DUBLIN--(BUSINESS WIRE)--The "Global Adipic Acid Market - Segmented by Raw Materials, End Product, Application, End User Industry and Region - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The adipic acid market is expected to witness a CAGR of approximately 3.25% during the forecast period, 2018-2023. The market is driven by increasing demand for nylon 6,6 in the automotive industry, along with rising demand from consumer goods, electrical, & appliances industries, and growth of the electronics market in Asia-Pacific.
The demand in the automobile industry exists for lighter vehicles with strict regulations on carbon dioxide emissions. Nylon 6,6 offers the biggest advantage of reducing the overall weight of the vehicle without sacrificing performance. In addition, nylon offers better solutions in electric vehicles as they prevent hazardous electrical surges in the event of collisions, by breaking the connection. Therefore, this demand for nylon in the automotive industry is expected to drive the market during the forecast period.
The market is segmented on the basis of raw materials, end product, application, and end-user industry. On the basis of end product, nylon products occupy the major share of around 90% and this segment is expected to grow at a good rate because of increasing demand from the automotive sector. In the automotive sector, nylon 6,6 fiber is used in the manufacture of airbags and nylon 6,6 resin is used in emission-reducing parts, like carbon canisters. Also, their environment-friendly nature has increased their usage in the paints & coatings industry.
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
- Shandong Haili Chemical Industry Co. Ltd
- Shandong Hongye Chemical Group Co. Ltd
- Tangshan Zhonghao Chemical Co. Ltd
- Shenma Industrial
- Sumitomo Chemicals
- Yangmei Fengxi
- Zhejiang Shuyang
For more information about this report visit https://www.researchandmarkets.com/research/dbrjrm/global_adipic?w=4