Adipic Acid Market worth US$ 9.6 Billion 2029 with a CAGR of 4.3 %
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The report "Adipic Acid Market, By Raw Material (Cyclohexanol and Cyclohexanone), By End Product (Nylon 66 Fibers, Nylon 66 Engineering Resins, Polyurethanes, Adipate Esters and Others), By Application (Plasticizers, Unsaturated Polyester Resins, Wet Paper Resins, Coatings, Synthetic Lubricants, Food Additives and Others), By End User (Textiles, Food and Beverage, Cosmetics, Paints and Coatings, and Others), and By Region - Global Forecast to 2029". Adipic acid market is projected to grow from US$ 6.5 billion in 2020 to US$ 9.6 billion by 2029. Global adipic acid market is driven by increasing demand for adipic acid in the automotive, construction, and electronics industries owing to it is lightweight and durable product. Key Highlights: In March 2014, Rennovia Inc. and Johnson Matthey Davy Technologies Ltd. collaborated to develop and commercialize the production technology for bio-based adipic acid. Key Market Insights from the report: ...