openPR Logo
Press release

Adiponitrile Market to Witness Huge Growth by 2029 | Invista, Ascend Performance Materials, Butachimie, etc .

03-03-2021 10:28 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Adiponitrile Market

Adiponitrile Market

The adiponitrile market is growing at a CAGR of around 4.5% through 2029, bolstered by a strong demand for polymer nylon 6-6, which finds widespread applications in the production of commodities such as electro-insulation, conveyor belts, and carpet fibers.

To get in-depth information view the report @ https://www.factmr.com/report/4486/adiponitrile-market

The adiponitrile market is also being supported by an upward trajectory in the Asia Pacific region, owing to the easier availability of low cost facilities for production.

The demand for nylon 6-6 is continuing to grow across United States and Europe, owing to its use as a popular resin in engineering applications.

This is particularly true in terms of the demand for tyre cords from the global automotive segment, which is generating a number of lucrative opportunities in the market for the near future.

On the basis of this trend, the sales of adiponitrile are expected to surpass US$ 12 Bn by the end of 2029.

Key Takeaways of Adiponitrile Market Study

Adiponitrile for nylon synthesis applications will hold control over 85% of the global adiponitrile market with a growth of 1.4 x through the forecast period, with a slower rate of growth.

Most end use applications for adiponitrile will be aimed towards the production of automotive components and materials, which will account for ~42% of the global market, necessitated by the high strength and temperature requirements of components such as plug parts, radiator housing, and hydraulic brakes.

Know the COVID-19 Impact, Request for Sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=4486

Developed regions including North America and Europe are displaying a low to average rate of growth, while they cumulatively continue to hold more than 61% shares in the global adiponitrile market.

While the sales of adiponitrile are expected to remain higher in developed regions, countries in the East Asia Region are rapidly gaining traction accounting for ~ 20.6% share in the global market, characterized by a high rate of growth through the forecast period.

Even as automotive applications continue to hold dominance in the adiponitrile market, end use applications in the textiles sector for the production of clothing fiber, rugs, and carpets, will continue to grow throughout the forecast period.

“Hexamethylene diamine has grown strongly in the past five years and remains a significant driving factor. Asia remains hot spot for new investments owing to increasing consumption of engineering resins across the region.”, says the Fact.MR analyst.

Share Your Requirements & Get Customized Reports @ https://www.factmr.com/connectus/sample?flag=RC&rep_id=4486

Competitive Pricing to Intensify Expansion Operations in China

The global adiponitrile market is largely consolidated with prominent players such as Invista, Ascend Performance Materials, and Rhodia accounting for most of the market share.

However, the overall market is currently going through intense competition in terms of pricing strategies.

Consequently, major players are shifting their production facilities to countries in Asia Pacific, particularly in China. This growth is expected to continue with the rising demand for tyre cords.

Find More Valuable Insights on the Adiponitrile Market

Fact.MR, in its new offering, provides a comprehensive analysis of the global adiponitrile market, presenting historical demand data (2014-2018) and complete forecasts for the period, 2019-2029.

Buy Now for Exclusive Analyst Support @ https://www.factmr.com/checkout/4486/S

The study gives out detailed insights on the adiponitrile market on the basis of application (nylon synthesis, hexamethylene diisocyanates (HDI) electrolyte solutions, and others), end-use (chemical intermediate, automotive, electronics, textiles, and others) across seven regions (North America, Latin America, Europe, East Asia, South Asia & Oceania (SAO), and Middle East and Africa).

Visit Our Website: https://www.factmr.com/
Research Insight: https://www.factmr.com/report/4486/adiponitrile-market
Content Source: https://www.factmr.com/media-release/1266/global-adioponitrile-market

Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Adiponitrile Market to Witness Huge Growth by 2029 | Invista, Ascend Performance Materials, Butachimie, etc . here

News-ID: 2251318 • Views: 195

More Releases from Fact.MR

Automotive Lighting Market to Grow at CAGR of 5 % through 2030 to reach a valuat …
The global automotive lighting market is projected to grow at 5% and will be valued at US$ 65 Bn by the end of the forecast period (2020-2030). However, the COVID-19 crisis has impacted the growth trajectory as the demand for automotives has fallen sharply. In the wake of disruption of supply chains and the shutdown of manufacturing plants, the automotive lighting market growth has been profoundly affected. To get in-depth
Polyamines Market Trends and Analysis (2020-2030): Key Market Dynamics and Growt …
Polyamines market is poised to surpass US$ 200 Mn by 2020 and is set to grow at a steady 4% during the forecast period (2020-2030). Polyamines is a key water treatment chemical and coagulant used for treatment of discharged waste water. Though coagulants constitute a major share of the market, shale inhibitors are growing at a faster rate owing to their high demand in oil & gas well explorations. To get
Fused Silica Market Expected to Reach $992 Million by 2030 - Fact.MR
The global fused silica market is forecast to flourish at a steady CAGR of 5.5% over the forecast period (2020-2030), reveals Fact.MR in a recently published report. As per the report, the market is forecast to cross US$ 992 Mn by 2030 end. Fused silica powder has been identified as an important raw-material across several end-use industries. These include refractories, electronics industries and photonics to name a few. To get
Cognitive Assessment and Training Market will grow to US$ 1.5 Bn by 2030 at 16.5 …
The global cognitive assessment & training market size was pegged at over US$ 1.5Bn in 2019 and is expected to witness a dexterous growth rate of over 16.5% during the forecast period (2020-2030). The adoption of electronic devices for collecting clinical electronic data coupled with increasing digitization in healthcare sector has given a huge momentum to growth of global cognitive assessment & training market over the historical years. The use

All 5 Releases


More Releases for Adiponitrile

GCC Adiponitrile Market Consumption Analysis, Overview and Forecast 2025
The global Adiponitrile market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2025,growing at a CAGR of XX% between 2017 and 2025. GCC plays an important role in global market,with market size of xx million USD in 2017 and will be xx million USD in 2025,with a CAGR of xx%. This report studies the Adiponitrile development status and future trend
Adiponitrile Market - New Business Strategy & Forecast by 2021
Adiponitrile or hexanedinitrile is a colorless organic liquid compound. It finds its major application as a precursor for polymer nylon 6-6 which is known for its high mechanical strength and hence finds an array of applications including conveyor belts, carpet fibers, and electro-insulating elements amongst others. Adiponitrile also finds its application, though to a much smaller extent as an intermediate for synthesis of corrosion inhibitors and rubber accelerators. The major
Adiponitrile Market to Perceive Substantial Growth During 2021
Adiponitrile or hexanedinitrile is a colorless organic liquid compound. It finds its major application as a precursor for polymer nylon 6-6 which is known for its high mechanical strength and hence finds an array of applications including conveyor belts, carpet fibers, and electro-insulating elements amongst others. Adiponitrile also finds its application, though to a much smaller extent as an intermediate for synthesis of corrosion inhibitors and rubber accelerators. The major
Adiponitrile Market to Partake Significant Development During 2015-2021
Adiponitrile or hexanedinitrile is a colorless organic liquid compound. It finds its major application as a precursor for polymer nylon 6-6 which is known for its high mechanical strength and hence finds an array of applications including conveyor belts, carpet fibers, and electro-insulating elements amongst others. Adiponitrile also finds its application, though to a much smaller extent as an intermediate for synthesis of corrosion inhibitors and rubber accelerators. The major
Adiponitrile Market to Discern Magnified Growth During 2015 to 2021
Adiponitrile or hexanedinitrile is a colorless organic liquid compound. It finds its major application as a precursor for polymer nylon 6-6 which is known for its high mechanical strength and hence finds an array of applications including conveyor belts, carpet fibers, and electro-insulating elements amongst others. Adiponitrile also finds its application, though to a much smaller extent as an intermediate for synthesis of corrosion inhibitors and rubber accelerators. The major
Adiponitrile Market Set to Record Exponential Growth by 2021
Adiponitrile or hexanedinitrile is a colorless organic liquid compound. It finds its major application as a precursor for polymer nylon 6-6 which is known for its high mechanical strength and hence finds an array of applications including conveyor belts, carpet fibers, and electro-insulating elements amongst others. Adiponitrile also finds its application, though to a much smaller extent as an intermediate for synthesis of corrosion inhibitors and rubber accelerators. The major