Synthetic and BioBased Adipic Acid Market by Product Type, Applications Other Than Nylon and Region – Global Market Size Estimation, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2032
Overview
Synthetic and Bio-Based Adipic Acid Market size was valued at USD 5.59 Billion in 2024 and the total Synthetic and Bio-Based Adipic Acid revenue is expected to grow at a CAGR of 6.3% from 2025 to 2032, reaching nearly USD 9.11 Billion.
Adipic acid is used in the production of nylon and in industrial as a dicarboxylic acid. The majority of the total volume of adipic acid produced worldwide 60 % is used in the production of nylon, while the remainder is divided between cosmetics, pharmaceuticals, paints and coatings, plastic additives, polyurethane resins, food additives, etc.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
To know about the Research Methodology:-Request Free Sample Report
Synthetic and Bio-Based Adipic Acid Market Drivers and Restrains
The market has witnessed considerable growth in recent years due to growing demand for eco-friendly materials and its acceptance by the consumers. The Synthetic and Bio-Based Adipic Acid Market has become more competitive and price-sensitive owing to the high potential and steady growth of the market. Market is still in its beginning phase and is commercialize from 2019 to 2024. Some key players operating the market are like Rennovia, Verdezyne and DSM have already arrived in the bio-based adipic acid market and started their pilot operations with extensive research and development activities to support their processes, many other companies are projected to follow them.
Manufacturers in the market are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological innovations are also the key focus areas of the manufacturers.
Synthetic and Bio-Based Adipic Acid Market Segmentation Analysis
In terms of product type, the synthetic and bio-based adipic acid market is segmented into food grade and industrial grade. Food grade segment is expected to grow at xx% CAGR during the forecast period. In terms of applications other than nylon, the market is segmented into paints and coatings, low-temperature lubricants, plastic additives, polyurethane resins, food additives and other synthetic fibers. The report also covers, other uses of Adipic Acid in the production of nylon, in medical and food industries, as a gelling aid and flavoring in food preparation, in polymeric coating of hydrophilic drugs and other formulations in medical industry.
Synthetic and Bio-Based Adipic Acid Market Regional Analysis
On the basis of region market divided into five regions such as Asia Pacific, North America, Europe, Latin America, and Middle East Africa. Among all the regions, the Asia Pacific had the xx% market share in 2024 and is projected to lead the market during the forecast period, because of key players operating the market are like Rennovia, Genomatica, Gfbiochemicals Verdezyne and DSM have already arrived in Asia Pacific.
The objective of the report is to present comprehensive analysis of market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding market dynamics, structure by analyzing the market segments, and project the market size. Clear representation of competitive analysis of key players by Synthetic and Bio-Based Adipic Acid Type, price, financial position, product portfolio, growth strategies, and regional presence in the Market make the report investor’s guide.
Scope of the Synthetic and Bio-Based Adipic Acid Market : Inquire before buying
| Global Synthetic and Bio-Based Adipic Acid Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2024 | Forecast Period: | 2025-2032 |
| Historical Data: | 2019 to 2024 | Market Size in 2024: | USD 5.59 Bn. |
| Forecast Period 2025 to 2032 CAGR: | 6.3% | Market Size in 2032: | USD 9.11 Bn. |
| Segments Covered: | by Product Type | Food Grade Industrial Grade |
|
| by Applications Other Than Nylon | Paints and coatings Low-temperature lubricants Plastic additives Polyurethane resins Food additives Other synthetic fibers |
||
Synthetic and Bio-Based Adipic Acid Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Synthetic and Bio-Based Adipic Acid Market, Major Players
1. Invista
2. Rennovia
3. Rodenburg Biopolymers
4. Bioamber
5. Verdezyne
6. DSM
7. BioAmeber
8. Ameris
9. Aemethis
10.Genomatica
11.Rennovia
12.Arkema
13.Evonik
14.Lanxess
15.Sumitomo Chemical Co. Ltd.
16.Koninklijke DSM N.V.
17.Mitsui Chemicals Inc
18.The Dow Chemical Co.
19.Rhodia
20.BASF
21.Ascend performance materials
22.Shangdong haili
23.Liaoyang petrochemical
Frequently Asked Questions:
1. Which region has the largest share in Global Synthetic and Bio-Based Adipic Acid Market?
Ans: Asia Pacific region held the highest share in 2024.
2. What is the growth rate of Global Synthetic and Bio-Based Adipic Acid Market?
Ans: The global market is growing at a CAGR of 6.3% during forecasting period 2025-2032.
3. What is scope of the Global Synthetic and Bio-Based Adipic Acid Market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Synthetic and Bio-Based Adipic Acid Market?
Ans: The important key players in the Global market are – Invista, Rennovia, Rodenburg Biopolymers, Bioamber, Verdezyne, DSM, BioAmeber, Ameris, Aemethis, Genomatica.
5. What is the study period of this market?
Ans: The global market is studied from 2024 to 2032.