Acrylonitrile Market Research Report Global Forecast—till 2027

Global Acrylonitrile Market: Information by Application (Acrylic Fiber, Acrylonitrile Butadiene Styrene (ABS), Styrene-Acrylonitrile Resin (SAR), Acrylamide and others), End-Use Industry (Automotive, Electrical & Electronics, Construction, Packaging and others) and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) - Forecast till 2027

ID: MRFR/CnM/2138-HCR | February 2021 | Region: Global | 140 pages

Please note that the assessment period of report has been updated from 2017–2025 to 2020-2027. Cordially fill the sample form for updated data.

Overview


The global acrylonitrile market is expected to grow at a CAGR of over 3% to reach to over 1035 thousand tons by end of 2025.


Acrylonitrile is a clear, colorless liquid produced by ammoxidation process in which propylene, ammonia, and air are made to react using a catalyst at a high temperature. Acrylonitrile is used in a wide range of chemicals such as acrylonitrile butadiene styrene (ABS), styrene acrylonitrile resins (SAR), acrylic fibers, acrylamide, nitrile rubber, adiponitrile, and carbon fibers among others. ABS and SAR accounted for the largest share of the global acrylonitrile rubber market in 2018 and is expected to register a significant CAGR during the review period. The segment growth can be attributed to the increasing demand in automotive and construction industries owing to its superior properties such as chemical & thermal stability, durability, and high strength, among others. Acrylic fibers are another important revenue generating a segment of the global acrylonitrile market on account of rising use in carpets, clothes, fabrics, and packaging applications.


Acrylonitrile finds applications in various end-use industries including automotive, electrical & electronics, construction, packaging, pharmaceuticals, textile, wastewater treatment, and others. The global demand for acrylonitrile is primarily driven by increasing demand in the automotive industry. ABS is being used in numerous automobile applications including instrument panels, pillar trims, dashboard components, door liners & handles, and seat belt components, among others.  Increasing use of plastics in automobiles in order to reduce the weight of the vehicles to reduce carbon emissions and thus, improve vehicle efficiency is driving the demand for ABS in the automotive industry and thus, acrylonitrile.


Growing electrical & electronics industry with increased spending on consumer electronics coupled with increased plastic consumption in electronics is expected to propel the market growth at a significant rate during the review period.


The product consumption is increasing in construction applications, including headliners, interiors grills, trims, and center consoles, among others. Expanding construction industry with an increase in residential construction is another important factor propelling the market growth worldwide.


Growing applications of acrylonitrile such as pharmaceuticals, agriculture, and wastewater treatment are likely to offer lucrative opportunities to the players operating in the global acrylonitrile market.


Due to certain drawbacks associated with the petroleum-derived acrylonitrile such as fluctuations in raw material prices and environmental regulations, the demand for bio-based acrylonitrile produced using renewable feedstock is likely to increase. This is likely to result in the robust market growth in the coming years.


Key Players


Some of the key players operating in the global acrylonitrile market are Asahi Kasei Corporation (Japan), Solvay (US), AnQore, Koninklijke DSM NV (Netherlands), Ascend Performance Materials (US),  INEOS (UK), LUKOIL (Russia), Mitsubishi Chemical Corporation (Japan), Taekwang Industrial Co. Ltd (South Korea),  Formosa Plastics Corporation (Taiwan), Sumitomo Chemical Co., Ltd (Japan), Lenntech BV (Netherlands), and Repsol (Spain). 


Global Acrylonitrile Market Share, by Application, 2018 (%)
 Acrylonitrile Market


Source: MRFR Analysis


Regional Analysis


The market in Asia-Pacific accounted for the largest share of the global acrylonitrile market in 2018 and is expected to witness significant growth during the review period. The market growth can be attributed to the expanding automotive and construction industries in developing countries. Increasing government support to reduce carbon emissions by the transportation sector is likely to drive the demand for lightweight materials and thus, acrylonitrile.


The market in North America is expected to witness significant growth during the review period. The increasing environmental regulation by the US Environmental Protection Agency to reduce carbon emissions has resulted in increased demand for lightweight materials in the transportation sector, which is expected to drive the regional market growth during the review period. The US is expected to be the leading market in the region.


Europe is projected to be the prominent market for acrylonitrile on account of the increasing use in the automotive industry, mainly in Germany. The expanding automotive industry in the region with increased production of energy-efficient vehicles to curb CO2 emission is expected to boost the regional market growth at a significant rate. Additionally, expanding the construction industry in the region, particularly in Eastern Europe on account of rising in residential construction is expected to propel the market growth.


The market in Latin America and the Middle East & Africa are expected to grow at a substantial rate during the review period on account of the growth of the major end-use industries such as automotive and construction.


Segmentation


The global acrylonitrile market has been segmented based on application, end-use industry, and region.


On the basis of application, the global market has been segregated into the acrylic fiber, acrylonitrile butadiene styrene (ABS), styrene-acrylonitrile resin (SAR), acrylamide, and others.


Based on end-use industry, the global market has been categorized as automotive, electrical & electronics, construction, packaging, and others.


The global market, by region, has been segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


Intended Audience



  • Acrylonitrile manufacturers

  • Traders and distributors of acrylonitrile

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Frequently Asked Questions (FAQ) :


The acrylonitrile market is projected to grow at a 3% CAGR between 2017-2025.

The acrylonitrile market is predicted to touch USD 1035 thousand tons by 2025.

The APAC region is expected to dominate the acrylonitrile market.

Different end use industries for acrylonitrile include packaging, construction, automotive, and others.

Environmental regulations may impede market growth.

Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Bargaining Power of Suppliers

4.1.4 Threat of Substitutes

4.1.5 Segment Rivalry

4.2 Value Chain/Supply Chain of the Global Acrylonitrile Market

5 Industry Overview of the Global Acrylonitrile Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Global Acrylonitrile Market, by Application

7.1 Introduction

7.2 Acrylic Fiber

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Acrylonitrile Butadiene Styrene (ABS)

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Styrene-Acrylonitrile Resin (SAR)

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

7.5 Acrylamide

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Region, 2020-2027

7.6 Others

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Acrylonitrile Market, by End-Use Industry

8.1 Introduction

8.2 Automotive

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Electrical & Electronics

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Construction

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Packaging

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

8.6 Others

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Acrylonitrile Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast, by Application, 2020-2027

9.2.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2020-2027

9.2.4.2 Market Estimates & Forecast, by Application, 2020-2027

9.2.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast, by Application, 2020-2027

9.2.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast, by Application, 2020-2027

9.3.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020-2027

9.3.4.2 Market Estimates & Forecast, by Application, 2020-2027

9.3.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast, by Application, 2020-2027

9.3.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast, by Application, 2020-2027

9.3.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast, by Application, 2020-2027

9.3.7.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast, by Application, 2020-2027

9.3.8.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020-2027

9.3.9.2 Market Estimates & Forecast, by Application, 2020-2027

9.3.9.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2020-2027

9.3.10.2 Market Estimates & Forecast, by Application, 2020-2027

9.3.10.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.11 Rest of Europe

9.3.11.1 Market Estimates & Forecast, 2020-2027

9.3.11.2 Market Estimates & Forecast, by Application, 2020-2027

9.3.11.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast, by Application, 2020-2027

9.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast, by Application, 2020-2027

9.4.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast, by Application, 2020-2027

9.4.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.6 Japan

9.4.5.1 Market Estimates & Forecast, 2020-2027

9.4.5.2 Market Estimates & Forecast, by Application, 2020-2027

9.4.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.7 Australia & New Zealand

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast, by Application, 2020-2027

9.4.7.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.8 Indonesia

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast, by Application, 2020-2027

9.4.8.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.9 Thailand

9.4.9.1 Market Estimates & Forecast, 2020-2027

9.4.9.2 Market Estimates & Forecast, by Application, 2020-2027

9.4.9.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.10 Malaysia

9.4.10.1 Market Estimates & Forecast, 2020-2027

9.4.10.2 Market Estimates & Forecast, by Application, 2020-2027

9.4.10.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.11 Rest of Asia-Pacific

9.4.11.1 Market Estimates & Forecast, 2020-2027

9.4.11.2 Market Estimates & Forecast, by Application, 2020-2027

9.4.11.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast, by Application, 2020-2027

9.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020-2027

9.5.4.2 Market Estimates & Forecast, by Application, 2020-2027

9.5.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast, by Application, 2020-2027

9.5.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast, by Application, 2020-2027

9.5.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast, by Application, 2020-2027

9.5.7.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5.8 Rest of the Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020-2027

9.5.8.2 Market Estimates & Forecast, by Application, 2020-2027

9.5.8.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast, by Application, 2020-2027

9.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020-2027

9.6.4.2 Market Estimates & Forecast, by Application, 2020-2027

9.6.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020-2027

9.6.5.2 Market Estimates & Forecast, by Application, 2020-2027

9.6.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020-2027

9.6.6.2 Market Estimates & Forecast, by Application, 2020-2027

9.6.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020-2027

9.6.7.2 Market Estimates & Forecast, by Application, 2020-2027

9.6.7.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

10. Company Landscape

11. Company Profiles

11.1 Asahi Kasei Corporation

11.1.1 Company Overview

11.1.2 Application/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Solvay

11.2.1 Company Overview

11.2.2 Application/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 AnQore, Koninklijke DSM NV

11.3.1 Company Overview

11.3.2 Application/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Ascend Performance Materials

11.4.1 Company Overview

11.4.2 Application/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 INEOS

11.5.1 Company Overview

11.5.2 Application/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 LUKOIL

11.6.1 Company Overview

11.6.2 Application/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Mitsubishi Chemical Corporation

11.7.1 Company Overview

11.7.2 Application/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Taekwang Industrial Co. Ltd

11.8.1 Company Overview

11.8.2 Application/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Formosa Plastics Corporation

11.9.1 Company Overview

11.9.2 Application/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Sumitomo Chemical Co., Ltd

11.10.1 Company Overview

11.10.2 Application/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

11.11 Lenntech BV

11.11.1 Company Overview

11.11.2 Application/Business Segment Overview

11.11.3 Financial Updates

11.11.4 Key Developments

11.12 Repsol

11.12.1 Company Overview

11.12.2 Application/Business Segment Overview

11.12.3 Financial Updates

11.12.4 Key Developments

12. Conclusion

LIST OF TABLES

Table 1 World Population in Major Regions 2020-2027

Table 2 Global Acrylonitrile Market, by Region, 2020-2027

Table 3 North America: Acrylonitrile Market, by Country, 2020-2027

Table 4 Europe: Acrylonitrile Market, by Country, 2020-2027

Table 5 Asia-Pacific: Acrylonitrile Market, by Country, 2020-2027

Table 7 Middle East & Africa: Acrylonitrile Market, by Country, 2020-2027

Table 6 Latin America: Acrylonitrile Market, by Country, 2020-2027

Table 8 Global Acrylonitrile Application Market, by Region, 2020-2027

Table 9 North America: Acrylonitrile Application Market, by Country, 2020-2027

Table 10 Europe: Acrylonitrile Application Market, by Country, 2020-2027

Table11 Asia-Pacific: Acrylonitrile Application Market, by Country, 2020-2027

Table13 Middle East & Africa: Acrylonitrile Application Market, by Country, 2020-2027

Table12 Latin America: Acrylonitrile Application Market, by Country, 2020-2027

Table14 North America: Acrylonitrile End-Use Industry Market, by Country, 2020-2027

Table13 Europe: Acrylonitrile End-Use Industry Market, by Country, 2020-2027

Table14 Asia-Pacific: Acrylonitrile End-Use Industry Market, by Country, 2020-2027

Table16 Middle East & Africa: Acrylonitrile End-Use Industry Market, by Country, 2020-2027

Table15 Latin America: Acrylonitrile End-Use Industry Market, by Country, 2020-2027

Table23 Global Application Market, by Region, 2020-2027

Table24 Global End-Use Industry Market, by Region, 2020-2027

Table25 North America: Acrylonitrile Market, by Country, 2020-2027

Table26 North America: Acrylonitrile Market, by Application, 2020-2027

Table27 North America: Acrylonitrile Market, by End-Use Industry, 2020-2027

Table28 Europe: Acrylonitrile Market, by Country, 2020-2027

Table29 Europe: Acrylonitrile Market, by Application, 2020-2027

Table30 Europe: Acrylonitrile Market, by End-Use Industry, 2020-2027

Table31 Asia-Pacific: Acrylonitrile Market, by Country, 2020-2027

Table32 Asia-Pacific: Acrylonitrile Market, by Application, 2020-2027

Table33 Asia-Pacific: Acrylonitrile Market, by End-Use Industry, 2020-2027

Table36 Middle East & Africa: Acrylonitrile Market, by Country, 2020-2027

Table37 Middle East & Africa Acrylonitrile Market, by Application, 2020-2027

Table33 Middle East & Africa: Acrylonitrile Market, by End-Use Industry, 2020-2027

Table34 Latin America: Acrylonitrile Market, by Country, 2020-2027

Table35 Latin America Acrylonitrile Market, by Application, 2020-2027

Table33 Latin America: Acrylonitrile Market, by End-Use Industry, 2020-2027

LIST OF FIGURES

FIGURE 1 Global Acrylonitrile Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Acrylonitrile Market

FIGURE 4 Value Chain of Global Acrylonitrile Market

FIGURE 5 Share of Global Acrylonitrile Market in 2020, by Country (%)

FIGURE 6 Global Acrylonitrile Market, 2020-2027,

FIGURE 7 Sub-Segments of Application, 2020

FIGURE 8 Global Acrylonitrile Market Size, by Application, 2020

FIGURE 9 Share of Global Acrylonitrile Market, by Application, 2020-2027

FIGURE 10 Sub-Segments of End-Use Industry

FIGURE 11 Global Acrylonitrile Market Size, by End-Use Industry, 2020

FIGURE 12 Share of Global Acrylonitrile Market, by End-Use Industry, 2020-2027