Adiponitrile Market has been segmented based on product type, application, and region. By application, the global market has been divided into chemical, medical, personal care, electronics, automobile, textile, and others. The textile segment accounted for the largest market share and is expected to register the highest CAGR during the forecast period.
The growth is attributed to its increasing demand in the apparel industry. The segment is expected to hold more than one-third of market value share and is expected to continue the same trend during the forecast period. However, the chemical segment is also expected to add to the growth of the global market and is expected to register a moderate CAGR during the review period.
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Competitive Analysis:
Some of the key players operating in the global adiponitrile market are BASF (Germany), LG Chem (South Korea), Sinopec (Beijing), Ineos (Germany), DowDuPont (US), Evonik Industries (Germany), SABIC (Saudi Arabia), Royal Dutch Shell (The Netherland), and JSR Corporation (Japan), among others.
Based on product type, the global market has been divided into polyurethane; nylon 6,6; fiber; nylon 6,6 resin; adipate esters; and others. The nylon 66 segment accounted for the largest market share of the global adiponitrile market in terms of volume and value owing to its excellent properties.
The adipate ester segment is expected to witness moderate growth in the global adiponitrile market owing to its increasing application in the chemical and electronics industries.
Regional Analysis
The global adiponitrile market has been classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to hold the largest share of the global adiponitrile market on account of the growth of the end-use industries in the region, especially the textile, construction, and electronics. China is expected to hold more than two third of market value share in Asia Pacific market.
North America and Europe are expected to be the prominent markets for adiponitrile due to the increasing demand in the automotive and chemical industry. The regional markets are expected to witness high demand during the forecast period.
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The Latin American and the Middle East & African markets are likely to register moderate growth during the review period as a result of the growing end-use industries in the regions.
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Fact.MR, in a recently published market study, highlights the important factors that are expected to shape the growth of the Adiponitrile market over the forecast period (2019-2029).
The current trends, market drivers, opportunities, and restraints are thoroughly evaluated to provide a clear understanding of the current market landscape and the course the Adiponitrile market is likely to take over the upcoming decade.The COVID-19 (Coronavirus) outbreak has led to both advantages and disadvantages for companies in the Adiponitrile market.
With the help of our recently published report, market players can adopt innovative strategies to overcome the challenges that lie ahead of the COVID-19 lockdown period.
Through our research study, companies can gain factual information about COVID-19 and how it’s impacting the sales of products in the global market landscape.According to the report, the Adiponitrile market is slated to register a CAGR growth of 4.5% through the considered assessment period owing to several key factors including growing investments in the Adiponitrile, rise in the number of research and development projects, favorable regulatory policies and more.
The analysts at Fact.MR deploy present-day research techniques while curating the market study and gather data from credible and trusted primary and secondary sources.To know more about this market, request a sample @ https://www.factmr.com/connectus/sample?flag=S_id=4486 In this Adiponitrile market study, the following years are considered to project the market footprint:History Year: 2014 - 2018Base Year: 2014Estimated Year: 2019Forecast Year: 2019 – 2029After reading the Adiponitrile market report, readers can:Understand the drivers, restraints, opportunities and trends affecting the growth of the global Adiponitrile market.Analyze key regions holding significant share of the total Adiponitrile market revenue.Study the growth outlook of the global Adiponitrile market scenario, including production, consumption, history and forecast.Learn consumption pattern and impact of each end use on the Adiponitrile market growth.Investigate the recent R projects performed by each Adiponitrile market player.Reports available at discounted prices for first-time buyers!
Offer expires soon!The Adiponitrile market report covers the following regions:North AmericaLatin AmericaEuropeJapanAPEJMEAOn the basis of product type, the Adiponitrile market report considers the following segments:Nylon SynthesisHexamethylene Diisocyantes (HDI)Electrolyte solutionOther applicationsOn the basis of end-use, the Adiponitrile market report includes:Chemical intermediateAutomotiveElectronicsTextilesProminent Adiponitrile market players covered in the report contain:Spectrum Chemical Mfg.
