Industry News

Global Industry Analysts Inc. Presents Report on Adipic Acid

Published on 2011-01-06. Author : SpecialChem

Global Industry Analysts Inc. (GIA) presented a report titled "Adipic Acid: A Global Strategic Business Report". The report provides a comprehensive review of the Adipic Acid markets, impact of recession on the markets, current market trends, competitive scenario, key growth drivers, product overview, recent industry activity, and profiles of major/niche global as well as regional market participants.

The report gives projections for the years 2007 through 2015 for the geographic markets like US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America etc.

The market witnessed a major downfall in 2008-09. The year 2010 saw a recovery and projected to do better in the coming years. In the year 2009 the market suffered due to the major hike in the price of cyclohexane, which is the key material for the production of adipic acid. In addition, some market leaders decided to shut down plants due to bad market conditions. At that time, the global adipic acid market remained tightened due to reduced capacity and higher demand.

Europe represents the largest regional market for adipic acid worldwide on the other hand, Asia-Pacific demonstrates the fastest compounded annual growth rate (CAGR) of more than 2.0% over the period of analysis. Polyurethane Resins category represents the fastest growing end-use segment of adipic acid and Nylon 6/6 category constitutes the largest end-use segment of adipic acid.

The global market for adipic acid is forecast to reach 5.5 billion pounds by the year 2015.

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide

Written By : Specialchem Editorial Team
Based on information displayed on http://www.prweb.com

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