Adiponitrile Market By Production Process (Hydrogenation, Ammonia-based), By Raw Materials (Adipic Acid, Acrylonitrile), By End-Use Industry (Automotive, Electronics, Textiles, Agriculture, Pharmaceuticals), and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Adiponitrile Market was valued at USD 4.2 billion in 2023 and will surpass USD 6.8 billion by 2030; growing at a CAGR of 7.0% during 2024 - 2030.

The adiponitrile market is an essential component of the global chemicals industry, as adiponitrile serves as a key intermediate in the production of nylon 6,6, a critical polymer used in a variety of high-performance applications, including automotive, electronics, and textiles. The increasing demand for nylon 6,6 in these sectors has been driving the growth of the adiponitrile market. As industries continue to seek stronger, lighter, and more durable materials, adiponitrile's role as a precursor to these materials remains indispensable. Additionally, with rising awareness of environmental sustainability, innovations in cleaner production processes are contributing to the market's evolution, with companies increasingly adopting more sustainable methods to meet growing demand.

The adiponitrile market is also influenced by the demand from diverse end-use industries such as pharmaceuticals, agriculture, and electronics. With the ongoing expansion of these industries, particularly in emerging economies, the need for adiponitrile is expected to continue its upward trajectory. Moreover, the industry is exploring new raw material sources and production processes to optimize costs and reduce environmental footprints. With a steady increase in the adoption of adiponitrile in both traditional and novel applications, the market is poised for continued growth in the coming years.

Hydrogenation Production Process Is Largest Owing to Its Efficiency and Cost-Effectiveness

The hydrogenation production process is the largest segment in the adiponitrile market, owing to its efficiency and cost-effectiveness. In this method, adipic acid is reacted with hydrogen under specific conditions to produce adiponitrile. This process is widely used due to its well-established technology and ability to produce high-purity adiponitrile at a lower operational cost compared to other methods. Hydrogenation also benefits from a more straightforward chemical reaction that does not require highly toxic or hazardous substances, making it more suitable for large-scale industrial production.

The popularity of hydrogenation is also driven by the fact that it offers better control over product quality and yield, which are critical factors in industrial applications. As demand for high-performance materials such as nylon 6,6 in industries like automotive and textiles continues to rise, the hydrogenation process remains the preferred method for adiponitrile production, making it the largest segment in the market.

Acrylonitrile Raw Material Is Fastest Growing Owing to Increased Demand in Automotive and Electronics

The acrylonitrile raw material segment is the fastest growing in the adiponitrile market, driven by its increased use in industries such as automotive and electronics. Acrylonitrile is one of the primary raw materials used in the production of adiponitrile, and its growing demand is closely tied to the expanding need for materials that support lightweight, durable, and high-performance products. In the automotive industry, for example, acrylonitrile is used to produce nylon 6,6, which is integral to manufacturing lightweight and strong components that contribute to fuel efficiency and safety. Similarly, in the electronics sector, acrylonitrile is used in the production of components that require high thermal stability and electrical insulation.

The shift towards more energy-efficient, durable, and cost-effective materials in both automotive and electronics industries has resulted in a rapid increase in demand for acrylonitrile, thus boosting the production of adiponitrile. As acrylonitrile’s role in critical applications continues to expand, it is expected to remain the fastest growing raw material segment in the adiponitrile market.

Automotive End-Use Industry Is Largest Owing to Rising Demand for Lightweight and High-Performance Materials

The automotive end-use industry is the largest consumer of adiponitrile, driven by the increasing demand for lightweight, durable, and high-performance materials. Adiponitrile is primarily used in the production of nylon 6,6, a critical material in automotive manufacturing due to its strength, heat resistance, and lightweight properties. As the automotive industry places greater emphasis on fuel efficiency, performance, and sustainability, the demand for lightweight components made from high-performance polymers like nylon 6,6 has surged. This, in turn, drives the need for adiponitrile, as it is the key precursor to nylon 6,6.

The automotive industry’s demand for advanced materials to improve vehicle performance, coupled with the growing trend toward electric vehicles (EVs), has significantly boosted the consumption of adiponitrile. Nylon 6,6 is used in a wide range of automotive components, including engine parts, gears, and electrical systems, ensuring that the automotive sector remains the largest end-user of adiponitrile for the foreseeable future.

Asia Pacific Is Fastest Growing Region Owing to Industrialization and Automotive Growth

The Asia Pacific region is the fastest growing market for adiponitrile, primarily driven by rapid industrialization and significant growth in the automotive and electronics industries. Countries such as China, India, and Japan are major consumers and producers of adiponitrile, with China leading the market as both a producer and a consumer. The region’s increasing demand for lightweight, high-strength materials in automotive manufacturing, particularly for components made from nylon 6,6, has fueled the growth of the adiponitrile market. Additionally, the expanding electronics industry in Asia Pacific, coupled with the region's increasing demand for advanced materials, further accelerates the market's growth.

As Asia Pacific continues to experience robust industrial growth, the demand for adiponitrile in sectors such as automotive, electronics, and textiles is expected to rise, cementing the region’s position as the fastest growing market for adiponitrile. The region's ongoing investment in infrastructure and manufacturing capabilities will continue to support the demand for adiponitrile across multiple applications, ensuring sustained market growth.

Leading Companies and Competitive Landscape

The competitive landscape of the adiponitrile market is marked by the presence of both established chemical companies and emerging players focused on innovation and sustainability. Leading companies such as Ascend Performance Materials, BASF, and Invista dominate the market with a strong presence in adiponitrile production. These companies have well-established production facilities and supply chains, enabling them to meet the growing demand for adiponitrile from key industries like automotive, textiles, and electronics.

As the market evolves, companies are increasingly focusing on optimizing production processes and exploring alternative raw materials to reduce costs and minimize environmental impact. In particular, the growing emphasis on sustainability and the shift towards more eco-friendly production methods are shaping the competitive dynamics of the market. Smaller, specialized companies are also gaining traction by developing innovative solutions that meet the rising demand for environmentally sustainable and high-performance materials. The competitive environment will continue to evolve, with a focus on technological advancements, production efficiency, and the ability to meet shifting consumer demands for sustainable chemicals.

Recent Developments:

• In November 2024, Invista announced the expansion of its adiponitrile production capacity in North America.
• In October 2024, BASF launched a new sustainable adiponitrile production process to reduce carbon emissions.
• In September 2024, Asahi Kasei Corporation entered into a joint venture with a Chinese firm to boost adiponitrile production in Asia.
• In August 2024, Evonik Industries revealed plans to increase its global adiponitrile output by 20% by 2025.
• In July 2024, Ascend Performance Materials acquired a competitor in the European adiponitrile market to strengthen its regional presence.

List of Leading Companies:

• Invista
• BASF
• Asahi Kasei Corporation
• Mitsubishi Chemical Corporation
• Ascend Performance Materials
• Honeywell International Inc.
• Evonik Industries
• LG Chem
• Dow Inc.
• Reliance Industries Limited
• Sinopec Limited
• China Petroleum & Chemical Corporation (Sinopec)
• DSM
• Shenhua Group Corporation Limited
• Givaudan

Report Scope: