Adipic Acid Market: Growing Demand in the Automotive Industry Driving Growth
Adipic Acid Market Full Information: Adipic acid is a crucial chemical compound primarily used in the production of nylon, which finds applications in various industries, including textiles, automotive, and packaging. This dicarboxylic acid is an organic compound with the molecular formula C6H10O4. It is known for its high melting point, making it ideal for the manufacture of nylon 6,6, a widely used synthetic polymer. The adipic acid market has witnessed substantial growth over the years, driven by the increasing demand for nylon 6,6 in various end-use industries. The market's scope encompasses the production, distribution, and application of adipic acid in different sectors. It is a key raw material in the production of nylon fibers and resins, as well as various other specialty chemicals. Market growth in the adipic acid industry is primarily attributed to the expanding automotive and textile sectors, as they rely heavily on nylon for various applications. Adipic a...