Global Acrylonitrile Market 2024-2028
The acrylonitrile market is forecasted to grow by USD 2.83 bn during 2023-2028, accelerating at a CAGR of 4.21% during the forecast period. The report on the acrylonitrile market 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, the latest trends and drivers, and the overall market environment. The market is driven by high demand for acrylonitrile from APAC, rising usage of acrylonitrile in automotive industry, and rise in construction activities.
Technavio's acrylonitrile market is segmented as below:
By Application
- ABS and SAN
- Acrylic fibers
- Polyacrylamide
- Nitrile butadiene rubber
- Others
By End-user
- Electrical and electronics
- Automotive
- Construction
- Packaging
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the increasing carbon fiber production as one of the prime reasons driving the acrylonitrile market growth during the next few years. Also, technological advances in acrylonitrile production processes and growing demand for personal care products will lead to sizable demand in the market.
The report on the acrylonitrile market covers the following areas:
- Acrylonitrile market sizing
- Acrylonitrile market forecast
- Acrylonitrile market industry analysis
The 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 that include AnQore, Asahi Kasei Corp., Ascend Performance Materials Operations LLC, Bhansali Engineering Polymers Ltd., China National Petroleum Corp., China Petrochemical Development Corp., Cornerstone Chemical Co., Formosa Plastics Corp., INEOS Group Holdings SA, LG Chem Ltd., Mitsubishi Chemical Corp., Petkim Petrokimya Holding AS, PJSC LUKOIL, Polymir, S.S.B. POLYMERS and S.S.B. ENTERPRISES, Sinopec Shanghai Petrochemical Co. Ltd., Sumitomo Chemical Co. Ltd., Taekwang Industrial Co. Ltd., Thermo Fisher Scientific Inc., and Tokyo Chemical Industry Co. Ltd.. Also, the acrylonitrile market 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.
The publisher 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. The 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.