Product
Adipic Acid Price Trend and Forecast
Adipic Acid Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Adipic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Adipic Acid Price Trend for the First Half of 2023
Asia
In the initial months of the first quarter of 2023, the price trend of adipic acid inclined due to a rise in support from the rising feedstock benzene prices and stable demand from the downstream industries. However, the spot prices declined from around 1587 USD/MT in February to around 1314 USD/MT in June’23, thereby registering an overall decline of around 17%. The trend during this time was adversely affected by the global decline in demand for adipic acid and the availability of cheap import options in the region.
Europe
In Europe, the prices of adipic acid followed a southward trajectory as they suffered from the weak economic conditions in Europe. The first two quarters were also not favorable for the rise in prices of adipic acid as the hike in inflation rates led to the weakening of buying sentiments of consumers along with the reduction in demand from the textile sector.
North America
A decline in the prices of adipic acid was observed in the first two quarters of 2023 due to the weak performance of the market. The prices in this region also suffered from the poor demand from polymer and petrochemical industries, a rise in natural gas production (which negatively impacted production costs), and the contraction in new orders. The prices thus failed to gain the required momentum and fell gradually in North America.
Analyst Insight
According to Procurement Resource, the price of Adipic Acid is estimated to decline in the upcoming quarter as the major market players of adipic acid are showing feeble demand. Further, the rise in global inflation is expected to impact the adipic acid sector negatively.
Procurement Resource provides latest prices of Adipic Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Adipic acid, a crystalline, white powder, is one of the most important dicarboxylic acids. It is primarily utilised in the production of nylon. It occurs rarely in nature. Small but considerate volumes of adipic acid are used in food products as a food additive. It has a tart taste and it is utilised as a flavouring and a gelling agent in jello or gelatines. It is also utilised in some calcium carbonate antacids to make them tart.
Product Details
| Report Features | Details |
| Product Name | Adipic Acid |
| Industrial Uses | Nylon, Paper additives, Copolyamides and terpolymers, Unsaturated polyester resins (UPRS) , Plasticisers , Chemical intermediate, Solvents and lubricants, Electronics, Soil conditioners, Glass protection agents and briquetting agents, Leather tanning agents, Flue gas desulphurisation scrubbers, Cleaning aids |
| Chemical Formula | C6H10O4 |
| Synonyms | 124-04-9, Hexanedioic acid, Butane-1,4-dicarboxylic acid, Hexane-1,6-dioic acid , 1,4-Butanedicarboxylic acid |
| Molecular Weight | 146.14g/mol |
| Supplier Database | Asahi Kasei Corporation, Ascend Performance Materials LLC, Lanxess AG, Solvay SA, Invista (Koch Industries, Inc.) |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Process
- Production of Adipic Acid from Cyclohexanone and Cyclohexanol via Oxidisation; from Butadiene via Carbonylation; and from Cyclohexene via Oxidative Cleavage
While producing Adipic Acid via oxidisation of cyclohexanol and cyclohexanone (together known as KA oil), cyclohexanol is first converted to the ketone, which releases nitrous acid. At last, KA oil is oxidised with the help of nitric acid to finally produce Adipic Acid through a multistep pathway.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications.
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