Global Adiponitrile Market Size, Share, and COVID-19 Impact Analysis, By Application (Nylon Synthesis, HDI, Electrolyte Solution, and Others), By End Use (Automobile, Chemical Intermediate, Electrical & Electronics, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Global Adiponitrile Market Insights Forecasts to 2033

• The Global Adiponitrile Market Size was estimated at USD 10.95 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 8.64% from 2023 to 2033
• The Worldwide Adiponitrile Market Size is Expected to Reach USD 25.09 Billion By 2033
• North America is expected to grow the fastest during the forecast period.

The Global Adiponitrile Market Size is Expected to cross USD 25.09 Billion By 2033, Growing at a CAGR of 8.64% from 2023 to 2033.

Market Overview

The global adiponitrile market is the industry that produces, distributes, and consumes ADN in different industries. Its development is spurred by increasing demand for nylon 6,6, technological improvements in production methods (e.g., electrochemical hydrodimerization and butadiene hydrocyanation), and the increase in automotive, textile, and industrial uses. The adiponitrile (ADN) market is undergoing a revolutionary change driven by the rising demand for high-purity ADN in emerging economies. ADN is an important raw material used in the manufacturing of nylon 6,6, a multifunctional polymer that finds application in different industries such as textiles, automotive, and electronics. The rising demand for high-purity ADN is driven by the accelerated industrialization and economic development in emerging economies. With these areas developing rapidly, there is a greater demand for high-performance materials like nylon for uses from heavy-duty fabrics to light car parts.

Report Coverage

This research report categorizes the adiponitrile market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the adiponitrile market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the adiponitrile market.

Driving Factors

The transition to electric cars in the developed and developing world would enhance the growth of current IC engine vehicles and also enhance the market for adiponitrile during the forecast period, due to the rise in production of vehicles, the demand for auto-parts will also rise and this will ultimately enhance the market growth for adiponitrile market. Besides, owing to its growing use as feedstock in the production of HDI & nylon 6,6, utilized in various end-use industries such as automobiles, chemicals, and electronics. In addition, adiponitrile is a particular organic chemical that is a key ingredient in the manufacture of nylon 6,6, a leading synthetic polymer utilized in various applications like textiles, automotive parts, and engineering plastics. The growth of end-use industries that are dependent on nylon 6,6 is a key growth driver of the adiponitrile market. The automobile sector is growing in emerging economies like India, China, and Southeast Asia, where increasing disposable incomes and urbanization are fueling vehicle ownership. The electronics sector is booming because of technology developments, including 5G, electric vehicles (EVs), and smart devices, all of which demand high-performance materials such as nylon 6,6. The construction and infrastructure sectors are also adding to demand since nylon 6,6 is applied in materials such as coatings, adhesives, and sealants. Worldwide demand for sustainable and lightweight materials is fueling the need for nylon 6,6, thus driving the adiponitrile market.

Restraining Factors

The adiponitrile market worldwide is also held back by fluctuating raw material costs, mainly butadiene, affecting production and profitability. Tough environment regulations on chemical production and emissions also present challenges, elevating compliance expenses for producers. Supply chain disruptions and geopolitical tensions may trigger raw material shortages and production postponements, destabilizing the market. Moreover, the availability of bio-based alternatives and green materials development may decrease dependence on adiponitrile-based products in the long run.

Market Segmentation

The adiponitrile market share is classified into application and end use.   

• The nylon synthesis segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the application, the adiponitrile market is divided into nylon synthesis, HDI, electrolyte solution, and others. Among these, the nylon synthesis segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growing automobile industry, especially the production of lightweight vehicles, coupled with growing infrastructure and industrial use, keeps pushing the demand for nylon-based products. Also, technology developments in manufacturing and investment in nylon supply chains contribute to the growth of the segment.

• The automobile segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the projected timeframe.

Based on the end use, the adiponitrile market is divided into automobile, chemical intermediate, electrical & electronics, and others. Among these, the automobile segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the projected timeframe. This dominance is fueled by the increased application of nylon 6,6 in car parts like engine covers, air intake manifolds, connectors, and fuel system components due to its high strength, heat resistance, and lightweight characteristics. The trend of building lighter vehicles to improve fuel efficiency and lower emissions further drives the demand for materials based on nylon.

Regional Segment Analysis of the Adiponitrile Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia-Pacific is anticipated to hold the largest share of the adiponitrile market over the predicted timeframe.

Asia-Pacific is anticipated to hold the largest share of the adiponitrile market over the predicted timeframe. This is due to continuous industrialization, increasing population, and widening manufacturing base in Asia Pacific. The region hosts some of the world's largest manufacturing economies such as China, Japan, South Korea, and India. The countries in the region, such as China, India, Japan, South Korea, Singapore, and Malaysia, are the world's largest producers of electrical and electronic products. Therefore, the adiponitrile market will increase in the coming years due to the development of the electronics sector in this region.

North America is expected to grow at the fastest CAGR in the adiponitrile market during the forecast period. The region is also aided by highly developed supply chains, heavy investment in chemical and polymer manufacturing, and the increased use of lightweight materials in automotive and aerospace. Furthermore, increasing focus on electric vehicles (EVs) and infrastructure development further boosts demand for high-performance polymers. Favorable government regulations and research and development in eco-friendly and high-efficiency manufacturing processes also propel market growth in North America.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the adiponitrile market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Spectrum Chemical Mfg. Corp.
• Tokyo Chemical Industry Co. Ltd
• Asahi Kasei Corp
• Vizag Chemical International
• Ascend Performance Materials
• BASF SE
• Butachimie
• INVISTA
• Kishida Chemical Co. Ltd
• Merck KgaA
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the Adiponitrile market based on the below-mentioned segments: 

Global Adiponitrile Market, By Application

• Nylon Synthesis
• HDI
• Electrolyte Solution
• Others

Global Adiponitrile Market, By End Use

• Automobile
• Chemical Intermediate
• Electrical & Electronics
• Others

Global Adiponitrile Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa