation of innovative produce like environmentally friendly Nylon 66, with a goal to reinforce their market standing. Environmentally friendly Nylon 66 is a kind of nylon made using environmentally conscious processes and containing components that are either recycled or derived from biological materials. For example, Toray Industries Inc., a textile industry organization based in Japan, introduced 100% Bio-Based Adipic Acid in August 2022. This raw material, used in the production of nylon 66 (polyamide 66), is extracted from sugars originating from non-edible biomass. This ground-breaking solution, 100% bio-based adipic acid, has immense potential to decrease carbon outputs and lessen environmental damage, all while upholding required performance and quality standards. This contributes to sustainable growth and fulfills the growing consumer preference for eco-friendly goods.

Who Are the Major Industry Players Accelerating Growth in theAdipic Acid Market?

Major companies operating in the adipic acid market are PetroChina Company Limited, Invista, BASF SE, Sumitomo Chemical Company Limited, Asahi Kasei Corporation, Evonik Industries AG, Du Pont de Nemours Inc., LANXESS AG, Huntsman Corporation, Solvay Société Anonyme, UBE Corporation, Ascend Performance Materials Operations LLC, Shenan Shenma Nylon Chemical Co. Ltd., Radici Partecipazioni SpA, Fibrant BV, DOMO Chemicals GmbH, Finoric LLC, Alfa Chemical Co. Ltd., Wego Chemical Group Inc., Graham Chemical Corporation, KeenBolden LLC, Otto Chemie Pvt. Ltd., Tangshan Zhonghao Chemical Co. Ltd., BioAmber Inc.

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Which Primary Segments of the Adipic Acid Market Are Driving Growth and Industry Transformations?

The adipic acid market covered in this report is segmented –

1) By Raw Material: Cyclohexanol, Cyclohexanone

2) By Sales Channel: Direct Sale, Indirect Sale

3) By Application: Nylon 6, 6 Fiber, Nylon 6, 6 Resin, Polyurethanes, Adipate Esters

4) By End Use Industry: Automotive, Electrical And Electronics, Packaging And Consumer Products, Building And Construction, Textile, Other End-Use Industries

Subsegments:

1) By Cyclohexanol: Hydrogenation Of Cyclohexene, Cyclohexanol-Based Processes For Adipic Acid Production, Catalytic Hydrogenation Of Cyclohexanol, Production Of High-Purity Cyclohexanol For Adipic Acid Synthesis

2) By Cyclohexanone: Oxidation Of Cyclohexane To Cyclohexanone, Cyclohexanone-Based Caprolactam Process For Adipic Acid Production, Use Of Cyclohexanone As A Precursor In The Production Of Adipic Acid

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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theAdipic Acid Market?# Market?

Asia-Pacific was the largest region in the adipic acid market in 2023. The regions covered in the adipic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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