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Adiponitrile Market Trends, Key Players, DROT, Analysis & Forecast Till 2028 | Top Key Players Ascend Performance Materials, Invista, Kishida Chemical Co., Ltd, etc.

08-19-2021 05:55 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Reports and Data

Adiponitrile Market

Adiponitrile Market

The Global Adiponitrile market is forecast to reach USD 12.65 Billion by 2028, according to a new report by Reports and Data. Adiponitrile [ADN] can be described as a fairly soluble, colorless to light yellow liquid, which is less dense as compared to water. The molecular formula of the chemical is C6H8N2 or CN(CH2)4CN. The electrohydrodimerization of Acrylonitrile (ACN) to Adiponitrile is extensively used electro-organic process for the preparation of this chemical. It can be manufactured by direct electrochemical hydrodimerization of Acrylonitrile in a medium that comprises the compound in addition to water and electrolyte salt. It can also be produced from Butadiene. The process of manufacturing the chemical from Butadiene was pioneered by DuPont, which deploys natural gas. Propylene is used in the Acrylonitrile method, which is subjected to the fluctuating price of Propylene. The global demand for the chemical is 1.3m tonne/year. It finds application in various industries like the chemical sector, the automotive industry, the textile sector, which is one of the mentionable factors fostering the expansion of the industry.

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In regards to region, Europe can be seen to hold a considerable share of the sector. The market share held by the region is attributed to the well-established electrical & electronics sector, high demand for automotive, which is supporting the growth of the industry in this region.

Market Overview:

Demand for innovative materials is driven by transformations in the energy, automotive, logistics, manufacturing, construction, and other industries, as well as growing industry 4.0 technologies. Sustainability, lightweighting, 3D printing, and surface engineering are all hot topics in the materials sector, as are intelligent materials, nano-formulations, and new composites with improved properties. Furthermore, increased adoption of artificial intelligence (AI), machine learning (ML), and data management strategies encourages scientists to investigate and develop novel materials considerably more quickly, reducing time-to-market from decades to only a few years.

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The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The Adiponitrile market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Adiponitrile market.

Leading companies operating in the market and profiled in the report 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.

To know more about the report @ https://www.reportsanddata.com/report-detail/adiponitrile-market

Adiponitrile Market Segmentation:

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

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Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

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