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Adipic Acid Market Size, Share, Growth & Industry Analysis, By Type (High Purity Adipic Acid, Standard Adipic Acid), By Application (Nylon 6,6 Fiber, Nylon 6,6 Resin, Polyurethane, Adipate Esters, Others), and Regional Analysis, 2024-2031
Pages: 140 | Base Year: 2023 | Release: February 2025 | Author: Ashim L.
Adipic acid is a white, transparent, fine particulate material. This organic compound is a significant synthetic dicarboxylic acid and a key component in nylon production.
It serves as a crucial raw material in the chemical industry for manufacturing polymers, coatings, plasticizers, and detergents. While predominantly derived from cyclohexane, a smaller portion is produced from phenol.
Global adipic acid market size was at USD 6,342.0 million in 2023, which is estimated to be valued at USD 6,656.4 million in 2024 and reach USD 9,629.8 million by 2031, growing at a CAGR of 5.42% from 2024 to 2031.
The market is witnessing notable growth, mainly due to rising automotive production and expanding construction industry. Increased demand for engineered plastics in automotive applications and the growing use of nylon 6,6 in insulation materials and carpets further propel market expansion.
Major companies operating in the global adipic acid market are Ascend Performance Materials, Asahi Kasei Corporation, BASF SE, Domo Chemicals, INVISTA, LANXESS, Radici Partecipazioni SpA, Solvay, UBE Corporation, Tokyo Chemical Industry Co., Ltd., Graham Chemical, Otto Chemie Pvt. Ltd., Tangshan Zhonghao Chemical Co. Ltd., Tian Li High & New Tech. Co., Ltd, and Sumitomo Chemical Co., Ltd.
Adipic acid is recognized for its ability to enhance durability, flexibility, and overall performance across a wide range of applications. It is widely used across diverse sectors such as automotive, textiles, packaging, and construction.
Increasing focus on sustainability, in response to growing environmental concerns, is prompting manufacturers to develop bio-based adipic acid production methods to minimize carbon emissions and reliance on fossil fuels. Advances in fermentation and bio-catalysis technologies are accelerating this transition.
Furthermore, the use of adipic acid in the production of lightweight materials for automotive applications supports global initiatives aimed at improving energy efficiency and reducing fuel consumption.
Market Driver
"Expansion of Packaging Industry"
The expansion of the packaging industry is fostering the growth of the adipic acid market, given its essential role in manufacturing high-performance materials such as nylon 6,6 and polyurethane.
The growing demand for durable, lightweight, and flexible packaging solutions in sectors such as food and beverage, pharmaceuticals, and consumer goods is highlighting the rising need for raw materials, including adipic acid. Its application in creating robust packaging materials that ensure product safety and longevity aligns with the evolving requirements of modern supply chains.
Furthermore, the increasing focus on sustainable and recyclable packaging is supporting market growth, positioning adipic acid as a critical component in the development of innovative and eco-friendly packaging solutions.
Market Challenge
"Stringent Environmental Regulations"
Stringent environmental regulations pose a significant challenge to the growth of the adipic acid market due to the chemical's association with greenhouse gas emissions and environmental concerns during production. These regulations impose strict limits on emissions, waste management, and production practices, increasing compliance costs and hindering operational flexibility for manufacturers.
To mitigate this challenge, companies are adopting advanced production technologies, such as bio-based or low-emission manufacturing processes, to minimize environmental impact.
Additionally, they are integrating carbon capture and utilization (CCU) technologies into operations and aligning business strategies with sustainability objectives, further strengthening regulatory compliance and supports market leadership.
Market Trend
"Increasing Shift Toward Sustainable Production Methods and Bio-Based Alternatives"
The growing shift toward sustainable production methods and bio-based alternatives is leading to increased consumption of adipic acid. Manufacturers are emphasizing sustainability by developing eco-friendly and bio-based production processes, contributing significantly to the growth of the adipic acid market.
Adipic acid, traditionally produced through a petrochemical process, is increasingly facing surging demand for cleaner, eco-friendly production methods due to environmental concern and the shift toward reduced carbon emissions led to a demand for cleaner and eco-friendly production techniques.
Bio-based adipic acid, sourced from renewable materials such as plant sugars, offers a viable alternative to traditional petroleum-derived adipic acid. This transition supports global sustainability objectives and meets the growing consumer demand for eco-friendly products.
Leading industry stakeholders are actively investing in research and development to enhance bio-based production processes, increase yield, and reduce production costs, ensuring the scalability and economic feasibility of sustainable adipic acid production.
| Segmentation | Details |
| By Type | High Purity Adipic Acid, Standard Adipic Acid |
| By Application | Nylon 6,6 Fiber, Nylon 6,6 Resin, Polyurethane, Adipate Esters, Others |
| By Region | North America: U.S., Canada, Mexico |
| Europe: France, U.K., Spain, Germany, Italy, Russia, Rest of Europe | |
| Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific | |
| Middle East & Africa: Turkey, UAE, Saudi Arabia, South Africa, Rest of Middle East & Africa | |
| South America: Brazil, Argentina, Rest of South America |
Market Segmentation:
Based on region, the global market has been classified into North America, Europe, Asia-Pacific, MEA, and Latin America.
Asia-Pacific adipic acid market accounted for a significant share of around 48.90% in 2023, valued at USD 3,101.2 million. This growth is primarily fueled by rapid industrialization in developing economies. Industrialization has significantly boosted manufacturing activities across multiple sectors, positioning the region as a global manufacturing hub.
Key factors include reduced production costs, a skilled labor force, and favorable government policies that support industrial growth. Governments in region are offering incentives to promote the adoption of green technologies and industrial biotechnology, further aiding regional market expansion
This robust manufacturing capability is expected to drive the demand for key raw materials used in the production of nylon 6,6 and engineering plastics. Additionally, the growing textile and apparel industries in India, China, Bangladesh, and Vietnam further boosted the demand for nylon fibers, accelerating product consumption.
Europe adipic acid market is anticipated to grow at the fastest growth CAGR of 5.63% through the projection period. The expanding automotive industry, coupled with a strong emphasis on sustainability, is fostering this growth. Key industry players are utilizing advanced technologies to enhance production processes.
Moreover, advancements in green technologies, along with the growth of the packaging sector focusing on recyclable materials, are supporting this trend. Ongoing investments in research and development (R&D) for bio-based adipic acid are further shaping the regional market landscape.
The adipic acid market is characterized by a number of participants, including both established corporations and rising organisations. Companies in the market investing in research and development to expand their production capacity.
To gain a competitive edge in this evolving industry, companies are implementing various strategic initiatives. Major strategies include new product launches, collaborations and alliances, corporate expansions, and mergers and acquisitions.
Several key market players are adopting bio-based process technologies to enhance the sustainability and performance of extensively used chemicals derived from alternative feedstocks. They are further investing in eco-friendly and sustainable production methods to cater the rising demand.
Recent Developments (Expansion/Investment)
