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Market trends on adiponitrile have been outstanding lately, depicting the ever-changing nature of the chemical industry. Demand and supply patterns on adiponitrile, which is a major chemical intermediate used mainly as a feedstock for producing nylon 6,6, have resulted in shifting marketplace developments. Furthermore, some concerns around the environment, coupled with sustainability initiatives, are starting to shape trends within the Adiponitrile industry, resulting in such impacts. In many industries today, where the emphasis is more on going green and adopting sustainable practices, there has been an increased interest in coming up with alternatives that are less harmful compared to conventional chemical processes. This has prompted R&D activities within the Adiponitril market towards exploring means of production that consume less material or energy resources while at the same time ensuring the environment is well protected. Investments made into innovative technologies, including alternative production technologies aimed at reducing environmental pollution during the manufacturing process of this product, enhance overall environmental performance.
Admittedly, the geography pattern for adiponitrile consumption has changed significantly, as indicated by the latest market trends information released recently. These two countries have witnessed rapid industrialization coupled with economic growth, making Asia-Pacific region one of the major players in the adiponitrile market. Robust manufacturing activities drive such an increased demand that the textiles, packaging, and automotive sectors seek it. In addition to this, it seems that companies within the Adiponitrile industry are increasingly focusing on forging strategic collaborations and partnerships as part of their overall business strategy, with the understanding that they need to focus more on R&D while at the same time developing new territories and maintaining competitive advantage in all areas of operation. In a bid to accelerate innovation and market expansion, these alliances are rising between adiponitrile producers, technology suppliers, and end users.
The regulatory front also shows that there have been increasing concerns about safety and compliance issues within the Adiponitrile Market. For instance, stringent measures surrounding the handling, storage, and transportation of adiponitrile have necessitated investment by industry players into better safety technologies like fire-proof Containers so as to prevent loss through accidents such as fires. These regulations, which are primarily aimed at protecting workers' welfare while living around these premises, are no longer simply legal requirements. Therefore, to be compliant with these safe practices, companies have adopted advanced technologies or practices when dealing with Adiponitrile production.
Adiponitrile Market Highlights:
Adiponitrile Market Overview
Adiponitrile Market is expected to register a CAGR of 5.5% during the forecast period to cross USD 20.1 Billion by 2027. The main factors fueling the adiponitrile market are growing ultimatum from the textile industries and electrical industries. On the other hand, the decline in the global automotive production and unpreferred situations rising due to the covid-19 pandemic are hampering the growth of the global market for adiponitrile. The synthesis of adiponitrile via the biocatalytic route, which empowers a high regio and chemo-selective approach towards dinitriles without the use of hydrogen cyanide to strident reaction conditions, is expected to offer several opportunities for the increase of the market over the anticipated period. The automotive and transportation industry is projected to dominate the global adiponitrile market over the anticipated period. The Asia Pacific region represents the widest market and is also projected to be the fastest-rising market over the anticipated period due to the consumption in countries, such as India, Japan, and China.
Global Adiponitrile Market Share, by Application, 2017 (%) 
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.Recent Development
The adiponitrile is a nylon-66 intermediate. It is changed into nylon-66 through hexamethylene diamine as a transitional. Nylon-66 is applied heavily in the transportation and automotive sector. It is also applied to the radiator and tanks, oil pans, air intake manifolds, etc., as this is resistant to heat, grease, and oil. Nylon-66 finding increasing importance in the automotive and transportation segment in under-the-hood, chassis, and exterior and interior applications. This is due to its excellent properties, such as tensile strength, heat and chemical resistance, and abrasion resistance. The rising in the production of airbags is also projected to increase the need for nylon-66, hence increasing the ultimatum for adiponitrile. The ultimatum for adiponitrile from the section is likely to increase moderately, owing to the slowdown of the automotive industry during the anticipated period.
Intended Audience
- Adiponitrile Manufacturers
- Traders and Distributors of Adiponitrile
- Research and Development Institutes
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratories
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