Global Adiponitrile Market Analysis, Size, Share, Development, Growth & Demand Forecast 2019 -2023

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Adiponitrile Market Research Report Global
Forecast till 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Adiponitrile Market - 2023
Global Adiponitrile Market Research
Report Information by Product Type
(Polyurethane Nylon 6,6 Fiber Nylon 6,6 Resin
Adipate Esters), Application (Chemical, Medical,
Personal Care, Electronics, Automobile, Textile),
and RegionForecast till 2023 Market
Overview The global adiponitrile market is
expected to register a CAGR of 2.5 during the
forecast period to cross USD 790 million by
2023 Adiponitrile is a colorless organic liquid
compound having molecular formula C8H8N2 and is
also known as hexamethylenediamine. Adiponitrile
finds application in polymer nylon 66, conveyor
belt, electro insulating elements, and carpet
fibers owing to its significant mechanical
strength. The demand for adiponitrile in fiber
and plastic applications is expected to gain
traction during the forecast period. Moreover,
the key factor expected to boost the growth of
the global adiponitrile market is the increasing
demand in the plastics and automotive industry.
However, stringent governmental regulations due
to environmental concerns related to the use of
adiponitrile and fluctuating raw material prices
are factors expected to restrict the growth of
the global market. The growth the end use
industries such as textile and chemicals is
expected to propel the global market growth over
the forecast period. In addition, the increasing
manufacturing of adipic acid that finds
application in polyurethane including thermal
insulation, footwear, and auto seating is
expected to spur the product demand. Furthermore,
the growth of the fiber footwear industry is
also expected to contribute to the global market
growth during the forecast period.
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Adiponitrile Market - 2023
Regional Analysis The market in Asia-Pacific
held the largest share of the global adiponitrile
market in 2017 and is expected to register a
higher CAGR during the forecast period. The
region is expected to witness lucrative growth in
the coming future owing to positive inclined
growth of the end-use industries, especially from
China and India. The increase in demand in the
chemical industry in the region is expected to
boost the regional market growth in the coming
future. Additionally, the growth of other end-use
industries, such as medical, personal care, and
electronics is expected to add up to the growth
in the global market. The North American market
is projected to grow substantially over the
assessment period on account of the growth of
end-use industries such as chemical, personal
care automobile and textile in countries
including the US and Canada. Moreover, higher
consumption of polymer in the various
applications is also likely to boost the demand
for the product over the forecast period. The
Latin American and the Middle African markets
are expected to witness moderate growth on
account of increasing demand in the end use
industries such as chemical and
healthcare. Segmentation The global
adiponitrile market has been segmented by product
type, application, and region. Based on product
type, the global market has been segmented into
polyurethane nylon 6,6 fiber nylon 6,6 resin
adipate esters and others. By application, the
global market has been divided into chemical,
medical, personal care, electronics, automobile,
textile, and others. The global adiponitrile
market, by region, has been studied concerning
five regionsNorth America, Europe, Asia-Pacific,
Latin America, and the Middle East Africa.
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Adiponitrile Market - 2023
Key Players Some of the key players operating in
the global adiponitrile market are BASF
(Germany), LG Chem (South Korea), Sinopec
(Beijing), Ineos (Germany), DowDuPont (US),
Evonik Industries (Germany), SABIC (Saudi
Arabia), Royal Dutch Shell (The Netherland), and
JSR Corporation (Japan), among others. Intended
Audience Adiponitrile Manufacturers Traders and
Distributors of Adiponitrile Research and
Development Institutes Potential Investors Raw
Material Suppliers Nationalized Laboratories
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