Adiponitrile Market Statistics
The global adiponitrile market is expected to broaden at a CAGR over 4% between 2022 to 2027.
The covid 19 pandemic had slowed down the growth of the adiponitrile, however as the economies are regaining its position back, so is the adiponitrile market stepping towards expansion in the coming years.
The increasing demand from the electrical and textile industries are expected to drive the global adiponitrile market during the forecast period.
However, the growth of the adiponitrile market is expected to be moderate during the forecast period although its application is found in various industries, predominantly in the automotive sector.
Drivers and Restraints
The increasing production of Hexamethylenediamine (HMDA) for producing polyamide 6,6 (Nylon 6,6) resin uses adiponitrile, which further pushes the growth of the global adiponitrile market.
The growing demand for Nylon 6,6 resin to use them in the interior and exterior of the vehicles in order to reduce the weight and optimize fuel efficiency is expected to expand the global adiponitrile market in the following years.
Further, the rising demand for Nylon 6,6 resin to produce airbags is projected to increase the demand for adiponitrile during the forecast period.
The benefaction properties of Nylon 6,6 resin such as excellent strength, lightweight, and excellent heat resistance are expected to bolster the demand for adiponitrile in the coming years.
Moreover, adiponitrile finds its application in lithium-ion batteries, enamels, coatings, and paints, which helps in improving battery power retention and overall performance. This is predicted to expand the global adiponitrile market during the forecast years.
The slow down in the automotive industry is expected to hamper the growth of the adiponitrile in the coming years.
The covid pandemic has brought down automotive sector on its knees and according to automotive experts it might take at least 4 years to bounce back fully.
Nevertheless, the increasing sales of passenger vehicles are anticipated to drive the expansion of the global adiponitrile market during the forecast period.
Opportunities and Trends
The rising demand for reduction in carbon footprints and stringent government regulations to follow the environmental guidelines are anticipated to boost the growth opportunities for the global adiponitrile market in the following years.
The rising industrialization is expected to stimulate the expansion potential in the global adiponitrile market in the coming years.
Rising urbanization and the need for electricity and modernized vehicles are expected to be the stimulants of expansion of the global adiponitrile market in the following years.
The electrical insulating properties, greater abrasion, and wear and tear resistance properties are anticipated to allow the global adiponitrile market to widen in the forecast years.
Increasing demand for Nylon 6,6 resin in the construction, chemical, and healthcare sectors are foreseen to pave the way for the growth potential in global adiponitrile market.
Further, the rising demand for conveyor belts, floor coverings, coated fabrics, etc. are likely to surge the growth opportunities in the global adiponitrile market during the forecast period.
Product Segment
The global adiponitrile market is bifurcated into application and end-users and both are further segmented.
The application type is segmented into nylon synthesis, HDI, electrolyte solution, and others, however, of all these, the HDI is expected to account for a major share in the market during the forecast period.
The growth of the HDI segment is attributable to its use as an additive in paints, enamels, coatings, and adhesives in order to improvise the end products.
In the production of coatings, HDI improves anti-corrosion, anti-scaling, and improving moisture resistance, thus increasing the demand for the adiponitrile during the forecast period and allowing this segment to grow substantially.
Further, the adiponitrile enhances the battery performance when used as an additive in the electrolytes, thus pushing the global adiponitrile market to swell up in the coming years.
On the basis of the end-users, the global adiponitrile market is segmented into – chemical intermediate, automotive, electricals and electronics, textile, and others.
Among all, the automotive sector is accounted to hold a larger share in the global adiponitrile market during the forecast years, owing to the increased manufacturing of engine covers, radiator tanks, pedal boxes, and many such components.
Earlier, metals were used in these components, which made parts of vehicles bulky, however with the use of adiponitrile the vehicles are much lighter than ever, thus pushing this sector to thrive during the forecast period.
Further properties such as heat resistance, wear resistance, resistance to hydrocarbons, and lubricity are expected to allow the automotive sector to thrive in the forecast years.
Simultaneously, it is evident to note that nylon 6,6 is highly used in industrial yarn, it is being used instead of cotton yarns, polyester, etc.
In the textile industry, the growth of the global adiponitrile is expected to be moderate during the forecast period.
Regional Overview
On the basis of geographical presence, Asia Pacific and Europe are anticipated to grow at a significant pace during the forecast period, owing to increasing demand from automotive and textile industries in the coming few years.
Further, the leading automotive manufacturers are seen shifting their production units to developing economies such as China and India to cut down on production costs and labor costs, thus leading to the expansion of this region in the global adiponitrile market in the forthcoming years.
Growing urbanization and increased sales of passenger vehicles in the region is projected to bolster the demand for adiponitrile during the forecast years.
Alternatively, the global adiponitrile market was previously dominated by North America, the growth in the region can be attributable to the presence of major players, the highest consumption of nylon 6,6 due to the manufacturing of auto parts.
Major automotive players such as Tesla, Chevrolet, and Ford are expected to provide significant growth to the adiponitrile in the following years due to the rising demand for electric vehicles in the region.
Alongside, Europe is also expected to witness a surge in the demand for adiponitrile during the forecast period, in Europe, UK and Germany use nylon 6,6 abundantly for the making of airbags, engine covers, tires, etc, thus stimulating the expansion of the global adiponitrile market in the coming years.
Competitive Landscape
The global adiponitrile market is consolidated in nature and highly competitive in nature, many major players are focusing on expansion strategies such as collaborations, partnerships, mergers, etc.
Some of the key players in the global adiponitrile market include-
- LG Chem
- Dupont
- Rhodia group
- Solvay
- China Petroleum & Chemical Corporation
- Evonik Industries
- The Dow chemical Company
- JSR Corporation
- Royal Dutch Shell
- Saudi Basic Industries Corporation
Applications Disposition (USD Revenues in Millions)
- Nylon Synthesis
- HDI
- Electrolyte Solution
- Others
End Users Disposition (USD Revenues in Millions)
- Chemical Intermediate
- Automotive
- Electricals and Electronics
- Textile
- OthersÂ
Regional Disposition
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Frequently Asked Questions
- How would be the growth of the global adiponitrile market during the forecast period?
- What are the factors that will drive the adiponitrile market in the following years?
- Which region is expected to witness a huge growth in the coming years and what could lead the region to thrive during the forecast period?
- What type of product will witness a huge demand in the coming years?
- Which end user segment is expected to grow in the forecast years and why?
Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Adiponitrile Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Adiponitrile Market Analysis 2017-2021 and Forecast 2022-2032, By Applications Disposition
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Applications Disposition, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Applications Disposition, 2022-2032
5.3.1. Nylon Synthesis
5.3.2. HDI
5.3.3. Electrolyte Solution
5.3.4. Others
5.4. Y-o-Y Growth Trend Analysis By Applications Disposition, 2017-2021
5.5. Absolute $ Opportunity Analysis By Applications Disposition, 2022-2032
6. Global Adiponitrile Market Analysis 2017-2021 and Forecast 2022-2032, By End Users Disposition
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By End Users Disposition, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By End Users Disposition, 2022-2032
6.3.1. Chemical Intermediate
6.3.2. Automotive
6.3.3. Electricals and Electronics
6.3.4. Textile
6.3.5. Others
6.4. Y-o-Y Growth Trend Analysis By End Users Disposition, 2017-2021
6.5. Absolute $ Opportunity Analysis By End Users Disposition, 2022-2032
7. Global Adiponitrile Market Analysis 2017-2021 and Forecast 2022-2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021
7.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. East Asia
7.3.5. South Asia
7.3.6. Oceania
7.3.7. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Adiponitrile Market Analysis 2017-2021 and Forecast 2022-2032, By Country
8.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
8.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
8.2.1. By Country
8.2.1.1. U.S.
8.2.1.2. Canada
8.2.2. By Applications Disposition
8.2.3. By End Users Disposition
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Applications Disposition
8.3.3. By End Users Disposition
8.4. Key Takeaways
9. Latin America Adiponitrile Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Argentina
9.2.1.4. Chile
9.2.1.5. Peru
9.2.1.6. Rest of Latin America
9.2.2. By Applications Disposition
9.2.3. By End Users Disposition
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Applications Disposition
9.3.3. By End Users Disposition
9.4. Key Takeaways
10. Europe Adiponitrile Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. Italy
10.2.1.3. France
10.2.1.4. U.K.
10.2.1.5. Spain
10.2.1.6. Russia
10.2.1.7. BENELUX
10.2.1.8. Rest of Europe
10.2.2. By Applications Disposition
10.2.3. By End Users Disposition
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Applications Disposition
10.3.3. By End Users Disposition
10.4. Key Takeaways
11. East Asia Adiponitrile Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.2. By Applications Disposition
11.2.3. By End Users Disposition
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Applications Disposition
11.3.3. By End Users Disposition
11.4. Key Takeaways
12. South Asia Adiponitrile Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Thailand
12.2.1.3. Malaysia
12.2.1.4. Indonesia
12.2.1.5. Rest of South Asia
12.2.2. By Applications Disposition
12.2.3. By End Users Disposition
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Applications Disposition
12.3.3. By End Users Disposition
12.4. Key Takeaways
13. Oceania Adiponitrile Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. Australia
13.2.1.2. New Zealand
13.2.2. By Applications Disposition
13.2.3. By End Users Disposition
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Applications Disposition
13.3.3. By End Users Disposition
13.4. Key Takeaways
14. MEA Adiponitrile Market Analysis 2017-2021 and Forecast 2022-2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. GCC
14.2.1.2. Rest of MEA
14.2.2. By Applications Disposition
14.2.3. By End Users Disposition
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Applications Disposition
14.3.3. By End Users Disposition
14.4. Key Takeaways
15. Key Countries Adiponitrile Market Analysis
15.1. U.S.
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2021
15.1.2.1. By Applications Disposition
15.1.2.2. By End Users Disposition
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2021
15.2.2.1. By Applications Disposition
15.2.2.2. By End Users Disposition
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2021
15.3.2.1. By Applications Disposition
15.3.2.2. By End Users Disposition
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2021
15.4.2.1. By Applications Disposition
15.4.2.2. By End Users Disposition
15.5. Argentina
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2021
15.5.2.1. By Applications Disposition
15.5.2.2. By End Users Disposition
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. Â By Regional
16.3.2. Â By Applications Disposition
16.3.3. Â By End Users Disposition
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. LG Chem
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Dupont
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Rhodia group
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Solvay
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. China Petroleum & Chemical Corporation
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Evonik Industries
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. The Dow chemical Company
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. JSR Corporation
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Royal Dutch Shell
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Saudi Basic Industries Corporation
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
Request Free Sample
