The expansion of the automotive and the continuous growth of the textile industry have resulted in boosting the Adiponitrile market. 

The Global Adiponitrile Market is forecast to reach USD 12.65 Billion by 2028, according to a new report by Reports and Data. Adiponitrile [ADN] can be described as a fairly soluble, colorless to light yellow liquid, which is less dense as compared to water. The molecular formula of the chemical is C6H8N2 or CN(CH2)4CN. The electrohydrodimerization of Acrylonitrile (ACN) to Adiponitrile is extensively used electro-organic process for the preparation of this chemical. It can be manufactured by direct electrochemical hydrodimerization of Acrylonitrile in a medium that comprises the compound in addition to water and electrolyte salt. It can also be produced from Butadiene. The process of manufacturing the chemical from Butadiene was pioneered by DuPont, which deploys natural gas. Propylene is used in the Acrylonitrile method, which is subjected to the fluctuating price of Propylene. The global demand for the chemical is 1.3m tonne/year. It finds application in various industries like the chemical sector, the automotive industry, the textile sector, which is one of the mentionable factors fostering the expansion of the industry.

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Top Lading Players:

Ascend Performance Materials, Invista, Kishida Chemical Co., Ltd, Butachimie, Thermo Fisher Scientific, Tokyo Chemical Industry, Asahi Kasei Corp., Spectrum Chemical Mfg. Corp, Merck, and Acros Orhanixs BVBA.

Some Key Highlights from the Report:

• The Adiponitrile market held a market share of USD 9,031.5 Million in the year 2020 that is forecasted to grow at a rate of 4.5% during the forecast period.
• In context to Production Process, the electrochemical hydrodimerization of acrylonitrile segment is projected to witness a considerable growth rate of 4.7% during the forecast period, which is expected to occupy more than 40.0% of the market by 2028. The growth rate witnessed by the Electrochemical hydrodimerization of acrylonitrile segment is attributed to the fact that this production process is not dependent on natural gas, the price of which is continuously rising and most of the manufacturers are focusing on reducing the use of non-renewable source of energy, which is resulting in growing popularity of this production process, contributing to the growth rate witnessed by this segment. Manufacturers of the chemical like Asahi Kasei, Solutia, BASF are opting for this process.    
• In context to End-user, the Automotive segment held a significant market share of more than 40.0% in 2020, with a CAGR of 4.6% during the forecast period. The continuous expansion of the automotive sector associated with elevating demand for lightweight and heavy-duty vehicles and associated elevating demand for nylon 6,6 in this sector due to its features like high strength, lightweight, and excellent heat resistance results in high deployment of this chemical in this sector.
• In regards to Application, the Hexamethylene Diisocyantes (HDI) segment is projected to witness a considerable growth rate of 5.3% during the forecast period, which held more than 8.0% of the market by 2028. The growth rate witnessed by the HDI segment is attributed to the growing demand for adhesives, paints, enamels, and coatings for enhancing the properties of end products wherein HDI is used as an additive. In manufacturing HDI, phosgenation of hexamethylenediamine is required wherein ADN is needed, which contributes to the growth rate witnessed by this segment.     

Segments covered in the report:

Production Process Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)

• Hydrocyanation of butadiene
• Electrochemical hydrodimerization of acrylonitrile
• Others

End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)

• Chemical
• Electrical and Electronics
• Automotive
• Textile
• Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)

• Nylon synthesis
• Electrolyte Solution
• Hexamethylene Diisocyantes (HDI)
• Others

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Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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