World’s 1 st Real Time Market Intelligence North America Adipic Acid Market is Expected to Reach $1.7 Billion in 2018 MicroMarket Monitor Forecasts

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 The global adipic acid application market is expected to grow at a CAGR of 4% from 2014 to 2019, and is projected to reach a market value of $7.5 billion by  In North America, the demand will increase over the next several years as a consequence of the growing demand for engineering resins and improving fiber sales.  The U.S. is the world’s largest producer of adipic acid, with more than one-fourth share of the global demand.  In order to gain acceptance from more customers, the bio- based polyamide is expected to be more cost and performance-effective than the petro-based polyamides.

 The bio-based polyamide market has enormous potential and opportunity, with many obstacles to be overcome by the petroleum-based polyamides.  Adipic acid is an intermediate chemical for polyamide 66, which is mainly a high-performance plastic, often referred to as engineering thermoplastics. These involve an extensive range of materials, depending on the monomers employed.  Due to the high production growth rate in the automotive industry and the increasing number of developing countries, the Asia-Pacific region has the maximum adipic acid market share, followed by Europe and North America.  Adipic acid in polyamide 66 is used widely in many applications such as automotive, consumer goods, electrical/electronics, energy, textile, and industrial coatings, among others.

Europe Adipic Acid Market:  Amidst slow growth economic forecasts, the polyamide market in Europe is expected to be steady in the coming years.  The special emphasis on lightweight automotive and emission control regulations is expected to be the important driver of this market.  Since the last two decades, the percentage of engineering plastic and resins in automobile sector is constantly increasing. The reason for this growth is specific properties of engineering plastics.  The shift of focus is indeed a threat for the conventional adipic acid market, but this step will help the manufacturers to control the nitrous oxide emission in the atmosphere.  Germany’s current position in producing bio-based polyamide is limited to a few manufacturers. However, new developments and investments, with further advancements in the field of high-value fine chemicals, are foreseen html

Asia-Pacific Adipic Acid Market:  The Asia-Pacific region is the fastest-growing market for building & construction industry.  It emerged from the global financial crisis as a growth driver and anchor of stability of the global economy.  In APAC, polyurethane holds a major share in the total adipic acid market, followed by polyamide 66 where adipic acid is used as precursor to produce engineering plastics and fibers for various applications.  China contributes to more than half of the total adipic acid production in the Asia-Pacific market, as of  The growth in the Chinese market is driven by foreign investment, due to low-cost labor along with accessible raw materials, thus boosting the country’s production.  The government's proposals to improve public infrastructure and rising automotive sector, helped in increasing the demand for adipic acid in their end-user markets html

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