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.

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