The adipic acid market in Italy exhibited fluctuating trends from 2013 to 2023. Notable were dips in 2014, 2019, and 2020, contrasted with sharp increases, especially in 2021. By 2023, the market size volume grew to 162.74 Million Kilograms, showing a 2.26% year-on-year increase from 2022, and a 1.23% CAGR over the last five years.
Future trends to watch for include:
- Shifts in the automotive and textile industries, large consumers of adipic acid.
- Increased focus on sustainable and bio-based alternatives due to environmental concerns.
- Technological innovations impacting production efficiency and cost.