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ADIPIC ACID MARKET 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023

PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)


ADIPIC ACID MARKET 2018 ADIPIC ACID Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 Synopsis of Adipic Acid Market: Adipic acid is a white crystalline organic acid, which possesses six carbon atom and two carboxylate groups attached to the terminal carbons in the chain. Adipic acid is predominantly used as a buffer, acidifier, gelling aid, and sequestrant. It is utilized in confectionery, fats, cheese analogs, flavoring extracts, and fats. Moreover, they possess unique properties, which make them suitable for utilization in various end-use industries such as packaging & consumer goods, building & construction, automotive, electrical & electronics, textile, and others. Others end-use industries include food, medical, and furniture. As per our analysis, some of the important market factors and trends identified in the global adipic acid market include constant industrialization, rising demand for high-quality plastic, and continuous growth of the packaging & consumer goods industry. Moreover, growing application of adipic acid in electrical & electronics sector is estimated to drive the growth of the market over the estimated period. Furthermore, huge spending on innovation to develop bio-based plastics and their increased usage in the automotive as well as electrical & electronics industry is estimated to extend growth opportunities to the global adipic acid market over the forecast years. Additionally, growing manufacturing of passenger cars along with increasing per capita disposable income of consumer in developing economies is estimated to fuel the growth of the adipic acid over the assessment period 2017-2023. Increasing number of working professionals in the emerging economies coupled with rising consumption of packaged foods is predicted to drive the demand for adipic acid in the global market. Improved lifestyle along with the rising demand for comfortable and durable furniture is estimated to fuel the growth of the market in the upcoming years. However, fluctuation in raw material price combined with a high manufacturing cost of synthetic based adipic acid is estimated to hamper the market growth.

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ADIPIC ACID MARKET 2018

Targeted Audience • Adipic acid manufacturers • Traders and Distributors of adipic acid • Production Process Industries • Potential Investors • Raw Material Suppliers • Nationalized Laboratory Enquiry of the Report: https://www.marketresearchfuture.com/enquiry/5479

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ADIPIC ACID MARKET 2018 Regional Analysis The global adipic acid market is spanned across five regions, Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific accounted for the largest market share in 2016 and is estimated to grow at a significant CAGR during the assessment period on account of the continuous growth of numerous enduse industries such as building & construction, automotive, and electrical & electronics among others. The demand for adipic acid is expected to fuel the market growth in the various countries of the Asia Pacific such as Japan, South Korea, India, Thailand, Taiwan, Malaysia, China, and Singapore on account of wide utilization by the automobile manufacturers. Furthermore, growing demand for packaged foods such as frozen meals and ready-to-eat meals is estimated to raise flexible packaging requirements, which is likely to propel the demand for adipic acid. Latin American countries such as Mexico, Colombia, Brazil, and Venezuela are predicted to witness a significant growth on account of rising consumer spending on electrical & electronic products and rising automobile production and sales. In Europe, Germany, France, and Italy are among the major contributor to the regional market growth due to a strong base for automotive manufacturers along with increasing innovation and R&D activities to develop biobased plastic. Moreover, the Middle East and Africa are expected to witness above-average growth over the estimated period on account of increasing building & construction activities in this region.

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ADIPIC ACID MARKET 2018 Application & Major Players in this Research: ADIPIC ACID Market Prominent Players:

 INVISTA

 PetroChina Company Limited  Asahi Kasei Corporation .  Ascend Performance Materials  Sumitomo Chemical Co  BioAmber Inc

 Shandong Hongye  Chemical Company, Ltd.

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Adipic Acid Market 2018 Size, Share, Growth, Trends, 15 Company Profiles and 2023 Future Market Anal  

Adipic Acid market 2018 Industry report incorporates Adipic Acid Industry Volume, piece of the overall industry showcase Trends, Size, Share...

Adipic Acid Market 2018 Size, Share, Growth, Trends, 15 Company Profiles and 2023 Future Market Anal  

Adipic Acid market 2018 Industry report incorporates Adipic Acid Industry Volume, piece of the overall industry showcase Trends, Size, Share...

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