Global Adipic Acid Market is Expected to Reach USD 8,063.1 million in 2018: Transparency Market Research

Global Adipic Acid Market is Expected to Reach USD 8,063.1 million in 2018: Transparency Market Research PR Newswire ALBANY, New York, September 25, 2012 ALBANY, New York, September 25, 2012 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Synthetic and Bio-Based Adipic Acid Market - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018," the global synthetic adipic acid market was worth USD 4,898.5 million in 2010 and is expected to reach USD 8,063.1 million in 2018, growing at a CAGR of 5.8% from 2013 to 2018. In the overall global market, Asia Pacific is expected to maintain its lead position in terms of revenue till 2018. Asia Pacific is expected to enjoy 33.3% of the global adipic acid market revenue share in 2018 followed by Europe. Browse the full report athttp://www.transparencymarketresearch.com/synthetic-and-bio-based-adipic- acid.html The global adipic acid market is driven by growing demand for nylon 6, 6 resin and fibers in automotive and electronics industries and the growth of the global footwear market where polyurethane being one of the applications of adipic acid is used to manufacture shoe soles. However, due to rising price of crude oil and the impact of adipic acid on the environment, the world is shifting towards the use of bio-based adipic acid.