Adipic acid is a white crystalline organic compound that is widely used in the production of nylon fibers, nylon resins and polyurethanes. It is a raw material used in the manufacture of products like skiwear insulation materials, fishing lines, carpets and automotive components. Adipic acid provides properties like mechanical strength and flexibility to these end products. Utilizing fermentation and biological processes for adipic acid production aids in reducing dependence on fossil fuels and minimizing environmental impact.
Traditionally produced from cyclohexanol and cyclohexanone through oxidation of cyclohexane derived from crude oil, adipic acid manufacturing is an energy intensive process emitting nitrous oxide, a potent greenhouse gas. However, recent biotechnological advancements have enabled renewable production methods employing microbial fermentation of carbohydrates. This provides an eco-friendly and sustainable alternative while meeting increasing demand from the polymer industry.
The adipic acid market is estimated to be valued at USD 6.73 Bn in 2025 and is expected to reach USD 9.11 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 4.4% from 2025 to 2032.
Key Takeaways
- Key players operating in the adipic acid market are Asahi Kasei Corporation, Ascend Performance Materials, BASF SE, Invista, Lanxess Ag, PetroChina Liaoyang Petrochemical, Radici Group, Rhodia, Shandong Haili Chemical Industry Company Ltd., Shandong Hongye Chemical Company Ltd, DOMO Chemicals, Sumitomo Chemical Co., Ltd., Solvay, Liaoyang Tianhua Chemical Co., Ltd, Meru Chem Pvt. Ltd, EMCO Dyestuff, and JPM Pharma & Chemicals Pvt. Ltd.
- The Adipic Acid Market Demand is driven by rapid industrialization and growth in end-use industries like automotive and construction. Additionally, the rise in the global middle-class population and increased purchasing power is fueling demand from the textiles and clothing segment.
- Emerging economies in Asia Pacific are observed to be highly lucrative markets for adipic acid. China continues to dominate global production and consumption. However established markets in North America and Europe are also expected to grow steadily over the forecast period.
Market Key Trends
Rising focus on adipic acid production through biotechnological methods is a noteworthy trend in the industry. Fermentation based processes utilize renewable plant based feedstocks like corn starch, glucose or sucrose instead of fossil fuels. This aids in substantially reducing greenhouse gas emissions and dependence on crude oil. Major players are making strategic investments in research & development of sustainable and eco-friendly production technologies using microbial fermentation to tap into the growing prominence of green chemicals.
Porter's Analysis
Threat of new entrants: Moderate threat as the market requires moderately high capital investments for setting up production facilities.
Bargaining power of buyers: Low to moderate bargaining power as adipic acid has limited substitutes and buyers cannot substitute without concerning the price changes.
Bargaining power of suppliers: Moderate bargaining power as key raw materials like cyclohexane and cyclohexanone for producing adipic acid have limited alternatives.
Threat of new substitutes: Low threat as there are limited alternatives available for adipic acid and substituting will require high conversion costs.
Competitive rivalry: High competition between the major players to gain higher market share and establish strong supply chain networks globally.
Geographical Regions
Asia Pacific accounts for the largest share of the global adipic acid market, both in terms of value and volume. Growing demand from industries such as automotive, insulation, artificial fibers, plastic containers is driving the consumption of adipic acid in the region. The region is also witnessing rapid industrialization and urbanization which has upsurge the demand for end use products of adipic acid.
North America is expected to witness the fastest growth during the forecast period owing to increasing demand for nylon 6,6, polyurethanes and bisphenol A in the region. Favorable government policies and regulations supporting the industrial sector coupled with growing automotive production will further aid the market expansion.
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