Adiponitrile Market

SKU: DMCH629 | Last Updated On: Sep 12 2022 | Available Formats

> Global Adiponitrile Market Expected to reach a high CAGR 5.1% By 2029: DataM Intelligence

Global Adiponitrile Market, By Production Process (Dehydrative amination of adipic acid with NH3, Butadiene hydrocyanation, Direct hydrocyanation, Monsanto EHD process), By Application (Nylon- 66 Production, Li-Ion Batteries, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[195 Pages Report] The Global Adiponitrile Market is expected to grow at a high CAGR of 5.1% during the forecasting period (2022-2029).

  • Adiponitrile is an organic compound with the formula (CH2)4(CN)2. This di-nitrile, a viscous, colorless liquid, is an essential precursor to the polymer nylon-66.

Metrics

Details

Market CAGR

5.1%

Segments Covered

By Production Process, By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Market Drivers and Restraints

  • The market is primarily driven by the increasing usage of Adiponitrile in Nylon-66 production. The demand for Nylon 66 is on the rise because of its high mechanical strength, rigidity, heat, and chemical resistance, which makes it suitable for application in industries like Automotive, Plastics, Electronics, and Textile.
  • The robust growth in the automotive and textile sectors is fuelling the demand for Nylon-66; which in turn is boosting the Adiponitrile market, as Adiponitrile is an essential intermediate in Nylon-66 synthesis.
  • The health and environmental concerns associated with the use of Adiponitrile can hinder the growth of the market during the forecast period.

Industry Analysis

  • The Global Adiponitrile market report segments the market by the production process, and application.
  • Based on the type of production process, the market has been segmented as dehydrative amination of adipic acid with NH3, butadiene hydrocyanation, Direct hydrocyanation, and Monsanto EHD process.
  • Based on the application, the market is segmented into Nylon 66 production, Li-Ion Batteries, and others.
  • Nylon 66 held the largest market share in 2017, and it will continue to dominate the adiponitrile market by application during the forecast period. Adiponitrile is an important intermediate in the production of synthetic fiber. It is used exclusively to make Hexamethylene Diamine (HMDA), of which 92% is used to make nylon 66 fibers and resins. The use of Nylon 66 as an engineering material is growing continuously owing to its excellent abrasion resistance, high melting point, high tensile strength, and efficient elasticity.
  • Its demand is primarily driven by the textile, automotive, and electronics industries. The use of Nylon 66 in automotive components has grown significantly for multiple new applications such as powertrains, electrical components, chassis, trim components, and other vehicle areas.
  • The high-temperature resistance of Nylon 66 has also led to its applications in engines. Also, increasing carbon fiber consumption in the automotive industry will boost the market for adiponitrile during the forecast period. The carbon fiber consumption in the automotive industry was around 11,825 metric tons in 2016 and is estimated to reach 32,708 metric tons by 2025.
  • Adiponitrile also has the potential to be used as a solvent for electrolyte solutions used in high-voltage lithium batteries due to its high anodic and thermal stability.

Geographical Analysis

  • The report segments the market by geographic region which includes North America, South America, Europe, Asia-Pacific, and Others.
  • Asia-Pacific is expected to be the fastest growing region owing to the rapid growth in the textile industry and the strong demand in the automotive sector, especially in countries like India, China, and Japan. China will continue to forge ahead with strong, robust growth in Nylon 66 applications, and with strong growth expected for Adiponitrile over the next few years.
  • The high capital investments by the key players in the region are fuelling the growth of the market in the country. Recently, In August 2018 INVISTA announced its plan to invest more than 1 billion in a new manufacturing facility for Adiponitrile (ADN) in China. The company has spent more than 600 million in China over the past five years to boost its presence in the country’s nylon market.
  • North America is expected to witness substantial growth primarily due to the increasing demand for Nylon 66, especially in the automotive and plastics sector. The US is only second to China in car manufacturing. Also, the rising demand for Adiponitrile as a corrosion inhibitor will contribute to higher consumption in this region.

Competitive Analysis

  • The Global Adiponitrile market report profiles the following companies - DuPont, INVISTA, BASF, Solvay, Ineos, Rhodia Group, Evonik Industries, JSR Corporation, LyondellBasell Industries, Braskem, and Royal Dutch Shell.

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