Global Acrylonitrile Market Report 2024

Acrylonitrile Global Market Report 2024 – By Application (Acrylic Fiber, Adiponitrile, Styrene Acrylonitrile, Acrylonitrile Butadiene Styrene, Acrylamide, Carbon Fiber, Nitrile Rubber, Other Applications), By End User (Automotive, Electrical & Electronics, Construction, Packaging, Other End Users) – Market Size, Trends, And Global Forecast 2024-2033

Acrylonitrile Global Market Report 2024

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Acrylonitrile Market Definition

Acrylonitrile refer to an organic compound with the formula CH2CHCN. Acrylonitrile (CH2=CHCN) is a toxic, colorless, pale-yellow liquid. Acrylonitrile is primarily used as a raw material in the manufacture of acrylic and modacrylic fibers. Other important applications include plastics (acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN)), nitrile rubbers, nitrile barrier resins, adiponitrile, and acrylamide.

The main applications of acrylonitrile are acrylic fiber, adiponitrile, styrene-acrylonitrile, acrylonitrile butadiene styrene, acrylamide, carbon fiber, nitrile rubber, and others. Acrylic fibers are soft and stretchy, resulting in lightweight, lofty yarns. Acrylic fiber refers to the material made from acrylonitrile that is used as a replacement for wool in clothing and carpets. It is generally referred to as a flexible and adaptable fiber that produces fluffy and light yarns. These characteristics resemble wool quite closely. The different end-users include automotive, electrical and electronics, construction, packaging, and others.

Acrylonitrile Market Segmentation

The acrylonitrile market covered in this report is segmented –

1) By Application: Acrylic Fiber, Adiponitrile, Styrene Acrylonitrile, Acrylonitrile Butadiene Styrene, Acrylamide, Carbon Fiber, Nitrile Rubber, Other Applications

2) By End User: Automotive, Electrical & Electronics, Construction, Packaging, Other End Users

Global Acrylonitrile  Market Size 2023 to 2028: Graph

Acrylonitrile Market Size 2024 And Growth Rate

The acrylonitrile market size has grown strongly in recent years. It will grow from $13.82 billion in 2023 to $14.59 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to demand from automotive industry, rise in petrochemical industry, environmental awareness, investment in research & development, infrastructure development.

Acrylonitrile Market Growth Forecast

The acrylonitrile market size is expected to see strong growth in the next few years. It will grow to $18.49 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to circular economy initiatives, market digitization, global trade dynamics, increasing demand for consumer appliances, rising demand for plastics. Major trends in the forecast period include bio-based acrylonitrile, sustainable production, technological advancements, innovation in blended materials, energy efficiency.

Acrylonitrile Market Driver: Textile And Apparel Industries Fueling Growth In The Acrylonitrile Market

The growing textile and apparel industries are expected to propel the growth of the acrylonitrile market going forward. The apparel and textile industry is divided into two major segments, textile and fabric production from raw materials and the transformation of these fabrics into clothing and other accessories. The increasing need for acrylic fibers caused by the expansion of the textile, garment, and other industries drives the demand for acrylonitrile. For instance, in April 2022, according to a report shared by India Brand Equity Foundation (IBEF), an Indian government export promotion agency, handcrafted exports from India reached $ 2.13 billion between April 2021 and September 2021, a 60.34% YoY growth due to increased industry participants' participation in promoting handicraft products in international markets. In addition, by 2030, India's cotton production is expected to reach 7.2 million tons (or 43 million bales of 170 kg each), spurred by rising consumer demand. Therefore, the growth in the textile and apparel industries is driving the growth of the acrylonitrile market.

Acrylonitrile Market Driver: The Acrylonitrile Market Thrives With Growing Construction Activities

The growing construction activities is expected to propel the growth of the acrylonitrile market going forward. Construction activities refer to the various tasks and operations involved in the process of constructing, renovating, or building structures such as buildings, infrastructure, and facilities. Acrylonitrile is used in construction activities production of polyvinyl chloride (PVC) pipes and fittings and for construction of insulating walls, roofs, and floors in buildings. For instance, in 2021, according to FMI (Fails Management Institute) Corporation, a US-based consulting and investment banking firm, multi-family residential construction spending activities has 18% growth with $111 billion in investment. Also, globally, it is anticipated that this will rise to $136 billion for the year 2025 as investment for multi-family residential construction activities. Therefore, the growing construction activities is driving the growth of the acrylonitrile market.

Global Acrylonitrile Market Major Players

Major companies operating in the acrylonitrile market include INEOS Group Limited, Asahi Kasei Corporation, Mitsubishi Chemical Corporation, Chemelot Campus, Lukoil, Lenntech B.V., Sumitomo Chemical Company Limited, Ascend Performance Materials LLC, Taekwang Industrial Co. Ltd., Repsol S.A., China Petroleum & Chemical Corporation (Sinopec), Solvay S.A., Shanghai Secco Petrochemical Company Limited, Formosa Plastics Corporation, LUC Group, Taixing Yangzi River Petrochemical Co. Ltd., CNPC Jilin Chemical Group, Reliance Industries Limited, Lotte Chemical Corporation, Toray Industries Inc., Thai Acrylic Fiber Co. Ltd., Gihi Chemicals Co., Blackwell Plastics, CHIMEI, Zibo Qixiang Tengda Chemical Co. Ltd., CPDC (Chang Chun Plastics Co. Ltd.), LG Chem, Krada CPS Industry S.L, Nanjing Chemical Material Corp.

Global Acrylonitrile Market Trend: Ineos Nitriles Innovation With The Sustainable Acrylonitrile Solution

Major companies operating in the acrylonitrile market are focusing on innovating products, such as the Invireo TM, to provide reliable services to customers. InvireoTM is used as an acrylonitrile that delivers a significant carbon footprint reduction compared to traditional fossil acrylonitrile. For instance, in June 2023, INEOS Nitriles, a UK-based manufacturer of petrochemicals, launched InvireoTM. Invireo TM is a bio-attributed product line for acrylonitrile, which is produced from sustainable feedstock’s. InvireoTM reduces the carbon footprint of the end product by more than 90%.

Global Acrylonitrile Market Trend: Mba Polymers Abs 4125 Ul With Sustainable Solution In Acrylonitrile Market

Major companies operating in the acrylonitrile market are focusing on innovating products, such as ABS 4125 UL (Acrylonitrile Butadiene Styrene), to provide reliable services to customers. ABS 4125 UL (Acrylonitrile Butadiene Styrene) is a sustainable product with a high post-consumer recycled content of 95% or more. For instance, in June 2023, MBA Polymers UK Ltd., a UK-based recycling company, launched ABS 4125 UL. ABS 4125 UL is a post-consumer recycled acrylonitrile-butadiene-styrene copolymer that is designed for applications requiring higher impact strength. It is used in electronics, automotive manufacturing, and consumer goods.

Acrylonitrile Market Merger And Acquisition: Oriental Shenghong Expands Portfolio And Global Reach With Serbon Petrochemical Acquisition

In December 2021, Oriental Shenghong, a Chinese producer of polyester fiber related products acquired Serbon Petrochemical for 14.36 billion yuan ($2.04 billion). The acquisition enables Oriental Shenghong to build an international fossil chemical company and provided growth opportunities with addition of Serbon’s facilities. Serbon Petrochemical is a Chinese provider of acrylonitrile, EVA photovoltaic materials, and other products.

Regional Outlook For The Global Acrylonitrile Market

Asia-Pacific was the largest region in the acrylonitrile market in 2023. North America was the second-largest region in the acrylonitrile market. The regions covered in the acrylonitrile market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the acrylonitrile market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The acrylonitrile market consists of sales of acrylonitrile that is used in the manufacture of modacrylic fibers in textiles industry. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The acrylonitrile market research report is one of a series of new reports from The Business Research Company that provides acrylonitrile market statistics, including acrylonitrile industry global market size, regional shares, competitors with an acrylonitrile market share, detailed acrylonitrile market segments, market trends and opportunities, and any further data you may need to thrive in the acrylonitrile industry. This acrylonitrile market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Acrylonitrile Market Report Forecast And Analysis
Report AttributeDetails
Market Size Value In 2024 $14.59 billion
Revenue Forecast In 2033 $18.49 billion
Growth Rate CAGR of 6.1% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Application: Acrylic Fiber, Adiponitrile, Styrene Acrylonitrile, Acrylonitrile Butadiene Styrene, Acrylamide, Carbon Fiber, Nitrile Rubber, Other Applications
2) By End User: Automotive, Electrical & Electronics, Construction, Packaging, Other End Users
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled INEOS Group Limited; Asahi Kasei Corporation; Mitsubishi Chemical Corporation; Chemelot Campus; Lukoil; Lenntech B.V.; Sumitomo Chemical Company Limited; Ascend Performance Materials LLC; Taekwang Industrial Co. Ltd.; Repsol S.A.; China Petroleum & Chemical Corporation (Sinopec); Solvay S.A.; Shanghai Secco Petrochemical Company Limited; Formosa Plastics Corporation; LUC Group; Taixing Yangzi River Petrochemical Co. Ltd.; CNPC Jilin Chemical Group; Reliance Industries Limited; Lotte Chemical Corporation; Toray Industries Inc.; Thai Acrylic Fiber Co. Ltd.; Gihi Chemicals Co.; Blackwell Plastics; CHIMEI; Zibo Qixiang Tengda Chemical Co. Ltd.; CPDC (Chang Chun Plastics Co. Ltd.); LG Chem; Krada CPS Industry S.L; Nanjing Chemical Material Corp.
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Acrylonitrile Market Characteristics

    3. Acrylonitrile Market Trends And Strategies

    4. Acrylonitrile Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On the Market

    4.2. Ukraine-Russia War Impact On the Market

    4.3. COVID-19 Impact On the Market

    5. Global Acrylonitrile Market Size and Growth

    5.1. Global Acrylonitrile Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Acrylonitrile Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Acrylonitrile Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Acrylonitrile Market Segmentation

    6.1. Global Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Acrylic Fiber

    Adiponitrile

    Styrene Acrylonitrile

    Acrylonitrile Butadiene Styrene

    Acrylamide

    Carbon Fiber

    Nitrile Rubber

    Other Applications

    6.2. Global Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Automotive

    Electrical & Electronics

    Construction

    Packaging

    Other End Users

    7. Acrylonitrile Market Regional And Country Analysis

    7.1. Global Acrylonitrile Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Acrylonitrile Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Acrylonitrile Market  

    8.1. Asia-Pacific Acrylonitrile Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Acrylonitrile Market  

    9.1. China Acrylonitrile Market Overview  

    9.2. China Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Acrylonitrile Market  

    10.1. India Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Acrylonitrile Market  

    11.1. Japan Acrylonitrile Market Overview  

    11.2. Japan Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Acrylonitrile Market  

    12.1. Australia Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Acrylonitrile Market  

    13.1. Indonesia Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Acrylonitrile Market  

    14.1. South Korea Acrylonitrile Market Overview  

    14.2. South Korea Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Acrylonitrile Market  

    15.1. Western Europe Acrylonitrile Market Overview

    15.2. Western Europe Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Acrylonitrile Market  

    16.1. UK Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Acrylonitrile Market  

    17.1. Germany Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Acrylonitrile Market  

    18.4. France Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.5. France Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Acrylonitrile Market  

    19.7. Italy Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.8. Italy Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Acrylonitrile Market  

    20.10. Spain Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.11. Spain Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Acrylonitrile Market  

    21.1. Eastern Europe Acrylonitrile Market Overview

    21.2. Eastern Europe Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Acrylonitrile Market  

    22.1. Russia Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Acrylonitrile Market  

    23.1. North America Acrylonitrile Market Overview

    23.2. North America Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Acrylonitrile Market  

    24.1. USA Acrylonitrile Market Overview

    24.2. USA Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Acrylonitrile Market  

    25.1. Canada Acrylonitrile Market Overview

    25.2. Canada Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Acrylonitrile Market  

    26.1. South America Acrylonitrile Market Overview

    26.2. South America Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Acrylonitrile Market  

    27.1. Brazil Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Acrylonitrile Market  

    28.1. Middle East Acrylonitrile Market Overview

    28.2. Middle East Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Acrylonitrile Market  

    29.1. Africa Acrylonitrile Market Overview

    29.2. Africa Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Acrylonitrile Market Competitive Landscape And Company Profiles

    30.1. Acrylonitrile Market Competitive Landscape

    30.2. Acrylonitrile Market Company Profiles

    30.2.1. INEOS Group Limited

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Asahi Kasei Corporation

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Mitsubishi Chemical Corporation

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Chemelot Campus

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Lukoil

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Global Acrylonitrile Market Competitive Benchmarking

    32. Global Acrylonitrile Market Competitive Dashboard

    33. Key Mergers And Acquisitions In The Acrylonitrile Market

    34. Acrylonitrile Market Future Outlook and Potential Analysis

    34.1 Acrylonitrile Market In 2028 - Countries Offering Most New Opportunities

    34.2 Acrylonitrile Market In 2028 - Segments Offering Most New Opportunities

    34.3 Acrylonitrile Market In 2028 - Growth Strategies

    34.3.1 Market Trend Based Strategies

    34.3.2 Competitor Strategies

    35. Appendix

    35.1. Abbreviations

    35.2. Currencies

    35.3. Historic And Forecast Inflation Rates

    35.4. Research Inquiries

    35.5. The Business Research Company

    35.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Acrylonitrile Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Acrylonitrile Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Asia-Pacific, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: China, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: China, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: India, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: India, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: Japan, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: Japan, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: Australia, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: Australia, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Indonesia, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Indonesia, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: South Korea, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: South Korea, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Western Europe, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Western Europe, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: UK, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: UK, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Germany, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Germany, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: France, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: France, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Italy, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Italy, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Spain, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Spain, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: Eastern Europe, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: Eastern Europe, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Russia, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Russia, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: North America, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: North America, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: USA, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: USA, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Canada, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Canada, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: South America, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: South America, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Brazil, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Brazil, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Middle East, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Middle East, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Africa, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Africa, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: INEOS Group Limited Financial Performance
  • Table 52: Asahi Kasei Corporation Financial Performance
  • Table 53: Mitsubishi Chemical Corporation Financial Performance
  • Table 54: Chemelot Campus Financial Performance
  • Table 55: Lukoil Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Acrylonitrile Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Acrylonitrile Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Asia-Pacific, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: China, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: China, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: India, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: India, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: Japan, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: Japan, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: Australia, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: Australia, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Indonesia, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Indonesia, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: South Korea, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: South Korea, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Western Europe, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Western Europe, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: UK, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: UK, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Germany, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Germany, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: France, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: France, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Italy, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Italy, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Spain, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Spain, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: Eastern Europe, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: Eastern Europe, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Russia, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Russia, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: North America, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: North America, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: USA, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: USA, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Canada, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Canada, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: South America, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: South America, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Brazil, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Brazil, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Middle East, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Middle East, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Africa, Acrylonitrile Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Africa, Acrylonitrile Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: INEOS Group Limited Financial Performance
  • Figure 52: Asahi Kasei Corporation Financial Performance
  • Figure 53: Mitsubishi Chemical Corporation Financial Performance
  • Figure 54: Chemelot Campus Financial Performance
  • Figure 55: Lukoil Financial Performance
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Frequently Asked Questions

What is the definition of the acrylonitrile market?

Acrylonitrile refer to an organic compound with the formula CH2CHCN. Acrylonitrile (CH2=CHCN) is a toxic, colorless, pale-yellow liquid. Acrylonitrile is primarily used as a raw material in the manufacture of acrylic and modacrylic fibers. Other important applications include plastics (acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN)), nitrile rubbers, nitrile barrier resins, adiponitrile, and acrylamide. For further insights on the acrylonitrile market, request a sample here

How will the acrylonitrile market drivers and restraints affect the acrylonitrile market dynamics? What forces will shape the acrylonitrile industry going forward?

The acrylonitrile market major growth driver - Textile And Apparel Industries Fueling Growth In The Acrylonitrile Market. For further insights on the acrylonitrile market, request a sample here

What is the forecast market size or the forecast market value of the acrylonitrile market?

The acrylonitrile market size has grown strongly in recent years. It will grow from $13.82 billion in 2023 to $14.59 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to demand from automotive industry, rise in petrochemical industry, environmental awareness, investment in research & development, infrastructure development . The acrylonitrile market size is expected to see strong growth in the next few years. It will grow to $18.49 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to circular economy initiatives, market digitization, global trade dynamics, increasing demand for consumer appliances, rising demand for plastics . Major trends in the forecast period include bio-based acrylonitrile, sustainable production, technological advancements, innovation in blended materials, energy efficiency. For further insights on the acrylonitrile market, request a sample here

How is the acrylonitrile market segmented?

The acrylonitrile market is segmented
1) By Application: Acrylic Fiber, Adiponitrile, Styrene Acrylonitrile, Acrylonitrile Butadiene Styrene, Acrylamide, Carbon Fiber, Nitrile Rubber, Other Applications
2) By End User: Automotive, Electrical & Electronics, Construction, Packaging, Other End UsersFor further insights on the acrylonitrile market,
request a sample here

Which region has the largest share of the acrylonitrile market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the acrylonitrile market in 2023. North America was the second-largest region in the acrylonitrile market. The regions covered in the acrylonitrile market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. For further insights on the acrylonitrile market, request a sample here.

Who are the major players in the acrylonitrile market?

Major companies operating in the acrylonitrile market include INEOS Group Limited, Asahi Kasei Corporation, Mitsubishi Chemical Corporation, Chemelot Campus, Lukoil, Lenntech B.V., Sumitomo Chemical Company Limited, Ascend Performance Materials LLC, Taekwang Industrial Co. Ltd., Repsol S.A., China Petroleum & Chemical Corporation (Sinopec), Solvay S.A., Shanghai Secco Petrochemical Company Limited, Formosa Plastics Corporation, LUC Group, Taixing Yangzi River Petrochemical Co. Ltd., CNPC Jilin Chemical Group, Reliance Industries Limited, Lotte Chemical Corporation, Toray Industries Inc., Thai Acrylic Fiber Co. Ltd., Gihi Chemicals Co., Blackwell Plastics, CHIMEI, Zibo Qixiang Tengda Chemical Co. Ltd., CPDC (Chang Chun Plastics Co. Ltd.), LG Chem, Krada CPS Industry S.L, Nanjing Chemical Material Corp. For further insights on the acrylonitrile market, request a sample here.

What are the key trends in the acrylonitrile market?

Major trend in the acrylonitrile market - Ineos Nitriles Innovation With The Sustainable Acrylonitrile Solution. For further insights on the acrylonitrile market, request a sample here.

What are the major opportunities in the acrylonitrile market? What are the strategies for the acrylonitrile market?

For detailed insights on the major opportunities and strategies in the acrylonitrile market, request a sample here.

How does the acrylonitrile market relate to the overall economy and other similar markets?

For detailed insights on acrylonitrile market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the acrylonitrile industry?

For detailed insights on the mergers and acquisitions in the acrylonitrile industry, request a sample here.

What are the key dynamics influencing the acrylonitrile market growth? SWOT analysis of the acrylonitrile market.

For detailed insights on the key dynamics influencing the acrylonitrile market growth and SWOT analysis of the acrylonitrile industry, request a sample here.