Middle East & Africa Adiponitrile Market Size & Outlook
Middle East & Africa adiponitrile market, 2018-2030 (US$M)
Related Markets
MEA adiponitrile market highlights
- The MEA adiponitrile market generated a revenue of USD 497.9 million in 2022.
- The market is expected to grow at a CAGR of 6.4% 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, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 497.9 million |
| Market revenue in 2030 | USD 817.7 million |
| Growth rate | 6.4% (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, MEA region accounted for 5.1% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Adiponitrile Market Scope
Adiponitrile Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 92.01% in 2022. Horizon Databook has segmented the Middle East & Africa adiponitrile market based on nylon synthesis, hdi, electrolyte solution, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for adiponitrile in the Middle East & Africa is expected to rise in the coming years owing to the rapid growth of the automotive, electrical & electronics, and textiles industries in the region.
According to the International Trade Administration, Saudi Arabia accounted for a share of approximately 52% of the total vehicles sold in the Gulf Cooperation Council in 2020 with approximately 35% of them sold in the Middle East/North Africa only.
Moreover, according to the Ministry of Industry and Mineral Resources and the Saudi Industrial Development Fund (SIDF), the country is planning to increase the production of cars to approximately 300,000 units annually by 2030.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa adiponitrile market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa adiponitrile market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA adiponitrile market size, by country, 2018-2030 (US$M)
Middle East & Africa Adiponitrile Market Outlook Share, 2022 & 2030 (US$M)
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