Adipic acid is an organic compound with the chemical formula- C6H10O. It stays in the form of crystalline powder and is white in colour. It has a high melting point of 153⁰ C. It has four methyl groups and two carboxyl groups on its ends (each with one carboxyl group, hence an acid). It is also called Acedionic acid.
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Bio-adipic acid or bio-based adipic acids are relatively newer than conventional Adipic acid. Here, the feedstock of its synthesis is a Bio-product, such as Glucose, and not any conventional chemical, such as Benzene. For instance, the catalytic conversion of Glucose for the synthesis of Glucose was conducted by Rennovia. Similarly, Genomatica introduced the first microorganisms first in the year 2015.
Key Details About the Bio-Adipic Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Bio-Adipic Acid price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Bio-Adipic Acid price chart, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Bio-Adipic Acid Price Trend:
Adipic acid is a prime constituent of Nylon; hence, Nylon-based textile industries heavily rely upon it. Adipic acid is employed as a flavouring agent in food sector.
Medicines and drugs are primarily adding Adipic acid as doing so tends to slow down the speed of dissolution of drugs, hence increasing the longevity of the drug effect. It, thus, is one of the key constituents of the pharmaceutical industry as a whole.
Key Market Players:
- DSM
- Genomatica
- Bio-Amber
News and Events:
- August 24, 2022 - Bio-Adipic Acid market is likely to take a leap at a whooping USD 5630.61 million by 2028. Increasing awareness and health consciousness is credited to be the reason behind this.
- March 11, 2022 - The prices of Adipic acid see a sharp decline after a substantial hike in the prices in February. Although, the price of Adipic acid witnessed a strong surge in early February shooting up above USD 2200 per MT mark, there’s a steep decline after February.
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