Global Adipic Acid Market Set to Reach $6.5 Billion by 2030, Driven by Demand from Automotive, Electronics, and Construction Industries - ResearchAndMarkets.com
The global adipic acid market size is expected to reach USD 6,567.27 million by 2030 to expand at a CAGR of 3.8% from 2023 to 2030.
- The global adipic acid market size is expected to reach USD 6,567.27 million by 2030 to expand at a CAGR of 3.8% from 2023 to 2030.
- Thus, the increasing demand for automobiles worldwide is anticipated to fuel the consumption of nylon 6, 6, thereby having a positive impact on the demand for adipic acid.
- The manufacturing and distribution of products on a global scale enables shorter lead times to the manufacturers operating in the market.
- International border restriction affected the supply chain for adipic acid, which further deteriorated the growth of the market