Asia Pacific Adiponitrile Market Size & Outlook, 2022-2030
Asia Pacific adiponitrile market, 2018-2030 (US$M)
Related Markets
Asia Pacific adiponitrile market highlights
- The Asia Pacific adiponitrile market generated a revenue of USD 3,843.6 million in 2022.
- The market is expected to grow at a CAGR of 9% from 2023 to 2030.
- In terms of segment, nylon synthesis was the largest revenue generating application in 2022.
- Electrolyte Solution is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 3,843.6 million |
| Market revenue in 2030 | USD 7,666.9 million |
| Growth rate | 9% (CAGR from 2022 to 2030) |
| Largest segment | Nylon synthesis |
| Fastest growing segment | Electrolyte Solution |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nylon Synthesis, HDI, Electrolyte Solution, Other Applications |
| Key market players worldwide | Asahi Kasei Corp, Ascend Performance Materials, Basf SE, INVISTA, Tokyo Chemical Industry, Butachimie, Spectrum Chemicals |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 39.7% of the global adiponitrile market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,666.9 million by 2030.
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Adiponitrile Market Scope
Adiponitrile Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific adiponitrile market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to adiponitrile market will help companies and investors design strategic landscapes.
Nylon synthesis was the largest segment with a revenue share of 83.34% in 2022. Horizon Databook has segmented the Asia Pacific adiponitrile market based on nylon synthesis, hdi, electrolyte solution, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
Ongoing industrialization, growing population, and expanding manufacturing base in Asia Pacific have contributed to the increasing demand for adiponitrile in the region. Several factors influence the demand for adiponitrile and trends related to it in the market in Asia Pacific.
Manufacturers are expanding and entering the market for producing nylon 6, 6. For instance, in April 2022, Shandong Longhua New Material publicized an investment of around USD 1.1 billion to develop the largest nylon 6, 6 factory in China having a production capacity of more than 1 million tons.
Nylon 6, 6 resin is one of the major constituents for manufacturing different chemical intermediates, electrical and electronic products, and automobiles and their components. It is used for developing connectors of mobile phones, motherboards of computers, etc.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific adiponitrile market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific adiponitrile market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific adiponitrile market size, by country, 2018-2030 (US$M)
Asia Pacific Adiponitrile Market Outlook Share, 2022 & 2030 (US$M)
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