Global Adipic Acid Market To Witness High Growth, Asia Pacific to be the Fastest Growing Region - Hexa Research


Free Press Release DB | Press Release Date : Jul 7, 2017  Download


Global adipic acid market is expected to experience significant growth over the next six years on account of increasing industrial applications.


Adipic Acid Market is estimated to go through momentous growth globally. This industry is estimated to reach around USD 7, 538 million till 2020. This acid is produced using petroleum derived products like phenol, benzene and cyclohexane. Adipic acid which is generally used in production of Nylon is also manufactured in Automobile industry. Adipic acid is majorly used for Nylon fibres, Nylon Resin, paints and coatings. Cyclohexane accounts for over 80% of Adipic acid which is produced globally. Due to shift in hydrocarbons market, phenol used a primarily for production of adipic acid is replaced by cyclohexane. Polyutherane is considered to be one of the rapid growing applications in thermal insulation.

 

The fastest growing market for Adipic acid to be is Polyutherane with expected CAGR of 5.2% from 2015 to 2020. Growing demand for Nylon fibres in automobile industry is the major reason for rise in demand of adipic acid market in recent years. Nations like Russia, China, India and Brazil is expected to counter the positive impact in adipic acid market over next five years. North American market is expected to hit USD over 1.6 billion by 2019 with CAGR of 6.2% from 2015 to 2020.Adipic acid is also used as the gelling aid and flavorant in food industry. With increasing concern regarding environmental protection, Synthetic acid has now been focused towards the production of Bio based Adipic acid. These bio based adipic acid are produced using Glucose, which are environmental friendly. Bio based adipic acid require low capital investment as compared to Synthetic Adipic acid.

 

Browse Details of Report @ http://www.hexaresearch.com/research-report/adipic-acid-industry/

 

Asia Pacific Market, currently the leading regional market for Adipic acid is projected to be fastest growing market. Growth of electronics market in China is motivating the market growth of Adipic Acid in Asia Pacific. After Asia Pacific, Europe is the largest market for the Adipic acid, Use of Synthetic adipic acid in Europe, is affecting the Adipic acid market in China. Bio based Adipic acid holds around 16% lower utilities cost and around 30% lower manufacturing cost as compared to the Petroleum based adipic acid.

 

Browse Related Category Reports @ https://www.hexaresearch.com/research-category/bulk-chemicals-industry


About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

 

Contact Us:

Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Website - http://www.hexaresearch.com/
Visit Our Blog - https://hexaresearchinc.wordpress.com/





Contact Person & Company

Name

:

Carrol Topp

Company

:

Hexa Research

Contact Numbers

Telephone No.

:

8004893075

Fax No.

:

8004893075

Handphone No.

:

8004893075

Website

Website 1

:

Website 2

:

Youtube

:

PR Tags

:

Adipic Acid Market, Adipic Acid Market Size, Adipic Acid Market Share, Adipic Acid Market Growth, Adipic Acid Market Analysis,

Address

Felton Office Plaza

6265 Highway 9

95018, Felton

California


Contact The Author



Contact Carrol Topp






More Press Release From Author



Medical Gases and Equipment Market worth USD 5315 million by 2020 | Hexa Research


Free Press Release DB :

Rising awareness in manufacturers and consumers about medical gases usage and safety are likely to trigger the growth of this market over the forecast period. --> Read This Press Release !



By : Carrol, Topp ( Jul 21, 2017 )
Category : Healthcare Press Release | Country : United States Press Release




Audiology Devices Market Growing At 4.9% CAGR Till 2024 | Hexa Research


Free Press Release DB :

The global audiology devices market is estimated to grow at a 4.9% CAGR over the forecast phase (2016-2024). It would be worth around USD 10 billion by 2024. --> Read This Press Release !



By : Carrol, Topp ( Jul 18, 2017 )
Category : Healthcare Press Release | Country : United States Press Release




Farnesene Market Expected To Grow Rapidly At 27% CAGR Till 2024 | Hexa Research


Free Press Release DB :

The global farnesene industry size is expected to increase significantly over the next seven years on account of growing usage in cosmetics, perfumes, detergents, industrial lubricants and transportation fuels. --> Read This Press Release !



By : Carrol, Topp ( Jul 18, 2017 )
Category : Business Press Release | Country : United Kingdom Press Release





Read More Articles From Carrol Topp



Disclaimer

The author of the press releases are solely responsible for the content of their press releases. Freepressreleasedb.com can't be held liable for the content posted by author. Please check the accuracy of the press release before using the press release. If necessary please contact the author. Thank you.




Report Abuse