Global 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 Regional Outlook and Foreca

Global 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 Regional Outlook and Forecast, 2023 - 2030


The Global Acrylonitrile Market size is expected to reach $13.1 billion by 2030, rising at a market growth of 1.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 5,901.9 Kilo Tonnes, experiencing a growth of 1.4% (2019-2022).

As the demand for nylon-6,6 products grow in various industries, such as textiles, automotive, and industrial applications, the demand for adiponitrile as a feedstock for nylon-6,6 production also increases. Hence, adiponitrile segment registered $1,094.0 million revenue in the market in 2022. the Adiponitrile is a critical precursor in the production of acrylonitrile. Acrylonitrile is typically synthesized through the ammoxidation of propylene, where propylene reacts with ammonia and oxygen in the presence of a catalyst. Adiponitrile serves as a key raw material in the ammoxidation process. It is converted into adipic acid, which is then used to produce adiponitrile. Adiponitrile is subsequently reacted with ammonia and oxygen to form acrylonitrile. Adiponitrile is also used to produce nylon-6,6, a versatile and widely used synthetic polymer. Some of the factors impacting the market are increasing demand for synthetic fibers, growing demand in construction and infrastructure sectors, and fluctuations in the prices of raw materials.

Synthetic fibers have many applications, including sportswear, activewear, outdoor clothing, and technical textiles. Acrylic fibers are valued for their softness, warmth, and moisture-wicking properties, making them suitable for various types of clothing. As the global population grows, the demand for textiles, especially affordable and versatile synthetic textiles, rises. Acrylic fibers, derived from acrylonitrile, play a significant role in meeting this demand. Synthetic fibers made from acrylonitrile are used in industrial applications, such as filtration media and ropes, where strength and durability are essential. The increasing demand for synthetic fibers, including acrylic fibers, is a significant growth driver for the market. Additionally, rapid urbanization and the construction of megaprojects, such as bridges, tunnels, airports, and mass transit systems, contribute to the demand for acrylonitrile-based materials for construction and infrastructure applications. The construction industry's increasing focus on energy efficiency and sustainable building practices led to using materials that contain acrylonitrile for insulation, weatherproofing, and energy-efficient building components. The construction and infrastructure development sector are crucial in boosting the demand for acrylonitrile and acrylonitrile-containing products. As urbanization continues and infrastructure projects expand globally, the need for durable, corrosion-resistant, and versatile construction materials, many of which rely on acrylonitrile, is likely to remain strong, contributing to the growth of the market.

However, the price of acrylonitrile is subject to fluctuations based on factors such as feedstock costs (propylene and ammonia), supply-demand imbalances, and geopolitical events. Price volatility can affect production costs and profit margins for manufacturers and end-users. The primary feedstocks for acrylonitrile production include propylene, ammonia, and natural gas. Changes in the prices of these feedstocks directly affect the cost of acrylonitrile production. Feedstock price increases led to higher production costs and, potentially, higher prices for acrylonitrile. The balance between supply and demand for acrylonitrile influences prices significantly. Shortages or surpluses of acrylonitrile in the market led to rapid price fluctuations. Increased demand or supply disruptions can result in price spikes. Price volatility is a significant challenge in the market.

Application Outlook

By application, the market is categorized into acrylic fiber, adiponitrile, styrene acrylonitrile, acrylonitrile butadiene styrene (ABS), acrylamide, carbon fiber, nitrile rubber, and others. The acrylonitrile butadiene styrene (ABS) segment held the highest revenue share in the market in 2022. Acrylonitrile butadiene styrene (ABS) is appropriate for applications where durability is crucial because of its excellent impact resistance. This property is particularly important in the automotive, consumer electronics, and construction industries, where components made from ABS need to withstand mechanical stress and potential impacts. ABS is recyclable, which is important for sustainability efforts in the plastics industry. The market can benefit from the demand for recycled ABS materials as sustainability becomes a more significant concern.

Regional Outlook

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region acquired a significant revenue share in the market. Several factors, including the growth of the automotive, construction, and consumer goods industries, influence the demand for acrylonitrile in North America. These sectors rely on acrylonitrile-based materials, such as ABS plastics and synthetic fibers, for various applications. Global trade dynamics also influence the market in North America. Imports and exports of acrylonitrile and acrylonitrile-containing products affect regional supply and demand.

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 Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Acrylonitrile Market, by Application
1.4.2 Global Acrylonitrile Market, by Geography
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. Global Acrylonitrile Market by Application
4.1 Global Acrylonitrile Butadiene Styrene (ABS) Market by Region
4.2 Global Acrylic Fiber Market by Region
4.3 Global Styrene Acrylonitrile Market by Region
4.4 Global Adiponitrile Market by Region
4.5 Global Acrylamide Market by Region
4.6 Global Carbon Fiber Market by Region
4.7 Global Nitrile Rubber Market by Region
4.8 Global Others Market by Region
Chapter 5. Global Acrylonitrile Market by Region
5.1 North America Acrylonitrile Market
5.1.1 North America Acrylonitrile Market by Application
5.1.1.1 North America Acrylonitrile Butadiene Styrene (ABS) Market by Country
5.1.1.2 North America Acrylic Fiber Market by Country
5.1.1.3 North America Styrene Acrylonitrile Market by Country
5.1.1.4 North America Adiponitrile Market by Country
5.1.1.5 North America Acrylamide Market by Country
5.1.1.6 North America Carbon Fiber Market by Country
5.1.1.7 North America Nitrile Rubber Market by Country
5.1.1.8 North America Others Market by Country
5.1.2 North America Acrylonitrile Market by Country
5.1.2.1 US Acrylonitrile Market
5.1.2.1.1 US Acrylonitrile Market by Application
5.1.2.2 Canada Acrylonitrile Market
5.1.2.2.1 Canada Acrylonitrile Market by Application
5.1.2.3 Mexico Acrylonitrile Market
5.1.2.3.1 Mexico Acrylonitrile Market by Application
5.1.2.4 Rest of North America Acrylonitrile Market
5.1.2.4.1 Rest of North America Acrylonitrile Market by Application
5.2 Europe Acrylonitrile Market
5.2.1 Europe Acrylonitrile Market by Application
5.2.1.1 Europe Acrylonitrile Butadiene Styrene (ABS) Market by Country
5.2.1.2 Europe Acrylic Fiber Market by Country
5.2.1.3 Europe Styrene Acrylonitrile Market by Country
5.2.1.4 Europe Adiponitrile Market by Country
5.2.1.5 Europe Acrylamide Market by Country
5.2.1.6 Europe Carbon Fiber Market by Country
5.2.1.7 Europe Nitrile Rubber Market by Country
5.2.1.8 Europe Others Market by Country
5.2.2 Europe Acrylonitrile Market by Country
5.2.2.1 Germany Acrylonitrile Market
5.2.2.1.1 Germany Acrylonitrile Market by Application
5.2.2.2 UK Acrylonitrile Market
5.2.2.2.1 UK Acrylonitrile Market by Application
5.2.2.3 France Acrylonitrile Market
5.2.2.3.1 France Acrylonitrile Market by Application
5.2.2.4 Russia Acrylonitrile Market
5.2.2.4.1 Russia Acrylonitrile Market by Application
5.2.2.5 Spain Acrylonitrile Market
5.2.2.5.1 Spain Acrylonitrile Market by Application
5.2.2.6 Italy Acrylonitrile Market
5.2.2.6.1 Italy Acrylonitrile Market by Application
5.2.2.7 Rest of Europe Acrylonitrile Market
5.2.2.7.1 Rest of Europe Acrylonitrile Market by Application
5.3 Asia Pacific Acrylonitrile Market
5.3.1 Asia Pacific Acrylonitrile Market by Application
5.3.1.1 Asia Pacific Acrylonitrile Butadiene Styrene (ABS) Market by Country
5.3.1.2 Asia Pacific Acrylic Fiber Market by Country
5.3.1.3 Asia Pacific Styrene Acrylonitrile Market by Country
5.3.1.4 Asia Pacific Adiponitrile Market by Country
5.3.1.5 Asia Pacific Acrylamide Market by Country
5.3.1.6 Asia Pacific Carbon Fiber Market by Country
5.3.1.7 Asia Pacific Nitrile Rubber Market by Country
5.3.1.8 Asia Pacific Others Market by Country
5.3.2 Asia Pacific Acrylonitrile Market by Country
5.3.2.1 China Acrylonitrile Market
5.3.2.1.1 China Acrylonitrile Market by Application
5.3.2.2 Japan Acrylonitrile Market
5.3.2.2.1 Japan Acrylonitrile Market by Application
5.3.2.3 India Acrylonitrile Market
5.3.2.3.1 India Acrylonitrile Market by Application
5.3.2.4 South Korea Acrylonitrile Market
5.3.2.4.1 South Korea Acrylonitrile Market by Application
5.3.2.5 Australia Acrylonitrile Market
5.3.2.5.1 Australia Acrylonitrile Market by Application
5.3.2.6 Malaysia Acrylonitrile Market
5.3.2.6.1 Malaysia Acrylonitrile Market by Application
5.3.2.7 Rest of Asia Pacific Acrylonitrile Market
5.3.2.7.1 Rest of Asia Pacific Acrylonitrile Market by Application
5.4 LAMEA Acrylonitrile Market
5.4.1 LAMEA Acrylonitrile Market by Application
5.4.1.1 LAMEA Acrylonitrile Butadiene Styrene (ABS) Market by Country
5.4.1.2 LAMEA Acrylic Fiber Market by Country
5.4.1.3 LAMEA Styrene Acrylonitrile Market by Country
5.4.1.4 LAMEA Adiponitrile Market by Country
5.4.1.5 LAMEA Acrylamide Market by Country
5.4.1.6 LAMEA Carbon Fiber Market by Country
5.4.1.7 LAMEA Nitrile Rubber Market by Country
5.4.1.8 LAMEA Others Market by Country
5.4.2 LAMEA Acrylonitrile Market by Country
5.4.2.1 Brazil Acrylonitrile Market
5.4.2.1.1 Brazil Acrylonitrile Market by Application
5.4.2.2 Argentina Acrylonitrile Market
5.4.2.2.1 Argentina Acrylonitrile Market by Application
5.4.2.3 UAE Acrylonitrile Market
5.4.2.3.1 UAE Acrylonitrile Market by Application
5.4.2.4 Saudi Arabia Acrylonitrile Market
5.4.2.4.1 Saudi Arabia Acrylonitrile Market by Application
5.4.2.5 South Africa Acrylonitrile Market
5.4.2.5.1 South Africa Acrylonitrile Market by Application
5.4.2.6 Nigeria Acrylonitrile Market
5.4.2.6.1 Nigeria Acrylonitrile Market by Application
5.4.2.7 Rest of LAMEA Acrylonitrile Market
5.4.2.7.1 Rest of LAMEA 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
Chapter 7. Winning Imperatives of Acrylonitrile Market

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