Adiponitrile Market has been segmentedbased on product type, application, and region. By application, theglobal market has been divided into chemical, medical, personal care, electronics, automobile, textile, and others. The textile segment accounted for the largest market share and is expected to register the highest CAGR during the forecast period.
The growth is attributed to its increasing demand in the apparel industry.The segment is expected to hold more than one-third of market value share andis expected to continue the same trend during the forecast period. However, the chemical segment is also expected to add to the growth of the global market and is expected to register a moderate CAGR during the review period.
Some of the key players operating inthe global adiponitrile market are BASF (Germany), LG Chem (South Korea),Sinopec (Beijing), Ineos (Germany), DowDuPont (US), Evonik Industries(Germany), SABIC (Saudi Arabia), Royal Dutch Shell (The Netherland), and JSR Corporation (Japan), among others.
Based on product type, the global market has been divided intopolyurethane; nylon 6,6; fiber; nylon 6,6 resin; adipate esters; and others.The nylon 66 segment accounted for the largest market share of the global adiponitrile market in terms of volume and value owing to its excellent properties.
The adipate ester segment is expected to witness moderate growth in theglobal adiponitrile market owing to its increasing application in the chemicaland electronics industries.
The global adiponitrile market has been classified into North America,Europe, Asia Pacific, Latin America, and the Middle East & Africa.Asia-Pacific is expected to hold the largest share of the global adiponitrile market on account of the growth of the end-use industries in the region, especially the textile, construction, and electronics. China is expected to hold more than two third of market value share in Asia Pacific market.
North America and Europe areexpected to be the prominent markets for adiponitrile due to the increasingdemand in the automotive and chemical industry. The regional markets are expected to witness high demand during the forecast period.
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