The adipic acid market in the UK is projected to expand from 17.076 million Euros in 2024 to 17.467 million Euros by 2028. The market is experiencing modest growth year-on-year, with a relatively consistent increase in value each year. In 2023, the actual market size was the baseline for these projections, which suggests steady demand in the sector. The yearly variation indicates strengthening but stable growth, predominantly influenced by steady demand in applications like nylon production.
Future trends to watch for include:
- Advancements in sustainable and bio-based adipic acid.
- Shifts in global trading dynamics post-Brexit affecting supply chains.
- Emergence of new technologies in the textile and automotive sectors driving demand.