Acrylonitrile Market Size, Share, Opportunities, And Trends By Application (Synthetic fibers, Plastics, Carbon Fibers, Resins and Elastomers), By Industry Vertical (Aerospace and Defense, Automotive, Construction, Others), And By Geography - Forecasts From 2025 To 2030

Description

Acrylonitrile Market Size:

The Acrylonitrile Market is expected to grow from USD 13.343 billion in 2025 to USD 16.133 billion in 2030, at a CAGR of 3.87%.

Acrylonitrile, also known with the formula CH2CHCN, is a colourless volatile organic liquid.  Although impurities in commercial samples might cause them to look yellow. It has strong garlic or onion odour. Its molecular structure is made up of a vinyl group coupled to a nitrile. Acrylonitrile is a chemical intermediary utilised in the production of a variety of compounds such as acrylonitrile butadiene styrene, acrylic fibres, acrylamide, nitrile rubber, adiponitrile, carbon fibres, and others. Acrylonitrile and related derivatives are widely utilised in the automotive and construction sectors due to their excellent properties such as chemical, thermal stability, high mechanical strength, and durability. Acrylic fibres have several applications in the textile and packaging sector.

The growing application of plastics at various end-use industries is the primary market driver for the acrylonitrile market. Acrylonitrile is primarily used in the manufacturing of plastics such as acrylonitrile butadiene styrene, acrylonitrile styrene acrylate, styrene-acrylonitrile, and others. The acrylonitrile market is projected to be driven by high demand for these plastics from the automotive, construction, and other industries due to their properties. The toxicity of acrylonitrile is a major market restriction. Acrylonitrile is highly combustible, poisonous and emits deadly fumes like nitrogen oxide and hydrogen cyanide.

According to the World Bank's World Integrated Trade Solution (WITS), the top exporters of Styrene polymers; acrylonitrile-butadiene-styrene (ABS) copolymers in primary forms in 2019 were Korea, Rep. ($2,244,420.00K, 1,359,590,000 Kg), Other Asia, nes ($1,737,288.25K, 1,103,730,000 Kg), Hong Kong, China ($832,274.15K, 523,534,000 Kg), Malaysia ($430,973.49K, 325,064,000 Kg), Netherlands ($363,343.57K, 213,879,000 Kg).

Acrylonitrile Market Growth Factors:

• Increased demand for plastics from various end-use sectors:

Global plastics production has nearly hit 370 million tonnes, according to Plastics Europe 2020. Plastics production in Europe has nearly surpassed 58 million tonnes. In terms of industrial value-added contribution, the European plastics industry ranks seventh in Europe. The rising use of plastics in various end-use sectors will drive the growth of the acrylonitrile market.

Acrylonitrile Market Restraints:

• Toxicity of acrylonitrile:

Acrylonitrile is most commonly used in the production of acrylic and modacrylic fibres. It is also utilised in the production of plastics (acrylonitrile-butadiene-styrene and styrene-acrylonitrile resins), adiponitrile, acrylamide, and nitrile rubbers, and barrier resins. Acrylonitrile can be harmful by inhalation, ingestion, and skin contact. Acute or short term exposure to acrylonitrile exposure has been linked to causing mucous membrane irritation, headaches, dizziness, and nausea among factory workers.

Acrylonitrile Market Segments:

• By Application
  • Synthetic fibres
  • Plastics
  • Carbon Fibres
  • Resins and Elastomers
• By Industry Vertical
  • Aerospace and Defense
  • Automotive
  • Construction
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. ACRYLONITRILE MARKET BY APPLICATION

5.1. Introduction

5.2. Synthetic fibres

5.3. Plastics

5.4. Carbon Fibres

5.5. Resins and Elastomers

6. ACRYLONITRILE MARKET BY INDUSTRY VERTICAL

6.1. Introduction

6.2. Aerospace and Defense

6.3. Automotive

6.4. Construction

6.5. Others

7. ACRYLONITRILE MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. France

7.4.3. United Kingdom

7.4.4. Spain

7.4.5. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. India

7.6.3. Japan

7.6.4. South Korea

7.6.5. Indonesia

7.6.6. Thailand

7.6.7. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. INEOS

9.2. Ascend Performance Material

9.3. Chemelot

9.4. Asahi Kasei Corporation

9.5. China Petroleum & Chemical Corporation

9.6. Formosa Plastics

9.7. Mitsubishi Chemical Corporation

9.8. Taekwang Industrial Co., Ltd

9.9. Sumitomo Chemical Co., Ltd.

9.10. Cornerstone Chemical Company

10. APPENDIX

10.1. Currency 

10.2. Assumptions

10.3. Base and Forecast Years Timeline

10.4. Key benefits for the stakeholders

10.5. Research Methodology 

10.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

INEOS

Ascend Performance Material

Chemelot

Asahi Kasei Corporation

China Petroleum & Chemical Corporation

Formosa Plastics

Mitsubishi Chemical Corporation

Taekwang Industrial Co., Ltd

Sumitomo Chemical Co., Ltd.

Cornerstone Chemical Company

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