India Adipic Acid Market (2024-2030) Outlook | Growth, Share, Forecast, Industry, Size, Analysis, Companies, Trends, Revenue & Value

Market Forecast By By Applications (Nylon 66, Plasticizers, Polyurethanes, Automotive, Polyester Staple Fiber) And Competitive Landscape

Product Code: ETC192276	Publication Date: Aug 2023	Updated Date: Apr 2024	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 60	No. of Figures: 40	No. of Tables: 7

India Adipic Acid Market Shipment Analysis

India Adipic Acid Market registered a growth of 23.74% in value shipments in 2022 as compared to 2021 and an increase of 11.34% CAGR in 2022 over a period of 2017. In Adipic Acid Market India is becoming more competitive as the HHI index in 2022 was 5069 while in 2017 it was 6204. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Adipic Acid Market.

India Adipic Acid Market Competition 2023

India Export Potential Assessment For Adipic Acid Market (Values in Thousand)

India Adipic Acid Market Synopsis

Adipic acid is an industrial chemical used in the production of nylon, polyurethanes and plasticisers. It is also used as a food additive to impart tartness or sournessto foods and beverages. The demand for adipic acid has been growing steadily due to its wide range of applications across various industries such as automotive, electronics, packaging and construction. India is one of the largest producers of adipic acid in Asia Pacific. The country???s domestic consumption accounts for nearly 75% of all adipic acid produced in the world. This makes India a major consumer market with significant potential for growth over the forecast period (2023-2029).

Market Drivers

Increasing demand from end-use Industries: Increasing demand from end-use industries such as automotive, electronics, packaging and construction have led to increased production levels which will drive growth in the India adipic acid market over the coming years. In addition, rising disposable incomes are expected to fuel further growth during this period owing to increased spending on luxury goods that require high quality raw materials like Nylon 6/6 made using adipic acid. Also increasing population coupled with changing lifestyles will create additional opportunities for organic acids like adipate esters which can be used in everyday products like shampoos and toothpastes among others thus driving India market development over time.

Challenges of the Market

Volatility of Raw Material Prices : Changes in prices of crude oil can affect supply chain dynamics due to scarcity or availability issues thus impacting overall pricing structure within industry making it difficult for manufacturers to keep up with costs associated with producing these chemicals. Apart from this environmental regulations imposed by government could restrict usage or lead companies into incurring extra costs related too pollution control equipment installation etc., thereby having negative impact on profitability margins within sector. Additionally stringent quality standards set by customers may become challenging if not satisfied leading not only towards financial loss but tarnishing brand image at large scale consequently hampering prospects for future investments.

Key Players in the Market

Some key players operating in India Adipic Acid Market include Reliance Industries Limited(RIL), Gujarat Alkali Chemicals Ltd., ABB Group, GAIL (India) Limited , MEGlobal Corporation , BASF SE , Ube Chemical Corp., Clariant AG etc,.

Key Highlights of the Report:

India Adipic Acid Market Outlook
Market Size of India Adipic Acid Market, 2023
Forecast of India Adipic Acid Market, 2030
Historical Data and Forecast of India Adipic Acid Revenues & Volume for the Period 2020-2030
India Adipic Acid Market Trend Evolution
India Adipic Acid Market Drivers and Challenges
India Adipic Acid Price Trends
India Adipic Acid Porter's Five Forces
India Adipic Acid Industry Life Cycle
Historical Data and Forecast of India Adipic Acid Market Revenues & Volume By By Applications for the Period 2020-2030
Historical Data and Forecast of India Adipic Acid Market Revenues & Volume By Nylon 66 for the Period 2020-2030
Historical Data and Forecast of India Adipic Acid Market Revenues & Volume By Plasticizers for the Period 2020-2030
Historical Data and Forecast of India Adipic Acid Market Revenues & Volume By Polyurethanes for the Period 2020-2030
Historical Data and Forecast of India Adipic Acid Market Revenues & Volume By Automotive for the Period 2020-2030
Historical Data and Forecast of India Adipic Acid Market Revenues & Volume By Polyester Staple Fiber for the Period 2020-2030
India Adipic Acid Import Export Trade Statistics
Market Opportunity Assessment By By Applications
India Adipic Acid Top Companies Market Share
India Adipic Acid Competitive Benchmarking By Technical and Operational Parameters
India Adipic Acid Company Profiles
India Adipic Acid Key Strategic Recommendations