Adipic Acid in China Market key players, challenge and forecast to 2018 - 2023
Adipic acid is a commercially available aliphatic dicarboxylic acid. It is denoted by the chemical formula - (CH₂)₄(COOH)₂. It is a prime component in the manufacture of nylon. It has major application in electronics and automotive industries. Adipic acid is mainly manufactured from cyclohexanol and cyclohexanone. It relies on other petroleum derivatives for its production. Asia Pacific led the global adipic acid market in 2012 by catering to 35% overall demand. The thriving automobile industry is one of the major factors driving the market in China. The adipic acid market in China is projected a rapid growth over the forecast period (2018-2023). High standard of living and disposable earnings of the China populace are another factor driving market growth. The market growth faces a threat from bio-based substitutes. Download full research Report @ http://www.radiantinsights.com/research/adipic-acid-markets-in-china Products of the market are Nylon 66 fiber, polyurethane, nylon...