Adipate Market

Adipate Market Growth Outlook (2023 to 2033)

The global adipate market is set to reach a valuation of US$ 3.6 billion in 2023 and it is expected to grow at a CAGR of 5.1% to reach US$ 5.9 billion by the end of 2033.

The global adipate market is expected to grow in the coming years due to increasing demand from end-use industries such as construction, automotive, and consumer goods. The growing trend towards bio-based and sustainable chemicals, with manufacturers investing in research and development to develop more environmentally friendly adipate products, is likely to drive the demand for the adipate market.

Report Attributes	Details
Adipate Market Size (2022A)	US$ 3.4 Billion
Estimated Market Value (2023E)	US$ 3.6 Billion
Forecasted Market Value (2033F)	US$ 5.9 Billion
Global Market Growth Rate (2023-2033)	5.1%
North America Market Share (2023)	16.5%
East Asia Market Growth Rate (2023-2033)	5.7%
Europe Market Growth Rate (2023-2033)	4.3
East Asia Market Share (2023)	31.3%
Key Companies Profiled	BASF SE Eastman Chemical Company Exxon Mobil Corporation Fengchen Group Co., Ltd Hallstar Industrial Mitsubishi Chemical Corporation Lanxess Chemicals

Sales Analysis of Adipate (2018-2022) Vs. Market Forecast Outlook (2023-2033)

Adipate is a chemical compound used in a variety of applications, including plasticizers, solvents, lubricants, and coatings. Adipate esters are mostly used in cosmetics and personal care product formulations such as bath products, skin fresheners, skin cleansers, moisturizers, and others.

The growing use of adipates in the pharmaceutical industry, particularly for controlled-release drug formulations, is expected to contribute to the market's growth. Adipates are used as excipients in the production of controlled-release drug formulations, which are increasingly being developed to improve drug efficacy and patient compliance. Moreover, the increasing focus on sustainable and eco-friendly plasticizers is also expected to drive the demand for adipates.

• Short Term (2023-2026): Escalating demand for adipate as a plasticizer and its increasing use in personal care and cosmetic product formulations is likely to drive the market.
• Medium Term (2026-2029): Asia Pacific and Europe are anticipated to witness high adipate demand on the back of the growing population and governmental policies to promote the use of non-toxic and environmentally friendly chemicals.
• Long Term (2029-2033): Utilization of adipates as a raw material for medical devices production, and its growing utilization as an acidulating agent for the production of processed food products will drive adipate demand in the long run.

According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 5.1% CAGR between 2023 and 2033.

Market share analysis of adipate based on product type and region is provided in a nutshell in the above image. Under the product type segment, the adipate esters segment dominates with an 84.0% market share in 2023.

Market Dynamics Overview

“Growing Demand in Personal Care and Cosmetics Product Formulation”

The demand for adipate in personal care and cosmetics product formulation is growing due to the unique properties that make it a valuable ingredient in these applications. Adipate esters, such as diethylhexyl adipate (DEHA), are commonly used as emollients, which help to soften and moisturize the skin. They are also used as solvents and carriers for active ingredients in a wide range of cosmetic and personal care products, including lotions, creams, sunscreens, and hair care products.

Adipate esters are highly versatile and can be used to create a wide range of textures and formulations, from light and non-greasy to heavy and nourishing. They are also highly stable and can be used in products that require a long shelf life. In addition, adipate esters are compatible with a wide range of other cosmetic ingredients, making them a popular choice for formulators.

Also, the demand for adipate in personal care and cosmetics product formulation is the growing trend toward more natural and sustainable ingredients. Adipate esters are derived from natural sources such as plant oils, and are biodegradable and non-toxic, making them an attractive option for consumers who are seeking eco-friendlier products.

Hence, the overall demand for adipate in personal care and cosmetics product formulation is likely to continue growing as demand for effective and environmentally friendly products increases.

“Concerns Over Environmental Sustainability Hampering the Market Growth”

The adipate market, which produces adipic acid and its derivatives, may face several potential constraints that could affect its growth in the long run. One of the primary factors that could impact the market is the increasing concern over environmental sustainability and the need to reduce carbon footprint.

Adipic acid is primarily used in the production of nylon 6,6, a widely used synthetic polymer that is commonly used in the manufacture of textiles, automotive components, and other industrial products. The production of adipic acid involves the use of large amounts of nitrous oxide, which is a potent greenhouse gas that contributes to climate change.

In addition, the adipate market may also face competition from alternative materials and technologies. For example, the increasing use of bio-based polymers and other sustainable materials in various applications could potentially reduce the demand for nylon 6,6 and other adipate-based products.

Country-wise Insights

Why is the Adipate Market in India Considered Profitable?

The demand for adipate esters in India is growing, driven by the increasing use of non-phthalate plasticizers in various industries, including automotive, construction, and packaging. India has a large population, which creates a significant market for personal care and cosmetic products that use adipate esters as ingredients.

India is an emerging economy with a rapidly growing middle class and increasing disposable income, which is driving demand for high-quality consumer products that use adipate esters.

These factors make the Indian market an attractive opportunity for adipate manufacturers, and several global players have already established a presence in India or are actively seeking to enter the market.

Will Growing Cosmetics & Personal Care Industry in France Benefit Adipate Market Growth?

There is a growing demand for non-phthalate plasticizers in France, which is driving demand for adipate esters. This is due to concerns about the toxicity and environmental impact of traditional phthalate-based plasticizers.

The personal care and cosmetics industry is also a significant market for adipate esters in France. According to a report by Business France, the French cosmetics market is expected to reach US$ 25.3 billion by 2023, creating opportunities for manufacturers of adipate esters that are used as ingredients in personal care and cosmetic products.

Adipate esters are used in a wide range of industries, including coatings, adhesives, and personal care products. France has a strong presence in these industries, which creates opportunities for manufacturers of adipate esters to supply these markets.

Overall, the adipate market in France is expected to continue to grow in the long run, driven by these factors, as well as the increasing demand for high-performance and sustainable chemicals in various industries.

Category-wise Insights

Why there is a Sharp Increase in the Demand for Dimethyl Adipate?

Dimethyl adipate esters are gaining traction due to their unique properties and versatile applications. Dimethyl adipate (DMA) is an adipate ester that is used as a solvent and plasticizer in various industries, including coatings, adhesives, and personal care products.

DMA esters are biodegradable and have a low potential for bioaccumulation, making them an attractive option for formulators who are looking for more sustainable and environmentally-friendly ingredients. DMA esters are also non-flammable, which makes them safer to handle than many other solvents and plasticizers.

Why is Adipate Extensively Used as Plasticizers?

Adipate esters, such as diisononyl adipate (DINA) and dioctyl adipate (DOA), are commonly used as plasticizers to improve the flexibility, durability, and processing properties of various types of polymers and plastics.

One reason for the growing demand for adipate as a plasticizer is its low volatility, which makes it a stable and long-lasting additive for many types of plastic formulations. Adipate esters are also highly compatible with a wide range of other plasticizers, which allows formulators to create customized blends that meet specific performance requirements.

The versatility of adipate esters as plasticizers has led to their use in a wide range of applications, including wire and cable insulation, automotive components, flooring, and food packaging. With the continued growth of these industries, the demand for adipate as a plasticizer is expected to continue to increase in the coming years.

Competitive Landscape

Prominent adipate manufacturers are Aarti Industries Ltd., Atman Kimya, BASF SE, Eastman Chemical Company, Exxon Mobil Corporation, Fengchen Group Co., Ltd, Haihang Industry, Hallstar Industrial, Matangi Industries, Mitsubishi Chemical Corporation, New Japan Chemical Co., Ltd., Seqens, and Lanxess Chemicals.

Many manufacturers are investing in research and development to create new and improved adipate products that offer better performance, sustainability, and safety. The world’s leading manufacturers of adipate are focusing on increasing their production capacity. Adipate manufacturers are increasingly focusing on sustainability, developing products that are more environmentally friendly and have lower toxicity. This helps them to meet the growing demand for sustainable products and gain a competitive edge.

• In August 2021, Arkema announced the acquisition of Polinox, a leading producer of polymers and additives in Brazil. The acquisition is expected to strengthen Arkema's position in the Latin American market for plastic additives, including adipates.
• In September 2021, Eastman Chemical Company announced that it had completed the expansion of its plasticizer manufacturing facility in Texas, which will increase its capacity for non-phthalate plasticizers, including adipate esters.
• In October 2021, the European Commission approved the use of adipic acid as a feedstock for the production of bio-based succinic acid, which can be used to produce adipate esters and other chemicals.

Fact.MR has provided detailed information about the price points of key manufacturers of adipate positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Adipate Industry Research

• By Product Type :

  • Adipate Salts
    • Sodium
    • Potassium
  • Adipate Esters
    • Dimethyl
    • Dioctyl
    • Diisopropyl
    • Bis (2-ethylhexyl)
    • Others

• By Function :

  • Plasticizer
  • Solvent
  • Lubricant
  • Emollient
  • Acidity Regulator
  • Flavouring Agent

• By Application :

  • Personal Care & Cosmetic Products Formulation
    • Perfumes and Colognes
    • Bath Products
    • Skin Fresheners
    • Skin Cleansers
    • Moisturizers
    • Others (lipsticks, aftershave lotions, etc.)
  • Agrochemicals Production
  • PVC Production
  • Films Production
    • Food Packaging film
    • Agricultural Film
  • Food Processing
  • Plastic & Rubber Products Manufacturing
  • Mineral Products Manufacturing
    • Cement
    • Plasters
  • Paint Stripper Formulations
  • Others (coatings to the wire & cable etc.)

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa