Adiponitrile is the organic compound used in the production of nylon-6,6. Adiponitrile is used in several industries for its non-toxic properties, including paper production, petroleum and rubber industry. It has several applications in the automotive and textile industries as well.
For the textile industry, adiponitrile is commonly used as a component in motor textile parts and other parts, particularly in the production of nylon 6,6. This compound serves as an extremely safe lubricant for heavy-duty equipment. Since adiponitrile can support a wide range of temperature, it is often used for precision machining applications, especially for the production of intricate parts at high temperatures. In addition, it has good friction performance and excellent thermal conductivity for use in high-tempered coatings. For end-use, its drying time is very fast and it has excellent conformability and toughness properties for usage in aerospace and automobile industries.
Market Dynamics
Launch of nylon 6 products is expected to propel growth of the adiponitrile market. For instance, in August 2020, Nylstar, a textile technology company based in Blanes, Spain, launched yarn made from Invista recycled nylon 6,6 polymer with global recycled standard certification.
Emergence of Covid-19 is expected to offer lucrative growth opportunities for players in the adiponitrile market. For instance, globally, as of 7:03pm CET, 25 November 2020, there have been 59,481,313 confirmed cases of COVID-19, including 1,404,542 deaths, reported to the World Health Organization. The pandemic has led to increasing demand for personal protective gear made from Nylon 6. In April 2020, Invista Kingston announced that the company’s Nylon 6,6 to be used to make medical gowns. Moreover, significant growth in the textile sector is also expected to aid in growth of the adiponitrile market. For instance, according to Federation of Indian Chambers of Commerce and Industries (FICCI), the global textile industry is projected to reach US$ 1600 billion by 2026, with CAGR of 6.3%.
Competitive Analysis
Major players operating in the adiponitrile market include, Royal Dutch Shell, Rhodia group, Evonik Industries, Dupont, Solvay, Lyondellbasell Industries, Saudi Basic Industries Corporation, Invista, The DOW chemical company, BASF, Ineos, Braskem, LG Chem, JSR Corporation, and China Petroleum & Chemical Corporation among others.
Major players operating in the adiponitrile market are focused on capacity expansion to enhance their market share. For instance, in November 2020, Invista announced that the company completed a 40,000-ton/year nylon 6,6 polymer capacity expansion at its polymer plant at the Shanghai Chemical Industry Park.
In-depth Report on Adiponitrile Market by Coherent Market Insights:
https://www.coherentmarketinsights.com/ongoing-insight/adiponitrile-market-2879
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