The global market for adiponitrile is expected to grow at a
moderate CAGR of 4.5% during the forecast period (2019 to 2029) to reach a
valuation of more than US$ 12 Bn.
The adiponitrile
market is growing at a CAGR of around 4.5% through 2029,
bolstered by a strong demand for polymer nylon 6-6, which finds widespread
applications in the production of commodities such as electro-insulation,
conveyor belts, and carpet fibers.
The adiponitrile market is also being supported by an upward
trajectory in the Asia Pacific region, owing to the easier availability of low
cost facilities for production.
The demand for nylon 6-6 is continuing to grow across United
States and Europe, owing to its use as a popular resin in engineering
applications.
This is particularly true in terms of the demand for tyre
cords from the global automotive segment, which is generating a number of
lucrative opportunities in the market for the near future. On the basis of this
trend, the sales of adiponitrile are expected to surpass US$ 12 Bn by the end
of 2029.
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Key Takeaways of
Adiponitrile Market Study
Adiponitrile for nylon synthesis applications will hold
control over 85% of the global adiponitrile market with a growth of 1.4 x
through the forecast period, with a slower rate of growth.
Most end use applications for adiponitrile will be aimed
towards the production of automotive components and materials, which will
account for ~42% of the global market, necessitated by the high strength and
temperature requirements of components such as plug parts, radiator housing,
and hydraulic brakes.
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