Adipic Acid Market
Adipic Acid Market Size And Forecast
According to Verified Market Research, the Adipic Acid Market is expected to grow at a CAGR of 3.17% from 2019 to 2026.
Global Adipic Acid Market Outlook
Nylon is used in various fields to prepare several consumer goods ranging from toothbrushes to parachute chords and from automobile tires or athletic wear. Adipic acid is demanded heavily for the production of nylon and therefore providing an upthrust to the market growth. Also, it is used as a gelling agent, acidifier, and buffering agent in the food and beverage industry, that further fuel its demand in the market. Moreover, the market is also being driven by its application in the medicines for the controlled release of drugs in the body. However, the commercial production of adipic acid is surrounded by stringent environment regulations and therefore it might act as a factor for market slowdown.
Global Adipic Acid Market Competitive Landscape
The Global Adipic Acid Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as BASF SE, LANXESS, Asahi Kasei Corporation, Radici Group, PetroChina Company Limited, INVISTA.
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