Dublin, Feb. 05, 2019 (GLOBE NEWSWIRE) -- The "Global Markets for Adipic Acid" report has been added to ResearchAndMarkets.com's offering.
The scope of the report covers the overview of the global market for adipic acid and analyses of global market trends, with data from 2016, the base year of 2017 and estimates for 2018 and 2023, with projections of CAGR in the forecast duration. Sales values are presented in U.S. dollars, while volumes are presented in kilotons units. Estimated values used are based on manufacturers' total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.
The report discusses technological and economic trends affecting the market. Further, it explains the major drivers and regional dynamics of the adipic acid market and current trends within the industry.
Adipic acid is used in many end-use applications such as automotive; electrical and electronics; synthetic leather; shoe soles; sporting goods; packaging films and coatings; food and beverage/pharmaceuticals; and others (others include food additive, fillers, cosmetics, lubricants, paper additives, polyester molding agents and other chemical intermediates). By region, the market is divided into Asia-Pacific, North America, Europe, South America, and the Middle East and Africa. The report covers market drivers, restraints, opportunities and challenges that determine the scope of the market and trends.
The adipic acid market has grown significantly during the past few years and is expected to grow at a more rapid pace in the next five years. The market has continued to expand, and new technological developments and industry changes have also taken place. Demand is expected to increase due to high demand from a broad range of end-use applications such as automotive; electrical and electronics; shoe soles; sporting goods; synthetic leather; packaging films and coatings; and food and beverage/pharmaceuticals across the globe.
The demand for adipic acid is growing mainly due to growing automotive and electrical/ electronic applications. The adipic acid market is expected to witness significant growth in the coming five years. Also, growing demand for durable polyamide 6/6 and recyclable bio-based adipic acid would drive the demand for adipic acid. However, fluctuating raw materials prices used in adipic acid may hamper market growth during the forecast period.
Sales of adipic acid products are projected to continue growing at a healthy rate during the next five years, driven by increasing demand from engine covers, air-intake manifolds, armrests, cushions, mirror brackets, and radiator end tanks in the automotive sector; connectors, relays, switches, plugs, coil bobbins, and buttons and knobs in the electrical and electronics sector; midsoles, boots, cleats, plates and leather shoes for the shoe soles sector; and bags, sofas, gloves and door panels for the synthetic leather sector.
The report concludes with a special focus on the vendor landscape and includes profiles of major market players operating in the global adipic acid market.
The Report Includes:
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
Chapter 4 Adipic Acid Market Breakdown by Type
Chapter 5 Adipic Acid Market Breakdown by Intermediate Application
Chapter 6 Market Breakdown by End-Use Application
Chapter 7 Market Breakdown by Region
Chapter 8 Competitive Landscape
Chapter 9 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/qkjqfg/global_adipic?w=12
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