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Growing Demand for Battery Electric Vehicles Driving the Growth of Adiponitrile Market.
BriefingWire.com, 12/29/2020 - Adiponitrile Market size is forecast to reach $14.8 billion by 2025, after growing at a CAGR of 4.5% during 2020-2025. Adiponitrile (ADN) is used to make hexamethylene diamine (HMDA), of which 92% is used to make nylon 6,6 fibers and resins, owing to this the adiponitrile market will grow. Due to the COVID 19 pandemic, the adiponitrile market are facing few hurdles during the present time.
Key Takeaways
Asia-Pacific dominates the Adiponitrile market owing to increasing demand from various end use industries such as automotive, Chemical, Medical and Others.
Adiponitrile (ADN) is used to make hexamethylene diamine (HMDA), of which 92% is used to make nylon 6,6 fibers and resins, is likely to aid in the market growth of Adiponitrile
Growing Demand for Battery Electric Vehicles Driving the Growth of Advanced Materials Market
BriefingWire.com, 12/29/2020 - Advanced Materials Market is forecast to reach $2.1 trillion by 2025, after growing at a CAGR of 4.5% during 2020-2025. Advanced Materials is a promising technology transforming the global manufacturing industry, especially in its replacement of plastics and metals with ceramics and composites in high-performance applications. Growing public interest towards end products replacements will further enhance the overall market demand for advanced materials during the forecast period.
Key Takeaways
Asia-Pacific dominates the advanced materials market owing to increasing demand from various end use industries such as automotive, aviation, building & constructions with others.