Global adiponitrile market is expected to grow significantly over the forecast period owing to its increasing use in the production of nylon 6-6. Adiponitrile is colourless organic liquid compound used for the synthesis of hexamethylenediamine, which is used for the production of polymer nylon 6-6. Adiponitrile is prepared commonly by hydrocyanation of butadiene using nickel as a catalyst.
The compound is hydrogenated to form hexamethylenediamine which further helps in the formation of nylon6-6. Moreover, nylon 6-6 being waterproof and light in weight finds wide applications in swim-wear which is predicted to spur the consumption of adiponitrile over the next seven years. Mounting demand for adiponitrile on account of higher mechanical strength along with higher temperature is likely to augment market growth over the forecast period.
Growing use of adiponitrile in plastic, fiber and textile industries is expected to fuel market demand over the forecast period. Moreover, increasing demand from plastics and automotive sector for nylon 6-6 will be the key driver for rising demand over the projected period. However, environmental and health concerns related to adiponitrile is expected to restrain market growth over the forecast period. Moreover, fluctuating butadiene prices on account of variation in natural gas prices is expected to restrict the market growth over the next seven years.
Adiponitrile find wide variety of applications in carpet fibers, conveyor belts, electro-insulating elements, plastic industry, automotive industry, and strings in musical instruments, tire cords, textile industry, and ropes. Rising consumption for the synthesis of rubber accelerators and corrosion inhibitors is further expected to spur market size.
Rapid growth in the textile industry is likely to propel market growth over the next seven years. Furthermore, accelerating demand in production of adipic acid that finds use in polyurethane applications including footwear, auto seating and thermal insulation is expected to spur market growth over the forecast period. In addition, increasing demand in the footwear and fiber industry is further expected to surge the consumption over the forecast period.
Growing usage in engineering resins is expected to drive demand over the next seven years. Rising transportation sector particularly in Asia Pacific will augment the market growth on account of their use in tyre cords. North America is expected to witness substantial growth over the forecast period owing to flourishing automotive and plastic sector particularly in the U.S. Moreover, rising demand as a corrosion inhibitor is likely to contribute towards higher consumption in the region.
Asia Pacific will grow significantly over the next seven years as a result of swift growth in textile industry coupled with huge demand for tyre cord particularly in India and China. Moreover, rapid development in the automotive sector in China is likely to enhance the consumption for adiponitrile in the near future. Furthermore, Government of India’s initiative of “Make in India” is predicted to boost the demand for adiponitrile in this region.
Europe is predicted to grow substantially over the next seven years on account of mounting automotive sector in various countries including Sweden, Italy and Germany. Moreover, higher consumption of carpets and fiber products is likely to boost the demand growth over the forecast period. Latin America and MEA will provide ample of opportunity for growth on account of increasing demand from industrial sector, as a result of accelerating consumption in conveyor belts, tire cords and electro-insulating materials.
Global key players include DuPont, Solvay Group, Invista, Lyondellbasell Industries, BASF, LG Chem, China Petroleum & Chemical Corporation, Ineos, Braskem, The Dow Chemical Company, Evonik Industries, JSR Corporation, Saudi Basic Industries Corporation and the Royal Dutch Shell. Invista offers DYTEK Adiponitrile which is a high boiling, high-purity aliphatic dinitrileliquid.
Invista is one of the global leaders in the production of adiponitrile which is used for making nylon 6-6. Moreover, Invista’s butadiene based adiponitrile producing technology is a cost efficient and effective technology used. The technology is likely to be 30% more energy efficient. Solvay Group offers adiponitrile which are biodegradable and adheres to the REACH regulations. Solvay and Invista entered into joint venture in order to manufacture adiponitrile (ADN), in China so as to cater increasing demand from plastic industry.
Avail customized purchase options to meet your exact research needs:
Get your queries resolved from an industry expert.
Design an exclusive study to serve your research needs.
A testimonial for service in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.
"The quality of research they have done for us has been excellent..."
