Data Bridge Market Research analyses that the acrylonitrile market was valued at USD 12.79 billion in 2021 and is expected to reach USD 17.64 billion by 2029, registering a CAGR of 4.10% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Acrylonitrile is an organic compound and the chemical formula of this compound is CH2 CHCN. It is simple organic compound because it mostly contains carbon and hydrogen atoms. Acrylonitrile is a toxic compound with a pale-yellow color and in liquid form. Acrylonitrile is produced by combining ammonia, propylene, and air with the help of process called ammoxidation. During this process ammonia propylene, and air are fed through a catalyst at a high temperature. Acrylonitrile is harmful to the lungs, eyes, skin, and nervous system. It may cause cancer.
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Some of the major players operating in the acrylonitrile market are:
- Asahi Kasei Corporation (Japan)
- Solvay (US)
- Anmoore, (Netherlands)
- DSM (Netherlands)
- Ascend Performance Materials (US)
- INEOS (UK)
- LUKOIL (Russia)
- Mitsubishi Chemical Corporation (Japan)
- Tae Kwang Industrial Co. Ltd (South Korea)
- Formosa Plastics Corporation (Taiwan)
- Sumitomo Chemical Co., Ltd (Japan)
- Lenntech BV (Netherlands)
Global Acrylonitrile Market Scope:
The acrylonitrile market is segmented on the basis of application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Acrylic Fibber
- Adiponitrile
- Styrene Acrylonitrile
- Acrylonitrile Butadiene Styrene
- Acrylamide
- Carbon Fibber
- Nitrile Rubber
- Others
End User
- Automotive
- Electrical and Electronics
- Construction
- Packaging
- Others
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Acrylonitrile Market Regional Analysis/Insights:
The acrylonitrile market is analyzed and market size insights and trends are provided by country, application and end-user as referenced above.
The countries covered in the acrylonitrile market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the acrylonitrile market in terms of revenue and market share during the forecast period. This is due to the increasing demand for acrylonitrile in this region. The Asia-Pacific region leads the acrylonitrile market due to growing demand for acrylic fibres from home and apparel furnishing industry in this region.
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