Adipic Acid Market Analysis And Segment Forecasts to 2020

Published: Feb, 2014 | Pages: 80 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The global market for adipic acid is expected to reach USD 7,240.8 million by 2020. Growing demand for nylon resins and fiber from major end use industries such as automotive and electronics mainly in BRIC nations is expected to remain a key driving factor for the market over the next six years. However, volatility in raw material prices coupled with stringent regulations in Europe and North America on account of growing environmental concerns is expected to hinder the market growth over the forecast period.

Development of bio-based adipic acid emerged as a new driving force for the global Adipic Acid market. Bio-based adipic acid is an environment friendly solution, and provides cost advantage over its synthetic counterpart. Rennovia has been one of the pioneers for bio-based adipic acid development, using glucose as feedstock via its proprietary chemical catalytic process technology.

Nylon 6,6 both in its fiber and resin forms emerged as the leading application segment for adipic acid and accounted for over 83.3% of total market volume in 2013. Nylon 6,6 is widely used in fiber application including carpets, textiles, technical fibers and tire-cord. Growing demand for light weight high performance materials from automobile industry in order to reduce the overall weight of automobiles is expected to drive the demand for nylon resin and fiber. Nylon 6,6 was followed by polyurethane as the second largest application market for adipic acid in 2013. Polyurethane is also expected to be the fastest growing market for adipic acid at an estimated CAGR of 5.4% from 2014 to 2020.

Further key findings from the study suggest:

The global adipic acid market volume was 2,610 kilo tons in 2012 and is expected to reach 3,747.2 kilo tons by 2020, growing at a CAGR of 4.7% from 2014 to 2020.
Asia Pacific emerged as the leading market for adipic acid and accounted for 35% of total market volume in 2012. Along with being the largest market, Asia Pacific is also expected to be the fastest growing market for adipic acid at an estimated CAGR of 5.3% from 2014 to 2020. Growth of automobile industry in China and India is expected to drive the regional demand for adipic acid over the forecast period. Asia Pacific was followed by Europe which accounted for 27% of total market volume in 2012. The North American market for adipic acid is expected to reach USD 1.79 billion by 2020 at an estimated CAGR of 6.1% from 2014 to 2020.
North America and Europe are highly regulated markets for adipic acid and are largely driven by the development of environmental friendly sustainable technologies.
The market is highly concentrated, and the top four companies including INVISTA, Rhodia, Ascend Performance Materials and BASF accounted for over 60% of total adipic acid production in 2012. Key companies operating in the global market also include Shangdong Haili (Bohui), Liyoyang Petrochemical, Radici and Asahi Kasei among others.
For the purpose of this study, Grand View Research has segmented the global adipic acid market on the basis of application and region:

Global Adipic Acid Application Outlook,
Nylon 6,6 Fiber
Nylon 6,6 Resin
Polyurethane
Adipate Esters
Others
Adipic Acid Regional Outlook,
North America
Europe
Asia Pacific
Rest of the World

 Table of Contents
Chapter 1 Executive Summary

                1.1 Adipic Acid - Industry Summary & Critical Success Factors (CSFs)    

Chapter 2 Adipic Acid Industry Outlook                                                        

                2.1 Market Segmentation                                          

                2.2 Market Size and Growth Prospects

                2.3 Adipic Acid - Value Chain Analysis                                             

                2.4 Adipic Acid Market Dynamics                                         

                2.5 Key Opportunities Prioritized                                           

                2.6 Industry Analysis - Porter's

                2.7 Adipic Acid - Company Market Share Analysis

                2.8 Adipic Acid - PESTEL Analysis                                       

Chapter 3 Adipic Acid Application Outlook

                3.1 Nylon 6,6 Fiber

                3.2 Nylon 6,6 Resin

                3.3 Polyurethane

                3.4 Adipate Esters

                3.5 Other        

Chapter 4 Adipic Acid Regional Outlook                                                       

                4.1 North America                                         

                4.2 Europe                                         

                4.3 Asia Pacific                                  

                4.4 RoW

Chapter 5 Bio-Based Adipic Acid

                5.1 Synthesis of Bio-Based Adipic Acid

                5.2 Bio-Based Adipic Acid - Value Chain Analysis

                5.3 Bio-Based Adipic Acid - Market Scenario & Key Developments           

                5.4 Key Market Participants

Chapter 6 Adipic acid - Competitive landscape

               6.1 Ascend Performance Materials

                  6.1.1 Company Overview

                  6.1.2 Financial Performance

                  6.1.3 Product Benchmarking

                  6.1.4 Strategic Initiatives

               6.2 Asahi Kasei

                  6.2.1 Company Overview

                  6.2.2 Financial Performance

                  6.2.3 Product Benchmarking

                  6.2.4 Strategic Initiatives

               6.3 BASF

                  6.3.1 Company Overview

                  6.3.2 Financial Performance

                  6.3.3 Product Benchmarking

                  6.3.4 Strategic Initiatives

               6.4 INVISTA

                  6.4.1 Company Overview

                  6.4.2 Financial Performance

                  6.4.3 Product Benchmarking

                  6.4.4 Strategic Initiatives

               6.5 Lanxess AG

                  6.5.1 Company Overview

                  6.5.2 Financial Performance

                  6.5.3 Product Benchmarking

                  6.5.4 Strategic Initiatives

               6.6 Liaoyang Petrochemical

                  6.6.1 Company Overview

                  6.6.2 Financial Performance

                  6.6.3 Product Benchmarking

                  6.6.4 Strategic Initiatives

               6.7 Petro China Company Limited

                  6.7.1 Company Overview

                  6.7.2 Financial Performance

                  6.7.3 Product Benchmarking

                  6.7.4 Strategic Initiatives

               6.8 Radici

                  6.8.1 Company Overview

                  6.8.2 Financial Performance

                  6.8.3 Product Benchmarking

                  6.8.4 Strategic Initiatives

               6.9 Rhodia

                  6.9.1 Company Overview

                  6.9.2 Financial Performance

                  6.9.3 Product Benchmarking

                  6.9.4 Strategic Initiatives

               6.10 Shangdong Haili (Bohui)

                  6.10.1 Company Overview

                  6.10.2 Financial Performance

                  6.10.3 Product Benchmarking

                  6.10.4 Strategic Initiatives

               6.11 Sumitomo Chemical Co., Ltd

                  6.11.1 Company Overview

                  6.11.2 Financial Performance

                  6.11.3 Product Benchmarking

                  6.11.4 Strategic Initiatives

Chapter 7 Methodology and Scope                                                   

                7.1 Research Methodology                                       

                7.2 Research Scope & Assumption                                      

                7.3 List of Data Sources        


List of Tables


1. Global adipic acid market volume and revenue, 2012 - 2020
2. Global adipic acid market volume by region, (Kilo Tons), 2012 - 2020
3. Global adipic acid market revenue by region, (USD million), 2012 - 2020
4. Global adipic acid market volume by application, (Kilo Tons), 2012 - 2020
5. Global adipic acid market revenue by application, (USD million), 2012 - 2020
6. Global adipic acid demand from nylon 6,6 fiber, 2012 - 2020 (Kilo Tons)
7. Global adipic acid revenue from nylon 6,6 fiber, 2012 - 2020 (USD million)
8. Global adipic acid demand from nylon 6,6 resin, 2012 - 2020 (Kilo Tons)
9. Global adipic acid revenue from nylon 6,6 resin, 2012 - 2020 (USD million)
10. Global adipic acid demand from polyurethane, 2012 - 2020 (Kilo Tons)
11. Global adipic acid revenue from polyurethane, 2012 - 2020 (USD million)
12. Global adipic acid demand from adipate esters, 2012-2020 (Kilo Tons)
13. Global adipic acid revenue from adipate esters, 2012-2020 (USD million)
14. Global adipic acid demand from other applications, 2012 - 2020 (Kilo Tons)
15. Global adipic acid revenue from other applications, 2012 - 2020 (USD million)
16. North America adipic acid market volume by application, (Kilo Tons), 2012 - 2020
17. North America adipic acid market revenue by application, (USD million), 2012 - 2020
18. Europe adipic acid market volume by application, (Kilo Tons), 2012 - 2020
19. Europe adipic acid market revenue by application, (USD million), 2012 - 2020
20. Asia Pacific adipic acid market volume by application, (Kilo Tons), 2012 - 2020
21. Asia Pacific adipic acid market revenue by application, (USD million), 2012 - 2020
22. RoW adipic acid market volume by application, (Kilo Tons), 2012 - 2020
23. RoW adipic acid market revenue by application, (USD million), 2012 - 2020


List of Figures

Adipic acid industry summary & critical success factors (CSFs)
Adipic acid market segmentation
Global adipic acid market (volume & revenue), 2012 - 2020
Global adipic acid market volumes growth by region, (Kilo Tons), 2012 - 2020
Global adipic acid market volumes growth by application, (Kilo Tons), 2012 - 2020
Adipic acid - Value chain analysis
Adipic acid market dynamics
Adipic acid company market share analysis, 2012
Key opportunities prioritized
Industry analysis - Porter's
Adipic acid PESTEL analysis, 2012
Adipic acid market volume share by  application, 2012 & 2020
Global adipic acid demand from nylon 6,6 fiber, (volume & revenue), 2012-2020
Global adipic acid demand from nylon 6,6 resin, (volume & revenue), 2012-2020
Global adipic acid demand from polyurethane, (volume & revenue), 2012-2020
Global adipic acid demand from adipate esters, (volume & revenue), 2012-2020
Global adipic acid demand from other application, (volume & revenue), 2012-2020
Adipic acid market volume share by region, 2012 & 2020
North America adipic acid market volume by application, (Kilo Tons), 2012 - 2020
North America adipic acid market revenue by application, (USD million), 2012 - 2020
Europe adipic acid market volume by application, (Kilo Tons), 2012 - 2020
Europe adipic acid market revenue by application, (USD million), 2012 - 2020
Asia Pacific adipic acid market volume by application, (Kilo Tons), 2012 - 2020
Asia Pacific adipic acid market revenue by application, (USD million), 2012 - 2020
RoW adipic acid market volume by application, (Kilo Tons), 2012 - 2020
RoW adipic acid market revenue by application, (USD million), 2012 - 2020