Acrylonitrile Market Size, Share, and Outlook, 2025 Report- By Application (Acrylic Fibers, Adiponitrile, Styrene Acrylonitrile, ABS, Acrylamide, Carbon Fiber, Nitrile Rubber, Others), 2018-2032

Acrylonitrile Market Outlook

Acrylonitrile Market Size is forecast to reach $16.1 Billion in 2032 from $13.6 Billion in 2025, at an optimistic growth rate of 2.4% from 2025 to 2032. The robust Acrylonitrile Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Acrylonitrile Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Application (Acrylic Fibers, Adiponitrile, Styrene Acrylonitrile, ABS, Acrylamide, Carbon Fiber, Nitrile Rubber, Others). Over 70 tables and charts showcase findings from our latest survey report on Acrylonitrile Markets.

Acrylonitrile Market Insights, 2025: Key Drivers and Opportunities in the Acrylonitrile Market

The growing demand for acrylonitrile in plastics, synthetic fibers, and specialty chemicals is a key driver of market expansion. Acrylonitrile is a critical precursor for acrylonitrile-butadiene-styrene (ABS) resins, widely used in automotive, electronics, and consumer goods due to its high impact resistance, lightweight properties, and heat stability. With the rising adoption of electric vehicles (EVs) and lightweight automotive components, manufacturers are increasing their reliance on ABS plastics for interior trims, dashboards, and battery casings. Leading companies like INEOS, Asahi Kasei, and Sinopec are ramping up acrylonitrile production to meet the growing demand from the automotive and electronics sectors, particularly in Asia-Pacific, which dominates global ABS manufacturing.

Another major driver is the increasing consumption of acrylonitrile in synthetic fibers, particularly acrylic fibers. These fibers serve as cost-effective alternatives to wool and are extensively used in textiles, carpets, and home furnishings. With the global textile industry expanding, especially in emerging economies like India and Bangladesh, demand for acrylic fibers remains strong. Additionally, the rise of protective clothing and performance textiles has accelerated the adoption of acrylonitrile-based fibers, as they offer flame resistance and durability. Companies like Mitsubishi Chemical, Formosa Plastics, and Ascend Performance Materials are actively investing in high-purity acrylonitrile production to cater to the growing demand for technical textiles and high-performance fibers.

The role of acrylonitrile in high-performance materials, such as carbon fiber and nitrile rubber, presents significant growth opportunities. Carbon fiber, derived from acrylonitrile, is experiencing surging demand in aerospace, wind energy, and high-performance sports equipment due to its lightweight and high-strength properties. With aircraft manufacturers like Boeing and Airbus expanding production and wind energy projects increasing globally, acrylonitrile-based carbon fiber production is set to rise. Additionally, the nitrile rubber segment—used in automotive seals, medical gloves, and industrial hoses—is witnessing growth, particularly after the COVID-19 pandemic boosted demand for disposable nitrile gloves in healthcare and industrial settings. Leading players like LG Chem, Kumho Petrochemical, and Versalis are expanding their nitrile rubber capacities to meet the demand from automotive, healthcare, and industrial safety applications.

Another key opportunity lies in the development of bio-based acrylonitrile as a sustainable alternative. Traditional acrylonitrile production relies on propene-based feedstocks, which are subject to price fluctuations and carbon emissions. However, biomass-derived acrylonitrile from renewable sources like glycerol and plant-based sugars is gaining attention as companies work toward reducing their carbon footprint and improving supply chain sustainability. Companies like AnQore and Solvay are exploring bio-based production methods, paving the way for greener, more sustainable acrylonitrile production. With increasing investments in recycling technologies for ABS plastics and carbon fiber recovery, the circular economy for acrylonitrile-based materials is set to expand, offering long-term growth potential across multiple industries.

Five Trends that will define global Acrylonitrile Market in 2025 and Beyond

A closer look at the multi-million global market for Acrylonitrile Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Acrylonitrile Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Acrylonitrile Industry?

The Acrylonitrile Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Acrylonitrile Market Segment Insights

The Acrylonitrile Industry presents strong offers across categories. The analytical report offers forecasts of Acrylonitrile Industry performance across segments and countries. Key segments in the industry include- By Application (Acrylic Fibers, Adiponitrile, Styrene Acrylonitrile, ABS, Acrylamide, Carbon Fiber, Nitrile Rubber, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Acrylonitrile Market size outlook is provided for 22 countries across these regions.

Acrylonitrile Industry Value Chain

The chapter identifies potential companies and their operations across the global Acrylonitrile Industry ecosystem. It assists decision-makers in evaluating global Acrylonitrile Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Acrylonitrile Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Acrylonitrile Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Acrylonitrile Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Acrylonitrile Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Acrylonitrile Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Acrylonitrile Market Insights- Executives are most excited about opportunities for the US Acrylonitrile Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Acrylonitrile Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Acrylonitrile Market.

Latin American Acrylonitrile Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Acrylonitrile Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Acrylonitrile Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Acrylonitrile Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Acrylonitrile Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include INEOS, China Petrochemical Development Corp., Asahi Kasei Advance Corp., Ascend Performance Material, Chemelot, Formosa Plastics Corp., Mitsubishi Chemical Corp., Secco, Taekwang Industrial Co. Ltd., Sumitomo Chemical Co. Ltd.

Acrylonitrile Market Scope and Segmentation

By Application

Acrylic Fibers

Adiponitrile

Styrene Acrylonitrile

ABS

Acrylamide

Carbon Fiber

Nitrile Rubber

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Acrylonitrile Market Research-

INEOS

China Petrochemical Development Corp.

Asahi Kasei Advance Corp.

Ascend Performance Material

Chemelot

Formosa Plastics Corp.

Mitsubishi Chemical Corp.

Secco

Taekwang Industrial Co. Ltd.

Sumitomo Chemical Co. Ltd.

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
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