More than 50% of Adipic acid Market is globally consumed for the production of Polyamide 6, 6. The shift of exports can be seen in the adipic acid market where China is leading the export market due to several capacity additions in the last 10 years. China started a significant export of adipic acid in 2010 and became a net exporter in 2012. The exports have increased from 31-kilo tons in 2010 to around 320-kilo tons in 2017. This demographic shift of export has also led to some capacity rationalization in the U.S where In vista closed its adipic acid plant situated at Orange, Texas in 2015.
The Asia Pacific leads the consumption of adipic acid accounting for 44% of the world consumption followed by Western Europe and North America with 26% and 23% respectively. Other regions account for just over 7% of global consumption.
The main use of Adipic acid is for Nylon 6, 6 resins and fibers with the much lesser amount going into polyester polyols used in polyurethanes and into adipic acid esters, to be used as specialty plasticizers. Nylon 6, 6 yarns are used in non-staining carpets, home furnishing, apparel, and tire cord. Other fibers uses are in finishing lines, brush bristles, parachutes, and backpacks. Nylon 6, 6 accounts for the largest share for adipic aacid and it is expected to continue to remain in the long-term forecast. Globally, higher production of industrial & textile fibers and carpet is likely to push the demand for adipic acid. Improvement in the global automotive production and housing market along with consumer spending is further likely to push the demand northwards in the short and mid-term forecast.
The global adipic acid market is forecast to grow between 2% to 2.5% in the long-term forecast till 2025 as demand from Asian countries especially China where it is estimated to grow in line with the GDP growth in the short and long-term forecast.
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