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The adiponitrile market size is estimated to increase by USD 2.27 billion at a CAGR of 4.39% between 2023 and 2028. The growth of the market depends on several factors, including increasing applications in the electrical and electronics sector, growing demand for battery electric vehicles, and high demand from APAC. The market is witnessing notable expansion, driven by the growing need for polymers within the electrical and electronics sector. Polymers like nylon 6,6 hold a critical position in this industry owing to their ability to withstand elevated temperatures and surface mount technology procedures. Widely employed in the production of connectors, electronic control modules, and sensors, nylon 6,6 provides enhanced flame-retardant properties, ensuring heightened safety standards.
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The market share growth by the automotive segment will be significant during the forecast period. Many polymers such as nylon 66 and polyamide 66 are preferred over metals in automotive applications where process temperatures exceed technological limits. It has excellent chemical resistance, long life, and hydrolysis resistance. Nylon 6,6 has gained importance in the automotive industry for interior, exterior, chassis, and other applications due to its superior properties such as high tensile strength, improved chemical and high resistance and improved abrasion resistance. In this industry, it is common to justify the high cost of materials in the price of automotive products. The price factor also favors polymers, as stainless steel makes certain automotive applications more expensive. The use of polymers makes it easier and less costly to manufacture automotive parts. Market participants are expected to keep an eye on potential growth opportunities in the Asia-Pacific region during the forecast period.
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The automotive segment was valued at USD 3.74 billion in 2018. Adiponitrile is commonly used in the production of nylon 66 fibers and resins. Nylon 66 is in increasing demand due to its high dimensional stability, excellent melting point, and compact molecular structure. Nylon 66 has improved tensile strength, excellent abrasion resistance, excellent machinability, and a high melting point. Demand for synthetic nylon is expected to grow at a faster rate during the forecast period. Global demand for adiponitrile is increasing due to the widespread availability of nylon, which has properties such as high tensile strength, high resistance to friction and abrasion, electrical insulation, and corrosion resistance.
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APAC is estimated to contribute 61% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Especially in China and India, the development, industrialization and expansion of the automotive industry are becoming more and more important, which is expected to increase the demand for adiponitrile in this region. The rapidly expanding electrical and electronics industry in APAC is expected to drive the adiponitrile market in the region. China and India are seeing increased demand for actuators and sensors. Moreover, Japan is one of the largest markets for adiponitrile due to the growing demand for polymers in the automotive and electronics industries. Due to the large number of device manufacturers in APAC, polymer consumption for electrical and electronic applications is higher than in Europe. Due to the large number of original equipment manufacturers (OEMs) in the Asia-Pacific region, the use of adiponitrile in the production of automotive parts is increasing. In order to reduce production costs and serve the market effectively, major global companies have moved their production bases to developing countries such as India and China. The APAC adiponitrile market growth is driven by a high economic growth rate, increasing number of manufacturing industries, increasing foreign investment, availability of low-cost labor force, and increasing use of polymers in various industries. Hence, such factors are driving the market in APAC during the forecast period.
The market is a significant segment of the chemical industry, primarily used in the production of Hexamethylene Diamine (HDI), a crucial intermediate in the synthesis of Nylon-6,6. The major applications of Adiponitrile are in the automobile industry for manufacturing engine coolants, and lubricants, and as a raw material in the production of Para-aramid synthetic fibers for textiles and construction. Additionally, it finds extensive usage in the manufacturing of lithium-ion batteries for electric vehicles and electronics, bio-based plastics, and bioresorbable polymers. The market is driven by the growing demand for lightweight materials in the transportation sector for enhancing fuel efficiency and reducing weight. Adiponitrile also finds applications in the production of Polyurethane products, including coatings, foams, and elastomers. The market is expected to witness steady growth due to the increasing demand for affordable healthcare, electrical insulation, and construction materials. Bio-Adiponitrile, a renewable alternative to traditional Adiponitrile, is gaining popularity due to its eco-friendly nature and sustainability. The market is expected to grow significantly due to the increasing demand for sustainable and cost-effective solutions in various industries. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is experiencing significant growth, propelled by the increasing demand for polymers in the electrical and electronics industry. Polymers such as nylon 6,6 play a vital role in this sector due to their resistance to high temperatures and surface mount technology processes. Nylon 6,6 is extensively utilized in manufacturing connectors, electronic control modules, and sensors, offering improved flame resistance.
Moreover, competitive pricing and customized products further sustain the market in the electrical and electronics industry. The technological advancements have transformed the sector, with ASEAN emerging as a key hub for design research and low-cost manufacturing. Meanwhile, China remains dominant but faces competition from ASEAN countries advancing in technological progress. This increasing demand for polymers like nylon 66, facilitated by factors such as bio-based plastics and environment-friendly properties, is expected to fuel the growth of the adiponitrile market during the forecast period.
The replacement of polymers in place of metals in different applications is a key trend influencing the market growth. It is used as an intermediate in the production of polymers such as nylon 66. The use of polymers in the automotive, aerospace, electrical and electronic, and other energy industries offers manufacturers considerable design flexibility and contributes to weight reduction. It is used in many applications as a metal substitute. Weight savings of 70-80% are possible using polymers instead of metals. Using polymers such as Nylon 6.6 and Polyamide 6.6 instead of metal reduces cycle times and increases durability. In addition, the installation time has also been greatly reduced.
Electrical and electronic devices are becoming thinner, lighter, and more intelligent. Manufacturers are choosing to both directly replace metals and integrate polymers with metals to improve performance and meet new industry demands. Polymers are metal replacements in sensors and connectors, mobile device housings, switches, circuit boards, batteries, printers, and more. In these applications, it is also used to enhance the aesthetics and texture of anodized aluminum. These factors are expected to stimulate the target market's expansion during the forecast period.
The strict policies and regulations by numerous government agencies are challenging the market growth. The U.S. Environmental Protection Agency (EPA) and Chemical Registration, Evaluation, Authorization, and Restriction (REACH) regulations on volatile organic compound (VOC) content in specialty chemicals pose significant challenges to the growth of the global market. In August 2013, the Massachusetts Department of Environmental Protection (MassDEP) imposed strict VOC limits on adhesives and sealants. US Regulation 310 CMR 7.18(30) mandates VOC limits for industrial and commercial adhesives, including specialty chemicals.
California has set VOC limits for many products, adhesives, and sealants. The state has established 13 Air Pollution Control Districts (APCD) or Air Quality Control Districts (AQMD) with VOC limits for adhesives and sealants. Suppliers of specialty chemicals must comply with these standards to meet VOC requirements. In Europe, EU No. 10/2011 regulates the use of products such as plastic materials and adhesives as indirect food additives. Growth of the global market may be hampered by stringent regulations and policies regarding the use of chemicals during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Asahi Kasei Corp: The company provides adiponitrile monomer, which is used in the production of ABS resin, acrylic fiber, nitrile-butadiene rubber (NBR), and adiponitrile (ADN).
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
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Adiponitrile is a crucial chemical compound used in the production of Hexamethylene Diamine (HDI), a key ingredient in the synthesis of Nylon-6,6. The primary applications of Adiponitrile are in the manufacturing of Para-aramid synthetic fibers, used in textiles and construction, and in the production of Polyurethane products and coatings. In the automobile industry, Adiponitrile is employed in the production of Lithium-ion batteries for Electric and Electric Vehicles (EVs), contributing to the transportation sector's shift towards fuel efficiency and environmental norms. Additionally, Adiponitrile finds application in the production of Bio-adiponitrile, a bio-based plastic, which is gaining popularity due to its eco-friendly nature. The chemical industry also utilizes Adiponitrile in the production of Polypropylene, Bioresorbable polymers, and Polyvinylidene fluoride. In the electronics sector, Adiponitrile is used in the manufacturing of connectors and other components. The market landscape depends on the Nylon substitutes, Polyurethane coatings, Airbags, Plug-in hybrid electric vehicles, Nylon production capacity, Highways, roads, transport, field, and soil. The affordable healthcare sector uses Adiponitrile in the production of Bio-based plastics for medical devices and implants. The market is driven by the increasing demand for lightweight materials in the transportation sector, the growing production capacity of Nylon, and the rising popularity of battery-powered EVs. The market is expected to witness significant growth in the coming years, with applications in various fields, including textiles, construction, electrical, and more.
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Market Scope |
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Report Coverage |
Details |
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Page number |
187 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.39% |
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Market growth 2024-2028 |
USD 2.27 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.13 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 61% |
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Key countries |
China, US, India, Germany, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Asahi Kasei Corp., Ascend Performance Materials, BASF SE, Butachimie, DuPont de Nemours Inc., Eastman Chemical Co., Formosa Plastics Corp., Hongye Holding Group Corp. Ltd., Koch Industries Inc., LG Corp., Mitsubishi Chemical Corp., Shandong Xinhua Pharmaceutical I and E Co. Ltd., Shenma Industrial Co. Ltd., Sinochem Group Co. Ltd., Sinopec Shanghai Petrochemical Co. Ltd., Solvay SA, Taekwang Group, Toray Industries Inc., Ube Corp., and Zibo Qixiang Tengda Chemical Co. Ltd. |
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Market dynamics |
Parent market analysis, market research report, Market forecasting, market forecast , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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