Acrylonitrile Market in Europe 2022-2026

Acrylonitrile Market in Europe 2022-2026

Technavio has been monitoring the acrylonitrile market in Europe and it is poised to grow by 160.53 thousand tons during 2022-2026, progressing at a CAGR of 3.34% during the forecast period. Our report on the acrylonitrile market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for acrylonitrile from the automotive industry and the growing demand for acrylic fibers. In addition, the increasing demand for acrylonitrile from the automotive industry is anticipated to boost the growth of the market as well.

The acrylonitrile market in Europe analysis includes the application segment and geographic landscape.

Technavio's acrylonitrile market in Europe is segmented as below:

By Application

• ABS and SAN
• Acrylic fibers
• Polyacrylamide
• Nitrile butadiene rubber
• Others

By Geographical Landscape

• Germany
• Italy
• France
• UK
• Rest of Europe

This study identifies the rise in demand for plastic pipes and sheetsas one of the prime reasons driving the acrylonitrile market growth in Europe during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on acrylonitrile market in Europe covers the following areas:

• Acrylonitrile market sizing
• Acrylonitrile market forecast
• Acrylonitrile market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading acrylonitrile market vendors in Europe that include Asahi Kasei Corp., Ascend Performance Materials Operations LLC, China Petroleum and Chemical Corp., INEOS Group Holdings SA, Lenntech BV, Mitsubishi Chemical Corp., PJSC LUKOIL, Shanghai SECCO Petrochemical Co. Ltd., Sumitomo Chemical Co. Ltd., and Taekwang Group. Also, the acrylonitrile market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Asahi Kasei Corp., Ascend Performance Materials Operations LLC, China Petroleum and Chemical Corp., INEOS Group Holdings SA, Lenntech BV, Mitsubishi Chemical Corp., PJSC LUKOIL, Shanghai SECCO Petrochemical Co. Ltd., Sumitomo Chemical Co. Ltd., Taekwang Group