Global Acrylonitrile Market Size study & Forecast, by Application (Acrylic Fiber, Adiponitrile, Styrene Acrylonitrile, Acrylonitrile Butadiene Styrene (ABS), Acrylamide, Carbon Fiber, Nitrile Rubber, Others), and Regional Analysis, 2022-2029

Global Acrylonitrile Market Size study & Forecast, by Application (Acrylic Fiber, Adiponitrile, Styrene Acrylonitrile, Acrylonitrile Butadiene Styrene (ABS), Acrylamide, Carbon Fiber, Nitrile Rubber, Others), and Regional Analysis, 2022-2029

Global Acrylonitrile Market is valued at approximately USD 11.87 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 1.3% over the forecast period 2022-2029. Acrylonitrile, often known as CH2CHCN, is a colorless volatile liquid. It is an organic substance that can turn yellow due to the presence of impurities. It is made using an ammoxidation process in which propylene, ammonia, and air are reacted at high temperatures in the presence of a catalyst. Plastics like ABS, SAN, ASA, and acrylonitrile-butadiene rubber are produced using acrylonitrile, a highly reactive and potentially dangerous monomer. The demand for plastics used in the construction and automotive industries is growing, in part because of the qualities of durability, thermal stability, chemical resistance, and high strength that these materials possess. This is the main driver of the acrylonitrile market's expansion.

In addition, Acrylonitrile is primarily used in the manufacturing of plastics such as acrylonitrile butadiene styrene, acrylonitrile styrene acrylate, styrene-acrylonitrile, and others. The high demand for these plastics from the construction, automotive, and other industries is anticipated to drive the acrylonitrile market. In 2021, global plastics output was projected to reach 390.7 million metric tons, representing a 4% yearly rise. The extraordinary adaptability of this category of materials explains why manufacturing continues to rise year after year. Further driving this market is the increased demand for plastics from various end-use industries. According to Statista, the worldwide plastics market was projected to be valued at $593 billion in 2021. The plastics industry is expected to develop in the following years, reaching a value of more than 810 billion US dollars by 2030, with a CAGR of 3.7 per cent from 2022 to 2030. Furthermore, the high demand for acrylonitrile in the automotive industry, coupled with its application in budding wastewater treatment is presenting lucrative opportunities for market growth over the forthcoming years. However, Competition in the Textile Industry from Cheap Polyester Fibers is restricting the market growth over the forecast period of 2022-2029.

The key regions considered for the Global Acrylonitrile Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the increased need for construction materials due to the expanding construction sector, and the industry is expected to benefit from rising demand from the textile and home furnishings industries. Whereas, Asia Pacific is also expected to grow at the highest growth rate over the forecasting period. Factors such as strong market players and new developments in products are burgeoning the market growth in the forecasting years.

Major market players included in this report are:
INEOS Group Ltd.
China Petrochemical Development Corp.
Asahi Kasei Advance Corp.
Ascend Performance Materials LLC
Reliance Industries Limited
Formosa Plastics Corp.
Mitsubishi Chemical Corp.
LUKOIL Corp.
Taekwang Industrial Co., Ltd.
Sumitomo Chemical Co., Ltd.

Recent Developments in the Market:
 In February 2023, Asahi Kasei Homes has agreed to acquire Arden Homes Pty Ltd, an Australian home construction operator, through its Australian affiliate NXT Building Group Pty Ltd. Asahi Kasei Homes and NXT will collaborate closely with Arden Homes' present management team, which has extensive knowledge and experience in the Victorian market, to expand the home-building company in Australia.
 In January 2023, INEOS Enterprises signed an agreement to acquire MBCC Group's Admixture Company from Sika AG. These well-invested and well-positioned locations give new prospects for INEOS to grow in the construction sector.
 In January 2023, Sumitomo Chemical agreed to acquire FBSciences Holdings, Inc., a company based in the United States that specialises in bio stimulants, a class of organically derived agricultural ingredients.
 In March 2022, Ascend Performance Materials has agreed to acquire Formulated Polymers Limited's compounding division, a major engineered materials firm based in Chennai, India. Ascends first production base in the subcontinent will be established as a result of this acquisition, which will also extend Ascends global footprint in the electrical and e-mobility application arena.

In Global Acrylonitrile Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:
Acrylic Fiber
Adiponitrile
Styrene Acrylonitrile
Acrylonitrile Butadiene Styrene (ABS)
Acrylamide
Carbon Fiber
Nitrile Rubber
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World

Companies Mentioned
INEOS Group Ltd.
China Petrochemical Development Corp.
Asahi Kasei Advance Corp.
Ascend Performance Materials LLC
Reliance Industries Limited
Formosa Plastics Corp.
Mitsubishi Chemical Corp.
LUKOIL Corp.
Taekwang Industrial Co., Ltd.
Sumitomo Chemical Co., Ltd.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.


Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Acrylonitrile Market, by Region, 2019-2029 (USD Billion)
1.2.2. Acrylonitrile Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Acrylonitrile Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Acrylonitrile Market Dynamics
3.1. Acrylonitrile Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Growing Need for Acrylonitrile Butadiene Styrene (ABS) in the Automotive and Construction Industries.
3.1.1.2. Extending applications in consumer electronics and appliances.
3.1.2. Market Challenges
3.1.2.1. Competition in the Textile Industry from Cheap Polyester Fibers.
3.1.3. Market Opportunities
3.1.3.1. Increasing demand for acrylonitrile in automotive industry
3.1.3.2. Application in budding wastewater treatment.
Chapter 4. Global Acrylonitrile Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Acrylonitrile Market, by Application
6.1. Market Snapshot
6.2. Global Acrylonitrile Market by Application, Performance - Potential Analysis
6.3. Global Acrylonitrile Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
6.4. Acrylonitrile Market, Sub Segment Analysis
6.4.1. Acrylic Fiber
6.4.2. Adiponitrile
6.4.3. Styrene Acrylonitrile
6.4.4. Acrylonitrile Butadiene Styrene (ABS)
6.4.5. Acrylamide
6.4.6. Carbon Fiber
6.4.7. Nitrile Rubber
6.4.8. Others
Chapter 7. Global Acrylonitrile Market, Regional Analysis
7.1. Acrylonitrile Market, Regional Market Snapshot
7.2. North America Acrylonitrile Market
7.2.1. U.S. Acrylonitrile Market
7.2.1.1. Application breakdown estimates & forecasts, 2019-2029
7.2.2. Canada Acrylonitrile Market
7.3. Europe Acrylonitrile Market Snapshot
7.3.1. U.K. Acrylonitrile Market
7.3.2. Germany Acrylonitrile Market
7.3.3. France Acrylonitrile Market
7.3.4. Spain Acrylonitrile Market
7.3.5. Italy Acrylonitrile Market
7.3.6. Rest of Europe Acrylonitrile Market
7.4. Asia-Pacific Acrylonitrile Market Snapshot
7.4.1. China Acrylonitrile Market
7.4.2. India Acrylonitrile Market
7.4.3. Japan Acrylonitrile Market
7.4.4. Australia Acrylonitrile Market
7.4.5. South Korea Acrylonitrile Market
7.4.6. Rest of Asia Pacific Acrylonitrile Market
7.5. Latin America Acrylonitrile Market Snapshot
7.5.1. Brazil Acrylonitrile Market
7.5.2. Mexico Acrylonitrile Market
7.5.3. Rest of Latin America Acrylonitrile Market
7.6. Rest of The World Acrylonitrile Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. INEOS Group Ltd.
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. China Petrochemical Development Corp.
8.2.3. Asahi Kasei Advance Corp.
8.2.4. Ascend Performance Materials LLC
8.2.5. Reliance Industries Limited
8.2.6. Formosa Plastics Corp.
8.2.7. Mitsubishi Chemical Corp.
8.2.8. LUKOIL Corp.
8.2.9. Taekwang Industrial Co., Ltd.
8.2.10. Sumitomo Chemical Co., Ltd.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
List of Tables
TABLE 1. Global Acrylonitrile Market, report scope
TABLE 2. Global Acrylonitrile Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Acrylonitrile Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 4. Global Acrylonitrile Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 5. Global Acrylonitrile Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 6. Global Acrylonitrile Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Acrylonitrile Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Acrylonitrile Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Acrylonitrile Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Acrylonitrile Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Acrylonitrile Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Acrylonitrile Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Acrylonitrile Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. U.S. Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. U.S. Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 16. U.S. Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 17. Canada Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 18. Canada Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. UK Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 21. UK Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. Germany Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 24. Germany Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. France Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 27. France Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. Italy Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 30. Italy Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. Spain Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 33. Spain Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. RoE Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 36. RoE Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. China Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 39. China Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. India Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 42. India Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. Japan Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 45. Japan Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. South Korea Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 48. South Korea Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. Australia Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 51. Australia Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. RoAPAC Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 54. RoAPAC Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. Brazil Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 57. Brazil Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Mexico Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 60. Mexico Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. RoLA Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 63. RoLA Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. Row Acrylonitrile Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 66. Row Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Acrylonitrile Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. List of secondary sources, used in the study of global Acrylonitrile Market
TABLE 69. List of primary sources, used in the study of global Acrylonitrile Market
TABLE 70. Years considered for the study
TABLE 71. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
FIGURE 1. Global Acrylonitrile Market, research methodology
FIGURE 2. Global Acrylonitrile Market, Market estimation techniques
FIGURE 3. Global Market size estimates & forecast methods
FIGURE 4. Global Acrylonitrile Market, key trends 2021
FIGURE 5. Global Acrylonitrile Market, growth prospects 2022-2029
FIGURE 6. Global Acrylonitrile Market, porters 5 force model
FIGURE 7. Global Acrylonitrile Market, pest analysis
FIGURE 8. Global Acrylonitrile Market, value chain analysis
FIGURE 9. Global Acrylonitrile Market by segment, 2019 & 2029 (USD Billion)
FIGURE 10. Global Acrylonitrile Market by segment, 2019 & 2029 (USD Billion)
FIGURE 11. Global Acrylonitrile Market by segment, 2019 & 2029 (USD Billion)
FIGURE 12. Global Acrylonitrile Market by segment, 2019 & 2029 (USD Billion)
FIGURE 13. Global Acrylonitrile Market by segment, 2019 & 2029 (USD Billion)
FIGURE 14. Global Acrylonitrile Market, regional snapshot 2019 & 2029
FIGURE 15. North America Acrylonitrile Market 2019 & 2029 (USD Billion)
FIGURE 16. Europe Acrylonitrile Market 2019 & 2029 (USD Billion)
FIGURE 17. Asia Pacific Acrylonitrile Market 2019 & 2029 (USD Billion)
FIGURE 18. Latin America Acrylonitrile Market 2019 & 2029 (USD Billion)
FIGURE 19. Global Acrylonitrile Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings