According to Merchant Research & Consulting Ltd (UK) consulting agency, the use of adipic acid in the manufacture of polyurethanes has been expanding, since the market for polyamide resins and fibre is mature and these products are largely competed by polyesters and polypropylenes.
Current polyurethane production and consumption growth rates are higher than those demonstrated by polyamides and, particularly, by polyamide fibre. Thus, the demand for adipic acid exhibited by western European producers of polyurethanes has been steadily growing (by 12-15% per year, at present).
The demand for polyamide (nylon) applied in the production of plastics has been growing, too. The Asia-Pacific region is responsible for a large portion of this growth. The production of polyamides in this region consumes up to 85% of adipic acid, which is not used in the synthesis of polyethers (polyether is mainly used for the manufacture of polyurethanes in the Asia-Pacific region).
The demand for adipic acid in the Asia-Pacific region remains cyclical. The average annual demand growth rate is forecast to stay at 3-3.5% worldwide.
Russia fails to have its own production of adipic acid, though the prerequisites for its origination are quite favourable, since the vital feedstock (cyclohexanol, cyclohexanone, nitric acid) is available and major consumers of end-products (plasticisers, monomers) are present.
The prospective annual demand for adipic acid in Russia reaches several dozen thousand tons.
In Russia, adipic acid is used in the production of plasticisers, polyamides, pharmaceuticals, polyurethanes.
Adipic Acid Market Research Report also features the following information:
• Analysis of the global adipic acid market;
• Analysis of the adipic acid market in the CIS countries;
• Adipic acid applications;
• Prospective consumers of adipic acid; etc.