Global adiponitrile market revenue totaled US$ 9.65 billion in 2021. The market is expected to reach a valuation of US$ 18.2 billion by 2032, rising at a CAGR of 6.2% over the decade.
Demand for nylon synthesis is projected to increase at a higher CAGR of 6.7% from 2022 to 2032. Widespread usage of nylon synthesis, which has qualities such as high tensile strength, higher friction and abrasion resistance, fuel and oil resistance, electrical insulating properties, and corrosion resistant, has driven up demand for adiponitrile across the world.
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Increasing Demand for Battery Electric Vehicles and Expanding Use in the Textile and Healthcare Sectors
During the course of the projection period, the market for adiponitrile will rise as a result of both developed and developing countries switching to electric vehicles. The need for auto parts is increasing as a result of the increase in vehicle production, which will propel the market for adiponitrile upward.
Applications for rugs, mats, and garment fibres are anticipated to increase in the future due to the strengthening of the textile sector. The demand for adiponitrile in the upcoming years will almost certainly be significantly influenced by this.
Adiponitrile is increasingly used in the healthcare and textile industries, which is driving up demand for it.
Competitive Landscape
Top companies in the adiponitrile market use new product launches, acquisitions, and R&D activities as important strategies. Many adiponitrile producers are working to improve their manufacturing efficiency across all formats.
For instance :
- In January 2020, BASF purchased Solvay’s polyamide division. This acquisition will help the company expand its industrial plastics options for autonomous driving and e-mobility systems.
Key Companies Profiled:
- Ascend Performance Materials
- INVISTA
- Thermo Fisher Scientific
- Asahi Kasei Corp.
- Merck
- Acros Orhanixs BVBA
- Alfa Aesar
- Spectrum Chemical Mfg. Corp.
- Vizag Chemical International
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Key Questions Covered in the Adiponitrile Market Report
- What is the projected value of the Adiponitrile factors Industry in 2022?
- At what rate will the global Adiponitrile factors market size grow until 2032?
- Which are the factors hampering the growth of Adiponitrile factors?
- Which region is expected to lead in the global Adiponitrile factors market By 2032?
- Which are the factors driving the Adiponitrile factors Industry during the forecast period?
- What is the expected market value of the Adiponitrile factors market during the forecast period?
Regional Analysis For Adiponitrile Market:
- APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (USA, Canada and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, United Arab Emirates, South Africa)
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