Latin America Adiponitrile Market Size & Outlook
Latin America adiponitrile market, 2018-2030 (US$M)
Related Markets
Latin America adiponitrile market highlights
- The Latin America adiponitrile market generated a revenue of USD 196.9 million in 2022.
- The market is expected to grow at a CAGR of 5.6% from 2023 to 2030.
- In terms of segment, nylon synthesis was the largest revenue generating application in 2022.
- Nylon Synthesis is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 196.9 million |
| Market revenue in 2030 | USD 305.3 million |
| Growth rate | 5.6% (CAGR from 2022 to 2030) |
| Largest segment | Nylon synthesis |
| Fastest growing segment | Nylon Synthesis |
| 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, Latin America region accounted for 2.0% 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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Latin America 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 93.35% in 2022. Horizon Databook has segmented the Latin America adiponitrile market based on nylon synthesis, hdi, electrolyte solution, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
The automotive and textiles industries in Central & South America have witnessed significant growth over the past decade. This growth has directly impacted the demand for adiponitrile, thereby influencing trends related to it in the region.
As the demand for vehicles continues to rise in Central & South America, the requirement for lightweight and durable materials has become crucial. Adiponitrile is a vital raw material for manufacturing nylon-based automotive components, which offer excellent mechanical properties, fuel efficiency, and safety.
According to OICA, Argentina and Brazil witnessed increased production of automobiles in 2022, accounting for shares of 24% and 5%, respectively of the total vehicles manufactured in the region. Additionally, according to the United Nations Economic Commission for Latin America and the Caribbean, Argentina is the third-largest automotive manufacturer in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America adiponitrile market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America adiponitrile market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America adiponitrile market size, by country, 2018-2030 (US$M)
Latin America Adiponitrile Market Outlook Share, 2022 & 2030 (US$M)
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