Home / Knowledge / News / Textiles / Adiponitrile market to surpass $12 bn by 2019: Fact MR

Adiponitrile market to surpass $12 bn by 2019: Fact MR

Feb '20
Pic: Shutterstock
Pic: Shutterstock
The adiponitrile market is growing at a compounded annual growth rate (CAGR) of around 4.5 per cent till 2029, when it may surpass $12 billion, bolstered by a strong demand for polymer nylon 6-6, which finds widespread applications in the production of commodities such as electro-insulation, conveyor belts and carpet fibres, according to a new report by market research company Fact MR.

The adiponitrile market is also being supported by an upward trajectory in the Asia Pacific region, owing to the easier availability of low cost facilities for production.

The demand for nylon 6-6 is continuing to grow across United States and Europe, owing to its use as a popular resin in engineering applications. This is particularly true in terms of the demand for tyre cords from the global automotive segment, which is generating a number of lucrative opportunities in the market for the near future. On the basis of this trend, the sales of adiponitrile are expected to surpass $12 billion by the end of 2029.

Adiponitrile for nylon synthesis applications will hold control over 85 per cent of the global adiponitrile market with a growth of 1.4 times across the forecast period, with a slower rate of growth.

Most end-use applications for adiponitrile will be aimed towards the production of automotive components and materials, which will account for nearly 42 per cent of the global market, necessitated by the high strength and temperature requirements of components like plug parts, radiator housing and hydraulic brakes.

Developed regions, including North America and Europe, are displaying a low to average rate of growth, while these cumulatively continue to hold more than 61 per cent shares in the global adiponitrile market.

While the sales of adiponitrile are expected to remain higher in developed regions, countries in the East Asia Region are rapidly gaining traction accounting for nearly 20.6 per cent share in the global market, characterised by a high rate of growth through the forecast period.

Even as automotive applications continue to hold dominance in the adiponitrile market, end use applications in the textiles sector for the production of clothing fibre, rugs and carpets, will continue to grow throughout the forecast period.

Fibre2Fashion News Desk (DS)

Must ReadView All


Textiles | On 22nd Apr 2021

ECOS urges EC to apply ecodesign principles to textile products

The international NGO Environmental Coalition on Standards (ECOS) has ...

Pic: Salvatore Ferragamo

Apparel/Garments | On 22nd Apr 2021

Salvatore Ferragamo launches new platform to discuss sustainability

Italian luxury goods company Salvatore Ferragamo has launched...

Pic: Lululemon

Apparel/Garments | On 22nd Apr 2021

Canadian retailer Lululemon announces sustainability initiatives

Canada-based Lululemon Athletica has announced 2 new initiatives that ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

We are staring at livelihood crisis for weavers

Textile Industry, Head honchos

Textile Industry
Head honchos

Value of 'Made in India' should get more importance

Meghavi Suthar,

Meghavi Suthar

Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Amanda Cioletti,

Amanda Cioletti

The entertainment/character segment lead as the largest sector for the...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Silverio Baranzano, Fitesa

Silverio Baranzano

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Madison Maxey, Loomia

Madison Maxey

Loomia designs and manufactures soft circuit systems that can be produced...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

April 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search