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April 18, 2008
Global Adipic Acid Market to Reach 6.3 Billion Pounds by 2012, According to New Report By Global Industry Analysts, Inc.
Adipic acid is used as basic feedstock in production of nylon 6/6 salt, engineering plastics, polyurethane elastomer, pharmaceuticals and derivatives for clothes. The chemical is also used as an ester for plasticizers and high-grade lube oil. Worldwide adipic acid market is projected to reach 6.3 billion pounds in 2012.
San Jose, CA (PRWEB) April 15, 2008 -- Global adipic acid market exhibited improved conditions since 2004, after three arduous years comprising spiraling raw material prices, low profit margins and surplus production capacity. The market limped back on the path to recovery in the second half of year 2004. Stabilization of market conditions, upsurge in global economy and not the least, substantial demand from major markets such as China ensured that the Adipic Acid market regains lost strength.
Nylon 6/6 represents the largest end use segment of adipic acid, as stated in a recent report published by Global Industry Analysts, Inc. Consumption of adipic acid in Nylon6/6 is expected to reach nearly 4.3 billion pounds by 2010. Polyurethane resins offer the highest growth opportunity, registering a CAGR of more than 4.5%. North America accounts for a share of approximately 44% of the global adipic acid demand. European adipic acid market is projected to register a CAGR of over 3% for the period 2001-2010.
Major players in the marketplace include Asahi Kasei Corp, BASF, Invista, Lanxess AG, Liaoyang Petrochemical, Radici, Rhodia SA and Solutia Inc.
"Adipic Acid: A Global Strategic Business Report", published by Global Industry Analysts, Inc., provides product profile, recent developments, profiles of major players and other strategic industry activities. Analysis is presented for major geographic markets such as US, Canada, Japan, France, Germany, Italy, the UK, Spain, Russia, Asia-Pacific, Middle East and Latin America. Analytics for the period 1991 through 2015 are provided in terms of end use segments including nylon 6/6, polyurethane resins and plasticizers.
For more details about this research report, please visit
http://www.strategyr.com/Adipic_Acid_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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Posted by Industrial-Manufacturing at April 18, 2008 12:17 AM