North America Adipic Acid Market is Expected to Reach $1.7 Billion in 2018

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Worlds 1st Real Time Market Intelligence
MicroMarket Monitor
Forecasts

• North America Adipic Acid Market is Expected to
  Reach 1.7 Billion in 2018

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Browse through the market data tables, figures
and detailed ToC on the North America Adipic
Acid Market. http//www.micromarketmonitor.com/
market/north-america-adipic-acid-1182676362.html

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• The global adipic acid application market is
  expected to grow at a CAGR of 4 from 2014 to
  2019, and is projected to reach a market value of
  7.5 billion by 2019.
• In North America, the demand will increase over
  the next several years as a consequence of the
  growing demand for engineering resins and
  improving fiber sales.
• The U.S. is the worlds largest producer of
  adipic acid, with more than one-fourth share of
  the global demand.
• In order to gain acceptance from more
  customers, the bio-based polyamide is expected to
  be more cost and performance-effective than the
  petro-based polyamides.

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• The bio-based polyamide market has enormous
  potential and opportunity, with many obstacles to
  be overcome by the petroleum-based polyamides.
• Adipic acid is an intermediate chemical for
  polyamide 66, which is mainly a high-performance
  plastic, often referred to as engineering
  thermoplastics. These involve an extensive range
  of materials, depending on the monomers employed.
• Due to the high production growth rate in the
  automotive industry and the increasing number of
  developing countries, the Asia-Pacific region has
  the maximum adipic acid market share, followed by
  Europe and North America.
• Adipic acid in polyamide 66 is used widely in
  many applications such as automotive, consumer
  goods, electrical/electronics, energy, textile,
  and industrial coatings, among others.

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Europe Adipic Acid Market

• Amidst slow growth economic forecasts, the
  polyamide market in Europe is expected to be
  steady in the coming years.
• The special emphasis on lightweight automotive
  and emission control regulations is expected to
  be the important driver of this market.
• Since the last two decades, the percentage of
  engineering plastic and resins in automobile
  sector is constantly increasing. The reason for
  this growth is specific properties of engineering
  plastics.
• The shift of focus is indeed a threat for the
  conventional adipic acid market, but this step
  will help the manufacturers to control the
  nitrous oxide emission in the atmosphere.
• Germanys current position in producing bio-based
  polyamide is limited to a few manufacturers.
  However, new developments and investments, with
  further advancements in the field of high-value
  fine chemicals, are foreseen.
• http//www.micromarketmonitor.com/market/europe-ad
  ipic-acid-8733892843.html

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Asia-Pacific Adipic Acid Market

• The Asia-Pacific region is the fastest-growing
  market for building construction industry.
• It emerged from the global financial crisis as a
  growth driver and anchor of stability of the
  global economy.
• In APAC, polyurethane holds a major share in the
  total adipic acid market, followed by polyamide
  66 where adipic acid is used as precursor to
  produce engineering plastics and fibers for
  various applications.
• China contributes to more than half of the total
  adipic acid production in the Asia-Pacific
  market, as of 2012.
• The growth in the Chinese market is driven by
  foreign investment, due to low-cost labor along
  with accessible raw materials, thus boosting the
  countrys production.
• The government's proposals to improve public
  infrastructure and rising automotive sector,
  helped in increasing the demand for adipic acid
  in their end-user markets.
• http//www.micromarketmonitor.com/market/asia-paci
  fic-adipic-acid-1232462089.html

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