Adiponitrile Market Size, Share, Analysis, Trends, Growth, 2032

Adiponitrile Industry Prospective:

The global adiponitrile market size was evaluated at $9.76 billion in 2023 and is slated to hit $20.76 billion by the end of 2032 with a CAGR of nearly 8.3% between 2024 and 2032.

Request Free Sample

Adiponitrile Market: Overview

Adiponitrile is an organic compound and serves as an intermediary in the manufacture of many products such as nylon 6, 6 as well as other polyamides. In addition to this, it is used as a rust inhibitor, rubber accelerator, and solvent. Furthermore, it is an odorless, colorless, and oily liquid.

Key Insights

• As per the analysis shared by our research analyst, the global adiponitrile market is projected to expand annually at the annual growth rate of around 8.3% over the forecast timespan (2024-2032)
• In terms of revenue, the global adiponitrile market size was evaluated at nearly $9.76 billion in 2023 and is expected to reach $20.76 billion by 2032.
• The global adiponitrile market is anticipated to grow rapidly over the forecast timeline owing to surging demand for nylon 6, 6 in vehicles and textiles.
• In terms of application, the nylon synthesis segment is slated to register the highest CAGR over the forecast period.
• Based on end-use, the automotive segment is predicted to contribute majorly towards the global industry profitability in the upcoming years.
• Region-wise, the North American adiponitrile industry is projected to register the fastest CAGR during the projected timespan.

Request Free Sample

Adiponitrile Market: Growth Factors

Escalating use of product in textile & automotive to shape the global market expansion by 2032

Surging demand for nylon 6, 6 in vehicles and textiles will steer the growth of the adiponitrile market globally. Apart from this, technological innovations in the manufacturing processes with a preference for eco-friendly production procedures will prop up the expansion of the market globally. Flourishing electronics and automotive sectors will spur the global market surge in the ensuing years. Additionally, massive penetration of product in adhesives and specialty polymers is anticipated to embellish the expansion of the global market. Moreover, the rapid expansion of manufacturing capacity by key players across the globe will soar the global market expansion in the years ahead.

Adiponitrile Market: Restraints

Rising product costs can impede global industry expansion over the forecast period

Surge in the costs of manufacturing the product and the toxic nature of the product has curtailed the product demand, thereby restricting the expansion of the global adiponitrile industry. Moreover, the high costs involved in the optimization of the manufacturing processes and the easy availability of substitute products can impede global industry expansion in the coming years.

Adiponitrile Market: Opportunities

A rise in product innovations to define the expansion of the market globally

Focus of firms on eco-friendly manufacturing systems and large-scale use of the product in newer regions will open new growth avenues for the global adiponitrile market. A rise in customization and product innovation is anticipated to embellish the growth of the market globally.

Adiponitrile Market: Challenges

A surge in the levels of pollution caused by the product can obstruct its demand

Growing environmental concerns along with strict laws governing the use of the product can challenge the expansion of the global adiponitrile industry. Supply chain disruptions and product price volatility are some of the factors challenging the growth of the global industry.

Adiponitrile Market: Segmentation

The global adiponitrile market is divided into application, end-use, and region.                                          

In terms of application, the adiponitrile market across the globe is bifurcated into HDI and nylon synthesis segments. Additionally, the nylon synthesis segment, which gained approximately 51% of the global market revenue in 2023, is projected to record the highest CAGR in the forecast time interval. The expansion of the segment in the next few years can be due to favorable features of product such as imparting tensile strength and abrasion resistance. Apart from this, nylon is used for producing fabrics and carpets.

Based on the end-use, the global adiponitrile industry is divided into chemical intermediate and automotive segments. Furthermore, the automotive segment, which accrued approximately 71% of the global industry proceeds in 2023, is set to make major contributions towards global industry profitability in the forecasting timeline. The expansion of the segment in the analysis timeline can be credited to a rise in the use of adiponitrile in vehicles owing to its lightweight features leading to low fuel emissions from vehicles.

Adiponitrile Market: Report Scope

Adiponitrile Market: Regional Insights

Asia-Pacific is expected to retain leadership rank in the global market during the forecast timespan

Asia-Pacific, which accounted for 56% of the global adiponitrile market revenue in 2023, is projected to establish a key position in the global market in the coming eight years. In addition to this, the regional market expansion in the forecast timeline can be credited to a rise in industrialization, a swift population explosion, and a rise in the manufacturing base in APAC. Moreover, countries such as China, India, and South Korea are likely to be the key regional revenue pockets. Apart from this, the flourishing consumer electronics sector and construction activities will contribute notably towards the regional market growth in the coming years.

North American adiponitrile industry is predicted to register the highest growth rate annually in the coming eight years. The growth of the industry in the region can be due to an increment in customer spending on the product along with the presence of key manufacturers in the North American countries. Flourishing automotive manufacturing sector and the rise in the use of product in electric cars will prop up the expansion of the industry in North America.

Adiponitrile Market: Competitive Space

The global adiponitrile market profiles key players such as:

• Butachimie
• Asahi Kasei Corp
• Adipo
• Tokyo Chemical Industry
• Asahi Kasei Corp
• Spectrum Chemical
• Ascend Performance Materials
• Kishida Chemical Co. Ltd
• Vizag Chemical
• Invista
• BASF SE.

The global adiponitrile market is segmented as follows:

By Application

• HDI
• Nylon Synthesis

By End-Use

• Chemical Intermediate
• Automotive

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa