February 08, 2019
WELLESLEY, Mass., Feb. 08, 2019 – Due to demand from various end-use applications such as automotive, electrical and electronics, and shoe soles, the global market for adipic acid is set for continued growth, according to a recent BCC Research report.
In 2018, the global market for adipic acid was worth 3,920.6 kilotons. In a recent report, BCC Research estimates that this amount will reach 4,535.9 kilotons by 2023, indicating a compound annual growth rate (CAGR) of 3.0%, according to the report “Global Markets for Adipic Acid.”
Industry leaders mentioned in this report include Arkema (ARKAY), Evonik (EVKIF), Lanxess (LNXSF), Sumitomo Chemical Co. Ltd. (SSUMY), Koninklijke DSM N.V. (PHG), Mitsui Chemicals Inc.(MITSY) and The Dow Chemical Co (DWDP).
“The adipic acid market has grown significantly during the past few years and is expected to grow at a more rapid pace in the next five years.,” the report notes. “The market has continued to expand, and new technological developments and industry changes have also taken place.”
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Global Markets for Adipic Acid( CHM055B )
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