Acrylonitrile - Global Strategic Business Report

The global market for Acrylonitrile was valued at USD 27.1 Billion in 2024 and is projected to reach USD 34.2 Billion by 2030, growing at a CAGR of 4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Acrylonitrile Market - Key Trends & Drivers Summarized

What Are the Recent Innovations in Acrylonitrile Production?

The acrylonitrile market has experienced notable innovations in production technologies, improving efficiency and environmental sustainability. The traditional production method involves the ammoxidation of propylene, but recent advancements have focused on optimizing catalyst performance and process conditions to increase yield and reduce energy consumption. Additionally, the development of bio-based acrylonitrile production methods using renewable feedstocks, such as biomass, is gaining traction. These bio-based processes aim to reduce the carbon footprint and reliance on fossil fuels. Improvements in purification and separation technologies also ensure high-purity acrylonitrile suitable for various industrial applications. These advancements reflect a trend towards more efficient, sustainable, and environmentally friendly production methods in the acrylonitrile industry.

How Is Acrylonitrile Used Across Different Industries?

Acrylonitrile is a critical chemical with diverse applications across various industries. In the automotive and transportation industries, it is used to produce acrylonitrile butadiene styrene (ABS), a durable and impact-resistant plastic used in automotive parts and accessories. The chemical industry uses acrylonitrile as a precursor for producing acrylic fibers, which are used in textiles and clothing. Additionally, acrylonitrile is essential in the production of nitrile rubber, used in manufacturing seals, gaskets, and hoses. In the electronics industry, acrylonitrile is used in the production of high-performance plastics and resins, which are used in electronic housings and components. The construction industry also benefits from acrylonitrile in the form of styrene-acrylonitrile (SAN) copolymers used in pipes and fittings. These applications highlight the versatility and importance of acrylonitrile across various sectors.

Why Is Environmental Sustainability a Key Focus in Acrylonitrile Production?

Environmental sustainability has become a key focus in acrylonitrile production, driven by the need to reduce the environmental impact and enhance resource efficiency. The development of bio-based production methods using renewable feedstocks addresses concerns related to fossil fuel depletion and greenhouse gas emissions. Manufacturers are also optimizing traditional production processes to reduce energy consumption and improve yield, contributing to lower carbon footprints. The use of sustainable feedstocks and the implementation of green chemistry principles further enhance the environmental performance of acrylonitrile production. These sustainability initiatives align with global efforts to promote circular economy practices and achieve long-term environmental goals. By focusing on sustainable production methods, the acrylonitrile industry is addressing both regulatory requirements and consumer demand for environmentally responsible products.

What Are the Key Drivers of Market Growth?

The growth in the acrylonitrile market is driven by several factors. Technological advancements in production processes enhance efficiency and yield, meeting the increasing demand for high-quality acrylonitrile. The expansion of industries such as automotive, chemicals, electronics, and construction drives the demand for acrylonitrile. The growing emphasis on sustainability and the development of bio-based production methods address environmental concerns and regulatory requirements. The rising use of acrylonitrile in emerging applications, such as in the production of renewable chemicals and materials, further propels market growth. Additionally, investments in research and development by manufacturers foster innovation and the introduction of advanced production technologies. These factors collectively drive the dynamic and rapidly evolving acrylonitrile market.

Report Scope

The report analyzes the Acrylonitrile market, presented in terms of market value (USD Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Application (Acrylic Fibers, ABS, Acrylamide, Adiponitrile, Nitrile Fiber, Other Applications).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Acrylic Fibers Application segment, which is expected to reach $6.7 Billion by 2030 with a CAGR of a 3.4%. The ABS Application segment is also set to grow at 4.5% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $7.3 Billion in 2024, and China, forecasted to grow at an impressive 6.5% CAGR to reach $7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Asahi Kasei Corporation, Ascend Performance Materials LLC, INEOS Group AG, PJSC LUKOIL, Royal DSM NV and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Acrylonitrile Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Acrylonitrile Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Acrylonitrile Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 44 major companies featured in this Acrylonitrile market report include:

• Asahi Kasei Corporation
• Ascend Performance Materials LLC
• INEOS Group AG
• PJSC LUKOIL
• Royal DSM NV
• Sumitomo Chemical Co., Ltd.