According to a new report, published by KBV research, The Global Adipic Acid Market size is expected to reach $6.2 billion by 2030, rising at a market growth of 3.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,778.6 Kilo Tonnes, experiencing a growth of 3.7% (2019-2022).
The Nylon 6, 6 Fiber segment is leading the Global Adipic Acid Market by Application in 2022 thereby, achieving a market value of $3.2 billion by 2030. Due to the expanding use of nylon 6, 6 as a metal substitute in the automotive, electrical & electronic, and other industries. Engineering components such as nuts, bolts, bearings, gears, powder tool casings, and rocker box coverings also frequently incorporate nylon 6,6 fiber. In the coming years, the properties of nylon 6,6 fiber, such as resistance to moisture and mildew, high melting temperature, exceptional durability, and increased strength, are expected to increase its use in various applications.
The Packaging & Consumer Goods segment is showcasing a CAGR of 3.7% during (2023 - 2030). Adipic acid plays a crucial role in the Packaging and Consumer Goods sector, primarily through its contribution to the production of versatile materials like polyethylene terephthalate (PET) and polyurethane. PET, derived from adipic acid, is widely utilized in the packaging industry for the manufacturing of bottles, containers, and food packaging materials. Its transparency, lightweight nature, and strong barrier properties against gases and moisture make it an excellent choice for preserving the integrity and freshness of various consumer products.
The Asia Pacific region dominated the Global Adipic Acid Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.3 billion by 2030. The North America market is poised to grow at a CAGR of 3.3% during (2023 - 2030). Additionally, The Europe market would witness a CAGR of 3.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/adipic-acid-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Ascend Performance Materials LLC, Asahi Kasei Corporation, BASF SE, Koch Industries, Inc. (Invista BV), Liaoyang Tianhua Chemical Co., Ltd, Radici Partecipazioni S.p.A., Solvay SA, Sumitomo Chemical Co., Ltd., DOMO Chemicals GmbH, and LANXESS AG.
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
By End-use (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
