A recent report on Adiponitrile Market provides a detailed analysis of the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and the latest growth trends accepted by key players that form a part of the competitive spectrum of this business.
Global Adiponitrile market is valued at USD 8.02Billion in 2018and expected to reach USD 11.21Billion by 2025 with the CAGR of 4.9%over the forecast period.
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Adiponitrile is a chemical used primarily in the manufacture of HexamethyleneDiamine(HMDA), which is used widely to prepare nylon.HMDA chemical is an important intermediate for the manufacture of synthetic fiber. Adiponitrileis used exclusively to make Hexamethylene Diamine (HMDA), of which 92% is used to make nylon 6, 6fibers and resins.Adiponitrile is gaining importance as an electrolyte additive in lithium ion batteries which results in increased efficiency and overall performance of each battery cycle. Growing production of electric vehicles operating on Li-ion batteries is anticipated to fuel the demand for adiponitrile over the forecast period.
Global Adiponitrile market report is segmented on the basis of type, application and regional & country level. Based upon type Adiponitrilemarket is classified intoIndustrial Grade and Non-Industrial Grade. Based upon application Adiponitrile market is classified into Carpet fibers, Conveyor belts, Electro-insulating elements and Plastic.
The regions covered in this Global Adiponitrilemarket report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level market ofAdiponitrileis sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global AdiponitrileMarket Reports–
Global AdiponitrilemarketReport covers prominent players are likeThe Dow Chemical Company, BASF, Saudi Basic Industries Corporation, China Petroleum and Chemical Corporation, JSR Corporation, Lyondellbasell Industries, LG Chem, Braskem, Solvay Group, Royal Dutch Shell, DuPont, Evonik Industries, Ineos, Invista and others.
News:17 Feb, 2020
Fluor Awarded Engineering, Procurement and Construction Contract for World-Scale Adiponitrile Plant
Fluor Corporation announced that it was recently awarded a contract to supply engineering, procurement and construction for a new 400 kilo-ton-per-annum adiponitrile (ADN) plant in Shanghai, China. The new ADN plant is a component of INVISTA’s ongoing work at the Shanghai industry Park where the corporate recently completed a 215 kilo-ton-per-annum hexamethylenediamine (HMD) plant and a 150 kilo-ton-per-annum nylon 6,6 polymer plant. Fluor booked the undisclosed contract value within the fourth quarter of 2019. Fluor has been providing engineering, procurement and construction solutions to clients in China for more than 40 years, said Mark Fields, group president of Fluor’s Energy & Chemicals business.
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The increasing usage of Adiponitrile in Nylon-66 production and growing demand in the plastics and automotive industry are some of the major factors which are expected to drive the growth of Adiponitrile market.
The increasing usage of Adiponitrile in Nylon-66 production and growing demand in the plastics and automotive industry are some of the major factors which are expected to drive the growth of Adiponitrile market.The demand for Nylon 66 is on the rise because of its high mechanical strength, rigidity, heat and chemical resistance, which makes it suitable for application in industries like Automotive, Plastics, Electronics, and Textile.There is significant growth in production ofadiponitrile. For Example, Chemical and engineering news stated that Ascend a chemical manufacturer is expanding production capacity by 10–15% across the board for adiponitrile, HMD, adipic acid, and nylon 6, 6. In May, amid growing market worry, the Invista Company announced it had expanded adiponitrile capacity by 50,000 metric tons in 2017, is adding 40,000 metric tons by the end of this year, and will expand by another 180,000 metric tons by 2022.Use of Nylon 66 in automotive components has grown considerably for multiple new applications such as powertrains, electrical components, chassis, trim components, and other vehicle areas. The high-temperature resistance of Nylon 66 has also led to its applications in the engines.Polyamide 6, 6 resins is used in the manufacturing of exterior and interior automotive components to reduce weight of the vehicle and optimize fuel efficiency.According to Crafttech industries inc., there are top 13 high performance plastics used in automotive hardware. While all of this may be easily used in a single vehicle, just three types of plastic make up approximately 66% of the total high performance plastics used in a car like polypropylene (32%), polyurethane (17%) and PVC (16%).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.Increasing adoption of the adiponitrile andinnovations or tech advancements in the field are some of factors can provide an opportunity for the growth of Adiponitrile market.
North America is dominating the AdiponitrileMarket
North America is expected to dominate the growth of Adiponitrile Market, due to increasing demand of the Nylon 66, especially in the automotive and plastics sector. According to international trade administration, the United States has one of the largest automotive markets in the world. In 2018, U.S. light vehicle sales reached 17.2 million units, the fourth straight year in which sales reached or surpassed 17 million units. Overall, the United States is the world’s second-largest market for vehicle sales and production.Asia Pacific has witnessed increasing consumption of adiponitrile in automotive parts manufacturing owing to presence of numerous original equipment manufacturer across the region. Europe is expected to drive the growth of Adiponitrile Market, due to increasing adoption of the Adiponitrile in the formulation of battery electrolyte.
Key Benefitsfor GlobalAdiponitrile MarketReports –
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
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Global Adiponitrile market Segmentation –
By Type
Industrial Grade
Non-Industrial Grade
By Application
Carpet fibers
Conveyor belts
Electro-insulating elements
Plastic
ByRegional & Country Analysis (North America, U.S., Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, Latin America, Brazil, Mexico, Middle East and Africa,GCC, Africa, Rest of Middle East and Africa)
Table of Content
1 Study Coverage
1.1 Adiponitrile Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Adiponitrile Market Size
2.2 Adiponitrile Growth Rate (CAGR) 2020-2025
2.3 Analysis of Competitive Landscape
2.4 Key Trends for Adiponitrile Markets & Products
3 Market Size by Manufacturers
3.1 Adiponitrile Production by Manufacturers
3.2 Adiponitrile Revenue by Manufacturers
3.3 Adiponitrile Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans
4 Adiponitrile Production by Regions
4.1 Global Adiponitrile Production by Regions
4.2 North America
4.3 Europe
4.4 China
4.5 Japan
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