Adiponitrile Marke | Aggregate Insights | Market Forecast
The Global Adiponitrile market was valued at USD xx million in 2018 and is estimated to reach USD xx million by 2026, with a CAGR of xx% during the forecast period from 2019 to 2026
(EMAILWIRE.COM, November 06, 2019 ) Market Overview
Adiponitrile is an organic compound with the formula (CH2)4(CN)2. This di-nitrile, a viscous, colorless liquid, is an essential precursor to the polymer nylon-66.
Market Dynamics
The market is primarily driven by the increasing usage of Adiponitrile in Nylon-66 production. 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.
The robust growth in the automotive and textile sectors is fuelling the demand for Nylon-66; which in turn is boosting the Adiponitrile market, as Adiponitrile is an essential intermediate in Nylon-66 synthesis.
The health and environmental concerns associated with the use of Adiponitrile can hinder the growth of the market during the forecast period.
Market Segmentation
The Global Adiponitrile market report segments the market by the production process, and application.
Based on the type of production process, the market has been segmented as dehydrative amination of adipic acid with NH3, butadiene hydrocyanation, Direct hydrocyanation, and Monsanto EHD process.
Based on the application, the market is segmented into Nylon 66 production, Li-Ion Batteries, and others.
Nylon 66 held the largest market share in 2017, and it will continue to dominate the adiponitrile market by the application during the forecast period. Adiponitrile is an important intermediate in the production of synthetic fiber. It is used exclusively to make Hexamethylene Diamine (HMDA), of which 92% is used to make nylon 66 fibers and resins. The uses of Nylon 66 as an engineering material is growing continuously owing to its excellent abrasion resistance, high melting point, high tensile strength, and efficient elasticity.
Its demand is primarily being driven in the textile, automotive and electronics industry. Use of Nylon 66 in automotive components has grown significantly 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. Also, increasing carbon fiber consumption in the automotive industry will boost the market for adiponitrile during the forecast period. The carbon fiber consumption in the automotive industry was around 11,825 metric tons in 2016 and is estimated to reach 32,708 metric tons by 2025.
Adiponitrile also has the potential to be used as a solvent for electrolyte solutions used in high-voltage lithium batteries due to its high anodic and thermal stability.
Key market segments covered
By Production
Dehydrative amination of adipic acid with NH3
Butadiene hydrocyanation
Direct hydrocyanation
Monsanto EHD process
By Application
Nylon- 66 Production
Li-Ion Batteries
Others
By Region
Asia Pacific
Europe
North America
South America
Rest of the World
Geographical Analysis
The report segments the market by geographic region which includes North America, South America, Europe, Asia-Pacific, and Others.
Asia-Pacific is expected to be the fastest growing region owing to the rapid growth in the textile industry and the strong demand in the automotive sector, especially in countries like India, China, and Japan. China will continue to forge ahead with strong, robust growth in Nylon 66 applications, and with strong growth expected for Adiponitrile over the next few years.
The high capital investments by the key players in the region are fuelling the growth of the market in the country. Recently, In August 2018 INVISTA announced its plan to invest more than 1 billion in a new manufacturing facility for Adiponitrile (ADN) in China. The company has spent more than 600 million in China over the past five years to boost its presence in the countrys nylon market.
North America is expected to witness substantial growth primarily due to the increasing demand of the Nylon 66, especially in the automotive and plastics sector. The US is only second to China in car manufacturing. Also, the rising demand for Adiponitrile as corrosion inhibitor will contribute towards higher consumption in this region.
Company Profiles
The Global Adiponitrile market report profiles the following companies - DuPont, INVISTA, BASF, Solvay, Ineos, Rhodia Group, Evonik Industries, JSR Corporation, LyondellBasell Industries, Braskem, Royal Dutch Shell.
View full sample report: https://www.datamintelligence.com/research-report/adiponitrile-market
Download free sample: https://www.datamintelligence.com/download-sample/adiponitrile-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Adiponitrile is an organic compound with the formula (CH2)4(CN)2. This di-nitrile, a viscous, colorless liquid, is an essential precursor to the polymer nylon-66.
Market Dynamics
The market is primarily driven by the increasing usage of Adiponitrile in Nylon-66 production. 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.
The robust growth in the automotive and textile sectors is fuelling the demand for Nylon-66; which in turn is boosting the Adiponitrile market, as Adiponitrile is an essential intermediate in Nylon-66 synthesis.
The health and environmental concerns associated with the use of Adiponitrile can hinder the growth of the market during the forecast period.
Market Segmentation
The Global Adiponitrile market report segments the market by the production process, and application.
Based on the type of production process, the market has been segmented as dehydrative amination of adipic acid with NH3, butadiene hydrocyanation, Direct hydrocyanation, and Monsanto EHD process.
Based on the application, the market is segmented into Nylon 66 production, Li-Ion Batteries, and others.
Nylon 66 held the largest market share in 2017, and it will continue to dominate the adiponitrile market by the application during the forecast period. Adiponitrile is an important intermediate in the production of synthetic fiber. It is used exclusively to make Hexamethylene Diamine (HMDA), of which 92% is used to make nylon 66 fibers and resins. The uses of Nylon 66 as an engineering material is growing continuously owing to its excellent abrasion resistance, high melting point, high tensile strength, and efficient elasticity.
Its demand is primarily being driven in the textile, automotive and electronics industry. Use of Nylon 66 in automotive components has grown significantly 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. Also, increasing carbon fiber consumption in the automotive industry will boost the market for adiponitrile during the forecast period. The carbon fiber consumption in the automotive industry was around 11,825 metric tons in 2016 and is estimated to reach 32,708 metric tons by 2025.
Adiponitrile also has the potential to be used as a solvent for electrolyte solutions used in high-voltage lithium batteries due to its high anodic and thermal stability.
Key market segments covered
By Production
Dehydrative amination of adipic acid with NH3
Butadiene hydrocyanation
Direct hydrocyanation
Monsanto EHD process
By Application
Nylon- 66 Production
Li-Ion Batteries
Others
By Region
Asia Pacific
Europe
North America
South America
Rest of the World
Geographical Analysis
The report segments the market by geographic region which includes North America, South America, Europe, Asia-Pacific, and Others.
Asia-Pacific is expected to be the fastest growing region owing to the rapid growth in the textile industry and the strong demand in the automotive sector, especially in countries like India, China, and Japan. China will continue to forge ahead with strong, robust growth in Nylon 66 applications, and with strong growth expected for Adiponitrile over the next few years.
The high capital investments by the key players in the region are fuelling the growth of the market in the country. Recently, In August 2018 INVISTA announced its plan to invest more than 1 billion in a new manufacturing facility for Adiponitrile (ADN) in China. The company has spent more than 600 million in China over the past five years to boost its presence in the countrys nylon market.
North America is expected to witness substantial growth primarily due to the increasing demand of the Nylon 66, especially in the automotive and plastics sector. The US is only second to China in car manufacturing. Also, the rising demand for Adiponitrile as corrosion inhibitor will contribute towards higher consumption in this region.
Company Profiles
The Global Adiponitrile market report profiles the following companies - DuPont, INVISTA, BASF, Solvay, Ineos, Rhodia Group, Evonik Industries, JSR Corporation, LyondellBasell Industries, Braskem, Royal Dutch Shell.
View full sample report: https://www.datamintelligence.com/research-report/adiponitrile-market
Download free sample: https://www.datamintelligence.com/download-sample/adiponitrile-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results