Table of Contents
Overview
New York, NY – January 9, 2025 – The global adipic acid market, a key component in producing nylon, polyurethane, and plasticizers, is projected to grow from USD 6.1 billion in 2023 to USD 9.1 billion by 2033, with a compound annual growth rate (CAGR) of 4.1% during this period.
This growth is primarily driven by the increasing demand for nylon in the automotive and textile industries, where adipic acid is a crucial raw material. Additionally, the expanding construction sector’s need for polyurethane foams, which utilize adipic acid, further propels market expansion.
However, the market faces significant challenges. Environmental concerns regarding the production process of adipic acid, which emits nitrous oxide—a potent greenhouse gas—pose regulatory and sustainability issues. Moreover, fluctuations in raw material prices can impact production costs and profit margins, adding an element of financial uncertainty for manufacturers.
In response to these challenges, recent developments have focused on improving production methods to reduce environmental impact. Innovations include the development of bio-based adipic acid production processes, which aim to minimize greenhouse gas emissions and reliance on non-renewable resources. Additionally, advancements in catalytic processes have been introduced to enhance efficiency and reduce waste in adipic acid manufacturing.
These efforts align with global sustainability goals and regulatory pressures, indicating a shift towards more environmentally friendly production practices in the adipic acid market.
Key Takeaways
- Adipic Acid Market to reach USD 9.1 billion by 2033, with a 4.1% CAGR from USD 6.1 billion in 2023.
- Cyclohexanol commands a 57.4% market share in 2023 for its role in adipic acid production.
- Liquid adipic acid claims over 56.4% market share in 2023 for its handling ease and precise dosing.
- Nylon 6,6 Fiber leads with a 42.3% market share in 2023, widely used in textiles and automotive.
- Building & Construction dominates with a 45.2% market share in 2023, followed by automotive, electronics, packaging, and textile sectors.
- North America emerges as the largest of the global Adipic Acid Market, holding the largest revenue share of 35.4% in 2023.
Key Market Segments
In 2023, cyclohexanol dominated the adipic acid market with over 57.4% share, driven by its critical role as an intermediate in adipic acid production via oxidation. This process converts cyclohexanol to cyclohexanone, which is subsequently used to produce high-purity adipic acid, essential for applications like nylon and resin manufacturing.
Cyclohexanone, though holding a smaller share, remains vital as both an oxidation product and a direct reactant, enhancing production efficiency and cost-effectiveness. Both chemicals are indispensable to the market, and closely linked to synthetic fiber and resin demand.
In 2023, liquid adipic acid led the market with over 56.4% share, driven by its suitability for seamless integration into industrial processes like nylon and polyurethane production. Its ease of handling and accurate dosing capabilities minimize waste and boost efficiency in large-scale operations.
Meanwhile, the powder form, though less prevalent, is valued for its stability during storage and transport, making it ideal for applications requiring extended shelf life or precise weight control. Both forms cater to distinct industrial needs, with liquid form dominating due to its adaptability in continuous processes.
In 2023, Nylon 6,6 Fiber led the adipic acid market with over 42.3% share, driven by its extensive use in textiles, carpets, and industrial fabrics requiring durability and resilience. Its role in automotive and electronics for high-strength, heat-resistant components further bolsters its dominance.
Nylon 6,6 Resin closely follows, favored for its high melting point and dimensional stability in engineering plastics. Polyurethane, used in foams for insulation, footwear, and furniture, underscores adipic acid’s versatility, while adipate esters serve as key plasticizers enhancing flexibility in PVC and other materials.
In 2023, the building and construction sector dominated the adipic acid market with over 45.2% share, driven by its role in producing nylon 6,6 and polyurethane for insulation, piping, sealants, and flooring. The automotive industry also heavily relies on adipic acid for durable, heat-resistant car components like airbags and connectors.
In electronics, adipic acid-based polymers ensure wear-resistant, reliable components. Additionally, packaging utilizes adipic acid derivatives for flexible, strong films, while the textile industry values its use in durable nylon 6,6 fibers for apparel and furnishings.
Regional Analysis
North America led the global adipic acid market in 2023, capturing a 35.4% revenue share. The region’s growth is fueled by rising awareness of healthy lifestyles and consumer preference for high-quality products.
Adipic acid plays a vital role in industries across the U.S. and Canada, with Canada accounting for 61% of global exports. The increasing demand for plant-based and organic goods drives agricultural advancements, further influencing adipic acid production and solidifying North America’s position in the global market.
Top Use Cases of Adipic Acid Market
- Nylon 6,6 Production: Approximately 90% of adipic acid is used to produce nylon 6,6, a strong and durable synthetic fiber employed in textiles, carpets, and automotive parts.
- Polyurethane Manufacturing: Adipic acid serves as a building block for polyurethane foams, which are essential in creating flexible materials for furniture, insulation, and footwear.
- Plasticizers in PVC: Adipic acid esters are utilized as plasticizers to enhance the flexibility and durability of polyvinyl chloride (PVC) products, including cables and flooring materials.
- Food Additive: In the food industry, adipic acid is used as an acidulant and gelling aid, contributing to the flavor and texture of various products.
- Pharmaceuticals: Adipic acid is incorporated into controlled-release medication formulations to ensure consistent drug release, enhancing therapeutic effectiveness.
Recent Developments
In 2024, BASF SE announced plans to end adipic acid production at Ludwigshafen by 2025, focusing on profitability. Production will continue in Onsan, South Korea, and Chalampé, France, ensuring supply for nylon, polyurethane, and plasticizer manufacturing.
In 2024, Ascend Performance Materials achieved a 98% reduction in greenhouse gas emissions through advanced equipment. Also, they introduced bio-based adipic acid, cutting nylon 6,6 carbon footprint by 25%, highlighting significant strides in sustainable production.
In 2024, INVISTA’s Victoria, Texas, and Kingston, Ontario, sites achieved ISCC PLUS certification, enabling the production of bio-based and circular adipic acid. Additionally, INVISTA is advancing N₂O abatement projects at its Victoria site to reduce greenhouse gas emissions during adipic acid production.
In 2024, LANXESS raised adipic acid prices by EUR 250/ton due to higher raw material costs. Committed to climate neutrality by 2040, they introduced Scopeblue products in 2023, offering reduced carbon footprints and supporting sustainable nylon and polyurethane production.
In 2023, Asahi Kasei collaborated with Microwave Chemical to develop a microwave-based recycling process for nylon 66, efficiently recovering adipic acid and hexamethylenediamine. By 2024, they plan bench-scale trials, showcasing innovation in sustainable chemical practices.
Conclusion
Adipic acid is a key chemical used mainly to make nylon 6,6, which is important in industries like automotive, textiles, and electronics. Its role in producing strong, lightweight materials supports the growth of these sectors. However, environmental concerns about its production process are leading to research into greener methods.
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