Key vendors to compete based on innovations and product extensions.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global adipic acid market in their latest research report. This report also lists seven other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global market for adipic acid is consolidated in nature and is characterized by the presence of a few large vendors as well as small regional vendors. The presence of well-diversified international, regional, and local vendors characterizes the market. The dominant players in the adipic acid market have vast geographical presence with large manufacturing facilities located globally. A number of regional vendors also operate in the global adipic acid market. The increase in innovation and product extensions in terms of technology during the forecast period is projected to intensify the competition in the market.
According to Ajay Adikari, a lead analyst at Technavio for research on specialty chemicals, “A few players in the market space are capable of lowering the market prices as their costs are lower than that of their competitors. Moreover, financial, technological, and other resources of some of the suppliers are greater than that of their competitors, and such players are able to withstand the changes in market conditions efficiently.”
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Top five vendors in the adipic acid market space
Asahi Kasei
Asahi Kasei manufactures and sells performance chemicals, petrochemicals, consumables, and polymers. The company offers a wide range of petrochemical products such as monomers, polyethylene, inorganic chemicals, and polymethyl methacrylate. It also offers coating materials, cleaners, pharmaceutical additives, cling films, foams, photopolymers, and plastic films.
Key products: Leona 1300G, Leona 1300S, Leona 1700S, Leona 1402G, Leona 1330G, Leona 13G50, Leona 1500, Leona 1402SH, and Leona14G43.
BASF
BASF offers performance and crop protection products, chemicals, oil and gas, and plastics. It serves diversified industries, including paper, furniture, automotive, and others, and has customers in 200 countries.
Key products: Ultramid C37LC and Ultramid Flex F38L.
INVISTA
INVISTA manufactures and sells specialty chemicals, chemical intermediates, fibers, fabrics, polymers, and resins for applications such as automotive, industrial, and construction. The company operates globally and provides expertise and solutions to a wide range of industries in the field of fiber, chemical, and polymer products. It operates as a subsidiary of Koch Industries.
Key products: ADI-PURE.
LANXESS
LANXESS develops, manufactures, and sells specialty chemicals, chemical intermediates, and plastics. It also provides industrial intermediates and aromatic compounds such as nitrotoluenes, cresols, chlorobenzenes, and their derivatives. It has manufacturing facilities in China, Germany, India, and the US.
Key products: ULTRAMOLL III, Durethan A, Durethan B, and Durethan T.
Solvay
Solvay is a chemical manufacturing company, which specializes in the production of polyamides and intermediates, consumer chemicals, specialty polymers, essential chemicals, acetate tow, silica, rare earth systems, and vinyl. It also offers products such as barium, strontium, calcium chloride, caustic soda, and specialty polymers.
Key products: RHODIACID AGS DIACIDS, RHODIACID DIACIDS TECHNICAL GRADE, and RHODIACID DIACIDS TECHNICAL GRADE.
A more detailed analysis is available in the Technavio report, Global Adipic Acid Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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