Adipic Acid Producers and Adipic Acid Market Trend

Adipic acid is a white crystalline solid. It is soluble in water but insoluble in organic solvents. It is a key organic diacid intermediate used in nylon manufacturing. There are two main industrial routes for the synthesis of adipic acid: cyclohexane route and cyclohexene route. There are also phenol route and butadiene route.

The global market size for adipic acid was USD 3.5 billion in 2017, growing to USD 4.4 billion in 2022, with a CAGR of 4.7% from 2017 to 2022. The global adipic acid market size is expected to grow to USD 4.9 billion in 2027, with a CAGR of 2.2% from 2022 to 2027.

Figure 2017-2027 Global Adipic Acid Market Size (billion USD) and CAGR
The top 3 global producers of adipic acid are BASF, Huafon Chemical Co. and Invista, with market shares of 17.3%, 15.2% and 11.2%, respectively. There are also several participants include Henan Shenma, Ascend Performance Materials, Jiangsu Haili Chemical Industry Co., Shandong Haili Chemical Industry Co.
The main applications of adipic acid are PU (44.4%), PA66 (30.4%), TPU (14.8%), Polyester resin (6.1%), and plasticizers (3.2%).