3-Oxoadipic Acid Market - Forecast(2022 - 2027)

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3-Oxoadipic Acid MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
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• 3-Oxoadipic Acid market is forecasted to grow at
  a CAGR of 3.6 during 2021-2026. This is
  attributed to the growing textile and automotive
  industries. 3-Oxoadipic acid is also known as
  3-ketoadipate, 3-Oxohexanedioic acid, or
  beta-oxoadipate, and belongs to the class of
  organic compounds known as medium-chain keto
  acids..
• 3-Oxoadipic acid has excellent physical
  properties such as durability, lightweight
  nature, and excellent energy absorption. So, it
  is used in polyamide 66, polyvinyl chloride (PVC)
  resins, and polyurethane..

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• Key Takeaways
• Asia-Pacific dominates the 3-oxoadipic acid
  market, owing to the growing textile industry in
  the region. According to Invest India, the
  domestic technical textile market in India for
  synthetic polymers is projected to reach 11.6
  billion by 2027.
• 3-Oxoadipic acid is utilized as a monomer in the
  manufacturing of polyamide 66, which is a widely
  used ingredient in advanced engineering products
  that are utilized in automobile, construction,
  footwear, furniture, and electrical and
  electronics industries.
• The major opportunity for this market is high
  research spending and growing awareness in
  society.

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By Distribution Channel- Segment Analysis The
polyamides segment held the largest share and is
estimated to rise at a CAGR of 3.9 during the
forecast period. 3-Oxoadipic acid is mainly used
to manufacture polyamide 66, owing to its
excellent properties such as durability,
lightweight nature, and excellent energy
absorbing property. There is a rising demand for
lightweight polyamide 66 from auto component
manufacturers.
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3-Oxoadipic Acid Industry Outlook

• Finetech Industry Limited
• Aosen New Material Technology Co. Ltd.
• Hairui Chemical Co. Ltd.
• Henan Tianfu Chemical Co. Ltd.
• Shandong Haili Chemical Industry Company Ltd.
• Shandong Hongye Chemical Company, Ltd.

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3-Oxoadipic Acid Market - Forecast(2022 -
2027) Learn More About the Report _at_
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pic-acid-market.html
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• Data Tables
• Key Contacts
• Free Customization
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Reddy Contact (1) 970-236-3677 Email
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