The Acrylonitrile Market size is estimated at 8.25 Million tons in 2024, and is expected to reach 10.58 Million tons by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The market was negatively impacted by COVID-19 in 2020. However, the market recovered significantly in the 2021-22 period with the increase in industrial activities that propelled higher consumption of acrylonitrile in various applications such as acrylic fiber and acrylonitrile butadiene styrene production.
The acrylonitrile market is a consolidated market, with the top five players accounting for the majority of the global market. Some of the major players in the market include INEOS, China Petroleum & Chemical Corporation, Asahi Kasei Corporation, Ascend Performance Materials, and Jiangsu Shenghong Group Co. Ltd, among others.
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