Adiponitrile Market Size to Boost USD 16.92 Billion By 2032 | CAGR 7.5% - Published by Emergen Research

The global Adiponitrile Market size was USD 9.72 Billion in 2022 and is expected to register a revenue CAGR of 7.5% during the forecast period. Rising demand from the automotive industry, growing adoption of adiponitrile in the composition of battery electrolytes and rising demand for Nylon 6,6 are some of the factors expected to drive the market revenue growth.

The Adiponitrile market is witnessing significant growth globally, driven by its extensive applications in various industries such as automotive, textile, and electronics. Adiponitrile, also known as hexanedinitrile, is a chemical compound primarily used as a precursor in the production of nylon 6,6, which finds widespread usage in the manufacturing of fibers, plastics, and engineering resins. The market for Adiponitrile is propelled by the escalating demand for nylon 6,6, particularly in emerging economies, coupled with advancements in production technologies and increasing investments in research and development.

 The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Drivers of the Adiponitrile Market :

One of the primary drivers propelling the Adiponitrile Market is the booming automotive sector. With the increasing demand for lightweight and durable materials in vehicle manufacturing, the need for nylon 66, derived from adiponitrile, has surged. Additionally, the expanding textile industry, particularly in emerging economies, contributes significantly to the demand for adiponitrile, as nylon fibers are widely utilized in clothing, carpets, and other textile applications.

Restraints and Challenges

Despite its promising growth trajectory, the Adiponitrile Market faces certain restraints that may impede its expansion. One such challenge is the volatility in raw material prices, particularly for adipic acid, which directly impacts the production cost of adiponitrile. Moreover, stringent environmental regulations regarding the manufacturing process of adiponitrile pose a challenge for market players in terms of compliance and sustainability.

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The report also discusses the key players involved in the market such as:

BASF SE, Braskem, China Petroleum & Chemical Corporation, Dupont, Evonik Industries. LG Chem. Lyondellbasell Industries Holdings B.V., Vizagchemical.com, Solvay, DOW, JSR Corporation, Royal Dutch Shell, SABIC, Ineos, Krishida Chemical Co. Ltd, Invista, Butachimie, Ascend Performance Materials, ThermoFisher Chemicals and Spectrum Chemical

The report provides a thorough estimation of the overall impact of the pandemic on the Adiponitrile Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Adiponitrile Market

Adiponitrile Latest Industry News

On 25 November 2022, INVISTA Nylon Chemical Company (China) held a groundbreaking ceremony for a new Adiponitrile (ADN) plant in Shanghai Chemical Industry Park (SCIP). As an important part of INVISTA's integrated nylon 6.6 value chain, the factory has an investment of more than 7 billion RMB (more than 1 billion USD), has a capacity of 400,000 tons/year, and is the largest investment project in China. company history. The plant will further enhance local nylon 6,6 production capacity and help accelerate high-quality innovation in China's chemical industry.

On 07 December 2022, INEOS and SINOPEC announced a new joint venture agreement under which INEOS will acquire a 50% stake in the existing Tianjin Nangang ethylene project from SINOPEC. The project is currently building a 1.2-million-ton ethane cracker, expected to be operational by the end of 2023, as well as downstream product plants in Tianjin, China. A series of sub-units are under construction at the complex, including a 300 ktpa ABS (acrylonitrile butadiene styrene) plant and a 500 ktpa HDPE (high-density polyethylene) plant announced by INEOS and SINOPEC in July.

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Adiponitrile Market Segment Analysis :

For the purpose of this report, Emergen Research has segmented the global adiponitrile market on the basis of product, production, application, end-use, and region:

Product Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
Nylon Synthesis
Electrolyte Synthesis
Production Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
Hydrocyanation of butadiene
Electrochemical hydrodimerization of adiponitrile
Others
Application Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
Nylon Synthesis
HDI
Solvents
Specialty Polymers
Fuel Additives
Pharmaceuticals
Others
End-Use Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
Chemical
Medical
Electronics
Personal Care
Automobile
Textile
Others
Regional Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA

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