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


Adipic acid is the most widely used dicarboxylic acid from the industrial perpective. Adipic acid is mainly used for the production of nylon which finds its application in composite materials which are used in manufacturing automobile components. Other applications of adipic acid include paints & coatings, plastic additives, polyurethane resins, food additives, synthetic fiber and low temperature lubricants. Adipic acid is manufactured from cyclohexanone or cyclohexanol, or a mixture of both (commonly known as KA Oil, where K stands for ketone and A stands for alcohol). Growth of global demand in automobiles and electronics industries for nylon 6, 6 and the growth of global footwear market, where polyurethanes (one of the application product of adipic acid) are expected to drive the overall adipic acid market. Whereas, the environmental issues related with the use of adipic acid is acting as the barriers for the global acid market. Owing to this 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. 

This report is an effort to identify factors, which will be the driving force behind the synthetic & biobased adipic acid market and submarkets by 2018. 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. The report includes price trend analysis of adipic acid from 2010 to 2018. It also analyzes the competitive environment of the global adipic acid market using Poters Five Forces Model and showcasing impact of buyers, suppliers, new entrants, substitutes and degree of competition. The study consists of company market share analysis in order to gauge leading position of key players in the market. 

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.

Inflation is not a part of pricing in this report. Prices of adipic acid vary in each region; hence, a similar volume to revenue ratio does not follow for each individual region. The same price for each application has been taken into account while estimating and forecasting market revenue on the global basis. Regional average price has been considered while breaking down this market by application segment in each region. We use models and estimates in order to produce comprehensive data sets when there is no hard data available. We have used the bottom up approach to arrive at the global market considering individual application segments and integrating them to arrive at the global market. The applications have been further bifurcated using top down approach to derive the regional product market consumption.

For the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunitiesWe have used a combination of primary and secondary research to arrive at the market estimates, market shares and trends. 

This report segments the global synthetic and bio-based adipic acid market as follows:
  • Synthetic Adipic Acid Market: Application Analysis
    • Nylon 6,6 Fiber
    • Nylon 6,6 Resin
    • Polyurethanes
    • Adipate esters
    • Other 
  • Synthetic Adipic Acid Market: Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

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

Enquiry Before Buying


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
 

To get discount on this report, just click on the button below.

To receive brochure, please click on the button below.

Share This Market Study!  

Upcoming Report

Payment
Copyright @ Transparency Market Research