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Synthetic And Bio-Based Adipic Acid Market

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

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

    1. Preface

        1.1. Research Scope and Description

        1.2. Research Methodology

        1.3. Assumptions

    2. Executive Summary and Overview

    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

        3.2. 3.1.9 Adipic Acid Market Attractivenss Analysis

    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)

    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)

    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

        6.4. Key Market Participants

        6.5. 6.3.1. DSM

        6.6. 6.3.2. Verdezyne

        6.7. 6.3.3. Bio-Amber

        6.8. 6.3.4. Rennovia

        6.9. Potential Applications

        6.10. Business Opportunities

    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

    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

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Synthetic And Bio-Based Adipic Acid Market

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