ADIPIC ACID MARKET ANALYSIS

Regional Analysis

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North America has dominated the global adipic acid market for many years owing to robust demand from the region's well-established end-use industries. The region is expected to account for 41.2% of the market share in 2024. The region is home to several major automobile manufacturers that require adipic acid for producing nylon which is used in various interior and exterior automotive parts. In addition, North America has significant presence of textile and carpet industries that utilize nylon produced from adipic acid. Many adipic acid producers have established production facilities as well as supply chain networks in the region to cater to the stable demand. The availability of raw materials along with ease of logistics and transportation further strengthens North America's position as a market leader.

However, over the past decade Asia Pacific has emerged as the fastest growing regional market for adipic acid. With expanding GDP and growing population, countries like China and India have seen rapid industrialization which is fueling demand for various end-use products that use adipic acid. The rapidly developing automobile and textile sectors particularly in China have boosted Asia Pacific's share in the global adipic acid consumption. Additionally, the region is witnessing heavy investments from adipic acid manufacturers to set up or expand production units. This is allowing the region to become more self-sufficient and less import-dependent. The strategic location of Asia Pacific makes it an attractive hub for serving the increasing local as well as exports demand. Relative availability of raw materials, affordable labor, and supportive government policies have made the region a manufacturing powerhouse for adipic acid. These factors combined with projected economic growth indicate Asia Pacific will continue dominating market trends going forward.