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Adiponitrile Market Size (2024 - 2029)

The Adiponitrile Market is anticipated to experience growth over the forecast period, driven by increasing demand from the electrical and textile industries. Despite challenges posed by the COVID-19 pandemic, which disrupted manufacturing and supply chains, the market has been on a recovery path. The rise of bio-based plastics awareness is a counteracting factor to market expansion. Innovations in biocatalytic synthesis methods present new opportunities for market development. The Asia-Pacific region stands out as the largest and fastest-growing area, fueled by significant consumption in several key countries.

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Market Size of Adiponitrile Industry

Adiponitrile Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

Adiponitrile Market Analysis

The Adiponitrile Market size is expected to grow from 1.44 million tons in 2023 to 1.75 million tons by 2028, at a CAGR of 4% during the forecast period (2023-2028).

Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory.

  • Major factors driving the market studied are increasing demand from the electrical and textile industries.
  • On the flip side, the increasing awareness of bio-based plastics in different end-user industries is hindering the market's growth.
  • The synthesis of adiponitrile via the biocatalytic route enables a high regio- and chemo-selective approach toward dinitriles without using hydrogen cyanide or harsh reaction conditions. It is expected to offer various opportunities for the growth of the market over the forecast period.
  • Asia-Pacific region represents the largest market and is expected to be the fastest-growing market over the forecast period due to the consumption in countries such as China, Japan, India, and ASEAN Countries.

Adiponitrile Industry Segmentation

Adiponitrile (ADN) is a key precursor to hexamethylenediamine (HMDA) production. 糖心vlog传媒 90% of HMDA is consumed in the nylon 66 chain. The adiponitrile market is segmented by end-user industry and geography. The market is segmented into automotive and transportation, chemical, textile, electrical and electronics, and other end-user industries by end-user industry. The report also covers the market size and forecasts for the adiponitrile market in 15 countries across major regions. Each segment's market sizing and forecasts are based on volume (tons).

End-user Industry
Automotive and Transportation
Chemical
Textile
Electrical and Electronics
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Adiponitrile Market Size Summary

The adiponitrile market is poised for significant growth, driven by its critical role as an intermediate in the production of nylon-66, which is extensively used in the automotive and transportation sectors. The recovery from the disruptions caused by the COVID-19 pandemic has set the market back on a growth trajectory, with increasing demand from the electrical and textile industries further propelling its expansion. However, the rising awareness and adoption of bio-based plastics present challenges to market growth. The biocatalytic synthesis of adiponitrile offers promising opportunities by enabling more selective and environmentally friendly production processes. The Asia-Pacific region, particularly countries like China, Japan, and India, is expected to dominate the market due to its robust nylon production capacity and growing demand in the automotive and electronics sectors.

The automotive industry's shift towards electric vehicles and the stringent environmental regulations are expected to bolster the demand for nylon-66, thereby increasing the need for adiponitrile. The market is witnessing a consolidation with major players like Kishida Chemical Co. Ltd, Ascend Performance Materials, Butachimie, INVISTA, and BASF SE actively expanding their production capacities. Notably, INVISTA's new manufacturing facility in Shanghai is set to significantly enhance the supply capacity. The expansion of nylon-66 production and the growing automotive and electronics markets in the Asia-Pacific region are key factors contributing to the market's positive outlook. As the demand for lightweight and fuel-efficient materials continues to rise, the adiponitrile market is expected to experience steady growth over the forecast period.

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Adiponitrile Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from Electronics and Textile Industries

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Increasing Awareness for Bio Based Plastics

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Regulatory Policy Analysis

    6. 1.6 Technological Snapshot

  2. 2. Market Segmentation (Market Size in Volume)

    1. 2.1 End-user Industry

      1. 2.1.1 Automotive and Transportation

      2. 2.1.2 Chemical

      3. 2.1.3 Textile

      4. 2.1.4 Electrical and Electronics

      5. 2.1.5 Other End-user Industries

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 Italy

        4. 2.2.3.4 France

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle-East and Africa

Adiponitrile Market Size FAQs

The Adiponitrile Market is projected to register a CAGR of 4% during the forecast period (2024-2029)

Kishida Chemical Co., Ltd., Ascend Performance Materials, Butachimie, INVISTA and BASF SE are the major companies operating in the Adiponitrile Market.

Adiponitrile Market Report Snapshots

Adiponitrile Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)