The global market value of adipic acid will reach 7.24 billion US dollars

France's "special chemicals" recently reported that according to a new research by the international market consulting agency big vision research company, the global market value of adipic acid will reach 7.24 billion US dollars by 2020. The growing dem for nylon resins fibers in major end use industries will remain a key driver of the market in the next six years. However, fluctuations in raw material prices increasingly stringent environmental regulations in Europe North America will hinder the growth of adipic acid market to some extent. It is reported that nylon 66 is the main application field of adipic acid, accounting for 83.3% of the market capacity in 2013. In order to reduce the weight of vehicles, the dem for lightweight high-performance materials is increasing, which will promote the dem for nylon resin nylon fiber. Polyurethane is the second largest application market of adipic acid after nylon 66. The report predicts that polyurethane will also be the fastest growing adipic acid application market, with an average annual growth rate of 5.4% from 2014 to 2020. According to the study, the global adipic acid market capacity was 2.61 million tons in 2012 is expected to exceed · · · · · ·

by 2020
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TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary.