Increasing demand from the automobile industry to manufacture lightweight vehicles is the primary factor driving the market in India.
The India Adipic Acid Market size is projected to reach USD 314.4 million by 2025, according to a new report by Grand View Research, Inc., posting a CAGR of 6.2% during the forecast period.
The market is also expected to grow on account of accelerating rate of footwear production in this country. Adipic acid is essential for the production of aliphatic polyester polyol, which is a key precursor for manufacturing footwear soles. The market size of the footwear industry in India was estimated at USD 6.4 billion in 2016.
Rapid expansion of the nylon 6,6 market in the country is likely to have a positive impact on the demand for adipic acid. The nylon 6,6 market in India is rising at a CAGR of 5.6% during the forecast period and is poised to reach a size of USD 1.6 billion by 2025. Nylon 6,6 accounts for the leading share in India’s adipic acid’s demand.
To Know More About India Adipic Acid Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/india-adipic-acid-market
The construction industry is likely to be a prominent end user of polyurethane. Growing construction activities to accommodate rapidly increasing population is fueling the demand for polyurethane, which in turn is working in favor of the market.
Top Players of India Adipic Acid Market:
Mitsui Chemicals, BASF, DOW, and Henkel are some of the key players prioritizing their strategies to venture into the India MDI/TDI/Polyurethane manufacturing market.
Market Segmentation of India Adipic Acid Market:
India Adipic Acid Market Segmented on the basis of Application.
By Application:
Construction
Electronics and Appliances
Automotive
Footwear
Packaging
Inquire about India Adipic Acid Market with Our Experts @ http://bit.ly/2J7qkDB
The India Adipic Acid Market size is projected to reach USD 314.4 million by 2025, according to a new report by Grand View Research, Inc., posting a CAGR of 6.2% during the forecast period.
The market is also expected to grow on account of accelerating rate of footwear production in this country. Adipic acid is essential for the production of aliphatic polyester polyol, which is a key precursor for manufacturing footwear soles. The market size of the footwear industry in India was estimated at USD 6.4 billion in 2016.
Rapid expansion of the nylon 6,6 market in the country is likely to have a positive impact on the demand for adipic acid. The nylon 6,6 market in India is rising at a CAGR of 5.6% during the forecast period and is poised to reach a size of USD 1.6 billion by 2025. Nylon 6,6 accounts for the leading share in India’s adipic acid’s demand.
To Know More About India Adipic Acid Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/india-adipic-acid-market
The construction industry is likely to be a prominent end user of polyurethane. Growing construction activities to accommodate rapidly increasing population is fueling the demand for polyurethane, which in turn is working in favor of the market.
Top Players of India Adipic Acid Market:
Mitsui Chemicals, BASF, DOW, and Henkel are some of the key players prioritizing their strategies to venture into the India MDI/TDI/Polyurethane manufacturing market.
Market Segmentation of India Adipic Acid Market:
India Adipic Acid Market Segmented on the basis of Application.
By Application:
- Nylon 6,6
- Polyurethanes
Construction
Electronics and Appliances
Automotive
Footwear
Packaging
Inquire about India Adipic Acid Market with Our Experts @ http://bit.ly/2J7qkDB
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