Synthetic & Bio-Based Adipic Acid Trends and Forecast
The future of the global synthetic & bio-based adipic acid looks promising with opportunities in the plasticizer, lubricant, and coating applications. The global synthetic & bio-based adipic acid is expected to reach an estimated $13.7 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are the rising demand for eco-friendly materials and the emergence of nylon 6.6.
Lucintel forecasts that nylon 6,6 fiber is expected to witness highest growth over the forecast period.
APAC is expected to witness highest growth over the forecast period due to presence of key players in the region.
A more than 150-page report is developed to help in your business decisions.
Emerging Trends in the Synthetic & Bio-Based Adipic Acid Market
Emerging trends which are evidenced within the synthetic and bio-based adipic acid markets are indeed redefining the scope and the future of production processes and application. Technological advancement as well as the upsurge in the quest for viable and available innovative solutions continues to fast track these trends. Such developments are important for various stakeholders in order to understand how the market operates and where their investments are positioned relative to the opportunities for growth and creating innovations, new applications as well as new markets.
• Incorporation of Bio- Adipic Acid: The bio-based adipic acid is another important trend because of the growing environmental concerns and the pressure for compliance to regulations. As a result of these concerns, bio-based adipic acid which is plywood from renewable feedstocks has been developed which is more environmentally friendly than the traditional petrochemical methods. This requires developments in production technologies including fermentation and catalytic processes which focus on increasing efficiency and scale-up parameters. There is also a change in preference from the more traditional use of oxalate in the depolymerization process in favour of equivalent polyols with a rising customer demand for green products and companies’ sustainability strategies.
• Catalytic Processes: Catalytic processes are improving the processing of both synthetic and bio-based adipic acid. Development of new catalytic technologies has been aimed at decreasing the costs and environmental footprint while improving the adipic acid production’s efficiency and selectivity. Cost and environmental goals are also being achieved by these developments which include the development of new designs of the reactors and the use of heterogeneous catalysts. These improvements are enabling the synthesis of adipic acid with less energy and emissions and thus more economically friendly processes are emerging.
• Rising Emphasis On Sustainability: Adomic acid market development is characterized by rising trends on sustainability measures. Such works often encourage businesses to promote production methods which are friendly to the environment. These developments include renewable raw materials, low-energy processes, and waste minimization. The sustainability trends are also pushing the boundaries as far as production of adipic acid is concerned both synthetically and through biomass comparing the carbon footprint/use towards less carbon footprint or overall carbon/ or any other factors that may seem harmful to the environment.
• Increase In Production Capacity: An important trend is the increase of production capacity due to the high consumption of adipic acid. New production facilities are being constructed and existing ones enhanced increasingly to meet the increase in demand in the market. This expansion is not only restricted to the production capacity of synthetic adipic acid but also the production capacity of bio-based production. Increased production capacity is not only for purposes of market internalization but it is also aimed at averting disruptions in the supply chain amid the ÄX%$%Xnew normalÄX%$%X ranting and ensuring the nonstop provision of adipic acid for specific industries such as textiles, automotive and packaging.
New developments in the synthetic and bio-based adipic acid markets including, increasing bio-based substitutes, improvement in active catalytic technologies, heightened attention towards the environment, growth of the production capacity and the need for effective strategic alliances are changing the skyline of the market. These trends are filling the gap of innovation, enhancing process & production operations, and eliminating pollution. As the trend progresses further, these trends will become more significant in the direction of development of copolyester and subsequent areas of its utilization.
Recent Developments in the Synthetic & Bio-Based Adipic Acid Market
The synthetic & bio based adipic acid market is changing rapidly as a result of elements such as advancement in technology, new regulations, or change in customer preferences. These trends are typical for the progress of the industry towards the more eco-friendly production processes and the growing concern about the environmental protection. Major companies are making efforts to increase the efficiency of production, improve the quality of their products, and comply with the rigorous environmental standards in the target markets.
• Recent advancements in biotechnological processes: have enhanced the efficiency of bio-based adipic acid production. Modified organisms, fermentation broth optimization and availability of advanced organisms are responsible for enhanced production rates and lower costs of production. Such developments have ensured that bio-based adipic acids are at par with other commercialized chemicals on increased production profitability making it possible to embrace such production processes.
• The emergence of new regulatory frameworks: in the major target markets is also increasing the compliance of bio-based adipic acids. Environmental regulations are becoming stricter and environmental friendly policies are being encourages by governments. Such changes in policies are fueling the growth of the bio based industries by financing the development of bio-based technologies and pushing the manufacturers to shift to greener methods of production.
• Increasing Synthetic & Bio Based Adipic Acid Market is also shaped on the increased consumer demand for the environmental sustainability. The increase in environmental concern has led the consumers to demand greener versions of regular products. This tendency compels manufacturers to replace regular AAD with bio based adipic acid in order to accommodate the consumers and improve marketability of the products.
• Industrial and Academic Collaborations: that support the production of bio-based adipic acid. Such cooperations are also boosting the creation of new biopolymer spinach with advanced functionalities. The importance of this astonishing intersection between science and business is also applicable for bio based solutions and their market scope.
Market intelligence reports for the synthetic & bio based adipic acid frontier are also reflecting a radical turn through the incorporation of sustainability and newness. There are driving factors behind the bio-oriented solutions including innovation, technological preparedness, regulatory enclosure and gusts of the consumer. These factors are revolutionizing the landscape of the industry enabling bio-based adipic acid to be more competitive and relevant for different uses. These changes are looked forward to significantly influencing the future application of adipic acid as the industry progresses.
Strategic Growth Opportunities for Synthetic & Bio-Based Adipic Acid Market
The synthetic & bio based adipic acid market provides numerous options through which the firm intends to deliver services in the near and remaining future due to increasing demand for sustainable and verticle and creative materials. As such, the companies are more concentrating on specific applications to take these advantages so as expand their coverage in the market
• Automotive Applications: There is a rising trend in the utilization of bio-based adipic acid in automotive applications for improving the fmr of lightweight, high-performance materials and optimizing functional composites production. Emphasis on strategies that reduce emissions while increasing the vehicular fuel economy has augmented the attraction for bio-polymers and bio-composites in the automotive industry. This kind of opportunity allows producers to be imaginative and make sustainable products that copes with the aim of the industry.
• Textiles and Apparel: In the textiles and apparel sector, bio-based adipic acid is incorporated in the production of long-lasting and green fabrics. There is a rising consumer demand of bio-based fibers and coatings owing to the shift in consumer behaviors towards the purchase of sustainable and ethically made clothes. This is a market opportunity that companies are utilizing in the development of new textile products.
• Consumer Goods: In the consumer goods sector, bio-based adipic acid is being used in the manufacture of packaging films, household items etc. There is increasing demand for bio-based products due to the focus more on environmental impact and product sustainability. This opportunity for growth also enables the companies to enhance their product line and grow in the market.
• Construction Materials: Bio-based compounds tend to be useful in the construction industry for high performance coatings and adhesives where bio-based adipic acid is being incorporated. The advocacy for the sustainable building approach and the use of green materials is forcing the use of bio-based components. This is a trend that companies are taking advantage of in order to create new kinds of construction materials that will aid green building requirements.
Acess to these opportunities of focus in the synthetic & bio based adipic acid market has been as a result of need for ethical alternatives of the existing solutions. Growth sectors include automotive sector, textiles, consumer goods sector, construction materials sector and electronics sector. By exploiting these opportunities companies can improve market strength and support the new paradigm of environmentally friendly and efficient materials
Synthetic & Bio-Based Adipic Acid Market Driver and Challenges
The synthetic & bio based adipic acid market is subject to numerous drivers and challenges. The interplay among technological changes, legislations and regulations and dynamics of the market is enormous.
The factors responsible for driving the synthetic & bio-based adipic acid market include:
1. Technological Advancements: Technological advancements are a major driver in the Synthetic & Bio-Based Adipic Acid market. Innovation in biotechnological processes as well as the developments in production processes have improved effectiveness while lessening the costs involved. Such improvements make bio based adipic acid attractive and encourage its use in various applications.
2. Regulatory Support: In support to this demand is the presence of supportive regulatory frameworks towards the production of bio-based adipic acid. There is an increase in the level of some regulations by governments concerning the environment as well as incentives for adopting sustainable initiatives. This provides regulatory support which enhances investments in bio-based technologies as well as transition towards the greener means of chemical production.
3. Consumer Demand for Sustainability: There is a growing consumer demand for particular sustainable products which has fueled the market. Even as consumers have a higher environmental consciousness, they tend to want greener options in the regular products they order and use. It is as a result of this change in consumer choices that manufacturers are incorporating bio-based adipic acid into their products in order to remain relevant in the market and improve their product range.
Challenges in the synthetic & bio-based adipic acid market are:
1. Recommendation on Cost Competitiveness: The issue of cost competitiveness in the synthetic & bio based adipic acid market is still very much alive. Even though it is accepted that bio-based adipic acid will reduce greenhouse emissions, the costs of production are often indicative of higher values than those for the synthetic polyamide. Companies seek ways to address production costs by cutting costs through technological innovations and economies of scale to enhance competition in the market.
2. Supply Chain Disruption: Visual aspects of the means of production are no doubt important in total sales of the bio based adipic acid. When some feedstock or agriculture require more might cause interruptions on the sourcing chain or even rise in prices. In order to alleviate these risks, corporations are looking for other raw materials supply chains and enhancing their cost, quality and delivery reliabilities.
Unfortunately, given the above drivers and challenges, municipalities and local governments are confined in helping in the synthetic and bio based adipic acid market. Indeed, the existing drivers affecting the industry such as Emerging Technologies, Legislation, and Customer Behavior are gaining momentum faster, and all-inclusive W-Leather, technological or economic barriers render a threshold competition in this field. Understanding concepts enabling coping with those obstacles is essential for identifying opportunities in a rapid growth market and the already challenging marketing environment.
List of Synthetic & Bio-Based Adipic Acid Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies synthetic & bio-based adipic acid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the synthetic & bio-based adipic acid companies profiled in this report include-
• Asahi Kasei
• Ascend Performance Materials
• BASF
• Liaoyang Petrochemical
• Radici
• Rhodia
• Shangdong Haili (Bohui)
Synthetic & Bio-Based Adipic Acid by Segment
The study includes a forecast for the global synthetic & bio-based adipic acid by product type, type, application, and region.
Synthetic & Bio-Based Adipic Acid by Product Type [Analysis by Value from 2018 to 2030]:
• Nylon 6,6 Fiber
• Nylon 6,6 Resin
• Polyurethanes
• Adipate Esters
• Others
Synthetic & Bio-Based Adipic Acid by Type [Analysis by Value from 2018 to 2030]:
• Synthetic Adipic Acid
• Bio-Based Adipic Acid
Synthetic & Bio-Based Adipic Acid by Application [Analysis by Value from 2018 to 2030]:
• Plasticizers
• Lubricants
• Coatings
• Others
Synthetic & Bio-Based Adipic Acid by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Synthetic & Bio-Based Adipic Acid Market
In view of improved production technologies and various movements advocating for eco-friendly approaches, the synthetic and bio-based adipic acid market is transforming very fast. These developments however are at once relevant to all the coming markets but there is a regional perspective regarding the acquisition of standards in the ethnocentric adafics. The following reviews recent developments in the adipic acid market across the United States, China, Germany, India, and Japan.
• United States: Located largely nationwide, the adipic acid synthetic market in the United States has remained strong as a result of its use in the automotive and textile industries, among others. However, growing interest in bio-adipic acid has begun to be expressed, as companies and researchers are looking for eco technological solutions such as gir cater lime sacrosanct. Other recent developments are the introduction of pilot programs for bio-based production , which use renewable raw materials in order to conform to green standards and policies. There is growing interest and financing for research, development and the reasons for targeting bio-based adipic acid production processes and their efficiency and scale have been expanding.
• China: In contrast, China is rapidly developing the market for synthetic adipic acid considering the initiatives for increasing production to meet the local and export needs. The same nation is also prioritizing funding for technologies responsible for the development of bio-based adipic acids in a bid to limit environmental pollution and meet regulatory requirements. More recently, new plants for the production of bio-based adipic acid were launched and partnerships between science and industry aimed at creating greener manufacturing processes were formed. The efforts in China will be directed towards the minimization of petrochemical based processes within the manufacturing processes and building sustainability within those processes.
• Germany: Germany is the first country in Europe to invest in the bio-based adipic acid production methods as part of the biobased economy. The country has embraced a number of strategies that are aimed at developing and encouraging the growth of renewable feed stocks in place of fossil based ones for the production of adipic acid. Some of the recent advances include further development of catalytic processes and fermentation technologies for bio based adipic acid production for improved enzymatic biotechnology. The development of GermanyÄX%$%Xs economy and its increasing focus on regulatory issues, which drive the market, has also brought about new technologies where huge amounts have been put into research and constructing industrial processes for bio based adipic acid manufacturer.
• India: The production of synthetic adipic acid is also on the rise in India largely because of the expansion of the automotive and textile industries which use it widely. There however is an increasing demand for bio based adipic acid in line with the nation’s improved environmental manufacturing practices. More recently, joint efforts have been made by Indian and foreign industrial concerns in the aim of creating bio based production methods. India is looking forward to using local biomass materials in manufacturing bio-based adipic acid with the goal of improving sustainability of the product and limiting the issues of raw materials that have to be imported.
• Japan: Active developments are being made in the production of both bio-based and synthetic adipic acids in Japan. Active in one enhancement of the synthetic production and in search of the bio-based alternative to the traditional processes. Recent changes are the use of novel catalytic processes and the zoning of research collaborations to seek alternative bio-production processes. The direction of technological advancement and environmental sustainability in Japan is repositioning the production of adipic acid to help in minimizing the environmental impacts while staying competitive in the economy.
Features of the Global Synthetic & Bio-Based Adipic Acid
Market Size Estimates: Synthetic & bio-based adipic acid size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Synthetic & bio-based adipic acid size by product type, type, application, and region in terms of value ($B).
Regional Analysis: Synthetic & bio-based adipic acid breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, types, applications, and regions for the synthetic & bio-based adipic acid.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the synthetic & bio-based adipic acid.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ
Q.1 What is the synthetic & bio-based adipic acid size?
Answer: The global synthetic & bio-based adipic acid is expected to reach an estimated $13.7 billion by 2030.
Q.2 What is the growth forecast for synthetic & bio-based adipic acid?
Answer: The global synthetic & bio-based adipic acid is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the synthetic & bio-based adipic acid?
Answer: The major drivers for this market are rising demand for eco-friendly materials and emergence of nylon 6.6.
Q4. What are the major segments for synthetic & bio-based adipic acid?
Answer: The future of the synthetic & bio-based adipic acid looks promising with opportunities in the plasticizer, lubricant, and coating applications.
Q5. Who are the key synthetic & bio-based adipic acid companies?
Answer: Some of the key synthetic & bio-based adipic acid companies are as follows:
• Asahi Kasei
• Ascend Performance Materials
• BASF
• Liaoyang Petrochemical
• Radici
• Rhodia
• Shangdong Haili (Bohui)
Q6. Which synthetic & bio-based adipic acid segment will be the largest in future?
Answer: Lucintel forecasts that nylon 6,6 fiber is expected to witness highest growth over the forecast period.
Q7. In synthetic & bio-based adipic acid, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to presence of key players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the synthetic & bio-based adipic acid by product type (nylon 6,6 fiber, nylon 6,6 resin, polyurethanes, adipate esters, and others), type (synthetic adipic acid and bio-based adipic acid), application (plasticizers, lubricants, coatings, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Synthetic & Bio-Based Adipic Acid Market, Synthetic & Bio-Based Adipic Acid Market Size, Synthetic & Bio-Based Adipic Acid Market Growth, Synthetic & Bio-Based Adipic Acid Market Analysis, Synthetic & Bio-Based Adipic Acid Market Report, Synthetic & Bio-Based Adipic Acid Market Share, Synthetic & Bio-Based Adipic Acid Market Trends, Synthetic & Bio-Based Adipic Acid Market Forecast, Synthetic & Bio-Based Adipic Acid Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.