Hexanedioic Acid Market Definition
The hexanedioic acid market is an integral branch of the specialty chemicals industry. This industry deals in the manufacturing and distribution of adipic acids across the world. These organic compounds are denoted by a molecular formula of (CH2)4(COOH)2 and a molecular weight of 146.14g/mol. There are several purity grades of hexanedioic acid available in the market, including industrial grade, pharmaceutical grade, and some others. This market is expected to rise significantly with the growth in the chemicals and materials industry around the globe.
The application of these compounds has increased rapidly in the chemical sector, and the production of nylon 6-6, polyurethanes, plasticizers, polyester polyols, and some others has boosted market growth. Also, the rising usage of adipic acid in manufacturing coatings, adhesives, fibers, yarns, and some others is crucial for industrial expansion. Moreover, the upsurge in demand for these compounds in several industries, such as automotive, textile, electronics, consumer goods, and some others, is anticipated to boost the growth of the hexanedioic acid market. The rising emphasis on sustainable manufacturing processes along with rapid adoption of polyurethane in the furniture industry is expected to create ample opportunities for the market players in the future.
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