Global Adipic Acid Market to Surpass US 7107.6 million by 2026
Adipic acid, also known as hexanedioic acid, is an organic compound. It is a significant monomer used in the polymer industry. Adipic acid is commercially produced by oxidising cyclohexanone and cyclohexanol, also known as ketone-alcohol oil (KA oil), with nitric acid. Adipic acid is the primary raw material used in the production of nylon 66 and other polymeric fibres. It is widely used in the food and beverage and pharmaceutical industries. Furthermore, it is in high demand in the manufacture of polyurethanes and plasticizers. The global adipic acid market volume is expected to grow from nearly 3,920.6 kilotons in 2018 to 4,535.9 kilotons by 2023, with a compound annual growth rate (CAGR) of 3.0 per cent from 2018 to 2023. - The rapid industrialization and increasing applications of artificial polymers in various industries have resulted in the global expansion of the adipic acid market . A large portion of the total adipic acid produced worldwide is used to make nylon. Nylon is...