Adiponitrile Market Research Report— Global Forecast till 2030

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 Region—Forecast till 2030

ID: MRFR/CnM/6166-HCR | February 2021 | Region: Global | 140 pages

Market Overview


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.


With the increase in demand for adiponitrile in end use industries, the key manufacturers are planning to increase the production capacities of their existing plants. For instance, Invista Corporation is planning to increase the production capacity of adiponitrile by 40,000 tons in the coming future to meet the global demand in terms of value and volume. On the basis of incremental $ opportunity, the key manufacturers have strong opportunity to gain maximum share. The global adiponitrile market is highly consolidated and is dominated by organized players on account of huge investment in production capacity, investments in R&D, and strong supply chain network. However, there are some of the unorganized players that are gaining positive growth in the market as have long-term contracts with the end users.


Global Adiponitrile Market Share, by Application, 2017 (%) Adiponitrile Market


Source: MRFR Analysis


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 regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.


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



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2023: USD 790 Million
  • 2030 : Significant value
  •   CAGR   2.5%(2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units    Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Product Type, Application and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   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.
      Key Market Opportunities   The growth the end use industries such as textile and chemicals is expected to propel the global market growth over the forecast period.
      Key Market Drivers   The increasing demand in the plastics and automotive industry.


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    Frequently Asked Questions (FAQ) :


    The global adiponitrile market valuation can touch USD 790 million by 2023.

    The global adiponitrile market can expand at 2.5% CAGR from 2018 to 2023.

    The global adiponitrile market is driven by the growing plastics and automotive industries.

    The global adiponitrile market growth is restrained by huge capital required for the setup of adiponitrile units.

    Formosa Plastics Corporation, Toray Industries, Inc, Hexcel Corporation, Cytec Industries Inc., OJSC «SvetlogorskKhimvolokno», DowAksa, Mitsubishi Chemical Corporation, Kureha Corporation, Teijin Limited, Taekwang Industrial Co., Ltd, Nippon Graphite Fiber Co., Ltd., HYOSUNG, SGL Group, and Carbon Mods are major players of the global adiponitrile market.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Market Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining Power of Buyers

    4.1.3 Bargaining Power of Suppliers

    4.1.4 Threat of Substitutes

    4.1.5 Segment Rivalry

    4.2 Value Chain/Supply Chain of Global Adiponitrile Market

    5 Industry Overview of Global Adiponitrile Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact Analysis

    5.4 Market Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact Analysis

    7. Global Adiponitrile Market, by Type

    7.1 Introduction

    7.2 Polyurethane

    7.2.1 Market Estimates & Forecast, 2020–2027

    7.2.2 Market Estimates & Forecast, by Region, 2020–2027

    7.3 Nylon 66

    7.3.1 Market Estimates & Forecast, 2020–2027

    7.3.2 Market Estimates & Forecast, by Region, 2020–2027

    7.4 Fiber

    7.4.1 Market Estimates & Forecast, 2020–2027

    7.4.2 Market Estimates & Forecast, by Region, 2020–2027

    7.5 Nylon 66 Resin

    7.5.1 Market Estimates & Forecast, 2020–2027

    7.5.2 Market Estimates & Forecast, by Region, 2020–2027

    7.6 Adipate Ester

    7.6.1 Market Estimates & Forecast, 2020–2027

    7.6.2 Market Estimates & Forecast, by Region, 2020–2027

    7.6 Others

    7.6.1 Market Estimates & Forecast, 2020–2027

    7.6.2 Market Estimates & Forecast, by Region, 2020–2027

    8. Global Adiponitrile Market, by Application

    8.1 Introduction

    8.2 Chemical

    8.2.1 Market Estimates & Forecast, 2020–2027

    8.2.2 Market Estimates & Forecast, by Region, 2020–2027

    8.3 Medical

    8.3.1 Market Estimates & Forecast, 2020–2027

    8.3.2 Market Estimates & Forecast, by Region, 2020–2027

    8.4 Electronics

    8.4.1 Market Estimates & Forecast, 2020–2027

    8.4.2 Market Estimates & Forecast, by Region, 2020–2027

    8.5 Personal Care

    8.5.1 Market Estimates & Forecast, 2020–2027

    8.5.2 Market Estimates & Forecast, by Region, 2020–2027

    8.6 Automobile

    8.6.1 Market Estimates & Forecast, 2020–2027

    8.6.2 Market Estimates & Forecast, by Region, 2020–2027

    8.7 Textile

    8.7.1 Market Estimates & Forecast, 2020–2027

    8.7.2 Market Estimates & Forecast, by Region, 2020–2027

    8.5 Other

    8.5.1 Market Estimates & Forecast, 2020–2027

    8.5.2 Market Estimates & Forecast, by Region, 2020–2027

    8.5.3

    9. Global Adiponitrile Market, by Region

    9.1 Introduction

    9.2 North America

    9.2.1 Market Estimates & Forecast, 2020–2027

    9.2.2 Market Estimates & Forecast, by Type, 2020–2027

    9.2.3 Market Estimates & Forecast, by Application, 2020–2027

    9.2.4 US

    9.2.4.1 Market Estimates & Forecast, 2020–2027

    9.2.4.2 Market Estimates & Forecast, by Type, 2020–2027

    9.2.4.3 Market Estimates & Forecast, by Application, 2020–2027

    9.2.5 Canada

    9.2.5.1 Market Estimates & Forecast, 2020–2027

    9.2.5.2 Market Estimates & Forecast, by Type, 2020–2027

    9.2.5.3 Market Estimates & Forecast, by Application, 2020–2027

    9.3 Europe

    9.3.1 Market Estimates & Forecast, 2020–2027

    9.3.2 Market Estimates & Forecast, by Type, 2020–2027

    9.3.3 Market Estimates & Forecast, by Application, 2020–2027

    9.3.4 Germany

    9.3.4.1 Market Estimates & Forecast, 2020–2027

    9.3.4.2 Market Estimates & Forecast, by Type, 2020–2027

    9.3.4.3 Market Estimates & Forecast, by Application, 2020–2027

    9.3.5. France

    9.3.5.1 Market Estimates & Forecast, 2020–2027

    9.3.5.2 Market Estimates & Forecast, by Type, 2020–2027

    9.3.5.3 Market Estimates & Forecast, by Application, 2020–2027

    9.3.6 Italy

    9.3.6.1 Market Estimates & Forecast, 2020–2027

    9.3.6.2 Market Estimates & Forecast, by Type, 2020–2027

    9.3.6.3 Market Estimates & Forecast, by Application, 2020–2027

    9.3.7 Spain

    9.3.7.1 Market Estimates & Forecast, 2020–2027

    9.3.7.2 Market Estimates & Forecast, by Type, 2020–2027

    9.3.7.3 Market Estimates & Forecast, by Application, 2020–2027

    9.3.8 UK

    9.3.8.1 Market Estimates & Forecast, 2020–2027

    9.3.8.2 Market Estimates & Forecast, by Type, 2020–2027

    9.3.8.3 Market Estimates & Forecast, by Application, 2020–2027

    9.3.9 Russia

    9.3.9.1 Market Estimates & Forecast, 2020–2027

    9.3.9.2 Market Estimates & Forecast, by Type, 2020–2027

    9.3.9.3 Market Estimates & Forecast, by Application, 2020–2027

    9.3.10 Poland

    9.3.10.1 Market Estimates & Forecast, 2020–2027

    9.3.10.2 Market Estimates & Forecast, by Type, 2020–2027

    9.3.10.3 Market Estimates & Forecast, by Application, 2020–2027

    9.4 Asia-Pacific

    9.4.1 Market Estimates & Forecast, 2020–2027

    9.4.2 Market Estimates & Forecast, by Type, 2020–2027

    9.4.3 Market Estimates & Forecast, by Application, 2020–2027

    9.4.4 China

    9.4.4.1 Market Estimates & Forecast, 2020–2027

    9.4.4.2 Market Estimates & Forecast, by Type, 2020–2027

    9.4.4.3 Market Estimates & Forecast, by Application, 2020–2027

    9.4.5 India

    9.4.4.1 Market Estimates & Forecast, 2020–2027

    9.4.4.2 Market Estimates & Forecast, by Type, 2020–2027

    9.4.4.3 Market Estimates & Forecast, by Application, 2020–2027

    9.4.6 Japan

    9.4.5.1 Market Estimates & Forecast, 2020–2027

    9.4.5.2 Market Estimates & Forecast, by Type, 2020–2027

    9.4.5.3 Market Estimates & Forecast, by Application, 2020–2027

    9.4.7 Australia

    9.4.7.1 Market Estimates & Forecast, 2020–2027

    9.4.7.2 Market Estimates & Forecast, by Type, 2020–2027

    9.4.7.3 Market Estimates & Forecast, by Application, 2020–2027

    9.4.8 New Zealand

    9.4.8.1 Market Estimates & Forecast, 2020–2027

    9.4.8.2 Market Estimates & Forecast, by Type, 2020–2027

    9.4.8.3 Market Estimates & Forecast, by Application, 2020–2027

    9.4.9 Rest of Asia-Pacific

    9.4.9.1 Market Estimates & Forecast, 2020–2027

    9.4.9.2 Market Estimates & Forecast, by Type, 2020–2027

    9.4.9.3 Market Estimates & Forecast, by Application, 2020–2027

    9.5 Middle East & Africa

    9.5.1 Market Estimates & Forecast, 2020–2027

    9.5.2 Market Estimates & Forecast, by Type, 2020–2027

    9.5.3 Market Estimates & Forecast, by Application, 2020–2027

    9.5.4 Turkey

    9.5.4.1 Market Estimates & Forecast, 2020–2027

    9.5.4.2 Market Estimates & Forecast, by Type, 2020–2027

    9.5.4.3 Market Estimates & Forecast, by Application, 2020–2027

    9.5.5 Israel

    9.5.5.1 Market Estimates & Forecast, 2020–2027

    9.5.5.2 Market Estimates & Forecast, by Type, 2020–2027

    9.5.5.3 Market Estimates & Forecast, by Application, 2020–2027

    9.5.6 North Africa

    9.5.6.1 Market Estimates & Forecast, 2020–2027

    9.5.6.2 Market Estimates & Forecast, by Type, 2020–2027

    9.5.6.3 Market Estimates & Forecast, by Application, 2020–2027

    9.5.7 GCC

    9.5.7.1 Market Estimates & Forecast, 2020–2027

    9.5.7.2 Market Estimates & Forecast, by Type, 2020–2027

    9.5.7.3 Market Estimates & Forecast, by Application, 2020–2027

    9.5.8 Rest of the Middle East & Africa

    9.5.8.1 Market Estimates & Forecast, 2020–2027

    9.5.8.2 Market Estimates & Forecast, by Type, 2020–2027

    9.5.8.3 Market Estimates & Forecast, by Application, 2020–2027

    9.6 Latin America

    9.6.1 Market Estimates & Forecast, 2020–2027

    9.6.2 Market Estimates & Forecast, by Type, 2020–2027

    9.6.3 Market Estimates & Forecast, by Application, 2020–2027

    9.6.4 Brazil

    9.6.4.1 Market Estimates & Forecast, 2020–2027

    9.6.4.2 Market Estimates & Forecast, by Type, 2020–2027

    9.6.4.3 Market Estimates & Forecast, by Application, 2020–2027

    9.6.5 Argentina

    9.6.5.1 Market Estimates & Forecast, 2020–2027

    9.6.5.2 Market Estimates & Forecast, by Type, 2020–2027

    9.6.5.3 Market Estimates & Forecast, by Application, 2020–2027

    9.6.6 Mexico

    9.6.6.1 Market Estimates & Forecast, 2020–2027

    9.6.6.2 Market Estimates & Forecast, by Type, 2020–2027

    9.6.6.3 Market Estimates & Forecast, by Application, 2020–2027

    9.6.7 Rest of Latin America

    9.6.7.1 Market Estimates & Forecast, 2020–2027

    9.6.7.2 Market Estimates & Forecast, by Type, 2020–2027

    9.6.7.3 Market Estimates & Forecast, by Application, 2020–2027

    10. Company Landscape

    11. Company Profiles

    11.1 BASF (Germany)

    11.1.1 Company Overview

    11.1.2 Type/Business Segment Overview

    11.1.3 Financial Updates

    11.1.4 Key Developments

    11.2 LG Chem (South Korea)

    11.2.1 Company Overview

    11.2.2 Type/Business Segment Overview

    11.2.3 Financial Updates

    11.2.4 Key Developments

    11.3 Sinopec (Beijing)

    11.3.1 Company Overview

    11.3.2 Type/Business Segment Overview

    11.3.3 Financial Updates

    11.3.4 Key Developments

    11.4 Ineos (Germany)

    11.4.1 Company Overview

    11.4.2 Type/Business Segment Overview

    11.4.3 Financial Updates

    11.4.4 Key Developments

    11.5 DowDuPont (US)

    11.5.1 Company Overview

    11.5.2 Type/Business Segment Overview

    11.5.3 Financial Updates

    11.5.4 Key Developments

    11.6 Evonik Industries (Germany)

    11.6.1 Company Overview

    11.6.2 Type/Business Segment Overview

    11.6.3 Financial Updates

    11.6.4 Key Developments

    11.7 SABIC (Saudi Arabia)

    11.7.1 Company Overview

    11.7.2 Type/Business Segment Overview

    11.7.3 Financial Updates

    11.7.4 Key Developments

    11.8 Royal Dutch Shell (The Netherland)

    11.8.1 Company Overview

    11.8.2 Type/Business Segment Overview

    11.8.3 Financial Updates

    11.8.4 Key Developments

    11.9 JSR Corporation (Japan)

    11.9.1 Company Overview

    11.9.2 Type/Business Segment Overview

    11.9.3 Financial Updates

    11.9.4 Key Developments

    12. Conclusion

    LIST OF TABLES

    Table 1 World Population in Major Regions (2020–2027)

    Table 2 Global Adiponitrile Market, by Region, 2020–2027

    Table 3 North America: Adiponitrile Market, by Country, 2020–2027

    Table 4 Europe: Adiponitrile Market, by Country, 2020–2027

    Table 5 Asia-Pacific: Adiponitrile Market, by Country, 2020–2027

    Table 7 Middle East & Africa: Adiponitrile Market, by Country, 2020–2027

    Table 6 Latin America: Adiponitrile Market, by Country, 2020–2027

    Table 8 Global Adiponitrile Type Market, by Region, 2020–2027

    Table 9 North America: Adiponitrile Type Market, by Country, 2020–2027

    Table 10 Europe: Adiponitrile Type Market, by Country, 2020–2027

    Table11 Asia-Pacific: Adiponitrile Type Market, by Country, 2020–2027

    Table13 Middle East & Africa: Adiponitrile Type Market, by Country, 2020–2027

    Table12 Latin America: Adiponitrile Type Market, by Country, 2020–2027

    Table14 North America: Adiponitrile Application Market, by Country, 2020–2027

    Table13 Europe: Adiponitrile Application Market, by Country, 2020–2027

    Table14 Asia-Pacific: Adiponitrile Application Market, by Country, 2020–2027

    Table16 Middle East & Africa: Adiponitrile Application Market, by Country, 2020–2027

    Table15 Latin America: Adiponitrile Application Market, by Country, 2020–2027

    Table23 Global Type Market, by Region, 2020–2027

    Table24 Global Application Market, by Region, 2020–2027

    Table25 North America: Adiponitrile Market, by Country, 2020–2027

    Table26 North America: Adiponitrile Market, by Type, 2020–2027

    Table27 North America: Adiponitrile Market, by Application, 2020–2027

    Table28 Europe: Adiponitrile Market, by Country, 2020–2027

    Table29 Europe: Adiponitrile Market, by Type, 2020–2027

    Table30 Europe: Adiponitrile Market, by Application, 2020–2027

    Table31 Asia-Pacific: Adiponitrile Market, by Country, 2020–2027

    Table32 Asia-Pacific: Adiponitrile Market, by Type, 2020–2027

    Table33 Asia-Pacific: Adiponitrile Market, by Application, 2020–2027

    Table36 Middle East & Africa: Adiponitrile Market, by Country, 2020–2027

    Table37 Middle East & Africa Adiponitrile Market, by Type, 2020–2027

    Table33 Middle East & Africa: Adiponitrile Market, by Application, 2020–2027

    Table34 Latin America: Adiponitrile Market, by Country, 2020–2027

    Table35 Latin America Adiponitrile Market, by Type, 2020–2027

    Table33 Latin America: Adiponitrile Market, by Application, 2020–2027

    LIST OF FIGURES

    FIGURE 1 Global Adiponitrile Market Segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Five Forces Analysis of Global Adiponitrile Market

    FIGURE 4 Value Chain of Global Adiponitrile Market

    FIGURE 5 Share of Global Adiponitrile Market in 2020, by Country (%)

    FIGURE 6 Global Adiponitrile Market, 2020–2027,

    FIGURE 7 Sub-Segments of Type, 2020

    FIGURE 8 Global Adiponitrile Market Size, by Type, 2020

    FIGURE 9 Share of Global Adiponitrile Market, by Type, 2020–2027

    FIGURE 10 Sub-Segments of Application

    FIGURE 11 Global Adiponitrile Market Size, by Application, 2020

    FIGURE 12 Share of Global Adiponitrile Market, by Application, 2020–2027