Adipic Acid Market to Reach USD 20 Billion by 2034, Driven by Demand from Automotive and Textile Industries

adipic acid market is set for strong growth, projected to reach USD 10.0 billion in 2024 and nearly double to USD 20.0 billion by 2034

VANCOUVER, BRITISH COLUMBIA, CANADA, August 18, 2025 /EINPresswire.com/ -- The global adipic acid market is set for strong growth, projected to reach USD 10.0 billion in 2024 and nearly double to USD 20.0 billion by 2034, at a steady CAGR of 7.2%. Growth will be led by rising demand in the automotive and textile industries, alongside advances in sustainable production technologies.

Key Market Highlights
Market Size & Growth: USD 10.0 billion in 2024 → USD 20.0 billion by 2034.

CAGR: 7.2% over the forecast period.

Largest Segment: Automotive industry, driven by lightweight component demand.

Fastest Growing Segment: Textile sector, due to increasing synthetic fiber consumption.

Production Volume: Expected to rise from 3.5 million tons in 2024 to 6.5 million tons by 2034.

You Can Download Free Sample PDF Copy Of This Report At: https://www.reportsanddata.com/download-free-sample/002328

Demand Drivers
Adipic acid is an essential material used in nylon 6,6, polyurethane, and plasticizers, making it critical for automotive parts and textiles. The global push for lightweight vehicles, especially electric vehicles, is boosting consumption, with automotive demand expected to rise by 8% annually. Meanwhile, the textile industry is seeing strong growth, with synthetic fiber demand forecast to climb by 5% each year.

Regional Insights
Asia Pacific: Leads both production and consumption, fueled by rapid industrialization and urbanization.

North America: Showing steady growth, supported by technological innovation.

Europe: Faces higher costs due to stricter emissions rules and reliance on imports.

Price Trends
Market prices are influenced by raw material costs, particularly cyclohexane. In early 2024, cyclohexane prices rose 10%, lifting adipic acid prices by 7%. Asia Pacific benefits from lower costs due to closer raw material access, while North America and Europe face higher prices from imports and currency fluctuations. Companies are increasingly adopting AI-driven pricing models, improving margins by up to 2%.

Adipic Acid Market Segmentation
By Product Type

Petrochemical-based Adipic Acid

Bio-based Adipic Acid

By Application

Nylon 6,6

Polyurethane

Plasticizers

Others

By End User

Automotive

Textile

Consumer Goods

Industrial

By Technology

Traditional Production

Bio-based Production

By Distribution Channel

Direct Sales

Distributors

Market Drivers and Challenges
Sustainability: Companies are investing in bio-based adipic acid to reduce environmental impact. In 2024, R&D spending on bio-based production rose 20%, with support from initiatives like the EU’s Green Deal, which allocated €1 billion for sustainable chemical production.

Technology: Use of AI in manufacturing has reduced energy use by 15%, improving efficiency.

Challenges: Traditional adipic acid production emits nitrous oxide, a potent greenhouse gas. Stricter regulations and the EU’s Emissions Trading System are increasing costs for producers. Bio-based production is still limited, accounting for just 5% of the market due to high costs and scalability issues.

Industry Outlook
Despite environmental and regulatory hurdles, the market is expected to maintain strong momentum. Innovations in sustainable production and the growing push for eco-friendly materials will create new opportunities.

Leading Players
Top 10 Companies

BASF SE

Ascend Performance Materials

Invista

Radici Group

Shandong Haili Chemical Industry

Asahi Kasei Corporation

Petroquimica Suape

Braskem

SABIC

Oman Oil Refineries and Petroleum Industries Company

Request customization on the report @ https://www.reportsanddata.com/request-customization-form/002328

John W
Reports and Data
+1 2127101370
email us here

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.