Adiponitrile Market Overview:
The global adiponitrile market is expected to grow strongly during the forecast period due to its increasing use in nylon 6-6 production. Adiponitrile is a colorless organic liquid compound used for the synthesis of hexamethylenediamine, which is used for the production of 6-6 nylon polymer. Adiponitrile is commonly prepared by butadiene hydrocyanation using nickel as a catalyst.
The compound is hydrogenated to form hexamethylenediamine, which also contributes to the formation of nylon6.6. In addition, nylon 6-6 is waterproof and light, finding many applications in the swimsuit, which should stimulate the consumption of adiponitrile during the next seven years. The increased demand for adiponitrile due to increased mechanical strength and higher temperature will likely increase market growth during the forecast period.
Adiponitrile Market Value Study:
The global Adiponitrile Market was valued at USD XX.XX million in 2017 and is expected to reach USD XX.XX million in 2022, with a CAGR of X.X% during the forecast period.
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Adiponitrile Market Drivers and Restraints:
It is expected that the increasing use of adiponitrile in the plastics, fibers and textiles industries will stimulate market demand during the forecast period. In addition, the growing demand for nylon 6-6 in the plastics and automotive sectors will be the main driver of the growing demand during the projection period. However, environmental and health concerns related to adiponitrile should limit market growth during the forecast period. In addition, fluctuations in butadiene prices due to changes in natural gas prices are expected to limit market growth in the next seven years.
Detailed Segmentation Study of the Market:
Adiponitrile Market Study – By Type:
Adiponitrile Market Study – By Application:
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Adiponitrile Market Regional Growth Analysis:
It is expected that the growing use of engineering resins will stimulate demand over the next few years. The growth of the transportation sector, particularly in the Asia-Pacific region, will increase market growth due to its use in tire ropes. North America is expected to experience substantial growth during the forecast period due to the boom in the automotive and plastics sector, particularly in the United States. In addition, it is expected that the growing demand as an inhibitor of corrosion will contribute to the increase of consumption in the region.
The Asia-Pacific region will experience strong growth over the forecast years owing to the rapid growth of the textile industry and the strong demand for tire cables, particularly in India and China. In addition, the rapid development of the automotive sector in China is expected to increase adiponitrile consumption in the future.
Europe is expected to experience substantial growth over the following seven years due to the growth of the automotive sector in several countries, including Sweden, Italy and Germany. In addition, the increased consumption of carpets and fiber products is expected to stimulate the growth of demand during the forecast period. Latin America and MEA will offer many opportunities for growth due to the increasing demand of the industrial sector, consumption of conveyor belts, tire ropes and electrical insulation materials.
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Adiponitrile Market Geographic Segmentation:
Major Key playes in Adiponitrile Market:
Some of the prominent players of the market include Dupont, Solvay, Rhodia group, Invista, BASF, Lyondellbasell Industries, LG Chem, INEOS, China Petroleum & Chemical Corporation, Braskem, Evonik Industries, The Dow chemical company, JSR Corporation, Royal Dutch Shell and Saudi Basic Industries Corporation among others.
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