Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.9 Billion | USD 7.0 Billion | 3.9% | 2023 |
FrequentlyAsked Questions
Adipic acid is a solid organic compound having the chemical formula C₆H₁₀O₄. Among the most crucial commercial compounds are dicarboxylic acids.
The adipic acid market is driven by the growing automotive industry, technological advancements, the increasing electrical and electronics industry, and many others.
According to the report, the global adipic acid market size was worth around USD 4.9 billion in 2023 and is predicted to grow to around USD 7.0 billion by 2032.
The global adipic acid market is expected to grow at a CAGR of 3.9% during the forecast period.
The global adipic acid market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the rising adoption of EVs and technological advancements.
The global adipic acid market is dominated by players like Invista, Ascend Performance Materials, BASF SE, Rennovia Inc., Radici Group, Solvay, Lanxess AG, Asahi Kasei Corporation, Rhodia (Solvay Group), Sumitomo, Chemical Co. Ltd., Shandong Haili Chemical Industry Co. Ltd., China Petroleum & Chemical Corporation (Sinopec), Liaoyang Petrochemical Company, Hualu Hengsheng Chemical Co. Ltd. and Genomatica Inc. among others.
The adipic acid market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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