Adipic Acid price February 2024 and outlook (see chart below)
- North America:US$2.15/KG, -1.8% down
- Europe:US$1.94/KG, 0.5% up
- Northeast Asia:US$1.36/KG, 2.3% up
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Adipic Acid price index
This post is a summary of the adipic acid price developments. The price developments of adipic acid are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Adipic acid price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for adipic acid prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of adipic acid prices
- Recent price developments of underlying feedstocks which drive the price of adipic acid
- Market futures for both cost drives and feedstocks of adipic acid prices
- Adjustment of current supply/demand imbalances in the adipic acid market
- Longer term trends in likely demand conditions
Further information on the Adipic Acid price index
What is Adipic acid
Adipic acid is a white, crystalline solid with a sour, acidic taste. It is a dicarboxylic acid, which means that it contains two carboxyl groups (-COOH) per molecule. Adipic acid is highly reactive and readily polymerizes, or combines with itself, to form a variety of polymers.
Adipic acid is used in the production of a wide range of products, including plastics, fibers, resins, and coatings. It is also used in the production of detergents, emulsion polymers, and adhesives. Adipic acid is used in the food industry as a food additive and is also used in the production of personal care products such as shampoos and lotions.
Adipic acid is a toxic compound and can be harmful if inhaled or ingested. It can cause irritation to the eyes, skin, and respiratory system, and it is classified as a hazardous substance. It should be handled with caution and appropriate safety measures should be taken when working with it.
How is adipic acid produced
Adipic acid is produced through the oxidation of cyclohexane, a hydrocarbon, using oxygen or air as the oxidizing agent. This process is known as the oxidation of cyclohexane and takes place at high temperatures and pressures in the presence of a catalyst, such as vanadium pentoxide or molybdenum oxide.
The oxidation of cyclohexane is the most common method for producing adipic acid, but it can also be produced through the hydrolysis of caprolactam or the oxidation of cyclohexanol.
Overall, the production of adipic acid involves chemical reactions that convert raw materials into the final product. The specific process used depends on the availability of raw materials and the desired end product.
What is adipic acid used for
Adipic acid is a versatile chemical that is used in the production of a wide range of products. Some common uses of adipic acid include:
Adipic acid is used in the production of polyurethane, a type of plastic used in a variety of applications, including the manufacturing of foam products such as insulation, cushions, and pillows.
Adipic acid is used in the production of nylon, a synthetic fiber used in a variety of applications, including clothing and other textile products.
Adipic acid is used in the production of resins, which are used as binders in coatings, adhesives, and other products.
Adipic acid is used in the production of detergents and cleaning agents.
Adipic acid is used in the production of emulsion polymers, which are used in a variety of products including paints, coatings, and adhesives.
Personal care products
Adipic acid is used in the production of personal care products such as shampoos and lotions.
Overall, adipic acid has a wide range of uses due to its chemical stability and ability to react with other substances to form a variety of products.
How big is the adipic acid market
It is difficult to estimate the size of the global adipic acid market as a whole, as it is used in a variety of industries and applications. However, adipic acid is an important chemical and is widely used in the production of a variety of products. According to some estimates, the global adipic acid market was valued at around $7.4 billion in 2019 and is expected to grow at a compound annual growth rate of around 4.5% from 2020 to 2025. The growth of the adipic acid market is driven by factors such as increasing demand for adipic acid in the production of plastics and other products, as well as growing demand for adipic acid in the construction and personal care industries.
According to https://oec.world/ :
Adipic acid, its salts & esters are the world’s 1920th most traded product.
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