Acrylonitrile Market: Trends, Opportunities and Competitive Analysis [2024-2030]
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Acrylonitrile Market Trends and Forecast
The future of the acrylonitrile market looks good with opportunities in the automotive, electrical and electronics, packaging, and construction end uses. The global acrylonitrile market is expected t%li%reach an estimated $13 billion by 2030 with a CAGR of 3% from 2023 t%li%2030. The major growth drivers for this market are increasing use of acrylonitrile in various parts of automotive and construction industry for its chemical and thermal properties, and the use of acrylonitrile in manufacturing acrylic fiber and acrylonitrile butadiene styrene.
1. United States: INEOS announced plans t%li%invest $2 billion in building a new acrylonitrile plant in the US Gulf Coast region. The US government aims t%li%support domestic production of acrylonitrile t%li%reduce reliance on imports and boost the manufacturing sector.
2. China: Sinopec and PetroChina are expanding acrylonitrile production capacities t%li%meet growing demand in China. The Chinese government aims t%li%strengthen environmental regulations in the chemical industry t%li%curb pollution and promote sustainable production practices.
3. Germany: Companies like BASF and Covestr%li%are investing in research and development of innovative acrylonitrile production technologies. Germany's government aims t%li%promote investment in the chemical sector t%li%maintain competitiveness in global markets.
4. Japan: Mitsubishi Chemical Corporation and Asahi Kasei Corporation are focusing on developing high-performance acrylonitrile-based materials for various applications. The Japanese government aims t%li%support technological innovation in the chemical industry t%li%drive economic growth.
Emerging Trends in the Acrylonitrile Market
An emerging trend, which has a direct impact on the dynamics of the industry, is the bio-based acrylonitrile.
A total of 120 figures / charts and 96 tables are provided in this 197-page report t%li%help in your business decisions. A sample figure with insights is shown below.
Acrylonitrile Market by Segment
The study includes a forecast for the global acrylonitrile market by end use, application, and region as follows:
Acrylonitrile Market by End Use [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies acrylonitrile companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the acrylonitrile companies profiled in this report includes.
Q1. What is the acrylonitrile market size?
Answer:The global acrylonitrile market is expected t%li%reach an estimated $13 billion by 2030.
Q2. What is the growth forecast for acrylonitrile market?
Answer:The acrylonitrile market is expected t%li%grow at a CAGR of 3% from 2024 t%li%2030.
Q3. What are the major drivers influencing the growth of the acrylonitrile market?
Answer: The major growth drivers for this market are increasing use of acrylonitrile in various parts of automotive and construction industry for its chemical and thermal properties, and the use of acrylonitrile in manufacturing acrylic fiber and acrylonitrile butadiene styrene.
Q4. What are the major end uses for acrylonitrile?
Answer:Automotive and construction are the major end uses for acrylonitrile.
Q5. What are the emerging trends in acrylonitrile market?
Answer:An emerging trend, which has a direct impact on the dynamics of the industry, is the bio-based acrylonitrile.
Q6. Wh%li%are the key acrylonitrile companies?
Answer:Some of the key acrylonitrile companies are as follows:
Answer: Lucintel forecasts that Acrylonitrile butadiene styrene will remain the largest application by value and volume due t%li%its increasing use in automotive industry like; panels for cars, helping t%li%make them lighter, and improving fuel efficiency. Acrylamide is expected t%li%witness highest growth over the forecast period.
Q8: In acrylonitrile market, which region is expected t%li%be the largest in next 5 years?
Answer:Asia Pacific is expected t%li%remain the largest region and witness the highest growth over next 5 years
Q9. D%li%we receive customization in this report?
Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1. What are some of the most promising potential, high growth opportunities for the global acrylonitrile market by end use (automotive, electrical and electronics, packaging, construction, and others), application (acrylic fiber, adiponitrile, styrene acrylonitrile, acrylonitrile butadiene styrene, acrylamide, nitrile butadiene rubber, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2. Which segments will grow at a faster pace and why?
Q.3. Which regions will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and threats t%li%the market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Wh%li%are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10. What are some of the competitive products and processes in this area and how big of a threat d%li%they pose for loss of market share via material or product substitution?
Q.11. What M & A activities have taken place in the last 5 years in this market?
For any questions related t%li%sheet molding compound market or related t%li%acrylonitrile sales, acrylonitrile companies, top acrylonitrile companies, acrylonitrile manufacturers, largest acrylonitrile companies, acrylonitrile manufacturer, acrylonitrile company, acrylonitrile manufacturing, acrylonitrile industry, acrylonitrile consumables, acrylonitrile classification, write Lucintel analyst at email: [email protected]. We will be glad t%li%get back t%li%you soon.
Acrylonitrile Market Trends and Forecast
The future of the acrylonitrile market looks good with opportunities in the automotive, electrical and electronics, packaging, and construction end uses. The global acrylonitrile market is expected t%li%reach an estimated $13 billion by 2030 with a CAGR of 3% from 2023 t%li%2030. The major growth drivers for this market are increasing use of acrylonitrile in various parts of automotive and construction industry for its chemical and thermal properties, and the use of acrylonitrile in manufacturing acrylic fiber and acrylonitrile butadiene styrene.
- Lucintel forecasts that automotive is expected t%li%remain the largest market by value and volume and it is als%li%expected t%li%witness highest growth over the forecast period due t%li%increasing use of acrylonitrile butadiene styrene in manufacturing automotive parts such as instrument panels, pillar trim, dashboard components, door liners and handles, seat backs, seat belt components, etc. t%li%reduce the weight of automotive parts.
- Acrylonitrile butadiene styrene will remain the largest application by value and volume due t%li%its increasing use in automotive industry like; panels for cars, helping t%li%make them lighter, and improving fuel efficiency. Acrylamide is expected t%li%witness highest growth over the forecast period.
- Asia Pacific is expected t%li%remain the largest market by value and volume, and it is als%li%expected t%li%witness the highest growth over the forecast period due t%li%the growing demand for infrastructure along with rehabilitation of infrastructure projects due t%li%urbanization and presence of various automotive manufacturer in China and India is als%li%expected t%li%drive the demand for acrylonitrile in this region
1. United States: INEOS announced plans t%li%invest $2 billion in building a new acrylonitrile plant in the US Gulf Coast region. The US government aims t%li%support domestic production of acrylonitrile t%li%reduce reliance on imports and boost the manufacturing sector.
2. China: Sinopec and PetroChina are expanding acrylonitrile production capacities t%li%meet growing demand in China. The Chinese government aims t%li%strengthen environmental regulations in the chemical industry t%li%curb pollution and promote sustainable production practices.
3. Germany: Companies like BASF and Covestr%li%are investing in research and development of innovative acrylonitrile production technologies. Germany's government aims t%li%promote investment in the chemical sector t%li%maintain competitiveness in global markets.
4. Japan: Mitsubishi Chemical Corporation and Asahi Kasei Corporation are focusing on developing high-performance acrylonitrile-based materials for various applications. The Japanese government aims t%li%support technological innovation in the chemical industry t%li%drive economic growth.
Emerging Trends in the Acrylonitrile Market
An emerging trend, which has a direct impact on the dynamics of the industry, is the bio-based acrylonitrile.
A total of 120 figures / charts and 96 tables are provided in this 197-page report t%li%help in your business decisions. A sample figure with insights is shown below.
Acrylonitrile Market by Segment
The study includes a forecast for the global acrylonitrile market by end use, application, and region as follows:
Acrylonitrile Market by End Use [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:
- Automotive
- Electrical and Electronics
- Packaging
- Construction
- Other End uses
- Acrylic Fiber
- Aditponitrile
- Styrene Acrylonitrile
- Acrylonitrile Butadiene Styrene
- Acrylamide
- Nitrile Butadiene Rubber
- Other Applications
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Italy
- Spain
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Others
- Rest of the World
- Middle East
- Africa
- South America
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies acrylonitrile companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the acrylonitrile companies profiled in this report includes.
- Ineos
- Ascend Performance Materials
- Asahi Kasei Corporation
- Sinopec
- China National Petroleum Corporation
- Sumitom%li%Chemical Co. Ltd.
- Bhansali Engineering Polymers Limited
- Jiangsu Sierbang Petrochemical Co., Ltd.
- Taekwang Industrial Co. Ltd.
- Zhejiang Petrochemical Co., Ltd.
- In 2021, Taekwang entered int%li%a joint venture with LG Chem Ltd. for manufacturing acrylonitrile. For this joint venture, both the companies are investing $109.3 billion. This joint venture will meet the increasing demand for the raw material for sanitary gloves and other hygiene products in a virus-conscious environment.
- In June 2019, Ineos successfully signed an memorandum of understanding (MOU) with Saudi Aramc%li%and Total t%li%invest US$ 2 billion t%li%building its first three plants in the Middle East. The three world-scale plants produce key building blocks for carbon fiber, engineering polymers, and synthetic lubricants. The new 425,000 ton acrylonitrile plant uses INEOS's world-leading technology and catalyst.
- Market Size Estimates: Acrylonitrile market size estimation in terms of value ($M) and volume (M lbs)
- Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
- Segmentation Analysis: Market size by end use, application, and region
- Regional Analysis: Acrylonitrile market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different end use, application, and regions for the acrylonitrile market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the acrylonitrile market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
Q1. What is the acrylonitrile market size?
Answer:The global acrylonitrile market is expected t%li%reach an estimated $13 billion by 2030.
Q2. What is the growth forecast for acrylonitrile market?
Answer:The acrylonitrile market is expected t%li%grow at a CAGR of 3% from 2024 t%li%2030.
Q3. What are the major drivers influencing the growth of the acrylonitrile market?
Answer: The major growth drivers for this market are increasing use of acrylonitrile in various parts of automotive and construction industry for its chemical and thermal properties, and the use of acrylonitrile in manufacturing acrylic fiber and acrylonitrile butadiene styrene.
Q4. What are the major end uses for acrylonitrile?
Answer:Automotive and construction are the major end uses for acrylonitrile.
Q5. What are the emerging trends in acrylonitrile market?
Answer:An emerging trend, which has a direct impact on the dynamics of the industry, is the bio-based acrylonitrile.
Q6. Wh%li%are the key acrylonitrile companies?
Answer:Some of the key acrylonitrile companies are as follows:
- Ineos
- Ascend Performance Materials
- Asahi Kasei Corporation
- Sinopec Group
- China National Petroleum Corporation
- Sumitom%li%Chemical Co. Ltd.
- Bhansali Engineering Polymers Limited
- Jiangsu Sierbang Petrochemical Co., Ltd.
- Taekwang Industrial Co. Ltd.
- Zhejiang Petrochemical Co., Ltd.
Answer: Lucintel forecasts that Acrylonitrile butadiene styrene will remain the largest application by value and volume due t%li%its increasing use in automotive industry like; panels for cars, helping t%li%make them lighter, and improving fuel efficiency. Acrylamide is expected t%li%witness highest growth over the forecast period.
Q8: In acrylonitrile market, which region is expected t%li%be the largest in next 5 years?
Answer:Asia Pacific is expected t%li%remain the largest region and witness the highest growth over next 5 years
Q9. D%li%we receive customization in this report?
Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1. What are some of the most promising potential, high growth opportunities for the global acrylonitrile market by end use (automotive, electrical and electronics, packaging, construction, and others), application (acrylic fiber, adiponitrile, styrene acrylonitrile, acrylonitrile butadiene styrene, acrylamide, nitrile butadiene rubber, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2. Which segments will grow at a faster pace and why?
Q.3. Which regions will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and threats t%li%the market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Wh%li%are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10. What are some of the competitive products and processes in this area and how big of a threat d%li%they pose for loss of market share via material or product substitution?
Q.11. What M & A activities have taken place in the last 5 years in this market?
For any questions related t%li%sheet molding compound market or related t%li%acrylonitrile sales, acrylonitrile companies, top acrylonitrile companies, acrylonitrile manufacturers, largest acrylonitrile companies, acrylonitrile manufacturer, acrylonitrile company, acrylonitrile manufacturing, acrylonitrile industry, acrylonitrile consumables, acrylonitrile classification, write Lucintel analyst at email: [email protected]. We will be glad t%li%get back t%li%you soon.
Table of Content
1. EXECUTIVE SUMMARY
2. MARKET BACKGROUND AND CLASSIFICATIONS
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2018 TO 2030
3.1: Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2: Global Acrylonitrile Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Acrylonitrile Market by Application
3.3.1: Acrylic Fiber
3.3.2: Adiponitrile
3.3.3: Styrene Acrylonitrile
3.3.4: Acrylamide
3.3.5: Nitrile Butadiene Rubber
3.3.6: Other Applications
3.4. Global Acrylonitrile Market by End Use
3.4.1. Automotive
3.4.2. Electrical & Electronics
3.4.3. Packaging
3.4.4. Construction
3.4.5. Other End Uses
4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2018 TO 2030
4.1: Global Acrylonitrile Market by Region
4.2: North American Acrylonitrile Market
4.2.1: Market by Application
4.2.2: Market by End Use
4.2.3: United States Acrylonitrile Market
4.2.4: Canadian Acrylonitrile Market
4.2.5: Mexican Acrylonitrile Market
4.3: European Acrylonitrile Market
4.3.1: Market by Application
4.3.2: Market by End Use
4.3.3: German Acrylonitrile Market
4.3.4: Italian Acrylonitrile Market
4.3.5: Spanish Acrylonitrile Market
4.3.6: United Kingdom Acrylonitrile Market
4.3.7: French Acrylonitrile Market
4.4: APAC Acrylonitrile Market
4.4.1: Market by Application
4.4.2: Market by End Use
4.4.3: Chinese Acrylonitrile Market
4.4.4: Japanese Acrylonitrile Market
4.4.5: Indian Acrylonitrile Market
4.5: ROW Acrylonitrile Market
4.5.1: Market by Application
4.5.2: Market by End Use
4.5.3: Middle Eastern Acrylonitrile Market
4.5.4: African Acrylonitrile Market
4.5.5: South American Acrylonitrile Market
5. COMPETITOR ANALYSIS
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Geographical Reach
5.4: Porter’s Five Forces Analysis
6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Acrylonitrile Market by Application
6.1.2: Growth Opportunities for the Global Acrylonitrile Market by End Use
6.1.3: Growth Opportunities for the Global Acrylonitrile Market by Region
6.2: Emerging Trends in the Global Acrylonitrile Market
6.3: Strategic Analysis
6.3.1: New Product Development in the Global Acrylonitrile Market
6.3.2: Capacity Expansion in the Global Acrylonitrile Market
6.3.3: Mergers and Acquisitions in the Global Acrylonitrile Market
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: Ineos
7.2: Ascend Performance Materials
7.3: Asahi Kasei Corporation
7.4: Sinopec
7.5: China National Petroleum Corporation
7.6: Sumitomo Chemical Co. Ltd.
7.7: Bhansali Engineering Polymers Limited
7.8: Jiangsu Sierbang Petrochemical Co., Ltd.
7.9: Taekwang Industrial Co. Ltd.
7.10: Zhejiang Petrochemical Co., Ltd.
.
1. EXECUTIVE SUMMARY
2. MARKET BACKGROUND AND CLASSIFICATIONS
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2018 TO 2030
3.1: Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2: Global Acrylonitrile Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Acrylonitrile Market by Application
3.3.1: Acrylic Fiber
3.3.2: Adiponitrile
3.3.3: Styrene Acrylonitrile
3.3.4: Acrylamide
3.3.5: Nitrile Butadiene Rubber
3.3.6: Other Applications
3.4. Global Acrylonitrile Market by End Use
3.4.1. Automotive
3.4.2. Electrical & Electronics
3.4.3. Packaging
3.4.4. Construction
3.4.5. Other End Uses
4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2018 TO 2030
4.1: Global Acrylonitrile Market by Region
4.2: North American Acrylonitrile Market
4.2.1: Market by Application
4.2.2: Market by End Use
4.2.3: United States Acrylonitrile Market
4.2.4: Canadian Acrylonitrile Market
4.2.5: Mexican Acrylonitrile Market
4.3: European Acrylonitrile Market
4.3.1: Market by Application
4.3.2: Market by End Use
4.3.3: German Acrylonitrile Market
4.3.4: Italian Acrylonitrile Market
4.3.5: Spanish Acrylonitrile Market
4.3.6: United Kingdom Acrylonitrile Market
4.3.7: French Acrylonitrile Market
4.4: APAC Acrylonitrile Market
4.4.1: Market by Application
4.4.2: Market by End Use
4.4.3: Chinese Acrylonitrile Market
4.4.4: Japanese Acrylonitrile Market
4.4.5: Indian Acrylonitrile Market
4.5: ROW Acrylonitrile Market
4.5.1: Market by Application
4.5.2: Market by End Use
4.5.3: Middle Eastern Acrylonitrile Market
4.5.4: African Acrylonitrile Market
4.5.5: South American Acrylonitrile Market
5. COMPETITOR ANALYSIS
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Geographical Reach
5.4: Porter’s Five Forces Analysis
6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Acrylonitrile Market by Application
6.1.2: Growth Opportunities for the Global Acrylonitrile Market by End Use
6.1.3: Growth Opportunities for the Global Acrylonitrile Market by Region
6.2: Emerging Trends in the Global Acrylonitrile Market
6.3: Strategic Analysis
6.3.1: New Product Development in the Global Acrylonitrile Market
6.3.2: Capacity Expansion in the Global Acrylonitrile Market
6.3.3: Mergers and Acquisitions in the Global Acrylonitrile Market
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: Ineos
7.2: Ascend Performance Materials
7.3: Asahi Kasei Corporation
7.4: Sinopec
7.5: China National Petroleum Corporation
7.6: Sumitomo Chemical Co. Ltd.
7.7: Bhansali Engineering Polymers Limited
7.8: Jiangsu Sierbang Petrochemical Co., Ltd.
7.9: Taekwang Industrial Co. Ltd.
7.10: Zhejiang Petrochemical Co., Ltd.
.
