|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD
10.12 billion
|
|
CAGR
(2023-2028)
|
3.15%
|
|
Fastest
Growing Segment
|
Nylon
|
|
Largest
Market
|
Asia-Pacific
|
Market Overview
Global
Adiponitrile Market has valued at USD 10.12 billion in 2022 and is anticipated
to project robust growth in the forecast period with a CAGR of 3.15% through
2028.
The
global adiponitrile market has emerged as a critical player in the chemical
industry, serving as a key precursor in the synthesis of essential materials
like Nylon-6,6. The demand for adiponitrile has witnessed a robust upward
trajectory, and several factors contribute to this momentum. Notably, the
ongoing industrialization, burgeoning population, and expanding manufacturing
base in Asia Pacific, home to some of the world's largest manufacturing
economies like China, Japan, South Korea, and India, have fueled the growth of
the adiponitrile market. Countries in the region are pivotal players in the
production of electrical and electronic products, fostering a significant surge
in the demand for adiponitrile. According to ZEVI, the Asian electro market experienced
a notable growth of 10% in 2021, reaching a total value of USD 3,674 billion in
the same year.
The
electronics industry's expansion in the Asia Pacific region has positioned
adiponitrile as a critical component in the production of nylon 6,6, which is
integral to various electronic applications. Market players are capitalizing on
this trend, with manufacturers strategically entering and expanding their
presence in the Asian market. For instance, Shandong Longhua New Material's
recent investment of around USD 1.1 billion to establish the largest nylon 6,6
factory in China underscores the region's significance in the adiponitrile
market.
Moreover,
the construction industry in North America has emerged as another major driver
for adiponitrile demand. The region is experiencing a surge in non-residential
construction projects, driven by factors such as increased demand for
hospitals, commercial buildings, and educational institutions. Legislative
initiatives like the "Affordable Healthcare Act" further stimulate
the construction of healthcare units and hospitals, boosting the demand for
architectural adiponitrile.
Adiponitrile's
versatility and significance extend beyond its role as a precursor in Nylon-6,6
synthesis. The automotive industry is a major consumer of adiponitrile,
utilizing it in the production of lightweight and fuel-efficient components.
Its involvement in the creation of polyurethane foams used in automotive
seating and insulation not only enhances comfort but also contributes to
reducing vehicle weight for improved fuel efficiency. Additionally,
adiponitrile plays a pivotal role in the production of fuel system components
such as fuel tanks and lines, as well as airbag fabrics. In the textile
industry, adiponitrile contributes to the production of nylon-6,6 fibers used
in airbag fabrics, ensuring high tensile strength, tear resistance, and flame
retardancy for enhanced passenger safety.
While
exploring the dynamics of the adiponitrile market, it is essential to consider
its interconnection with the global Adiponitrile market. Adiponitrile play a
crucial role in the production of polyurethane foams and coatings, making them
integral to industries such as construction, automotive, furniture, and
packaging.
The
growth of the Adiponitrile market is driven by factors such as the increasing
demand for polyurethane foams in construction for insulation purposes. As
global initiatives focus on energy efficiency and sustainable construction, the
demand for polyurethane foam has surged, consequently propelling the demand for
Adiponitrile. The automotive sector is another significant consumer of
polyurethane coatings, which are known for their lightweight and durable
nature. The growth of the automotive industry, coupled with the trend towards
lightweight materials for fuel efficiency, contributes to the demand for Adiponitrile.
In
both the Adiponitrile markets, several key trends and opportunities are shaping
the industry landscape. The increasing focus on sustainability and
environmental regulations is driving innovation in manufacturing processes and
catalyst technologies. Companies that invest in research and development to
enhance the efficiency and sustainability of these catalysts are likely to gain
a competitive advantage.
The
growth potential in emerging economies, particularly in Asia Pacific, presents
significant opportunities for market expansion. Companies that strategically
position themselves in these growing markets stand to benefit from the
increasing demand for Adiponitrile.
Moreover,
technological advancements and breakthroughs in catalyst technologies are
contributing to the diversification of applications. As these catalysts become
more efficient and versatile, new opportunities emerge in industries beyond
their traditional applications.
Despite
the promising outlook, the Adiponitrile markets face challenges that need to be
addressed for sustained growth. Volatility in raw material prices poses a risk
to the profitability of these industries, as fluctuations in the cost of key
components can impact production costs and pricing strategies.
Additionally,
the competitive landscape in both markets is intense, leading to price wars and
potential margin pressures. Companies need to differentiate themselves through
innovation, quality, and efficiency to maintain a competitive edge.
The
global adiponitrile market is poised for continued growth, driven by the
expanding applications in key industries such as electronics, automotive, and
construction. The interconnection with the global Adiponitrile market further
amplifies the significance of these chemicals in supporting diverse industrial
processes. As industries worldwide emphasize sustainability and efficiency, the
role of Adiponitrile becomes increasingly crucial. Companies that navigate
challenges, capitalize on opportunities, and prioritize innovation are
well-positioned to contribute to the sustainable growth of these dynamic
markets.
Key Market Drivers
Increasing Demand for Nylon is
Expected to Drive the Demand for Global Adiponitrile Market
The
global adiponitrile market is poised for significant growth, primarily driven
by the increasing demand for nylon, a versatile and widely used synthetic
polymer. Adiponitrile, a key intermediate in the production of nylon 6,6, plays
a pivotal role in the synthesis of this high-performance polymer. As the demand
for nylon continues to rise across various industries, including textiles,
automotive, and packaging, the need for adiponitrile is expected to surge,
propelling market growth and contributing to the evolution of materials and
applications in the global market.
Nylon,
renowned for its strength, durability, and versatility, is a preferred material
in the production of fibers, filaments, and engineering plastics. These
nylon-based products find extensive applications in the textile industry for
the manufacturing of apparel, home textiles, and industrial fabrics. The rising
global population, coupled with changing consumer preferences and fashion
trends, is fueling the demand for nylon textiles. As a result, the production
of adiponitrile, a vital precursor in the synthesis of nylon, is expected to
increase to meet the growing requirements of the textile industry.
In
the automotive sector, nylon is widely utilized in the production of various
components, including engine components, fuel systems, and interior and
exterior parts. The material's lightweight nature, strength, and resistance to
heat make it an ideal choice for enhancing fuel efficiency and overall
performance in the automotive industry. The evolving landscape of the
automotive sector, with an increasing emphasis on electric and hybrid vehicles,
is expected to drive the demand for nylon, subsequently boosting the demand for
adiponitrile as a crucial raw material in nylon production.
Furthermore,
the packaging industry is a significant consumer of nylon, particularly in the
form of nylon films and packaging materials. Nylon's excellent barrier
properties, strength, and flexibility contribute to its use in flexible
packaging applications, extending the shelf life of food products and
protecting them from external factors. With the growing demand for convenient
and sustainable packaging solutions, the use of nylon in the packaging industry
is expected to expand, further driving the demand for adiponitrile.
The
versatility of nylon extends beyond textiles, automotive, and packaging to
various industrial applications, including the electrical and electronics
sector. Nylon is used in the production of cable sheaths, connectors, and other
components due to its excellent insulating properties, mechanical strength, and
resistance to wear. The continuous innovation and technological advancements in
the electronics industry are likely to fuel the demand for nylon-based
materials, creating a positive outlook for the adiponitrile market.
As
the global focus on sustainability intensifies, the demand for nylon derived
from bio-based or recycled sources is gaining traction. Adiponitrile, being a
key ingredient in the synthesis of nylon, is expected to witness increased
production from sustainable feedstocks, contributing to the overall
sustainability goals of industries utilizing nylon-based materials.
In
conclusion, the increasing demand for nylon across diverse industries,
including textiles, automotive, packaging, and electronics, is a primary driver
for the growth of the global adiponitrile market. As industries continue to
innovate and seek materials that offer a balance of performance,
sustainability, and versatility, the role of adiponitrile in the production of
nylon becomes increasingly crucial. The market's trajectory is intricately
linked to the evolution of end-use applications and the ongoing efforts to
address environmental concerns through the adoption of sustainable materials,
positioning adiponitrile as a key player in the global chemical industry.
Increasing Demand for
Lightweight Materials in the Automotive Industry is Expected to Propel the
Demand for Global Adiponitrile Market Growth
The
global adiponitrile market is poised for significant growth, driven by the
burgeoning demand for lightweight materials in the automotive industry.
Adiponitrile, a critical intermediate in the production of nylon 6,6, plays a
pivotal role in the synthesis of this high-performance polymer, which is widely
utilized in the automotive sector. As the automotive industry undergoes a
paradigm shift towards lightweight materials to enhance fuel efficiency and
reduce emissions, the demand for adiponitrile is expected to soar, driving
market growth and contributing to the ongoing transformation of automotive
manufacturing.
The
imperative for fuel efficiency and the increasing emphasis on environmental
sustainability are reshaping the automotive landscape, prompting manufacturers
to explore innovative materials that offer strength without compromising on
weight. Nylon 6,6, derived from adiponitrile, is a versatile material known for
its excellent mechanical properties, durability, and resistance to heat –
making it an ideal choice for various automotive applications. The use of nylon
in the production of lightweight components, such as engine covers, air intake
manifolds, and structural parts, contributes to overall weight reduction in
vehicles, leading to improved fuel efficiency and reduced carbon emissions.
As
the automotive industry embraces electric and hybrid vehicles to meet stringent
emissions standards, the demand for lightweight materials becomes even more
pronounced. The shift towards electric mobility necessitates a reevaluation of
traditional automotive design and materials to optimize performance and extend
the range of electric vehicles. Adiponitrile, as a key precursor in the
production of lightweight nylon materials, is integral to achieving the goals
of electrification in the automotive sector.
Moreover,
the demand for adiponitrile is propelled by the increasing trend of
incorporating advanced materials in interior components of vehicles.
Nylon-based materials are favored for their strength, resistance to wear, and
versatility, making them suitable for applications such as seat fabrics,
carpeting, and interior trim. The automotive industry's focus on enhancing
comfort, aesthetics, and durability in vehicle interiors contributes to the
growing use of adiponitrile-derived nylon materials in this segment.
In
addition to its role in reducing vehicle weight and enhancing interior
components, adiponitrile plays a crucial part in the production of automotive
hoses and tubing. Nylon hoses offer advantages such as flexibility, chemical
resistance, and durability, making them essential components in fluid
transportation systems within vehicles. As automotive manufacturers prioritize
efficiency, reliability, and durability in vehicle systems, the demand for
nylon-based hoses and tubing, and consequently adiponitrile, is expected to
rise.
Furthermore,
the global push towards sustainability and the circular economy is influencing
material choices in the automotive sector. The ability to recycle and reuse
materials is gaining prominence, and nylon 6,6 derived from adiponitrile
demonstrates recyclability, contributing to the industry's sustainability
goals. As regulations and consumer preferences increasingly favor eco-friendly
practices, the use of adiponitrile in the production of recyclable materials
adds to its significance in the automotive value chain.
In
conclusion, the increasing demand for lightweight materials in the automotive
industry, driven by the need for fuel efficiency, emissions reduction, and
advancements in electric mobility, is a key factor propelling the growth of the
global adiponitrile market. As automotive manufacturers seek materials that
offer a balance of strength, lightweight characteristics, and sustainability,
adiponitrile's role in the synthesis of nylon 6,6 positions it as a crucial
contributor to the ongoing evolution of automotive manufacturing. The market's
trajectory is intricately linked to the dynamic and transformative trends
within the automotive industry, emphasizing the critical role of adiponitrile
in shaping the future of lightweight and sustainable automotive materials.
Rising Demand for Lightweight
Materials Textiles Propels the Global Adiponitrile Market Growth
The
global adiponitrile market is experiencing robust growth, propelled by the
rising demand for lightweight materials in the textiles industry. Adiponitrile,
a key intermediate in the production of nylon 6,6, stands at the forefront of
this market growth, as it plays a pivotal role in the synthesis of nylon – a
versatile and high-performance polymer. As the textiles industry undergoes a
transformation driven by consumer preferences for lightweight, durable, and
sustainable materials, the demand for adiponitrile is expected to soar,
contributing to advancements in textile technology and expanding applications
across a range of end-use products.
Nylon,
derived from adiponitrile, is renowned for its exceptional strength,
durability, and versatility, making it a preferred material to produce
lightweight textiles. The demand for lightweight fabrics has seen a surge
across various sectors, including apparel, sportswear, and outdoor gear, where
consumers increasingly prioritize comfort, performance, and sustainability.
Adiponitrile's role in the production of nylon fibers and filaments positions
it as a key enabler in meeting these demands, driving the growth of the global
textiles market.
In
the apparel industry, where fashion meets function, lightweight textiles are
gaining popularity for their breathability and flexibility. Activewear and
athleisure segments, in particular, have witnessed a significant shift towards
materials that offer enhanced comfort and performance. Nylon-based textiles,
produced with the involvement of adiponitrile, have become integral in the
creation of activewear garments that provide a perfect balance of lightness,
durability, and moisture-wicking properties, meeting the evolving needs of
consumers engaged in various physical activities.
Additionally,
the demand for lightweight textiles extends to the outdoor and sportswear
markets, where enthusiasts seek materials that offer resilience against
environmental elements while maintaining a lightweight profile. Nylon-based
fabrics, incorporating adiponitrile in their production, are favored for their
ability to withstand harsh conditions, making them suitable for outdoor
apparel, backpacks, and gear. The versatility of these textiles contributes to
the creation of durable and weather-resistant products, meeting the
requirements of consumers engaged in outdoor activities.
Moreover,
the automotive textiles sector is witnessing a surge in demand for lightweight
materials, driven by the automotive industry's emphasis on fuel efficiency and
sustainability. Adiponitrile-derived nylon materials find applications in the
production of lightweight automotive textiles, including seat fabrics, interior
trims, and headliners. As the automotive sector continues to innovate in
interior design and materials, the use of adiponitrile in the production of
lightweight, durable, and aesthetically pleasing textiles is expected to
contribute to the advancement of automotive interiors.
Furthermore,
the aviation and aerospace industries, with their stringent requirements for
lightweight materials, present another avenue for the growth of the
adiponitrile market. Nylon textiles, produced with adiponitrile, are used in
the manufacturing of lightweight components for aircraft interiors,
contributing to overall weight reduction and fuel efficiency. As the aerospace
industry prioritizes advancements in materials to meet sustainability goals and
regulatory standards, the demand for adiponitrile-derived textiles is likely to
witness an upward trajectory.
In
conclusion, the rising demand for lightweight materials in the textiles
industry, spanning apparel, sportswear, outdoor gear, automotive textiles, and
aerospace applications, is a key driver for the growth of the global
adiponitrile market. Adiponitrile's role in the synthesis of nylon, a material
synonymous with strength and versatility, positions it as a vital component in
the evolution of textiles technology. The market's trajectory is intricately
linked to the dynamic and evolving trends within the textiles industry,
emphasizing the central role of adiponitrile in shaping the future of
lightweight and high-performance textiles across diverse end-use sectors.
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Key Market Challenges
Fluctuations in Raw Material
Prices Poses a Significant Obstacle to Market Expansion
Fluctuations
in raw material prices emerge as a critical impediment to the expansive growth
of the global Adiponitate market. The market is intricately tied to the
availability and cost dynamics of key raw materials essential in the production
of Adiponitrate. Unpredictable shifts in material prices, driven by factors such
as geopolitical tensions, supply chain disruptions, or market speculation,
introduce volatility into production costs. This inherent uncertainty
complicates pricing strategies, making it challenging for manufacturers to
offer competitive and stable prices in the global market. Consequently, this
obstacle hampers the broader adoption of Adiponitate across industries.
Industry
stakeholders must navigate this challenge through strategic supply chain
management, risk mitigation measures, and exploration of alternative sourcing
options. By addressing these price fluctuations proactively, the Adiponitate
market can enhance its resilience, ensuring sustainable growth on a global
scale.
Environmental Concerns
Environmental
concerns pose a substantial obstacle to the global expansion of the Activated
Alumina market. As sustainability becomes a focal point for industries
worldwide, heightened awareness of environmental impacts has led to increased
scrutiny of industrial processes and materials. Activated Alumina, while valued
for its adsorption properties, may face challenges due to its production
processes and potential environmental footprint.
Issues
such as energy consumption, waste generation, and emissions associated with the
manufacturing of Activated Alumina have raised alarms among environmentally
conscious consumers and regulatory bodies. To overcome this obstacle, market
participants need to invest in eco-friendly production methods, adopt circular
economy principles, and emphasize the recyclability and reusability of
Activated Alumina. Addressing these environmental concerns is not only
essential for compliance with evolving regulations but also crucial for
securing a sustainable and responsible position in the global market, fostering
long-term growth and acceptance.
Key Market Trends
Increasing Demand for High Purity
Adiponitrile in in Emerging Markets
The
global Adiponitrile (ADN) market is experiencing a transformative shift fueled
by the increasing demand for high-purity ADN in emerging markets. ADN serves as
a crucial building block in the production of nylon 6,6, a versatile polymer
used in various industries, including textiles, automotive, and electronics.
The surge in demand for high-purity ADN can be attributed to the rapid
industrialization and economic growth witnessed in emerging markets. As these
regions undergo significant development, there is a heightened need for
advanced materials such as nylon for applications ranging from durable textiles
to lightweight automotive components.
Activated
Alumina plays a pivotal role in this scenario, acting as a catalyst in the
hydrogenation process essential for ADN production. The demand for high-purity
ADN is particularly pronounced in the automotive sector within emerging
markets, where the production of lightweight and durable materials is
paramount. Additionally, the electronics industry, witnessing substantial
growth in these markets, further contributes to the increased demand for ADN,
as it is integral to the production of electronic components.
The
catalytic properties of Activated Alumina are instrumental in ensuring the
quality and purity of ADN, meeting the stringent standards required by
industries dependent on this chemical intermediate. As a result, the increasing
demand for high-purity ADN in emerging markets is a key trend driving the
growth of the global Adiponitrile market. This trend not only reflects the
evolving needs of industries in these regions but also underscores the pivotal
role of Activated Alumina in facilitating the production of high-quality ADN
for diverse applications.
Development of New Production
Methods
The
global Adiponitrile (ADN) market is experiencing a significant growth trend,
propelled by the ongoing development of new production methods. Innovations in
manufacturing techniques are playing a pivotal role in enhancing the
efficiency, sustainability, and cost-effectiveness of ADN production,
consequently driving market expansion. One noteworthy example is the emergence
of bio-based production methods. Companies are increasingly exploring
bio-derived feedstocks, such as renewable raw materials, as alternatives to
traditional fossil-based inputs in ADN synthesis. This shift not only aligns
with the growing emphasis on sustainable practices but also diversifies the raw
material base, contributing to a more resilient and environmentally friendly
ADN production process.
Furthermore,
advancements in catalysis and reactor design represent another facet of the
evolving production landscape. Novel catalysts and improved reactor
configurations enhance the selectivity and yield of ADN, leading to more
streamlined and resource-efficient manufacturing processes. For instance, the
integration of advanced catalysts, like metal-based catalysts supported by
materials such as Activated Alumina, has shown promise in optimizing the
hydrogenation step in ADN production. This not only improves the overall
efficiency of the process but also allows for better control over product
quality.
As
these innovative production methods gain traction, they are expected to reshape
the dynamics of the global Adiponitrile market. Companies adopting these
technologies are likely to gain a competitive edge by offering sustainable and
high-quality ADN solutions, meeting the evolving demands of industries such as
textiles, automotive, and electronics. In conclusion, the development of new
production methods stands out as a key trend, driving both the growth and
sustainability of the global Adiponitrile market.
Segmental Insights
End User Insights
Based
on the end user, the automotive and transportation segment emerged as the
dominant player in the global market for Adiponitrile in 2022. The surge in
product usage within the automotive sector has been a key driver for the
dominant market position, stemming from its diverse applications in the
production of lightweight, fuel-efficient components, and the enhancement of
vehicle safety and comfort.
Adiponitrile's
role as a precursor in the manufacturing of polyurethane foams, particularly in
automotive seating and insulation, contributes to both comfort and improved
fuel efficiency by reducing vehicle weight. Furthermore, adiponitrile plays a
crucial role in the fabrication of fuel system components such as fuel tanks
and lines. Its significance extends to the production of airbag fabrics,
wherein the high-performance characteristics of nylon-6,6 fibers, synthesized
with adiponitrile, ensure the requisite tensile strength, tear resistance, and
flame retardancy for effective airbag deployment during collisions, thereby
bolstering passenger safety.
A
primary application of adiponitrile lies in the synthesis of
hexamethylenediamine, a foundational element for Nylon-6,6, widely employed in
textile manufacturing. The outstanding properties of Nylon-6,6, encompassing
durability, strength, and resistance to abrasion, position it as an optimal
choice for the fabrication of fabrics, threads, and fibers. These nylon-based
textiles find versatile use across industries, ranging from fashion and sports
to industrial applications. Adiponitrile's pivotal role in the creation of
nylon textiles not only ensures the production of robust and enduring fabrics
but also contributes to the innovation of textile materials meeting the diverse
demands of today's dynamic textile market, spanning high-performance sportswear
to durable industrial fabrics.
Application Insights
Based
on the application, the nylon synthesis segment established its dominance in
the global market for Adiponitrile based on the application. This dominance can
be attributed to nylon's outstanding tensile strength and abrasion resistance,
making it suitable for a diverse array of uses, ranging from clothing and
carpets to mechanical parts and industrial components.
The
synthesis process for Nylon-6,6 begins with the hydrogenation of adiponitrile,
resulting in hexamethylenediamine—a crucial component in the process. This
compound, derived from adiponitrile, undergoes polycondensation with adipic
acid, leading to the formation of nylon-6,6 characterized by a long-chain
polymer structure with alternating amide linkages. This unique structure
imparts exceptional mechanical properties, including high tensile strength and
resistance to wear and tear.
Nylon
produced through adiponitrile utilization finds applications across various
sectors. In the textile industry, it is preferred for crafting durable and
lightweight fabrics, while in automotive and aerospace sectors, it plays a
crucial role in manufacturing engine components, gears, and bearings due to its
remarkable mechanical properties and high-temperature resistance.
Adiponitrile
holds a significant role in Hexamethylene Diisocyanate (HDI) production—a vital
component in high-performance polyurethane products. The HDI synthesis
initiates with the reaction of adiponitrile, also referred to as
hexanedinitrile, with formaldehyde, yielding 1,6-diaminohexane—an essential
intermediate. This intermediate undergoes cyclization, resulting in the
production of HDI.
HDI
is primarily employed as a key constituent in the manufacturing of polyurethane
coatings and adhesives. Renowned for their durability, chemical resistance, and
versatility, polyurethane coatings based on HDI find extensive use in
automotive refinishing, industrial equipment coatings, and architectural
applications. These coatings are recognized for providing robust protective
layers that enhance surface longevity while maintaining an appealing appearance.
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Regional Insights
Based
on the region, Asia Pacific region emerged as the dominant player in the global
Adiponitrile market in 2022, holding the largest market share in terms of both
value and volume. The Asia Pacific region's growing manufacturing footprint,
population growth, and ongoing industrialization are all factors contributing
to the rise in demand for adiponitrile. This region is linked to some of the
biggest manufacturing economies in the world, including those of China, Japan,
South Korea, and Indian region.
Notably,
countries within the region, such as China, India, Japan, South Korea,
Singapore, and Malaysia, stand out as global leaders in the production of
electrical and electronic products. According to ZEVI, the Asian electro market
witnessed a significant growth of 10% in 2021, reaching a total value of USD
3,674 billion in the same year. Consequently, the adiponitrile market is poised
for an upward trajectory in the coming years, fueled by the burgeoning
electronics industry in the region. Manufacturers are strategically expanding
and entering the market to produce nylon 6,6 in various Asian Pacific
countries. A case in point is Shandong Longhua New Material, which, in April
2022, announced an investment of approximately USD 1.1 billion to establish the
largest nylon 6,6 factory in China, boasting a production capacity exceeding 1
million tons. Nylon 6,6 resin serves as a pivotal component for the production
of diverse chemical intermediates, electrical and electronic products, as well
as automobiles and their components.
In
North America, the construction industry stands out as a key driver for the
demand for adiponitrile. This is primarily fueled by the heightened demand for
non-residential construction projects, including hospitals, commercial
buildings, and educational institutions. Initiatives such as the
"Affordable Healthcare Act," enacted in March 2010 by the U.S.
Department of Health & Human Services, are further stimulating the
construction of a greater number of healthcare units and hospitals. This, in
turn, is anticipated to propel the demand for architectural adiponitrile in the
region throughout the forecast period.
Recent Developments
- In
2023, China achieved a historic milestone with the commencement of industrial
production of its first domestically developed adiponitrile in Zibo, Shandong
Province. This breakthrough, led by China National Chemical Engineering Group
(CNCEC), ends foreign monopolies in key material production, addressing supply
chain vulnerabilities. The project, initiated in May 2020, focuses on
adiponitrile, a crucial raw material for nylon 66, extensively used in
automotive, aerospace, and construction. This achievement aims to enhance
China's technological independence and establish a robust supply chain for
advanced manufacturing.
- In
2022, INVISTA (China) Investment Co., Ltd. and China Pingmei Shenma Group
recently formalized a strategic relationship through agreements for the
five-year purchase and sale of adiponitrile (ADN) and adipic acid (AA).
Additionally, INVISTA Textiles (U.K.) Limited will license key technologies,
including nylon 6,6 polymerization and nitrous oxide abatement, contributing to
China's carbon reduction goals with an estimated 13 to 14 million metric tons
per year of CO2-equivalent emissions reduction.
Key Market Players
- Asahi
Kasei Corp
- Ascend Performance Materials
- BASF SE
- Butachimie
- INVISTA
- Kishida Chemical Co. Ltd
- Merck KgaA
- Spectrum Chemical Mfg. Corp.
- Tokyo Chemical Industry Co. Ltd
- Vizag Chemical International
|
|
|
|
|
|
- Automotive
and Transportation
- Chemical
- Textile
- Electrical
and Electronics
- Others
|
- North
America
- Europe
- Asia
Pacific
- South
America
- Middle
East & Africa
|
Report Scope:
In this report, the Global Adiponitrile Market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Adiponitrile Market, By Application:
o Nylon Synthesis
o HDI
- Adiponitrile Market, By End User:
o Automotive and Transportation
o Chemical
o Textile
o Electrical and Electronics
o Others
- Adiponitrile Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Kuwait
§ Turkey
§ Egypt
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Adiponitrile
Market.
Available Customizations:
Global Adiponitrile market report with the
given market data, Tech Sci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
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