Bio-Based Adipic Acid Market Size, Competitive Strategies And Forecasts, 2014 To 2020 By Grand View Research, Inc

Global increase in preference for industrial chemical manufacturing through sustainable means is expected to remain a key driving factor for bio-based adipic acid market growth over the next six years. The global market is still at infancy stage as key industry participants are focusing on research for developing manufacturing facilities to launch the product on a commercial scale. Key industry participants include Verdezyne, Rennovia, Genomatica and Bio Amber.

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Stringent government regulations over environmental impact coupled with volatile petrochemical based raw material prices is expected to augment bio-based adipic acid market demand. Adipic acid manufactured from bio-based feedstock would reduce carbon footprints and green house gases (GNG) into the atmosphere. Adipic acid is a precursor for polyurethane (PU) and nylon production. Increasing nylon demand for applications such as textiles and automotive components is expected to significantly augment bio-based adipic acid market growth over the next six years. Shift in preference by industry participants for using bio-based PU over traditional products, in industrial applications such as infrastructure, electronics and automobile is expected to fuel adipic acid market growth over the forecast period. 

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