Adipic Acid Market Size, Share, Growth | Report
Global Adipic Acid Market GMI Research anticipates that the Global Adipic Acid Market to witness a significant Compound Annual Growth Rate over the forecast period (2019-2026). The factors driving the growth of global adipic acid market includes rising adoption of adipic acid in the automotive industry. Approximately, 90% of adipic acid is used in the production of Nylon 66, is further processed for its application in automobile tire cord, carpeting and it is also used to manufacture lubricant component. The rapid expansion of construction industry along with growing demand for light-weight plastic engineering plastic are expected to increase the Adipic Acid Market size in the coming years. However, the growth of Adipic Acid Market is restricted by strict environmental norms imposed by Governments across the world along with growing use of hybrid fibers in the market. Some prominent players in the market are Asahi Kasei Corporation, Radici Group, Lanxess, Petrochina Liaoyang ...