Adipic Acid Market Applications and Key Players, 2014 to 2020

Global adipic acid market is expected to experience significant growth over the next six years on account of increasing industrial applications. Adipic acid is generally used in production of nylon for composite material which finds application in automotive industry. Growing automotive industry is likely to propel global adipic acid market over the forecast period. Adipic acid also finds application in plastic additives, paints and coatings, polyurethane resins, food additives, low temperature lubricants, and synthetic fibers. Growing paints industry on account of increasing infrastructure is expected to drive the global adipic acid market over the forecast period.