The import of adipic acid to Canada is projected to steadily increase from 134.89 million USD in 2024 to 144.93 million USD by 2028. Compared to the 2023 figures, such imports facilitate understanding the ongoing growth in the Canadian chemical industry's demand.
The year-on-year increase in imports indicates a moderate, consistent rise, reflective of robust demand from industries that utilize adipic acid, such as the production of nylon and other industrial fibers.
- Between 2024 and 2028, the imports show an incremental annual rise, highlighting a healthy growth trajectory in line with industrial expansion.
Future trends to monitor include the impact of global adipic acid supply, sustainability initiatives in the chemical industry, and potential shifts in manufacturing locations which could affect Canada's dependency on imports. Carefully observing these trends will be crucial for anticipating market changes and strategizing accordingly.
