Adipic Acid Market

Increased penetration of 3-D printing technology is driving the market growth

Market CAGR for adipic acid is driven by the rising demand for 3-D printing. Due to their exceptional qualities, including great flexibility and durability, adipic acids are suitable for 3D printing. Because of their malleability, they are significantly more durable than other commonly used thermoplastics like PLA and ABS. These polymers could replace other materials as the preferred choice for 3D printers. Excellent chemical resistance and mechanical qualities similar to ABS may be found in PA. It is a prospective material of choice for industrial manufacturing components because its impact resistance is substantially higher than ABS's.

Additionally, the ability to absorb moisture makes it simple to post-process with spray paint and fabric dyes. Adipic acid's adaptability and robustness can be used to 3D print items with thin walls. It has a larger melting point and a low coefficient of friction, making it particularly abrasion resistant. As a result, it can be utilized to print components such as working interlocking gears. The use of polyamide in industrial 3D printing processes is projected to increase as 3D printing technology develops.

Increased infrastructure development efforts directly result from the world's population expansion, particularly in developing nations like Brazil, China, and India. In turn, this increases demand for wires, cables, paints and coatings. For some water-based acrylic emulsions, adipic acid is employed as a difunctional crosslinking agent in paints and coatings. Thus, it is anticipated that the rapidly expanding population will increase the demand for adipic acid during the projected period.

Adipic acid consumption is anticipated to increase throughout the projected period due to changing lifestyles and rising disposable income driving up demand for convenience foods, which in turn is driving up demand for nylon 6,6 resin in the food packaging sector. Thus, driving the adipic acid market revenue.

The automotive industry significantly influences the Global Adipic Acid Market Industry, as adipic acid is a key ingredient in the production of polyamides used in automotive components. With the global push towards lightweight materials for improved fuel efficiency and reduced emissions, the demand for nylon-based parts is likely to increase. This trend is further supported by the rise of electric vehicles, which require advanced materials for battery housings and structural components. As a result, the adipic acid market is expected to benefit from this shift, with projections indicating a market value of 10.3 USD Billion by 2035, driven by the automotive sector's evolving material requirements.

The Global Adipic Acid Market Industry is poised for growth due to the overall expansion of the chemical industry. Adipic acid serves as a vital building block for various chemicals and polymers, including polyurethane and plasticizers. As industrial activities ramp up globally, the demand for adipic acid is likely to increase correspondingly. This expansion is fueled by the rising need for innovative materials across sectors such as construction, electronics, and consumer goods. The anticipated growth trajectory suggests that the market could reach 10.3 USD Billion by 2035, with a CAGR of 4.31% from 2025 to 2035, reflecting the chemical industry's robust development.

The Global Adipic Acid Market Industry is experiencing a surge in demand primarily due to its critical role in nylon production. Nylon, a synthetic polymer, is extensively utilized in textiles, automotive components, and industrial applications. As the global textile industry continues to expand, driven by increasing consumer preferences for durable and versatile materials, the demand for adipic acid is projected to rise. In 2024, the market is valued at approximately 6.5 USD Billion, with expectations to reach 10.3 USD Billion by 2035. This growth indicates a compound annual growth rate (CAGR) of 4.31% from 2025 to 2035, reflecting the ongoing expansion of nylon applications across various sectors.

Sustainability is becoming a focal point within the Global Adipic Acid Market Industry, as manufacturers seek to reduce their environmental impact. The production of adipic acid traditionally involves significant greenhouse gas emissions. However, advancements in bio-based production methods are emerging, which could potentially lower the carbon footprint associated with its production. Companies are increasingly investing in research and development to create more sustainable processes, which may enhance their market competitiveness. This shift towards sustainability could drive demand for adipic acid derived from renewable sources, aligning with global trends towards environmentally friendly materials and practices.

Technological innovations are playing a crucial role in shaping the Global Adipic Acid Market Industry. Enhanced production processes, including more efficient catalytic methods and the integration of automation, are likely to improve yield and reduce production costs. These advancements not only make adipic acid production more economically viable but also contribute to sustainability efforts by minimizing waste and energy consumption. As manufacturers adopt these technologies, the overall efficiency of adipic acid production is expected to improve, potentially leading to a more competitive market landscape. This evolution in production technology may further support the projected growth of the market.

By Region, the report provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Adipic Acid Market area will dominate this market. The massive demand for the market is largely driven by the expanding automotive, textile, and electronics sectors in important nations like China, India, etc. As of October 2022, 3.18 billion meters of textile for clothing were produced in China. Every month, more than three billion m of materials are produced. Hence having a favorable effect on market expansion.

Moreover, China’s adipic acid market held the largest market share, and the Indian adipic acid market was the fastest-growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: ADIPIC ACID MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

North American adipic acid market accounts for the second-largest market. The automotive industry in the United States and Canada uses more nylon 6, 6 fiber, driving up demand in North America. Most people in the U.S. and Canada commute using their vehicles rather than taking public transportation. In the U.S., drivers had a combined 278,063,737 personal and commercial automobiles registered to them in 2021. Moreover, U.S.A. adipic acid market held the largest market share, and the Canadian adipic acid market was the fastest-growing market in the region.

Europe’s adipic acid market is expected to grow at the fastest CAGR from 2023 to 2032. To encourage the sales of electric vehicles, European legislators are creating enticing regulations like subsidies. In Germany, for instance, the environmental bonus criterion has been extended to e-vehicle owners until the end of 2025, and the subsidy paid for electric vehicles has doubled. The subsidy amount has also increased in France. In the meantime, several nations, like Sweden, have established an exemption from car tax for owners of electric vehicles.

Further, the German adipic acid market held the largest market share, and the UK adipic acid market was the fastest-growing market in the European region.

Leading market players are investing heavily in research and development to expand their product lines, which will help the adipic acid market, grow even more. Market participants are also undertaking various strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the adipic acid industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the  adipic acid industry to benefit clients and increase the market sector. In recent years, the adipic acid industry has offered some of the most significant medical advantages. Major players in the adipic acid market, including Solvay S.A., BASF SE, BioAmber Inc, INVISTA, and others, are attempting to increase market demand by investing in research and development operations.

Genomatica creates biobased process technologies that improve the economics, sustainability, and performance of widely used chemicals produced from alternative feedstocks. Genomatica's technology has received significant praise; it has commercialized procedures for the chemicals butanediol (for biodegradable plastics and garments) and butylene glycol (cosmetics and personal care), and it is working on bio-nylon. In March 2022, Genomatica and Asahi KaseiOpen, a Japan-based diversified  manufacturer, established a strategic agreement to commercialize renewably-sourced nylon 6,61 derived from Genomatica's bio-based HMD (hexamethylenediamine, commonly abbreviated as HMDA) building block.

Asahi Kasei anticipates that this collaboration will assist it in meeting its goal of becoming the first to market with environmentally friendly nylon 6,6 for the electronics and automotive industries, using plant-based HMD, and achieving its corporate sustainability goals.

BASF SE, an abbreviation for its former name Badische Anilin und Sodafabrik, is a European multinational corporation and the world's largest chemical producer. The company's headquarters are in Ludwigshafen, Germany. BASF has subsidiaries and joint ventures in over 80 countries and runs six integrated manufacturing sites and 390 other manufacturing locations throughout Europe, Asia, Australia, the Americas, and Africa. In January 2020, BASF SE announced the acquisition of Solvay's polyamide division to expand BASF's polyamide capabilities with innovative and well-known products such as Technyl.

This acquisition has also enabled BASF to give even better-engineered plastics solutions to its customers, such as autonomous driving and e-mobility.