ADIPIC ACID MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Green Adipic Acid Production

While adipic acid has prospered as a key industrial chemical intermediary, its traditional production route via oxidation of cyclohexanol/cyclohexanone with nitric acid is energy-intensive and leads to the generation of Nitrogen oxides (NOx). Stringent environmental regulations curbing NOx emissions have led adipic acid producers to invest in alternative bio-based and low-carbon production pathways. Several companies are engaged in developing yeast and enzymatic fermentation based technologies to manufacture adipic acid from renewable feedstocks such as glucose, sucrose, and lignocellulosic biomass. These novel production methods can help reduce dependence on non-renewable petroleum sources and lower greenhouse gas emissions substantially.

Governments across regions are offering incentives for the adoption of green technologies and encouraging the application of industrial biotechnology towards sustainable chemical production. The availability of policy support is convincing more players in the adipic acid market to fund R&D activities in biocatalytic routes. Additionally, the certainty of crude oil supply and fluctuating prices make renewable adipic acid an attractive option for end-use industries.