From GlobeNewswire: 2024-11-11 11:30:00

The global Adipic Acid Market size was valued at USD 5.01 Billion in 2023 and is projected to reach USD 6.99 Billion by 2033, with a CAGR of 3.67%. The market is driven by demand from the automotive, textile, packaging, and construction sectors. Manufacturers are focusing on sustainable production processes to meet consumer preferences. In March 2022, Ascend Performance Materials acquired Formulated Polymers Limited’s compounding division in India, while Lanxess and Advent acquired DSM’s Engineering Materials business in May 2022. The COVID-19 pandemic has had a mixed impact on the market, influencing both positive and negative outcomes. The ongoing COVID-19 pandemic has disrupted international trade and businesses, impacting the production and distribution of adipic acid. Demand fluctuations in various industries due to lockdown measures and reduced consumer spending have led to a slowdown in manufacturing activities and reduced demand for adipic acid. Regulatory changes and market restraints pose challenges to market growth. Implementing health and safety protocols in manufacturing facilities has added operational challenges and increased production costs. Companies have adopted adaptive strategies, focused on innovation, and invested in technological advancements to mitigate the pandemic’s impact. Automation in manufacturing processes could lead to increased demand for adipic acid.

Key questions answered in the Adipic Acid Market report include the size of the market, expected growth rate, primary driving factors, top companies, market categories, fastest-growing segments, essential players in the value chain, and procedures for obtaining a free sample report and company profiles. Key offerings of the report include market share, size, and forecast by revenue, market dynamics, segmentation analysis, and competitive landscape.

The Adipic Acid Market is segmented into regions including North America, Europe, Asia-Pacific, and LAMEA. North America benefits from demand in automotive, construction, and packaging sectors, with growth driven by advancements in automotive manufacturing and investments in sustainable practices. Europe’s market thrives on stringent regulations and sustainability efforts in industries like automotive and packaging. Asia-Pacific sees robust demand from automotive, textile, and construction sectors due to rapid industrialization. LAMEA shows growth potential in automotive, construction, and textile industries, driven by infrastructure development and local manufacturing capabilities. The Adipic Acid Market report offers insights on applications, raw materials, end users, and regions from 2024-2033. Key players include Invista, BASF, Solvay, and Sumitomo Chemical. Get a free sample report and enjoy exclusive deals like 25% off your next purchase, personalized market briefs, and post-sale service assistance. Contact sales for customization options. 1. The stock market experienced a significant drop today, with the Dow Jones falling 500 points. This decline was attributed to concerns over rising inflation and interest rates, causing investors to sell off their holdings.

2. In other news, a new study has found that the COVID-19 vaccine is 95% effective at preventing severe illness and death. This data comes as a relief to many as the world continues to grapple with the ongoing pandemic.

3. The United Nations reported that over 82 million people worldwide have been forcibly displaced from their homes due to conflict, persecution, or human rights violations. This is the highest number ever recorded and highlights the urgent need for humanitarian assistance.

4. On a lighter note, a video of a baby panda playing in the snow at a zoo went viral, bringing joy to millions of viewers. The adorable footage captured the playful antics of the panda cub as it rolled around in the fluffy white powder. 1. The stock market soared to new heights today, with the Dow Jones Industrial Average reaching a record high of 30,000 points. This milestone comes as investors remain optimistic about a potential COVID-19 vaccine and economic recovery.

2. In other news, the United States reported a record number of daily COVID-19 cases, surpassing 200,000 for the first time. Health officials are concerned about the upcoming holiday season and urge the public to follow safety guidelines to prevent further spread of the virus.

3. On the political front, President-elect Joe Biden announced key members of his economic team, including former Federal Reserve Chair Janet Yellen as Treasury Secretary. The appointments signal Biden’s commitment to addressing economic challenges and rebuilding the country’s financial stability.

4. In international news, tensions are rising between Iran and Israel after the assassination of a top Iranian nuclear scientist. Iran has vowed to retaliate against those responsible for the attack, raising concerns about the potential for further escalation in the region.

5. Lastly, the holiday shopping season is in full swing, with online sales reaching record levels as consumers opt for contactless shopping amid the pandemic. Retailers are offering steep discounts and promotions to attract customers, with Cyber Monday expected to be the biggest online shopping day of the year. 1. The stock market experienced a sharp decline today, with the Dow Jones Industrial Average dropping by over 500 points. This was attributed to concerns over rising inflation and interest rates. Tech stocks were hit particularly hard, with companies like Apple and Google seeing significant losses.

2. In other news, a new study has found that over 70% of Americans are now fully vaccinated against COVID-19. This milestone comes as the country continues to battle the pandemic, with cases still high in some areas. Health officials are urging those who have not yet been vaccinated to do so as soon as possible.

3. A major wildfire is currently raging in California, threatening homes and forcing evacuations. The fire, which has already burned thousands of acres, is being fueled by high temperatures and strong winds. Firefighters are working around the clock to contain the blaze and protect residents in the affected areas.

4. The US economy added 500,000 jobs in the month of September, exceeding expectations and signaling a strong recovery from the impact of the pandemic. The unemployment rate also dropped to 4.8%, the lowest it has been since the start of the pandemic. This is welcome news for the millions of Americans still looking for work.



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