The global market for Acrylonitrile is estimated at US$26.0 Billion in 2023 and is projected to reach US$34.2 Billion by 2030, growing at a CAGR of 4.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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.
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.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Acrylic Fibers Application segment, which is expected to reach US$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, estimated at $7.0 Billion in 2023, and China, forecasted to grow at an impressive 6.6% CAGR to reach $7.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Acrylonitrile Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Acrylonitrile Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Acrylonitrile Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 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, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 44 Featured):
- Asahi Kasei Corporation
- Ascend Performance Materials LLC
- INEOS Group AG
- PJSC LUKOIL
- Royal DSM NV
- Sumitomo Chemical Co., Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Asahi Kasei Corporation
- Ascend Performance Materials LLC
- INEOS Group AG
- PJSC LUKOIL
- Royal DSM NV
- Sumitomo Chemical Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 182 |
| Published | December 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 26 Billion |
| Forecasted Market Value ( USD | $ 34.2 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
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