Adiponitrile Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Adiponitrile Market is Segmented by end-user industry (automotive and transportation, chemical, textile, electrical and electronics, and other end-user industries) and geography (Asia-Pacific, North America, Europe, South America, Middle-East, and Africa). Each segment's market sizing and forecasts are based on volume (kilotons).

Adiponitrile Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Adiponitrile Market Size

Adiponitrile Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Adiponitrile Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Adiponitrile Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Adiponitrile Market Analysis

The Adiponitrile Market size is expected to grow from 1.44 million tons in 2023 to 1.75 million tons by 2028, at a CAGR of 4% during the forecast period (2023-2028).

Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory.

  • Major factors driving the market studied are increasing demand from the electrical and textile industries.
  • On the flip side, the increasing awareness of bio-based plastics in different end-user industries is hindering the market's growth.
  • The synthesis of adiponitrile via the biocatalytic route enables a high regio- and chemo-selective approach toward dinitriles without using hydrogen cyanide or harsh reaction conditions. It is expected to offer various opportunities for the growth of the market over the forecast period.
  • Asia-Pacific region represents the largest market and is expected to be the fastest-growing market over the forecast period due to the consumption in countries such as China, Japan, India, and ASEAN Countries.

Adiponitrile Industry Overview

The adiponitrile market is consolidated. The studied market's major companies include (not in particular order) Kishida Chemical Co. Ltd, Ascend Performance Materials, Butachimie, INVISTA, and BASF SE.

Adiponitrile Market Leaders

  1. Kishida Chemical Co., Ltd.

  2. Ascend Performance Materials

  3. Butachimie

  4. INVISTA

  5. BASF SE

  6. *Disclaimer: Major Players sorted in no particular order
Adiponitrile Market Concentration
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Adiponitrile Market News

  • November 2022: INVISTA announced the construction completion of manufacturing facilities for adiponitrile at Shanghai Chemical Industry Park. This plant will include a manufacturing capacity of 400,000 tons/year.

Adiponitrile Market Report - Table of Contents

1. Introduction

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Dynamics

  • 4.1 Drivers
    • 4.1.1 Increasing Demand from Electronics and Textile Industries
    • 4.1.2 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Increasing Awareness for Bio Based Plastics
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition
  • 4.5 Regulatory Policy Analysis
  • 4.6 Technological Snapshot

5. Market Segmentation (Market Size in Volume)

  • 5.1 End-user Industry
    • 5.1.1 Automotive and Transportation
    • 5.1.2 Chemical
    • 5.1.3 Textile
    • 5.1.4 Electrical and Electronics
    • 5.1.5 Other End-user Industries
  • 5.2 Geography
    • 5.2.1 Asia-Pacific
    • 5.2.1.1 China
    • 5.2.1.2 India
    • 5.2.1.3 Japan
    • 5.2.1.4 South Korea
    • 5.2.1.5 Rest of Asia-Pacific
    • 5.2.2 North America
    • 5.2.2.1 United States
    • 5.2.2.2 Canada
    • 5.2.2.3 Mexico
    • 5.2.3 Europe
    • 5.2.3.1 Germany
    • 5.2.3.2 United Kingdom
    • 5.2.3.3 Italy
    • 5.2.3.4 France
    • 5.2.3.5 Rest of Europe
    • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Argentina
    • 5.2.4.3 Rest of South America
    • 5.2.5 Middle-East and Africa
    • 5.2.5.1 Saudi Arabia
    • 5.2.5.2 South Africa
    • 5.2.5.3 Rest of Middle-East and Africa

6. Competitive Landscape

  • 6.1 Merger & Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Ascend Performance Materials
    • 6.4.2 BASF SE
    • 6.4.3 Butachimie
    • 6.4.4 INVISTA
    • 6.4.5 Kishida Chemical Co. Ltd
    • 6.4.6 Merck KgaA
    • 6.4.7 Spectrum Chemical Mfg. Corp.
    • 6.4.8 Tokyo Chemical Industry Co. Ltd
    • 6.4.9 Vizag Chemical International
  • *List Not Exhaustive

7. Market Opportunities and Future Trends

  • 7.1 Biocatalytic Production of Adiponitrile
**Subject to Availability
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Adiponitrile Industry Segmentation

Adiponitrile (ADN) is a key precursor to hexamethylenediamine (HMDA) production. About 90% of HMDA is consumed in the nylon 66 chain. The adiponitrile market is segmented by end-user industry and geography. The market is segmented into automotive and transportation, chemical, textile, electrical and electronics, and other end-user industries by end-user industry. The report also covers the market size and forecasts for the adiponitrile market in 15 countries across major regions. Each segment's market sizing and forecasts are based on volume (tons).

End-user Industry Automotive and Transportation
Chemical
Textile
Electrical and Electronics
Other End-user Industries
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
Geography North America United States
Canada
Mexico
Geography Europe Germany
United Kingdom
Italy
France
Rest of Europe
Geography South America Brazil
Argentina
Rest of South America
Geography Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Adiponitrile Market Research FAQs

What is the current Adiponitrile Market size?

The Adiponitrile Market is projected to register a CAGR of 4% during the forecast period (2024-2029)

Who are the key players in Adiponitrile Market?

Kishida Chemical Co., Ltd., Ascend Performance Materials, Butachimie, INVISTA and BASF SE are the major companies operating in the Adiponitrile Market.

Which is the fastest growing region in Adiponitrile Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

Which region has the biggest share in Adiponitrile Market?

In 2024, the Asia Pacific accounts for the largest market share in Adiponitrile Market.

What years does this Adiponitrile Market cover?

The report covers the Adiponitrile Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Adiponitrile Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Adiponitrile Industry Report

Statistics for the 2024 Adiponitrile market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Adiponitrile analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.