Market Overview

According to the latest updates, the global adiponitrile market is anticipated to grow at a significant CAGR of 5.5% during the forecast period 2023–2027.

Adiponitrile is also called hexamethylenediamine which is a colorless organic liquid compound that has the molecular formula C8H8N2. Due to its high mechanical strength, it is preferred in the conveyor belt, nylon 66, electro insulating elements, and carpet fibers. It is used as an intermediator in the manufacturing process of corrosion inhibitors and rubber accelerators to a less extent. DuPont discovers the common industrial route that involves nickel-catalyzed hydrocyanation of butadiene to produce adiponitrile. Nylon 6–6 is fabricated by hydrogenating adiponitrile. It is lightweight and waterproof which makes it suitable for swim-wear. This is a good substitute for Nylon 6 that is used in various applications like automotive, ropes, musical instrument strings, tire cords, and others. Adiponitrile is also used in the production of lithium-ion batteries, paints coatings, and enamels.

Due to its superior properties like chemical resistance, tensile strength, heat resistance, and abrasion resistance, it is highly demanded in the automotive and transportation industries for various applications. Rising demand for the product in fiber and plastic applications is anticipated to grow in the market in the review period. Growing the textile and chemicals is predicted to fuel the market growth. Moreover, the rising production of adipic acid makes it ideal to use as an application in polyurethane, footwear, thermal insulation, and auto seating is projected to propel the market growth.

The adiponitrile market opportunities are using the product for nascent chemical research lines may boost the market growth.

Market Segmentation

The adiponitrile market is analyzed into product type and application.

Product Type Segmentation: The adiponitrile market based on the product type is sectioned into polyurethane, nylon 6–6, fiber, nylon 6–6 resin, adipate esters, and others.

Application Segmentation: Based on the application, the adiponitrile market is partitioned into various forms such as chemical, personal care, medical, electronics, automobile, textile, and others.

Regional Analysis

Based on the recent report, the adiponitrile market is regionally divided into five major regions such as Asia-Pacific, North America, Latin America, Europe, and the Middle East Africa. Among them, Asia-Pacific is leading the highest market share due to the rising growth of end-use industries in China and India. Moreover, the rise in the various end-use industries like medical, personal care, and electronics is anticipated to escalate the market growth in this region. North America is predicted to grow at a significant growth in the assessment period due to the rise in end-use industries like chemical, personal care, automobile, and textile in the emerging countries like US and Canada. Furthermore, higher consumption of polymer in various applications is expected to fuel the product demand in this region.

The adiponitrile market key players are Sinopec, LG Chem, BASF SE, Evonik Industries, DowDuPont, Royal Dutch Shell, SABIC, JSR Corporation, and others.

Drivers

One of the key drivers of the adiponitrile market is the increasing demand for nylon, which is one of the most widely used synthetic fibers in the world. Nylon is highly durable, strong, and lightweight, making it ideal for use in a variety of applications. The demand for nylon is driven by the growing population and increasing disposable income, which is leading to increased demand for clothing, carpets, and other nylon-based products.

Another important factor driving the growth of the adiponitrile market is the development of new and improved manufacturing processes. Many companies are investing heavily in research and development in order to develop more efficient and cost-effective methods for producing adiponitrile and other nylon precursors.

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

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