Adipic Acid Prices, Trends & Forecasts | Provided by Procurement Resource
Adipic acid has the chemical formula C6H10O4 and is a white, crystalline, odourless, and mildly acidic substance. It is a dibasic acid, which means it contains two carboxylic acid functional groups (-COOH) that can dissociate in an aqueous solution to release two hydrogen ions.
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It is a naturally occurring organic acid found in beets and sugarcane; however, it is mostly manufactured synthetically using a variety of chemical procedures.
It is commonly utilised as a precursor in the manufacture of nylon, polyurethane, and other polymers, as well as a variety of goods such as food additives, lubricants, and plasticizers.
At ordinary pressure, it has a melting point of 152-154°C and a boiling point of 337°C. It is extremely soluble in water, with a solubility of 1.49 g/mL at 25°C, and is also soluble in a variety of organic solvents, including ethanol, acetone, and ether.
The leading adipic acid-producing countries in the market of adipic acid are China, Germany, France, the United States, and South Korea.
Key Details About the Adipic Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Adipic Acid price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Adipic Acid Price trends, including India’s Adipic Acid price, and USA’s Adipic Acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Adipic Acid Price Trend:
It is largely utilised in the manufacturing of nylon, polyurethane, and other polymers as a precursor. It is combined with hexamethylenediamine to generate nylon 6,6, a high-strength engineering plastic used in a variety of applications such as automobile parts, electrical equipment, and textiles.
It is used in the manufacturing of polyurethane to create the intermediate compound adipic dihydrazide, which is utilised to make polyurethane foam and elastomers.
It is also used as a food additive to reduce acidity and enhance flavour. It is commonly used in baking powders because it combines with sodium bicarbonate to produce carbon dioxide, causing the dough to rise.
It is utilised in the production of a variety of different goods, including lubricants, plasticizers, and coatings, in addition to polymers and food additives. It is used in lubricants as a corrosion inhibitor and viscosity improver. It is used in plasticizers to improve the flexibility and durability of PVC products. It is used as a crosslinking agent in coatings to improve adhesion and chemical resistance.
Key Players:
- Asahi Kasei Corporation
- Ascend Performance Materials LLC
- Lanxess AG
- Solvay SA
- Invista (Koch Industries, Inc.)
Recent News:
- August 2022: Toray developed 100% bio-based adipic acid for sustainable PA66 manufacturing in partnership with Japan’s National Institute of Advanced Industrial Science and Technology and RIKEN.
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