Market Research Reports

Synthetic And Bio-Based Adipic Acid Market - Global Industry Analysis, Market Size, Share, Growth And Forecast, 2012 - 2018

86pages
Published Date: 2012-09-25
 

Description




This report is an effort to identify factors, which will be the driving force behind the synthetic & biobased adipic acid market and submarkets in the next six years. The report provides extensive analysis of the industry, current market trends, industry drivers and challenges for better understanding of the market structure. The report has segregated the synthetic & biobased adipic acid industry in terms of application and geography. We have used a combination of primary and secondary research to arrive at the market estimates, market shares and trends. We have adopted bottom up model to derive market size of the global synthetic & biobased adipic acid market and further validated numbers with the key market participants and Clevel executives. 

This report highlights the industry with the following points:

  • Definition, estimates & forecast of adipic acid application market from 2010 to 2018
  • Analysis of product segments for synthetic & biobased adipic acid product market with historical data and forecast
  • Trends and forecast for four geographic markets, namely North America., Europe, Asia Pacific and RoW based on segments of synthetic & biobased adipic acid product market
  • Profiles of major market participants for better understanding of their contributions

This research is specially designed to estimate and analyze the demand and performance of synthetic & biobased adipic acid in a global scenario. The research provides indepth analysis of synthetic & biobased adipic acid manufacturers, product sales, trend analysis by segments and demand by geography. The report covers all the major product segments of the global synthetic & biobased adipic acid market and provides historical data and statistically refined forecast for the segments covered. The study presents a comprehensive assessment of the stakeholder strategies and winning imperatives for them by segmenting the synthetic & biobased adipic acid market as below:

Synthetic & BioBased  Adipic Acid Market, by Applications:
  • Nylon 6, 6 Fibers
  • Nylon 6, 6 Resins
  • Polyurethanes
  • Adipate Esters
  • Others

In addition the report provides a cross sectional analysis of all the above segments with respect to following geographical markets:

  • North America
  • Europe
  • AsiaPacific
  • Rest of the World (RoW)

Table of Contents




TABLE OF CONTENTS


CHAPTER 1 PREFACE
1.1 RESEARCH SCOPE AND DESCRIPTION 
1.2 RESEARCH METHODOLOGY 
1.3 ASSUMPTIONS

CHAPTER 2 EXECUTIVE SUMMARY AND OVERVIEW 

CHAPTER 3 SYNTHETIC ADIPIC ACID MARKET ANALYSIS 
3.1 INTRODUCTION
      3.1.1 PRODUCTION OF ADIPIC ACID
      3.1.2 SYNTHETIC ADIPIC ACID VALUE CHAIN ANALYSIS
      3.1.3 MARKET DRIVERS
              3.1.3.1 Growth of nylon application in global automotive market
              3.1.3.2 Growth of global footwear market
      3.1.4 RESTRAINTS
              3.1.4.1 Growing environmental concerns
              3.1.4.2 Global economic scenario
      3.1.5 OPPORTUNITIES
              3.1.5.1 Development of bio-based adipic acid
     3.1.6 GLOBAL ADIPIC ACID PRICE TREND, 2010 – 2018 (USD/KG)
     3.1.7 PORTER’S FIVE FORCES ANALYSIS
             3.1.7.1 Bargaining power of suppliers
             3.1.7.2 Bargaining power of buyers
             3.1.7.3 Threats of new entrants
             3.1.7.4 Threat from substitutes
             3.1.7.5 Degree of competition
     3.1.8 COMPANY MARKET SHARE
     3.1.9 ADIPIC ACID MARKET ATTRACTIVENSS ANALYSIS

CHAPTER 4 APPLICATION MARKET - SYNTHETIC ADIPIC ACID
4.1 APPLICATION OVERVIEW
     4.1.1 ADIPIC ACID MARKET VOLUMES SHARES TREND BY APPLICATIONS  2011 - 2018
     4.1.2 ADIPIC ACID MARKET REVENUES SHARES TREND BY APPLICATIONS 2011 – 2018
4.2 ADIPIC ACID MARKET ANALYSIS AND FORECAST, BY APPLICATION
     4.2.1 NYLON 6,6 FIBER
             4.2.1.1 Nylon 6,6 fiber adipic acid application market estimates and forecast, 2010 – 2018 (kilo tons), (USD Million)
     4.2.2 NYLON 6,6 RESIN
             4.2.2.1 Nylon 6,6 resin adipic acid application market estimates and forecast, 2010 – 2018 (kilo tons), (USD Million)
     4.2.3 POLYURETHANES
             4.2.3.1 Polyurethanes adipic acid application market estimates and forecast, 2010 – 2018 (kilo tons), (USD Million)
     4.2.4 ADIPATE ESTERS
             4.2.4.1 Adipate esters adipic acid application market   estimates and forecast, 2010 – 2018 (kilo tons), (USD Million)
     4.2.5 OTHERS
              4.2.5.1 Other adipic acid application market   estimates and forecast, 2010 – 2018 (kilo tons), (USD Million)

CHAPTER 5 REGIONAL MARKET ANALYSIS  
5.1 OVERVIEW
     5.1.1 GLOBAL ADIPIC ACID MARKET VOLUME SHARES TREND BY GEOGRAPHY, 2010 – 2018
     5.1.2 GLOBAL ADIPIC ACID MARKET REVENUE SHARES TREND BY GEOGRAPHY, 2010 – 2018
5.2 ADIPIC ACID MARKET ANALYSIS AND FORECAST, BY REGION
     5.2.1 NORTH AMERICA
             5.2.1.1 North America adipic acid market estimates and forecast, 2010 - 2018 (kilo Tons), (USD Millions)
     5.2.2 EUROPE
             5.2.2.1 Europe adipic acid market estimates and forecast, 2010 - 2018 (kilo Tons), (USD Millions)
     5.2.3 ASIA PACIFIC
             5.2.3.1 Asia Pacific adipic acid market estimates and forecast, 2010 - 2018 (kilo Tons), (USD Millions)
     5.2.4 REST OF THE WORLD (ROW)
             5.2.4.1 RoW adipic acid market estimates and forecast, 2010 - 2018 (kilo Tons), (USD Millions)

CHAPTER 6 BIO-BASED ADIPIC ACID MARKET ANALYSIS
6.1 INTRODUCTION
      6.1.1 SYNTHESIS OF BIO-BASED ADIPIC ACID
      6.1.2 BIO-BASED ADIPIC ACID VALUE CHAIN ANALYSIS 
      6.1.3  FUTURE TRENDS AND ANALYSIS
6.2 CURRENT  MARKET SCENARIO AND KEY DEVELOPMENTS 
6.3  SCENARIO BASED MARKET FORCAST 
6.3 KEY MARKET PARTICIPANTS
      6.3.1 DSM
      6.3.2 VERDEZYNE
      6.3.3 BIO-AMBER
      6.3.4 RENNOVIA
6.4 POTENTIAL APPLICATIONS
6.5  BUSINESS OPPORTUNITIES

CHAPTER 7 COMPANY PROFILE
7.1 INVISTA
      7.1.1 COMPANY OVERVIEW
      7.1.2 FINANCIAL OVERVIEW
      7.1.3 BUSINESS STRATEGIES
      7.1.4 SWOT ANALYSIS
      7.1.5 RECENT DEVELOPMENTS
7.2 RHODIA
      7.2.1 COMPANY OVERVIEW
      7.2.2 FINANCIAL OVERVIEW
      7.2.3 BUSINESS STRATEGIES
      7.2.4 SWOT ANALYSIS
      7.2.5 RECENT DEVELOPMENTS
7.3 BASF
      7.3.1 COMPANY OVERVIEW
      7.3.2 FINANCIAL OVERVIEW
      7.3.3 BUSINESS STRATEGIES
      7.3.4 SWOT ANALYSIS
      7.3.5 RECENT DEVELOPMENTS
7.4 ASCEND PERFORMANCE MATERIALS
      7.4.1 COMPANY OVERVIEW
      7.4.2 FINANCIAL OVERVIEW
      7.4.3 BUSINESS STRATEGIES
      7.4.4 SWOT ANALYSIS
      7.4.5 RECENT DEVELOPMENTS
7.5 SHANGDONG HAILI (BOHUI)
      7.5.1 COMPANY OVERVIEW
      7.5.2 FINANCIAL OVERVIEW
      7.5.3 BUSINESS STRATEGIES
      7.5.4 SWOT ANALYSIS
      7.5.5 RECENT DEVELOPMENTS
7.6 LIYOYANG PETROCHEMICAL
      7.6.1 COMPANY OVERVIEW
      7.6.2 FINANCIAL OVERVIEW
      7.6.3 BUSINESS STRATEGIES
      7.6.4 SWOT ANALYSIS
      7.6.5 RECENT DEVELOPMENTS
7.7 ASAHI KASEI
      7.7.1 COMPANY OVERVIEW
      7.7.2 FINANCIAL OVERVIEW
      7.7.3 BUSINESS STRATEGIES
      7.7.4 SWOT ANALYSIS
      7.7.5 RECENT DEVELOPMENTS
7.8 RADICI
      7.8.1 COMPANY OVERVIEW
      7.8.2 FINANCIAL OVERVIEW
      7.8.3 BUSINESS STRATEGIES
      7.8.4 SWOT ANALYSIS
      7.8.5 RECENT DEVELOPMENTS

LIST OF FIGURES

FIG. 1 SYNTHETIC ADIPIC ACID VALUE CHAIN 
FIG. 2 GLOBAL NYLON APPLICATION IN AUTOMOTIVE MARKET ESTIMATES AND FORECAST, 2011 – 2018 (MILLION TONS) 
FIG. 3 GLOBAL FOOTWEAR MARKET ESTIMATES AND FORECAST, 2011 – 2018 (USD MILLION) 
FIG. 4 GLOBAL ADIPIC ACID PRICE TREND, 2010 - 2018     (USD/KG) 
FIG. 5 PORTER’S FIVE FORCES ANALYSIS 
FIG. 6 ADIPIC ACID COMPANY MARKET SHARE, 2011 
FIG. 7 ADIPIC ACID MARKET ATTRACTIVENESS 
FIG. 8 ADIPIC ACID MARKET VOLUMES SHARES TREND BY APPLICATIONS 2011 - 2018 
FIG. 9 ADIPIC ACID MARKET REVENUES SHARES TREND BY APPLICATIONS 2011 - 2018 27
FIG. 10 NYLON 6,6 FIBER ADIPIC ACID APPLICATION MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION) 
FIG. 11 NYLON 6,6 RESIN ADIPIC ACID APPLICATION MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION) 
FIG. 12 POLYURETHANES ADIPIC ACID APPLICATION MARKET   ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION) 
FIG. 13 ADIPATE ESTERS ADIPIC ACID APPLICATION MARKET   ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION) 
FIG. 14 OTHER ADIPIC ACID APPLICATION MARKET   ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION) 
FIG. 15 GLOBAL ADIPIC ACID MARKET VOLUME SHARES, BY GEOGRAPHY 2010 – 2018 
FIG. 16 GLOBAL ADIPIC ACID MARKET REVENUE SHARES TREND BY GEOGRAPHY, 2010 - 2018 
FIG. 17 NORTH AMERICA ADIPIC ACID MARKET ESTIMATES AND FORECAST, 2010 - 2018 (KILO TONS), (USD MILLIONS) 
FIG. 18 EUROPE ADIPIC ACID MARKET ESTIMATES AND FORECAST, 2010 - 2018 (KILO TONS), (USD MILLIONS) 
FIG. 19 ASIA PACIFIC ADIPIC ACID MARKET ESTIMATES AND FORECAST, 2010 - 2018 (KILO TONS), (USD MILLIONS) 
FIG. 20 ROW ADIPIC ACID MARKET ESTIMATES AND FORECAST, 2010 - 2018 (KILO TONS), (USD MILLIONS) 
FIG. 21 BIO-BASED ADIPIC ACID VALUE CHAIN 

Market Overview




Adipic Acid, the most widely used dicarboxylic acid from the industrial perspective, finds applications as a raw material in the production of nylon 6,6, paints & coatings, low-temperature lubricants, plastic additives, polyurethane resins, food additives and production of other synthetic fibers. 

The global demand for adipic acid was estimated to be over 3,000 kilo tons in 2011, and is expected to grow at a CAGR of over 4% from 2013 to 2018. Asia Pacific is the largest consumer of adipic acid, owing to high production volumes of nylon and polyurethanes, followed by Europe and North America, together accounting for over 90% of the global demand in 2012. In terms of growth, Asia Pacific, especially China and India, is expected to be the fastest growing market at a CAGR of 5.5% from 2013 to 2018.

Nylon6,6 production is the largest application of adipic acid, accounting for over 85% of the total demand in 2011, followed by polyurethane resins and adipate esters. Adipic acid market has been volatile over the last two years with prices rocketing to over $3,000 per kilo since 2010, the global capacity utilization in 2011 was 86% compared to 95% in 2010.
Owing to growing environmental concerns and the growing push for renewable chemicals, bio-based adipic acid has also gained significance over the past few years. Also, cyclohexane, which is a key raw material in adipic acid production, has seen price increase of over 150% since 2009. 

The bio-based adipic acid space is witnessing significant activity from key participants such as Rennovia, BASF, Rhodia and Verdezyne, with full-scale commercialization expected in 2013-14. Engineering plastics, where the demand for sustainability is quite high is expected to be a critical new application for bio-based adipic acid. Also, bio-based adipic acid has the potential to open the technology for renewable nylon fibers. Adipic acid can be converted into adiponitrile which can be further converted to caprolactam, precursor to nylon 6,6. Presently, butadiene is used to produce adiponitrile as it is cheaper, but increasing butadiene prices have forced market participants to once again look at the bio-based adipic acid route.

Our research report analyzes the synthetic and bio-based adipic acid market, providing critical data indicators such as drivers, restraints as well as current market opportunities and current and forecasted raw material pricing trends. Current as well as forecasted demand for various applications such as nylon, polyurethanes and so on has been provided for key geographies. In addition, we have to quantitative information on key countries including China, India, U.S., Germany, U.K. and Brazil. In terms of competitive landscape, current capacities for synthetic adipic acid of key companies such as BASF, Invista, Rhodia etc. have been given along with planned capacity additions. For bio-based adipic acid, we provide a complete picture of current development scene, substitution potential, new processes, intended plants & capacities and expected date of commercialization.

global-synthetic-adipic-acid-volumes-by-geography-2011

global-adipic-acid-volumes-by-application-2011

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Free Market Analysis




Adipic acid is the most widely used dicarboxylic acid from the industrial perspective. Adipic acid is mainly used for the production of nylon which finds its application in composite materials which are used in manufacturing automobile components. 

Some of the other applications of adipic acid other than nylon include: 
  • Paints and coatings 
  • Low-temperature lubricants 
  • Plastic additives 
  • Polyurethane resins 
  • Food additives 
  • Other synthetic fibers 
Currently adipic acid is produced commercially by a two stage process: 
  1. Production of cyclohexanone or cyclohexanol (ketone – alcohol oil) 
  2. The second step includes conversion of KA oil to adipic acid 
The main chemistry in the production of adipic acid is involved in producing KA mixture. There are various steps to yield the KA intermediate. The second step of converting the KA oil into adipic acid is mostly done by reacting with nitric acid. The nitric acid oxidation of KA oil also produces large amount of nitrous oxide (N2O), and NOx. 

Some of the emerging technologies through which adipic acid can be produced include:
  • Production of adipic acid through oxidation of benzene 
  • Adipic acid by direct oxidation of cyclohexane 
  • Via butadiene carbonylation 
  • Adipic acid production via biosynthesis 
The global adipic acid market was estimated to be 2,914.8 kilo tons in 2010 which is expected to reach market volumes of 4,125.3 kilo tons by 2018, growing at a CAGR of 4.5% from 2013 to 2018. 

In terms of revenues, the global market was estimated to be worth USD 4,898.5 million in 2010 which is expected to go up to a market worth USD 8,063.1 million by 2018, growing at a CAGR of 5.8% from 2013 to 2018. 

The global adipic acid market is driven by growing demand for nylon 6, 6 resin and fibers in automotive and electronics industries and the growth of the global footwear market where polyurethane being one of the applications of adipic acid is used to manufacture shoe soles. 

However, due to rising price of crude oil and the impact adipic acid has on the environment, the world is shifting towards the use of bio-based adipic acid. Apart from providing a clean solution, bio-based adipic acid is also economically viable against its synthetic counterpart. 

Over the last decade, demand for bio-based adipic acid has increased considerably due to growing demand for eco-friendly materials and its acceptance by the consumers. However, bio-based adipic acid market is still in its initial phase and is likely to commercialize by 2013 – 2014. Some companies like DSM, Verdezyne and Rennovia have already entered the bio-based adipic acid market and started their pilot operations with extensive R&D activities to support their operations,; many other companies are expected to follow them in the coming years. 

Adipic acid finds its major application in: 
  • Nylon 6, 6 Fibers
  • Nylon 6, 6 Resins 
  • Polyurethanes
  • Adipate Esters 
  • Others
 

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