Adiponitrile Market
Adiponitrile Market Analysis By Application (Nylon Synthesis, Electrolyte Solutions), By End Use (Automotive, Textiles, Electrical & Electronics, Chemical Intermediates) & Region - Global Forecast 2022 to 2032
Analysis of Adiponitrile market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Adiponitrile Market Outlook (2022 to 2032)
Global adiponitrile market revenue totaled US$ 9.65 billion in 2021. The market is expected to reach a valuation of US$ 18.2 billion by 2032, rising at a CAGR of 6.2% over the decade.
| Report Attributes | Details |
|---|---|
| Global Adiponitrile Market Size (2022) | US$ 10.07 Billion |
| Projected Market Value (2032) | US$ 18.2 Billion |
| Global Market Growth Rate (2022 to 2032) | 6.2% CAGR |
| Europe Market Share (2022) | 25.5% |
| Key Companies Profiled | Ascend Performance Materials; INVISTA; Thermo Fisher Scientific; Asahi Kasei Corp.; Merck; Acros Orhanixs BVBA; Alfa Aesar; Spectrum Chemical Mfg. Corp.; Vizag Chemical International |
Demand for nylon synthesis is projected to increase at a higher CAGR of 6.7% from 2022 to 2032. Widespread usage of nylon synthesis, which has qualities such as high tensile strength, higher friction and abrasion resistance, fuel and oil resistance, electrical insulating properties, and corrosion resistant, has driven up demand for adiponitrile across the world.
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Adiponitrile Consumption Analysis (2017 to 2021) Vs Market Outlook (2022 to 2032)
“Growing Adiponitrile Adoption of Battery Electrolyte Formulation”
From 2017 to 2021, the global adiponitrile market experienced a CAGR of around 4.5%.
Adiponitrile, known as hexanedinitrile, is a colorless organic liquid. It is most commonly used as a foundation for the polymer nylon 66, which is noted for its great durability and has a variety of uses such as in conveyor belts and electrical components.
In recent years, advances in chemical analysis and polymeric studies have propelled the global adiponitrile market to new heights. The chemical and physical features of adiponitrile are driving its demand across regions. Organic chemistry has made considerable advances in recent years, resulting in an influx of new income into the worldwide adiponitrile market.
Hydrogenated adiponitrile usage as a chemical intermediary involves the use of curing agents in epoxy resins and elastomers. Nylon 66 is a popular engineering resin, which is largely used in the production of interior and exterior components in automobiles to reduce their weight and bolster fuel efficiency.
Further, adiponitrile also finds increasing usage in the development of high-performance textiles, besides widespread use in battery electrolyte formulations.
All these factors are expected to drive adiponitrile market expansion at 6.2% CAGR from 2022 to 2032.
Which Latest Market Trends are Fuelling Sales of Adiponitrile?
“Growing Usage in Textile & Healthcare Sectors and Rising Demand for Battery Electric Vehicles”
The transition towards electric vehicles in both, developed and emerging nations, will boost the growth of existing IC engine vehicles, as well as the market for adiponitrile over the forecast period. Due to the rise in vehicle production, demand for auto parts is growing, which will thereby drive adiponitrile market growth.
Due to strengthening of the textile industry, applications for rugs, mats, and apparel fibers are expected to continue to grow. This will almost definitely be a major driver of adiponitrile demand over the coming years.
Demand for adiponitrile is being fueled by its increasing use in the textile and healthcare industries. Adiponitrile demand has risen due to its use in the manufacture of personal care products, rising disposable income, and beauty and wellness trends, particularly in emerging economies.
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Which Challenges Hamper Demand for Adiponitrile to Some Extent?
“Stringent Environment Regulations Restraining Market Growth”
Governments across the world are concentrating on ways to reduce pollution and global warming. Government rules such as Odd-Even, which regulate vehicle movement in cities to reduce pollution, have encouraged individuals to travel more by commercial vehicles, which will eventually demotivate them from purchasing personal vehicles.
Adiponitrile is used to make tire cables, linings for hydraulic brake lines, molded parts, and other items; therefore, a decline in the number of people buying new cars will hurt market demand for adiponitrile end products.
Why is North America Expected to Lead the Adiponitrile Market?
“Presence of Prominent Adiponitrile Manufacturers in North America”
North America accounts for 32.4% share of the global adiponitrile market, attributed to the presence of large-scale manufacturers such as Invista and Ascend Performance Chemicals, and the high demand for adiponitrile to produce nylon 66.
Rising urbanization, increasing consumer spending, presence of key adiponitrile manufacturers, and process innovations are some of the reasons driving market expansion. Growing use of this technology in the textile, construction, chemical, and personal care sectors is fueling market expansion in the region.
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Country-wise Insights
What is the Adiponitrile Market Scenario in the U.S.?
“Increasing Hydrogenated Adiponitrile Sales Driving Market Value”
The U.S adiponitrile market is expected to rise at a high CAGR of 6.4% from 2022 to 2032. Market growth is supported by increased automotive penetration, growing hydrogenated adiponitrile sales, and rising initiatives to promote the usage of electric vehicles.
As nylon 66 resin becomes more widely used as a key engineering resin in the United States, the market for adiponitrile will expand in parallel. Increasing electric vehicle production in the United States is predicted to enhance adiponitrile usage in battery manufacturing applications over the coming years.
Will China Offer Increasing Opportunities for Adiponitrile Suppliers?
“Growing Consumption of Adiponitrile in Automotive Parts Production”
China holds 45.3% share in the APAC adiponitrile market. The need for tire cords will continue to rise as the automotive industry expands at a steady rate. The adiponitrile market is also on the rise in China due to the wide availability of lower-cost production facilities.
The market in China is rapidly gaining traction with the growing consumption of adiponitrile in the production of automotive parts, with different OEM manufacturers generating demand in the country. Prominent international manufacturers have started to push their production facilities in China in a bid to cut down production costs and meet market demand effectively.
Category-wise Insights
Which Adiponitrile Application Holds Dominant Market Share?
“Nylon Synthesis Gaining Traction Owing to Wide Range of Applications in Several End-use Industries”
Nylon synthesis accounts for 47.1% of the global adiponitrile market share. Adiponitrile is treated with many chemical procedures before being used in nylon synthesis. As a result, adiponitrile is increasingly used in nylon applications. This is a significant growth and expansion trend in the worldwide adiponitrile market.
Nylon synthesis has superior characteristics in high-temperature applications, making it ideal for a wide range of applications. Carpets, textiles, tires, gear wheels, plugs, car fuel filters, and radiator housings are some of the primary applications that require high temperature and strength.
Nylon 66 is suitable for swimwear due to its lightweight and waterproof nature. Adipic acid, which is utilized in polyurethane applications such as auto seats, footwear, and thermal insulation, is made from adiponitrile. The market is driven by the need for nylon synthesis, which uses almost all of the adiponitrile produced.
Which End Use is Expected to Gain Momentum?
“Rapid Growth of Automotive Industry Surging Adiponitrile Usage in Component Manufacturing”
The automotive industry is expected to rise at a CAGR of 7% over the forecast period. Highest application of adiponitrile can be attributed to the manufacturing of automotive components, followed by textile production. High strength, low weight, and superior heat resistance characteristics are expected to result in the substitution of conventional materials such as aluminum in vehicles and the use of synthetic polyester yarns in textile industries.
Polyamide 66 finds use in more than 70 applications in the automotive industry, including the production of essential parts such as engine covers, radiator tanks, and other components, which were conventionally made from metallic materials.
Competitive Landscape
Top companies in the adiponitrile market use new product launches, acquisitions, and R&D activities as important strategies. Many adiponitrile producers are working to improve their manufacturing efficiency across all formats.
For instance :
- In January 2020, BASF purchased Solvay's polyamide division. This acquisition will help the company expand its industrial plastics options for autonomous driving and e-mobility systems.
Key Segments Covered in Adiponitrile Industry Research
-
Adiponitrile Market by Application :
- Nylon Synthesis
- Electrolyte Solutions
- Other Applications
-
Adiponitrile Market by End Use :
- Automotive
- Textiles
- Electrical & Electronics
- Chemical Intermediates
- Other End Uses
-
Adiponitrile Market by Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 7. Global Market Volume (Units) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 8. Global Market - Pricing Analysis
- 9. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application
- 10.1. Nylon Synthesis
- 10.2. Electrolyte Solutions
- 10.3. Other Applications
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by End Use
- 11.1. Automotive
- 11.2. Textiles
- 11.3. Electrical & Electronics
- 11.4. Chemical Intermediates
- 11.5. Other End Uses
- 12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Europe
- 12.4. East Asia
- 12.5. South Asia
- 12.6. Oceania
- 12.7. Middle East and Africa (MEA)
- 13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 19. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 20. Key and Emerging Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 21. Market Structure Analysis
- 22. Competition Analysis
- 22.1. Ascend Performance Materials
- 22.2. INVISTA
- 22.3. Thermo Fisher Scientific
- 22.4. Asahi Kasei Corp.
- 22.5. Merck
- 22.6. Acros Organixs BVBA
- 22.7. Alfa Aesar
- 22.8. Spectrum Chemical Mfg. Corp.
- 22.9. Vizag Chemical International
- 23. Assumptions and Acronyms Used
- 24. Research Methodology
List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 08: Latin America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 11: Europe Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 14: South Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 17: East Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 20: Oceania Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2017 to 2021
Figure 02: Global Market Volume Forecast (in 000' Units), 2022 to 2032
Figure 03: Pricing Analysis (US$) Per Application, By Region, 2021
Figure 04: Pricing Analysis (US$) Per Application, By Region, 2021
Figure 05: Global Market Value Analysis (US$ Mn), 2017 to 2021
Figure 06: Global Market Value Forecast (US$ Mn), 2022 to 2032
Figure 07: Global Market Absolute $ Opportunity, 2022 to 2032
Figure 08: Global Market Share Analysis (%), By Application, 2022 to 2032
Figure 09: Global Market Y-o-Y Analysis (%), By Application, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Application, 2022 to 2032
Figure 11: Global Market Share Analysis (%), By End Use, 2022 to 2032
Figure 12: Global Market Y-o-Y Analysis (%), By End Use, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 14: Global Market Share Analysis (%), By Region, 2022 to 2032
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value Share, By Application, 2022 (E)
Figure 18: North America Market Value Share, By End Use, 2022 (E)
Figure 19: North America Market Value Share, By Country, 2022 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 21: North America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 25: Latin America Market Value Share, By Application, 2022 (E)
Figure 26: Latin America Market Value Share, By End Use, 2022 (E)
Figure 27: Latin America Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 29: Latin America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 30: Latin America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 31: Latin America Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 32: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 33: Europe Market Value Share, By Application, 2022 (E)
Figure 34: Europe Market Value Share, By End Use, 2022 (E)
Figure 35: Europe Market Value Share, By Country, 2022 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2017 to 2021
Figure 37: Europe Market Value Forecast (US$ Mn), 2022 to 2032
Figure 38: Europe Market Attractiveness Analysis by Application, 2022 to 2032
Figure 39: Europe Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 40: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 41: South Asia Market Value Share, By Application, 2022 (E)
Figure 42: South Asia Market Value Share, By End Use, 2022 (E)
Figure 43: South Asia Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 45: South Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 46: South Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 47: South Asia Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 48: South Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 49: East Asia Market Value Share, By Application, 2022 (E)
Figure 50: East Asia Market Value Share, By End Use, 2022 (E)
Figure 51: East Asia Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 53: East Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 54: East Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 55: East Asia Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 56: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 57: Oceania Market Value Share, By Application, 2022 (E)
Figure 58: Oceania Market Value Share, By End Use, 2022 (E)
Figure 59: Oceania Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2017 to 2021
Figure 61: Oceania Market Value Forecast (US$ Mn), 2022 to 2032
Figure 62: Oceania Market Attractiveness Analysis by Application, 2022 to 2032
Figure 63: Oceania Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 64: Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 65: Middle East and Africa Market Value Share, By Application, 2022 (E)
Figure 66: Middle East and Africa Market Value Share, By End Use, 2022 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2017 to 2021
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2022 to 2032
Figure 70: Middle East and Africa Market Attractiveness Analysis by Application, 2022 to 2032
Figure 71: Middle East and Africa Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73: U. S. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 74: U. S. Market Value Share, By Application, 2022 (E)
Figure 75: U. S. Market Value Share, By End Use, 2022 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2022 & 2032
Figure 77: Canada Market Value Share, By Application, 2022 (E)
Figure 78: Canada Market Value Share, By End Use, 2022 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2022 & 2032
Figure 80: Mexico Market Value Share, By Application, 2022 (E)
Figure 81: Mexico Market Value Share, By End Use, 2022 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2022 & 2032
Figure 83: Brazil Market Value Share, By Application, 2022 (E)
Figure 84: Brazil Market Value Share, By End Use, 2022 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 86: U. K. Market Value Share, By Application, 2022 (E)
Figure 87: U. K. Market Value Share, By End Use, 2022 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2022 & 2032
Figure 89: Germany Market Value Share, By Application, 2022 (E)
Figure 90: Germany Market Value Share, By End Use, 2022 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2022 & 2032
Figure 92: France Market Value Share, By Application, 2022 (E)
Figure 93: France Market Value Share, By End Use, 2022 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2022 & 2032
Figure 95: Italy Market Value Share, By Application, 2022 (E)
Figure 96: Italy Market Value Share, By End Use, 2022 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2022 & 2032
Figure 98: Spain Market Value Share, By Application, 2022 (E)
Figure 99: Spain Market Value Share, By End Use, 2022 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 101: Russia Market Value Share, By Application, 2022 (E)
Figure 102: Russia Market Value Share, By End Use, 2022 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2022 & 2032
Figure 104: China Market Value Share, By Application, 2022 (E)
Figure 105: China Market Value Share, By End Use, 2022 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2022 & 2032
Figure 107: Japan Market Value Share, By Application, 2022 (E)
Figure 108: Japan Market Value Share, By End Use, 2022 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2022 & 2032
Figure 110: South Korea Market Value Share, By Application, 2022 (E)
Figure 111: South Korea Market Value Share, By End Use, 2022 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2022 & 2032
Figure 113: India Market Value Share, By Application, 2022 (E)
Figure 114: India Market Value Share, By End Use, 2022 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2022 & 2032
Figure 116: ASEAN Market Value Share, By Application, 2022 (E)
Figure 117: ASEAN Market Value Share, By End Use, 2022 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 119: Australia Market Value Share, By Application, 2022 (E)
Figure 120: Australia Market Value Share, By End Use, 2022 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2022 & 2032
Figure 122: New Zealand Market Value Share, By Application, 2022 (E)
Figure 123: New Zealand Market Value Share, By End Use, 2022 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2022 & 2032
Figure 125: GCC Countries Market Value Share, By Application, 2022 (E)
Figure 126: GCC Countries Market Value Share, By End Use, 2022 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2022 & 2032
Figure 128: Turkey Market Value Share, By Application, 2022 (E)
Figure 129: Turkey Market Value Share, By End Use, 2022 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2022 & 2032
Figure 131: South Africa Market Value Share, By Application, 2022 (E)
Figure 132: South Africa Market Value Share, By End Use, 2022 (E)
- FAQs -
What was the market value for adiponitrile in 2021?
The global adiponitrile market was valued at US$ 9.65 billion in 2021.
What are the key market statistics for adiponitrile in Germany?
The Germany adiponitrile market is expected to exhibit a high 7.3% CAGR over the forecast period (2022 to 2032).
What is the projected growth rate for the global adiponitrile market?
The global adiponitrile market is expected to rise at 6.2% CAGR from 2022 to 2032.
Which are the top 5 countries driving most demand for adiponitrile?
The U.S., Germany, Japan, China, and the U.K are expected to drive most demand for adiponitrile.
Who are the top adiponitrile manufacturers?
Ascend Performance Materials, INVISTA, Thermo Fisher Scientific, Asahi Kasei Corp., and Merck are the most prominent adiponitrile manufacturers.
What will be the global adiponitrile market revenue total by 2032?
By the end of 2032, the global market for adiponitrile is predicted to reach a valuation of US$ 18.2 billion.
Adiponitrile Market