ADIPONITRILE MARKET ANALYSIS

Regional Analysis

Market Outlook

Developed economies such as the U.S. are expected to dominate the market share owing to a variety of applications of nylon 6,6 in the textile and automotive sector. Emerging economies such as China are also expected to contribute significantly to the market growth over the forecast period. Government initiatives such as ‘Make in India’ are also propelling demand for adiponitrile in India, which in turn will contribute to the growth of the adiponitrile market in the Asia Pacific region. The rapidly growing automotive sector in China is also projected to account for the rise in consumption of adiponitrile in the region. Furthermore, the flourishing automotive sector in countries such as Germany, Sweden and Italy is expected to support growth of the Europe adiponitrile market. Other regions such as Latin America, Middle East, and Africa are witnessing significant industrialization and are likely to emerge as major markets for adiponitirile over the course of the next few years. However, increasing competition and entry of new market players has resulted in a price rivalry in some of the developed economies, which has led manufacturers to shift focus to emerging regions such as China to set up new production facilities. This, in turn, is estimated to facilitate growth of the Asia Pacific adiponitrile market over the forecast period.

Geographies Covered