North America Adipic Acid Market is Expected to Reach $1.7 Billion in 2018

Adipic acid is an intermediate chemical for polyamide 66, which is mainly a high-performance plastic, often referred to as engineering thermoplastics.

Browse through the market data tables, figures and detailed ToC on the “North America Adipic Acid Market”.

http://www.micromarketmonitor.com/market/north-america-adipic-acid-1182676362.html

These involve an extensive range of materials, depending on the monomers employed. Due to the high production growth rate in the automotive industry and the increasing number of developing countries, the Asia-Pacific region has the maximum adipic acid market share, followed by Europe and North America. Adipic acid in polyamide 66 is used widely in many applications such as automotive, consumer goods, electrical/electronics, energy, textile, and industrial coatings, among others.

Crude oil-based polyamide manufacturers are also focusing on bio-based methods. Thus, conventional adipic acid producers are also focusing on bio-based methods which are accepted by the automotive and consumer goods industry to produce bio polyamide 66 based parts.

For more customization on Report Purchase

http://www.micromarketmonitor.com/contact/1182676362-request_for_customization.html

The bio-based polyamide market has enormous potential and opportunity, with many obstacles to be overcome by the petroleum-based polyamides. In order to gain acceptance from more customers, the bio-based polyamide is expected to be more cost and performance-effective than the petro-based polyamides. The global adipic acid application market is expected to grow at a CAGR of 4% from 2014 to 2019, and is projected to reach a market value of $7.5 billion by 2019.

Special Offer on provided Link

http://www.micromarketmonitor.com/contact/1182676362-ask_for_discount.html

In North America, the demand will increase over the next several years as a consequence of the growing demand for engineering resins and improving fiber sales. Currently, many startup companies such as Rennovia, Verdezyne, BioAmber, and Genomatica, among others, are developing bio-based routes for adipic acid plants having competitive properties with those of the conventional adipic acid. The growing use of polyamide 66, polyurethane, and esters/plasticizers are supporting the demand for adipic acid in the North American market.

In addition, the stringent government regulations against nitrous oxide (Nox) emissions in many countries in North America are supporting the adoption of new technologies to eliminate or reduce the emissions in adipic acid production. The U.S. is the world’s largest producer of adipic acid, with more than one-fourth share of the global demand.

Related Reports:

Europe Adipic Acid Market:

Amidst slow growth economic forecasts, the polyamide market in Europe is expected to be steady in the coming years. The special emphasis on lightweight automotive and emission control regulations is expected to be the important driver of this market. Since the last two decades, the percentage of engineering plastic and resins in automobile sector is constantly increasing. The reason for this growth is specific properties of engineering plastics. These are lightweight, strong, and are easy to process. As of 2013, the chemical industry has been included in the European emissions trading scheme, as a consequence of which, companies producing adipic acid will have to pay for the emissions of nitrous oxide into the atmosphere. These regulations are expected to drive the demand for bio-based adipic acid in the European region, thus, shifting the focus of the conventional adipic acid manufacturers. The shift of focus is indeed a threat for the conventional adipic acid market, but this step will help the manufacturers to control the nitrous oxide emission in the atmosphere.

For More Inquiry Here

http://www.micromarketmonitor.com/contact/1182676362-inquery_before_buy.html

Custom Market Research Services:

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit

http://www.micromarketmonitor.com/custom-research-services.html

To specify your custom Research Requirement.

Contact:Mr. Chandrasekhar K.
5601 Bridge Street
Suite 300
Fort Worth, TX 76112
Tel: +1-888-502-0539
Email: sales@micromarketmonitor.com