SYNTHETIC & BIO-BASED ADIPIC ACID MARKET ANALYSIS

Market Challenges And Opportunities

Global Synthetic & Bio-based Adipic Acid Market - Restraints

• Growing environmental concern

Growing environmental concerns as adipic acid poses a threat to the environment as well as the health of humans are expected to restrict the market growth. Adipic acid is one of the largest sources of N2O emission and also generates non-methane volatile organic compounds. Thus, environmental concern associated with the production of adipic acid is expected to hinder market growth.

Global Synthetic & Bio-based Adipic Acid Market - Opportunities

Growing demand for engineering plastic

The growing demand for engineering plastic across several end-use industries due to the advantage offered in terms of durability is expected to bring new market opportunities. They are durable, highly versatile, high-performance, and cost-effective solutions. Moreover, the expansion of the medical industry is also expected to foster the market growth of adipic acid over the forecast period.

Increasing development of bio-based adipic acid

Increasing development of bio-based adipic acid is projected to provide enormous opportunities over the forecast period. This is attributed to growing environmental concerns and the need to promote environmental sustainability. Additionally, increasing investment by the government and manufacturers for producing bio-based adipic acid as they are cost-effective and environmentally friendly solutions to cater to various industrial applications is further anticipated to bolster market growth.