Europe Acrylonitrile Market Size, Share & Industry Trends Analysis Report By Application (Acrylonitrile Butadiene Styrene (ABS), Acrylic Fiber, Styrene Acrylonitrile, Adiponitrile, Acrylamide, Carbon Fiber, Nitrile Rubber), By Country and Growth Forecast

Europe Acrylonitrile Market Size, Share & Industry Trends Analysis Report By Application (Acrylonitrile Butadiene Styrene (ABS), Acrylic Fiber, Styrene Acrylonitrile, Adiponitrile, Acrylamide, Carbon Fiber, Nitrile Rubber), By Country and Growth Forecast, 2023 - 2030


The Europe Acrylonitrile Market would witness market growth of 1.3% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 427.0 Kilo Tonnes, showcasing a growth of 1.0% (2019-2022).

Acrylonitrile is a versatile chemical compound that is a crucial raw material in producing a wide range of products. It makes synthetic fibers, plastics, resins, and various other materials. Acrylic fibers produced from acrylonitrile are known for their softness, warmth, and durability. They are used in clothing, blankets, carpets, and upholstery, providing consumers with comfortable and long-lasting products. This contributes to the production of durable and lightweight products. Acrylonitrile-based materials are often chosen for their sustainability benefits. Lightweight and durable products can be produced by manufacturers, which will reduce energy use and greenhouse gas emissions during use and transportation.

Developing new acrylonitrile-based products with enhanced properties, such as improved heat resistance, chemical resistance, and flame retardancy, can open up new opportunities for market players and applications, further driving demand. As sustainability gains importance, recycling acrylonitrile-containing materials becomes a growth driver. Recycling efforts reduce the demand for virgin acrylonitrile and minimize waste. Acrylonitrile-containing materials are used in electrical enclosures and distribution systems for power generation and equipment. These materials help protect electrical components from environmental factors. Acrylonitrile-based materials produce lighting fixtures, including LED housing and covers. These materials offer good optical properties and durability for lighting applications.

Carbon fiber production relies on the polymerization of acrylonitrile to create precursor fibers. As the carbon fiber industry grows in the UK, there is a higher demand for acrylonitrile as a raw material. The UK has invested in advanced manufacturing technologies, including carbon fiber composite manufacturing. Using carbon fiber composites in aerospace, automotive, and other industries can drive the demand for acrylonitrile-derived precursors. Carbon fiber composites, which rely on acrylonitrile-based precursors, are used in the aerospace industry for their lightweight and high-strength properties. The UK's aerospace sector contributes to the demand for these materials. Carbon fiber-reinforced composites are increasingly used in the automotive sector to lower vehicle weight and improve fuel efficiency. The automotive industry in the UK can drive the demand for carbon fiber precursors. The development of carbon fiber in the UK can lead to increased demand for acrylonitrile as a precursor material. Thus, with the expansion of these sectors, the regional market will expand as well.

The Germany market dominated the Europe Acrylonitrile Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $541.7 million by 2030. The UK market is experiencing a CAGR of 1% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 1.9% during (2023 - 2030).

Based on Application, the market is segmented into Acrylonitrile Butadiene Styrene (ABS), Acrylic Fiber, Styrene Acrylonitrile, Adiponitrile, Acrylamide, Carbon Fiber, Nitrile Rubber, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include INEOS Group Holdings S.A., Sumitomo Chemical Co., Ltd., China Petrochemical Development Corporation (Core Pacific Group), Asahi Kasei Advance Corporation (Asahi Kasei Corporation), Mitsubishi Chemical Holdings Corporation, Ascend Performance Materials LLC (SK Capital and Partners), AnQore, Formosa Plastics Group, and TAEKWANG Industrial Co., ltd.

Scope of the Study

Market Segments covered in the Report:

By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Acrylic Fiber
  • Styrene Acrylonitrile
  • Adiponitrile
  • Acrylamide
  • Carbon Fiber
  • Nitrile Rubber
  • Others
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Companies Profiled
  • INEOS Group Holdings S.A.
  • Sumitomo Chemical Co., Ltd.
  • China Petrochemical Development Corporation (Core Pacific Group)
  • Asahi Kasei Advance Corporation (Asahi Kasei Corporation)
  • Mitsubishi Chemical Holdings Corporation
  • Ascend Performance Materials LLC (SK Capital and Partners)
  • AnQore
  • Formosa Plastics Group
  • TAEKWANG Industrial Co., ltd.
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Acrylonitrile Market, by Application
1.4.2 Europe Acrylonitrile Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Force Analysis
Chapter 4. Europe Acrylonitrile Market by Application
4.1 Europe Acrylonitrile Butadiene Styrene (ABS) Market by Country
4.2 Europe Acrylic Fiber Market by Country
4.3 Europe Styrene Acrylonitrile Market by Country
4.4 Europe Adiponitrile Market by Country
4.5 Europe Acrylamide Market by Country
4.6 Europe Carbon Fiber Market by Country
4.7 Europe Nitrile Rubber Market by Country
4.8 Europe Others Market by Country
Chapter 5. Europe Acrylonitrile Market by Country
5.1 Germany Acrylonitrile Market
5.1.1 Germany Acrylonitrile Market by Application
5.2 UK Acrylonitrile Market
5.2.1 UK Acrylonitrile Market by Application
5.3 France Acrylonitrile Market
5.3.1 France Acrylonitrile Market by Application
5.4 Russia Acrylonitrile Market
5.4.1 Russia Acrylonitrile Market by Application
5.5 Spain Acrylonitrile Market
5.5.1 Spain Acrylonitrile Market by Application
5.6 Italy Acrylonitrile Market
5.6.1 Italy Acrylonitrile Market by Application
5.7 Rest of Europe Acrylonitrile Market
5.7.1 Rest of Europe Acrylonitrile Market by Application
Chapter 6. Company Profiles
6.1 INEOS Group Holdings S.A.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Recent strategies and developments:
6.1.4.1 Product Launches:
6.1.4.2 Partnerships, Collaborations & Agreements:
6.1.5 SWOT Analysis
6.2 Sumitomo Chemical Co., Ltd.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 SWOT Analysis
6.3 China Petrochemical Development Corporation (Core Pacific Group)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.3.5 SWOT Analysis
6.4 Asahi Kasei Advance Corporation (Asahi Kasei Corporation)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.4.5 SWOT Analysis
6.5 Mitsubishi Chemical Holdings Corporation
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental Analysis
6.5.4 Research & Development Expense
6.5.5 SWOT Analysis
6.6 Ascend Performance Materials LLC (SK Capital and Partners)
6.6.1 Company Overview
6.6.2 Recent strategies and developments:
6.6.2.1 Acquisition and Mergers:
6.6.3 SWOT Analysis
6.7 AnQore
6.7.1 Company Overview
6.7.2 SWOT Analysis
6.8 Formosa Plastics Group
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 SWOT Analysis
6.9 TAEKWANG Industrial Co., ltd.
6.9.1 Company Overview
6.9.2 SWOT Analysis

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