Global Adipic Acid Market to Reach US$ 6,340.6 Mn by 2022 Credence Research
Summary
Browse All Reports of This Category @ http://www.credenceresearch.com/industry/chemicals-market Rising environmental concerns is hampering the market growth and inducing vendors to shift towards bio based adipic acid.Recently, start-up companies such as Verdezyne, Celexion, BioAmber, Genomatica and Rennovia have developed bio-based ways to produce adipic acid, with a target to create pure (100%) bio-based nylon; some have succeed to reach advanced pilot or demonstration scales.Some of the key players present in this market are Invista, Asahi Kasei Corp., BASF SE, Petrochina Liaoyang Petrochemical,Ascend Performance Materials Inc. and Lanxess.Recently, start-up companies such as Verdezyne, Celexion, BioAmber, Genomatica and Rennovia have developed bio-based ways to produce adipic acid, with a target to create pure (100%) bio-based nylon; some have succeed to reach advanced pilot or demonstration scales.Increasing applications in synthetic fibers, paints & coatings, polyurethane resins, plastic and food additives among others are also projected to positively influence the industry.Competitive Insights:More than half of the market pie is accounted by four major players.