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Add to CartGlobal Synthetic And Bio-Based Adipic Acid Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product Type;
Nylon 6,6 Fiber, Nylon 6,6 Resin, Polyurethanes, and Adipate Esters, Others.By Type;
Synthetic Adipic Acid, and Bio-Based Adipic Acid.By Application;
Plasticizers, Lubricants, Coatings, Other.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Synthetic And Bio-Based Adipic Acid Market (USD Million), 2021 - 2031
In the year 2024, the Global Synthetic And Bio-Based Adipic Acid Market was valued at USD 12,432.73 million. The size of this market is expected to increase to USD 18,448.71 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.
The global synthetic and bio-based adipic acid market is a critical sector within the chemical industry, driven by its versatile applications across various end-user segments. Adipic acid is primarily used in the production of nylon 6,6, a key material in textiles, automotive components, and packaging. The market is characterized by a significant demand for both synthetic and bio-based forms of adipic acid, each catering to different environmental and economic needs.
Synthetic adipic acid dominates the market due to its established production processes and widespread industrial applications. Companies like BASF SE, INVISTA, and Solvay S.A. are major players leveraging their extensive manufacturing capabilities to meet global demand. However, environmental concerns and regulatory pressures have spurred interest in bio-based alternatives. Bio-based adipic acid, derived from renewable sources such as biomass, offers a sustainable alternative with reduced carbon footprint compared to its synthetic counterpart.
Asia-Pacific stands as the largest consumer and producer of adipic acid, driven by rapid industrialization and expanding manufacturing activities in countries like China and India. North America and Europe also play significant roles in the market, characterized by stringent environmental regulations and increasing adoption of bio-based products. The global synthetic and bio-based adipic acid market is poised for growth, fueled by technological advancements, sustainability initiatives, and evolving consumer preferences towards eco-friendly materials.
Global Synthetic And Bio-Based Adipic Acid Market Recent Developments
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In 2022, INVISTA (China) Investment Co., Ltd. and China Pingmei Shenma Group, held a ceremony to commemorate the signing of a suite of agreements that establish a strategic relationship creating multiple opportunities for synergies. Agreements were reached for the five-year purchase and sale of adiponitrile (ADN) and adipic acid (AA), and for the license of key technologies.
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In January 2020, BASF SE announced the acquisition of Solvay's polyamide business in order to expand BASF's polyamide capabilities with innovative and well-known products such as Technyl. This acquisition has also enabled BASF to provide its customers with even better engineering plastics solutions, such as autonomous driving and e-mobility.
Segment Analysis
This comprehensive report thoroughly examines various segments of the Global Synthetic and Bio-Based Adipic Acid Market, offering a detailed analysis encompassing both historical and forecasted revenue data. Each market segment is meticulously assessed, providing a deep dive into key factors influencing market dynamics. Through rigorous data analysis, the report substantiates its insights with relevant data points, highlighting emerging trends and patterns that shape the market landscape.
The report delves into the diverse market segments of synthetic and bio-based adipic acid, capturing nuances in demand across industries such as automotive, textiles, and packaging. It provides a comparative analysis of revenue performance over time, offering insights into growth trajectories and market potential. By leveraging robust data analytics, the report identifies pivotal trends driving market expansion, such as the shift towards sustainable practices and advancements in production technologies.
The analysis incorporates strategic interpretations of data trends, enabling stakeholders to grasp market opportunities effectively. Detailed examinations of each segment equip readers with actionable intelligence for informed decision-making. With a focus on data-driven insights, the report elucidates the competitive landscape, market challenges, and opportunities, facilitating a comprehensive understanding of the Global Synthetic and Bio-Based Adipic Acid Market across its various dimensions.
Global Synthetic And Bio-Based Adipic Acid Segment Analysis
In this report, the Global Synthetic And Bio-Based Adipic Acid Market has been segmented by Product Type, Type, Application and Geography.
Global Synthetic And Bio-Based Adipic Acid Market, Segmentation by Product Type
The Global Synthetic And Bio-Based Adipic Acid Market has been segmented byProduct Type into Nylon 6,6 Fiber, Nylon 6,6 Resin, Polyurethanes, and Adipate Esters, Others.
The nylon 6,6 fiber segment utilizes adipic acid as a key raw material in the production of durable and high-strength synthetic fibers. These fibers are widely used in textiles, automotive components, industrial belts, and carpets due to their excellent mechanical properties, heat resistance, and durability.
The nylon 6,6 resin segment involves the use of adipic acid to manufacture resins, which are used in applications such as engineering plastics, automotive parts, electrical components, and packaging materials. These resins provide high thermal stability, impact resistance, and lightweight properties, making them essential in industries requiring advanced material solutions.
The polyurethanes segment leverages adipic acid in the production of flexible and rigid polyurethane foams, coatings, adhesives, and elastomers. Polyurethanes derived from adipic acid are used in industries like construction, automotive, furniture, and footwear, offering versatility, durability, and energy efficiency.
The adipate esters segment includes adipic acid-based esters, which are used as plasticizers in the production of flexible plastics, coatings, and lubricants. Adipate esters improve the flexibility, durability, and processing characteristics of polymers, making them suitable for applications in packaging, medical devices, and consumer goods.
The others segment encompasses additional applications of adipic acid, such as its use in food additives, pharmaceuticals, and chemical intermediates. These niche applications take advantage of adipic acid's properties, catering to specific industrial and consumer needs.
Global Synthetic And Bio-Based Adipic Acid Market, Segmentation by Type
The Global Synthetic And Bio-Based Adipic Acid Market has been segmented by Type into Synthetic Adipic Acid, and Bio-Based Adipic Acid.
The synthetic adipic acid segment represents adipic acid produced using conventional petrochemical processes, primarily through the oxidation of cyclohexanol or cyclohexanone. Synthetic adipic acid is widely used in applications such as nylon production, polyurethanes, and plasticizers due to its high purity and cost-effectiveness. It is the most established type in the market, catering to industries like automotive, construction, textiles, and consumer goods, where durability and performance are crucial.
The bio-based adipic acid segment includes adipic acid derived from renewable feedstocks such as sugars, lignocellulosic biomass, and other natural sources. This segment is gaining attention due to the growing demand for environmentally friendly and sustainable alternatives to petrochemical products. Bio-based adipic acid reduces greenhouse gas emissions and dependence on fossil fuels, aligning with global sustainability goals. It is increasingly being used in applications like bio-based nylon, polyurethanes, and specialty chemicals, appealing to industries that prioritize eco-friendly materials and carbon footprint reduction.
Global Synthetic And Bio-Based Adipic Acid Market, Segmentation by Application
The Global Synthetic And Bio-Based Adipic Acid Market has been segmented by Application into Plasticizers, Lubricants, Coatings, Other.
The plasticizers segment involves the use of adipic acid in the production of flexible plastic materials. Adipic acid-based plasticizers, such as adipate esters, enhance the flexibility, durability, and processability of polymers like PVC. These materials find applications in packaging, automotive interiors, medical devices, and consumer goods, where flexibility and resilience are critical.
The lubricants segment utilizes adipic acid in the formulation of high-performance lubricants and greases. Adipic acid derivatives are known for their ability to improve thermal stability, wear resistance, and viscosity control, making them suitable for industrial machinery, automotive engines, and other mechanical systems that operate under high stress and temperature conditions.
The coatings segment includes the use of adipic acid in the production of durable and protective coatings. These coatings are widely applied in industries such as construction, automotive, and aerospace to provide resistance to corrosion, wear, and environmental degradation. Adipic acid enhances the adhesion, flexibility, and chemical resistance of coatings, making it an essential component in high-performance applications.
The others segment encompasses additional uses of adipic acid, including its role in adhesives, food additives, and pharmaceuticals. Adipic acid's chemical properties make it a valuable ingredient in these niche applications, catering to diverse market demands and specialized industrial requirements.
Global Synthetic And Bio-Based Adipic Acid Market, Segmentation by Geography
In this report, the Global Synthetic And Bio-Based Adipic Acid Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Synthetic And Bio-Based Adipic Acid Market Share (%), by Geographical Region, 2024
As of the previous year, the Global Synthetic and Bio-Based Adipic Acid Market exhibited varying regional dynamics in terms of market share distribution. Asia-Pacific emerged as a dominant region, capturing a significant portion of the market share. This was primarily driven by robust industrialization in countries like China and India, where adipic acid is extensively used in the automotive, textiles, and packaging sectors. The region's strong manufacturing base and expanding consumer markets contributed to its substantial share in the global market.
Following closely behind, North America maintained a notable market share in synthetic and bio-based adipic acid production. The region's advanced technological infrastructure and stringent regulatory environment favoring sustainable practices have propelled the adoption of bio-based adipic acid alternatives. This trend has been particularly prominent in industries seeking to reduce their environmental footprint, thereby influencing market dynamics in the region.
Europe also held a considerable share in the global adipic acid market, characterized by a strong emphasis on environmental sustainability and innovation. European countries have been at the forefront of adopting bio-based adipic acid technologies, driven by stringent regulatory frameworks promoting the use of renewable resources in manufacturing processes. This strategic shift towards eco-friendly solutions has positioned Europe as a key player in shaping the global market landscape for synthetic and bio-based adipic acid.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Synthetic And Bio-Based Adipic Acid Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Growing Demand from Automotive Industry
- Increasing Adoption of Nylon 6,6 in Textiles and Plastics
- Shift towards Sustainable and Bio-Based Products
- Technological Advancements in Adipic Acid Production
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Expansion of End-Use Applications- The global synthetic and bio-based adipic acid market is witnessing significant expansion in its end-use applications, driven by the material's versatility and the ongoing trends towards sustainability. Adipic acid's traditional applications include its use in the production of nylon 6,6, a durable and versatile material extensively utilized in automotive components, textiles, and industrial goods. The increasing demand for lightweight yet strong materials in the automotive sector, coupled with advancements in manufacturing technologies, continues to fuel growth in this segment.
Beyond nylon production, adipic acid is finding new applications in sectors such as polyurethane production. It serves as a key ingredient in the synthesis of polyurethane resins and coatings, which are essential in various industries including construction, furniture, and electronics. The versatility of polyurethane materials, enhanced by adipic acid, allows for the creation of flexible, durable, and weather-resistant products. Additionally, adipic acid is utilized in the production of adipate esters, which function as plasticizers in PVC compounds and lubricants, further expanding its reach across different industrial applications. As industries continue to innovate and seek sustainable alternatives, adipic acid's role in enhancing product performance and environmental sustainability is likely to drive further diversification and growth in its end-use applications globally.
Restraints
- High Production Costs
- Stringent Environmental Regulations
- Competition from Substitutes
- Volatility in Raw Material Prices
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Limited Commercialization of Bio-Based Adipic Acid- Despite the growing emphasis on sustainability and environmental concerns, the commercialization of bio-based adipic acid remains limited within the global market. Challenges primarily stem from higher production costs associated with bio-based processes compared to traditional synthetic methods. This cost disparity often inhibits widespread adoption among manufacturers and end-users, despite the potential environmental benefits offered by bio-based alternatives.
Technological barriers and scale-up challenges pose significant hurdles in achieving cost-effective production of bio-based adipic acid at industrial scales. Processes such as fermentation or enzymatic conversion used in bio-based production are still in the developmental stages and require further refinement to match the efficiency and cost competitiveness of conventional synthetic routes. Regulatory complexities and certification requirements for bio-based products also contribute to the slower pace of commercialization, as stakeholders navigate compliance standards and consumer expectations in adopting sustainable alternatives. As these barriers are addressed through technological advancements and strategic collaborations, the potential for wider commercialization of bio-based adipic acid could grow, driven by increasing market demand for eco-friendly solutions across various industrial applications.
Opportunities
- Rising Investments in Research and Development
- Emerging Markets in Asia-Pacific and Latin America
- Development of Green Technologies and Processes
- Increasing Consumer Awareness and Demand for Sustainable Products
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Strategic Collaborations and Partnerships- Strategic collaborations and partnerships play a crucial role in shaping the landscape of the global synthetic and bio-based adipic acid market. Companies in this sector often engage in partnerships to leverage complementary strengths, accelerate innovation, and expand market reach. These collaborations enable firms to combine expertise in research and development, manufacturing capabilities, and distribution networks, thereby enhancing their competitive edge and market penetration.
For instance, partnerships between chemical manufacturers and technology providers are instrumental in developing and scaling up bio-based adipic acid production processes. By pooling resources and expertise, these collaborations aim to overcome technological barriers and achieve cost efficiencies in sustainable manufacturing practices. Moreover, strategic alliances between adipic acid producers and end-users in industries such as automotive, textiles, and packaging facilitate tailored solutions and product development aligned with specific market demands and sustainability goals. As the market continues to evolve towards greener alternatives, strategic collaborations are expected to drive innovation and propel the adoption of bio-based adipic acid across diverse applications, fostering sustainable growth in the global market.
Competitive Landscape Analysis
Key players in Global Synthetic And Bio-Based Adipic Acid Market include,
- BASF SE
- INVISTA
- Ascend Performance Materials LLC
- Lanxess AG
- Radici Partecipazioni SpA
- Asahi Kasei Corporation
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Synthetic And Bio-Based Adipic Acid Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growing Demand from Automotive Industry
- Increasing Adoption of Nylon 6,6 in Textiles and Plastics
- Shift towards Sustainable and Bio-Based Products
- Technological Advancements in Adipic Acid Production
- Expansion of End-Use Applications
- Restraints
- High Production Costs
- Stringent Environmental Regulations
- Competition from Substitutes
- Volatility in Raw Material Prices
- Limited Commercialization of Bio-Based Adipic Acid
- Opportunities
- Rising Investments in Research and Development
- Emerging Markets in Asia-Pacific and Latin America
- Development of Green Technologies and Processes
- Increasing Consumer Awareness and Demand for Sustainable Products
- Strategic Collaborations and Partnerships
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Synthetic And Bio-Based Adipic Acid Market, By Product Type, 2021 - 2031 (USD Million)
- Nylon 6,6 Fiber
- , Nylon 6,6 Resin
- Polyurethanes
- Adipate Esters
- Others
- Global Synthetic And Bio-Based Adipic Acid Market, By Type, 2021 - 2031 (USD Million)
- Synthetic Adipic Acid
- Bio-Based Adipic Acid
- Global Synthetic And Bio-Based Adipic Acid Market, By Application, 2021 - 2031 (USD Million)
- Plasticizers
- Lubricants
- Coatings
- Other
- Global Synthetic And Bio-Based Adipic Acid Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia/New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Synthetic And Bio-Based Adipic Acid Market, By Product Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- BASF SE
- INVISTA
- Ascend Performance Materials LLC
- Lanxess AG
- Radici Partecipazioni SpA
- Asahi Kasei Corporation
- Company Profiles
- Analyst Views
- Future Outlook of the Market