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

Indonesia Adipic Acid Market Synopsis

Indonesia Adipic Acid market is estimated to reach USD XX million by the end of 20XX, growing at a CAGR of XX%. The growth can be attributed to growing demand for adipic acid as an intermediate in nylon 6,6 production which is used in automotive applications and other industries. Increasing population, rising disposable incomes and changing lifestyles are expected to drive the Indonesia adipic acid market over the forecast period.

Market Trends

The increasing use of adipic acid derivatives such as polyurethanes and plasticizers in various end user industries such as automotive, packaging materials etc., will propel Indonesia adipic acid market growth over the forecast period. Furthermore, high investments from foreign players towards setting up new manufacturing facilities increases product availability for producing higher quality products which further drives this industry`s growth throughout Indonesia. Additionally, consumer preference towards healthier food with reduced fat content due to rising awareness about health benefits has led to increased adoption of low calorie sweeteners like sorbitol derived from Adipic Acid which also accelerates its consumption in Indonesia over the years.

Market Drivers

Demand for Nylon 6-6 (intermediary of Adipic Acid) used in engine coverings & air intake manifolds has increased significantly due to increase sales vehicle globally resulting into increased demand for Adipic Acid especially from Asia Pacific region including India & China leading Indonesia companies offering competitive pricing on their products thus driving greater uptake among global consumers. Robust Growth In Pharmaceuticals ? Rising prevalence chronic diseases worldwide along with increasing investments into research & development activities have boosted pharmaceutical sector?s use of intermediaries like Adipic acids that contribute significantly towards production antibiotics or drugs hence acting key factor propelling this markets overall expansion across country during next few years.

COVID-19 Impact on the Market

The COVID-19 pandemic had a negative effect on Indonesia economy and adversely affected many sectors including chemicals industry where supply chains were disrupted due to lockdown restrictions imposed by government while manufacturing operations halted temporarily resulting into decline shipments year 2020 but situation gradually improving once factories restarted operations mid 2020 providing much needed support helping recover lost volume nearly pre covid levels.

Challenges of the Market

The major challenge faced by the Indonesia Adipic Acid market is its high cost when compared with other substitutes available in the market. Moreover, antioxidants present in some of these substitutes are competitively priced as well which further complicates purchasing decisions for buyers. Thus, manufacturers need to keep their production costs low so that they can offer competitive prices to their customers.

Industry Key Players

Some key players operating in this space include PT Gajah Tunggal Tbk., Novozymes Asia Pacific Pte Ltd., PT Asahi Kasei Chemicals Corporation Indonesia branch office and Eastman Chemical Company International (Hong Kong) Limited among others.

Key Highlights of the Report:

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