North America Adipic Acid Market Size, Share & Trends Analysis Report By Application (Nylon 6, 6 Fiber; Nylon 6, 6 Resin; Polyurethane, Adipate Esters), By Country (U.S., Canada, Mexico),- Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2033

North America Adipic Acid Market Size and Research

The North America adipic acid market size was exhibited at USD 2.15 billion in 2023 and is projected to hit around USD 3.15 billion by 2033, growing at a CAGR of 3.9% during the forecast period 2024 to 2033.

North America Adipic Acid Market Key Takeaways:

• The nylon 6,6 fiber dominated the market with the largest revenue share of 58.0% in 2023.
• The Nylon 6,6 Resin registered a significant market share in 2023

Report Scope of North America Adipic Acid Market

North America is one of the world's major adipic acid consumers. The majority of nylon produced in North America is nylon 6,6, which is split into engineering resins and fibers that are propelling the market's expansion. Furthermore, the market is anticipated to grow due to the expanding residential construction industry in countries such as Canada and Mexico. This is expected to fuel the market's expansion by raising demand for adipic acid.

Adipic acid is an organic chemical, also known as hexanedioic acid. It is the most significant dicarboxylic acid from an industrial standpoint; each year, around 2.5 billion kilograms of this white, crystalline powder are manufactured, mostly as a precursor for the manufacture of nylon. Other than infrequently occurring in nature, adipic acid is a synthetic food additive with the E number E355. Adipates are the salts and esters of adipic acid. Beet juice naturally contains a dibasic carboxylic acid called adiabatic acid. In the food sector, this acid is frequently used for neutralizing and buffering purposes. It works well for making baking powder and soft drink powders because of its hygroscopic nature.

The need for adipic acid is being driven by the increasing usage of nylon 6, 6 to produce lightweight, durable plastic that is employed in the rapidly expanding automotive and electrical & electronics sectors worldwide. Adipic acid has widespread application in many end-use industries, including but not limited to electrical and electronics, automotive, building and construction, packaging and consumer goods, and textiles. Increasing demand in various industries for polyurethane, nylon 6, and 6 fiber is expected to support market expansion in the upcoming years.

Furthermore, due to its strong dielectric strength, flame retardancy, and insulation resistance, Nylon 6, 6 resin is also utilized in the electronics industry for the development of circuit breakers, computer motherboards, power tool housing, terminal blocks for electronic devices, and connectors for mobile phones. In the upcoming years, it is projected that further digitization and the rising use of electronic devices like computers, television sets, and smartphones will support the expansion of the electrical and electronics business globally. This is anticipated to increase the demand for adipic acid, which is used as a feedstock to produce nylon 6, 6, and consequently boost the use of nylon 6, 6.

North America Adipic Acid Market By Application Insights

The nylon 6,6 fiber dominated the market with the largest revenue share of 58.0% in 2023. This growth is attributed to the advantages of nylon 6,6 fiber, including its resistance to moisture and mildew, high melting point, exceptional durability, and enhanced strength. A nylon flake is melted and extruded via spinnerets to create nylon 6,6 fiber, which is a long filament or fiber. Usually, amines and straight-chain aliphatic acids are used in its synthesis. In its name, the first digit stands for a diamine, and the second for a diacid. Among other things, this fiber is utilized in tire cords, parachutes, and women's undergarments.

The Nylon 6,6 Resin registered a significant market share in 2023 owing to its increased use in the automotive industry to reduce the overall weight of vehicles, which is anticipated to result in a reduction in the amount of harmful gasses that autos emit into the atmosphere. A semi-crystalline engineering thermoplastic, nylon 6,6 resin is easily processed for use in injection molding and extrusion applications. Because of its excellent chemical and heat resistance, high mechanical strength, and stiffness, nylon 6,6 resin is a great material to use in carpets, clothing, airbags, vehicle parts, and electrical and electronic components.

Country Insights

U.S. Adipic Acid Market Trends

The U.S. adipic acid market accounted for the largest market share of 79.4% in 2023. This growth is due to the increased use of nylon 6,6 fiber in the automotive industry due to its strength and durability, the U.S. market for adipic acid is growing. Furthermore, new uses for adipic acid are being developed as a result of the inventiveness and technological breakthroughs of the American chemical industry, including the manufacture of coatings, adhesives, and medications. The nation's strong regulatory framework, emphasis on sustainability, and well-developed infrastructure all contribute significantly to the growth of the adipic acid industry.

Canada Adipic Acid Market Trends

The adipic acid market in Canada held a significant market share in 2023. The robust manufacturing sector in the country, especially in the automotive and textile industries-supports the expansion of the adipic acid market. The development of bio-based substitutes and the growing emphasis on sustainable practices both serve to increase the demand for adipic acid. The Adipic Acid market is growing due in part to Canada's advantageous trading position and highly skilled labor population, which attracts both manufacturers and investors.

Mexico Adipic Acid Market Trends

The mexico adipic acid market witnessed substantial growth in 2023. Mexico's expanding industrial base, particularly in the textile and automotive industries, is fueling the country's adipic acid market expansion. Mexico's status as a manufacturing powerhouse is strengthened by government attempts to stimulate foreign investment and trade agreements with important markets, which raises demand for adipic acid, a crucial raw material. The development of Mexico's adipic acid sector is further aided by the nation's improved infrastructure, cost-effective labor force, and proximity to the American market.

North America Adipic Acid Market Recent Developments

• In March 2024, Dow Chemical Company introduced two new sustainable propylene glycol (PG) solutions with circular and bio-circular feedstocks in North America. Due to a mass balance approach, clients can now provide their high-performance goods with externally proven environmental benefits, making them suitable for a wide range of applications. The mass balancing method, which was recently certified by ISCC PLUS in Freeport, Texas, tracks the movement of circular and bio-circular materials required to create PG through intricate value chains and assigns values based on verifiable bookkeeping
  
  
• In November 2023, Thermo Fisher Scientific Inc. (NYSE: TMO), and bioplatform innovation business Flagship Pioneering announced the establishment of a strategic alliance to speed the development and commercialization of multi-product platforms. Using this partnership, Thermo Fisher and Flagship will jointly establish new platform firms that prioritize cutting-edge tools and skills intending to bolster the biotech ecosystem and expedite the creation of best-in-class therapeutics. The recently established strategic alliance is an extension of Thermo Fisher and Flagship's long-standing supply relationship, spanning across Flagship's network of businesses and utilizing both companies' areas of expertise in life science tools, diagnostics, and services
  
  
• In June 2023, Ascend Performance Materials announced the launch of Cerene, a series of recycled polymers and materials created using the company’s unique carpet reclamation technique. Cerene is accessible as calcium carbonate, PET, polyamides 6 and 66, and polypropylene as a reliable, sustainable feedstock for a variety of uses, such as compounding and molding. Cerene aims to carry on this history by providing nylon 6,6 products and introducing recyclable polymers including PET, PP, and nylon 6. A method that reduces environmental impact and our carbon footprint is used to mechanically recycle cerene

Some of the prominent players in the North America adipic acid market include:

• Ascend Performance Materials
• INVISTA
• Química Delta
• Dow Chemical Company
• SAE Manufacturing Specialties Corp
• Thermo Fisher Scientific Inc.
• GJ Chemical
• Toronto Research Chemicals
• MilliporeSigma
• CJ Chemicals
• Reagents

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the North America adipic acid market

Application

• Nylon 6,6 Fiber
• Automobile
• Polyurethanes
• Adipate Esters
• Others

Country

• North America 

• • U.S.
  • Canada
  • Mexico