The Adipic Acid Market size was valued at USD 5.20 billion in 2023. It is estimated to hit USD 7.46 billion by 2032 and grow at a CAGR of 4.09% over the forecast period of 2024-2032.
The Adipic Acid Market is driven by its extensive application in the production of nylon 6,6, polyurethane, and plasticizers. This dicarboxylic acid plays a crucial role in sectors such as automotive, construction, electronics, textiles, and consumer goods. With the growing demand for lightweight materials in vehicles and the rising popularity of high-performance synthetic fibers, adipic acid continues to be a material of strategic importance. In addition, the market is shifting toward bio-based production routes to reduce reliance on petrochemical feedstocks and lower environmental impact.
Key Players:
- LANXESS
- BASF SE
- Ascend Performance Materials
- INVISTA
- Asahi Kasei Corporation
- Radici Partecipazioni S.p.A.
- DOMO Chemicals
- Solvay
- Sumitomo Chemical Co., Ltd.
- Liaoyang Tianhua Chemical Co., Ltd.
Future Scope Emerging Trends:
The adipic acid market is evolving rapidly, with sustainability and innovation at the forefront. Growing awareness of carbon emissions and tightening environmental regulations have catalyzed RD into bio-based adipic acid production, using renewable sources such as glucose and other biomass derivatives. Meanwhile, electric vehicles (EVs) and sustainable textiles are creating fresh demand for lightweight, durable nylon polymers derived from adipic acid. Asia-Pacific remains the dominant and fastest-growing market, driven by increasing urbanization, infrastructure expansion, and industrial activities. Strategic collaborations and capacity expansions among global manufacturers are further enhancing the market outlook.
Key Points:
Adipic acid is primarily used in nylon 6,6 production, polyurethane foams, and plasticizers.
Rising demand from automotive, textile, and electronics industries.
Focus on green manufacturing technologies and bio-based alternatives.
Asia-Pacific leads in consumption, followed by North America and Europe.
Major players are investing in sustainable RD and supply chain resilience.
Conclusion:
The Adipic Acid Market is poised for strong growth, fueled by industrial innovation, expanding end-user industries, and a global push toward sustainable chemical production. As demand for durable, high-performance materials rises across multiple sectors, the industry’s transition to eco-friendly practices and renewable sourcing will be key to unlocking future opportunities and maintaining long-term competitiveness.
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