Product
Adipic Acid Price Trend and Forecast
Adipic Acid Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Adipic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Adipic acid is an important raw material for the manufacture of thermoplastic polyurethanes and technical polymers based on polyamide 66. It is also used in the manufacture of plasticizers and lubricant components.
In 2021, the Chinese adipic acid price per ton was 2034 USD to 1654 USD from October to December. It was recorded at 2034 USD/MT from January to February in 2022. Due to the continuing Christmas season in the United States in 2021, demand stabilization from downstream polyamide had depressed market sentiment. South Asian imports had drastically decreased, signaling a change in the market's perspective.
In December, the market price for the chemical in the United States was 2635 USD/MT FOB New Jersey. The North American region had winter holidays, which caused demand to stagnate and, in some cases, worsen. This had an impact on the overall market outlook for the quarter.
In December, the FOB Qingdao price fell to 1856 USD/MT. China suffered with production as a result of its dual control policy. This led adipic acid manufacturers to limit operating rates. In Europe, market participants were required to maintain increasing pricing pressure due to consistent demand and tight supply. On a FOB basis, the prices jumped to 3279 USD/MT in December.
Adipic acid prices were increased by specialty chemicals business LANXESS in December 2020. The cost per metric ton increased by 90 euros. An increase in the prices of the raw materials prompted the increase in adipic acid prices.
Procurement Resource provides latest prices of Adipic Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Adipic acid, a crystalline, white powder, is one of the most important dicarboxylic acids. It is primarily utilised in the production of nylon. It occurs rarely in nature. Small but considerate volumes of adipic acid are used in food products as a food additive. It has a tart taste and it is utilised as a flavouring and a gelling agent in jello or gelatines. It is also utilised in some calcium carbonate antacids to make them tart.
Product Details
| Report Features | Details |
| Product Name | Adipic Acid |
| Industrial Uses | Nylon, Paper additives, Copolyamides and terpolymers, Unsaturated polyester resins (UPRS) , Plasticisers , Chemical intermediate, Solvents and lubricants, Electronics, Soil conditioners, Glass protection agents and briquetting agents, Leather tanning agents, Flue gas desulphurisation scrubbers, Cleaning aids |
| Chemical Formula | C6H10O4 |
| Synonyms | 124-04-9, Hexanedioic acid, Butane-1,4-dicarboxylic acid, Hexane-1,6-dioic acid , 1,4-Butanedicarboxylic acid |
| Molecular Weight | 146.14g/mol |
| Supplier Database | Asahi Kasei Corporation, Ascend Performance Materials LLC, Lanxess AG, Solvay SA, Invista (Koch Industries, Inc.) |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Process
- Production of Adipic Acid from Cyclohexanone and Cyclohexanol via Oxidisation; from Butadiene via Carbonylation; and from Cyclohexene via Oxidative Cleavage
While producing Adipic Acid via oxidisation of cyclohexanol and cyclohexanone (together known as KA oil), cyclohexanol is first converted to the ketone, which releases nitrous acid. At last, KA oil is oxidised with the help of nitric acid to finally produce Adipic Acid through a multistep pathway.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications.
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