Acrylonitrile Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The acrylonitrile market was valued at over 6 million ton in 2020, and the market is projected to register a CAGR of over 5% during the forecast period (2021-2026).
The market was negatively impacted due to COVID-19. Owing to the pandemic scenario, several countries around the world went into lockdown, which completely disrupted the supply chain. Also, work stoppages, labor shortages, and preventive quarantines to curb the spread of the virus had a negative impact on the market. However, the condition is expected to recover in 2021, thereby driving the market during the forecast period.
Key HighlightsThe acrylonitrile market is a consolidated market, with the top three players accounting for more than 45% of the global market. Some of the major players of the market studied include INEOS, China Petroleum & Chemical Corporation, Asahi Kasei Corporation, Ascend Performance Materials, and Chemelot, among others.
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