Adiponitrile Market CAGR of 4.5%, Market Trends – The rising demand for Adiponitrile in the Automotive sector 2028

Reports and Data estimates the global Adiponitrile competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Adiponitrile during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include 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.

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Adiponitrile Overview :-

The compound is also known as Hexanedinitrile, Tetramethylene dicyanid, and molecular formula of C6H8N2. The molecular weight of the chemical is 108.141 g/mol. It is combustible, and on burning, it produces hydrogen cyanide. One of the major use of Hexanedinitrile is to make hexamethylene diamine (HMDA). 92% of the total HMDA produced from Hexanedinitrile is used to make resins and nylon 6,6 fibers. Most Hexanedinitrile production is applied captively. It can be made from acrylonitrile or butadiene. Thus, the applicability of this chemical in manufacturing nylon for the use in various industries like automotive sector and textile industry, which are continuously expansion, is spurring the expansion of the industry.Though various supporting factors are fostering the growth of the sector, adverse factors like it reacts aggressively with strong oxidants, exposure to it can result in unconsciousness, convulsions and may be fatal, i.e. major negative health impacts may have a retarding impact on the expansion of the sector. In regards to region, North America can be seen to hold a dominant position in the industry. The market position held by the region is attributed to the fact that countries within the region like U.S. is a prominent manufacturer of the chemical and dominant automotive manufacturing companies like General Motors, Ford are situated in this region, which is supporting the expansion of the market in this region.

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For the purpose of this report Reports and Data has segmented global Adiponitrile market on the basis of type, application, and region:

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

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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 Key Questions answered by the Report:

  • What is the expected year-on-year growth of the Adiponitrile during the forecast period?
  • What key trends are expected influence revenue growth of the market going ahead?
  • Which region is expected to account for largest revenue share over the forecast period?
  • Which key companies are profiled in the report?

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