Acrylonitrile Market Overview
Acrylonitrile is an organic compound due to the presence of hydrogen and carbon in its structure with the formula CH 2CHCN and the structure H2C=CH-C=N and acrylonitrile is used in many industries, it is also used to make acrylic fibers, certain plastics. , rubber and chemicals, and was formerly used as an insecticide. In the plant where it is produced, acrylonitrile is a colorless, liquid and is a highly volatile and toxic, man-made chemical with a pungent, onion- or garlic-like odor. Acrylonitrile is readily absorbed into the systemic circulation after exposure by inhalation or ingestion. After inhalation of acrylonitrile by humans, about 50% of the administered dose of acrylonitrile is absorbed, acrylonitrile is the most common organic solvent such as acetone, benzene, carbon tetrachloride, ethyl acetate and toluene, and it melts at 84 degrees Celsius and boils at 77 degrees. Acrylonitrile is obtain commercially by the process of propylene ammoxidation, among propylene, ammonia and air are reacted in a fluidized bed in the presence of a catalyst. Acrylonitrile butadiene styrene is a common thermoplastic used to make lightweight rigid, molded products such as pipes, automotive body parts, wheel covers, enclosures, and protective head gear. Acrylonitrile is a versatile and reactive monomer that, due to its polar nature and reactivity, can be polymerized under a wide variety of conditions and copolymerized with a wide range of other vinyl monomers. Acrylonitrile can be polymerized into a material called polyacrylonitrile, and polyacrylonitrile fibers can be used for a range of products such as fishing poles, bicycle frames and tennis rackets. The market is expected to grow in the coming years due to increasing demand for acrylic fibers made from acrylonitrile.
Acrylonitrile Market Dynamics
Increasing demand in manufacturing of electronics and High volatility of raw materials
In the near future, the Acrylonitrile Market is expected to be driven by significant demand in the construction industry for making headliners, interior grills, center consoles, and others, and increasing awareness about wastewater treatment is likely to increase the use of acrylonitrile products. The increasing demand and use of acrylonitrile in the manufacturing of industrial electronic and consumer goods and increasing construction as well as rapid expansion of the plastics and chemicals sector is expected to provide many opportunities for market growth in the coming years. However, the occupational hazards associated with acrylonitrile and components such as highly flammable and toxic at low doses that pose environmental hazards, the rapid expansion of the construction industry and the high volatility of crude oil and raw materials are expected to hamper growth market
Technological advancement
Manufacturers involved in the acrylonitrile market are developing advanced versions of their products due to new age technological advancements. As global producers focus on developing sustainable production technologies to overcome health and environmental threats, market participants with unintegrated raw material supply also focus on developing long-term contracts to maintain continuous supply. In October 2022, 3D printing and wire harness assembly, harness assemblers are using additive manufacturing to make custom connectors and assembly fixtures. This year the harness produces 3D printing used for basic jigs and tooling, connectors needed for prototyping applications or continuity testing of finished harnesses. 3D printer introduced machines that enable companies to economically print a wide range of connectors and fixtures. Wire Harness Manufacturing Cesar-Scott Inc. It also relies on an FDM-based 3D printer to manufacture the connector holder. Their atomic industrial printers make PLA or acrylonitrile butadiene styrene parts in a 12-inch-square working envelope.
Acrylonitrile Market Segmentation
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The Acrylonitrile Market is segmented based on application, end user and region.
Acrylonitrile Market, By Application
On the basis of application, the Acrylonitrile Market is segmented into acrylonitrile butadiene styrene, styrene-acrylonitrile resin, acrylic fiber, acrylonitrile butadiene rubber, others. Acrylonitrile butadiene styrene is a common thermoplastic used to make lightweight, rigid, molded products such as pipes, automotive body parts, wheel covers, enclosures, and protective head gear. Demand for acrylonitrile is driven by the acrylic fiber industry, which is the main ingredient in the composition of acrylic fiber. Acrylic fiber is processed into garments (socks, hats and sweaters).
Acrylonitrile Market, By End User Industry
On the basis of end user industry, the target market is classified into Automotive, Electrical & Electronics, Construction, Packaging and Others. The Acrylonitrile Market is expected to drive the significant demand from the construction industry in the near future. Acrylonitrile butadiene styrene is the engineering plastic of choice when dealing with automotive applications, ABS provides good all-round performance for electronic enclosures, computer keyboards, etc.
Regional Insights:
On region the Acrylonitrile Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to account for the major share of the market during the forecast period owing to the growing expansion of manufacturing and industrial powerhouses. Moreover, high demand for electrical and electronics products due to the large growth in middle class population and increasing per capita income of large number of regional population is another major driver of the market.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2022 |
|
Forecast period |
2022 – 2032 |
|
Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
|
Market Segmentation |
By Application - Acrylonitrile Butadiene Styrene, Styrene-Acrylonitrile Resin, Acrylic Fiber, Acrylonitrile Butadiene Rubber, Others By End User Industry - Automotive, Electrical & Electronics, Construction, Packaging and Others |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Recent Development
- In April 2022, Charleston, W.Va. A pilot facility currently under construction in, produced renewable acrylonitrile without the need for conventional petroleum-based propylene as feedstock. Since ACN is the raw material used to make carbon fiber, ACN's new route allows the production of bio-based carbon fiber. Acrylonitrile is also used as a raw material for acrylonitrile-butadiene styrene plastic, acrylic fiber, nitrile butadiene rubber, and acrylamide.
- In August 2022, Mukesh Ambani, chairman of Reliance Industries, announced the construction of the world's first and largest carbon fiber plant in Hazira, Gujarat. The plants will have a capacity of 20,000 MTPA based on acrylonitrile feedstock.
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Acrylonitrile Market report based on application, end user industry and region:
Acrylonitrile Market, By Application:
- Acrylonitrile Butadiene Styrene
- Styrene-Acrylonitrile Resin
- Acrylic Fiber
- Acrylonitrile Butadiene Rubber
- Others
Acrylonitrile Market, By End User Industry:
- Automotive
- Electrical & Electronics
- Construction
- Packaging
- Others
Acrylonitrile Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Acrylonitrile Market Key Players
The key players operating the Acrylonitrile Market includes
- Mitsubishi Chemical Corporation is a chemical company that manufactures a variety of industrial materials and performance products, producing petrochemicals, carbon products, agricultural chemicals, pharmaceuticals, information and electronics related products, plastic-based products, specialty chemicals, and synthetic products or chemical fibers.
- Reliance Industries Limited is one of the largest polymer manufacturers in the world with an annual production capacity of 4.4 MMT. The company is operates world-class polypropylene, polyethylene and polyvinyl chloride plants using state-of-the-art technology.
- Sumitomo Chemical CO. Ltd is a producer of fertilizers from sulfur dioxide gas emitted by copper smelters, Sumitomo Chemical is a small corporation operating in the field of pesticides/agrochemicals.
- Ascend Performance Materials provides proprietary technologies central to the production of nylon, plastic and synthetic fibers found in commercial and industrial products, including carpets, tires and apparel as well as agricultural products, animal feed and personal care products.
- Seco is a petrochemical company, the company manufactures ethylene, propylene, polypropylene, styrene, polystyrene acrylonitrile, butadiene, benzene, toluene and by-products etc.
- Chemelot produces the colorless monomer acrylonitrile at a 285 kilotons per year plant in Geelyen at the Chemelot Industrial Park in Geelyen, the Netherlands. The industrial park produces raw materials such as ammonia and propylene as well as green ammonia and propylene.
- Asahi Kasei Corporation developed S-SBR for fuel-efficient tires using polymer modification technology that adds special molecules chemically bonded to silica at the ends of rubber molecules.
- Formosa Plastics Corporation is a chemical manufacturing company. It manufactures and markets intermediate raw materials for plastics. The company manufactures polyvinyl chloride, polyethylene and polypropylene resins, caustic soda and other petrochemicals.
- Lenntech BV is a design and manufacturing company based in the Netherlands, providing innovative and sustainable solutions for water treatment and fluid separation, with a focus on industrial applications.
- Repsol manufactures and sells a wide range of products from base petrochemicals to derivatives.
Acrylonitrile Market Company Profile
- Mitsubishi Chemical Corporation*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Reliance Industries Limited
- Sumitomo Chemical CO. Ltd
- Ascend Performance Materials
- Secco
- Chemelot
- Asahi Kasei Corporation
- Formosa Plastics Corporation
- Lenntech BV
- Repsol.
“*” marked represents similar segmentation in other categories in the respective section
Acrylonitrile Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary End User Industry
- Key Thickness Insights
- Secondary Data
- Major Secondary End User Industry
- Secondary End User Industry
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Application
- Market Snippet, By End User Industry
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Application
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Acrylonitrile Butadiene Styrene
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Styrene – Acrylonitrile Resin
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Acrylic Fiber
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Acrylonitrile Butadiene Rubber
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Market Segmentation, By End User Industry, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Automotive
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Electrical & Electronics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Construction
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Packaging
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Global Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User Industry, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User Industry, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User Industry, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User Industry, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User Industry, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Mitsubishi Chemical Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Reliance Industries Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sumitomo Chemical CO. Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ascend Performance Materials
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Secco
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Chemelot
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Asahi Kasei Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Formosa Plastics Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Lenntech BV
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Repsol
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Acrylonitrile Market is segmented into basis of on application, end user and region.
In the near future, the Acrylonitrile Market is expected to be driven by significant demand in the construction industry for making headliners, interior grills, center consoles, and others, and increasing awareness about wastewater treatment is likely to increase the use of acrylonitrile products.
Asia Pacific is expected to account for the major share of the market during the forecast period owing to the growing expansion of manufacturing and industrial powerhouses.
The Key players operating in the Acrylonitrile Market includes Mitsubishi Chemical Corporation, Reliance Industries Limited, Sumitomo Chemical CO. Ltd, Ascend Performance Materials, Secco, Chemelot, Asahi Kasei Corporation, Formosa Plastics Corporation, Lenntech BV, and Repsol.