"Acrylonitrile Market Size And Forecast by 2031

Data Bridge Market Research analyses that the Global Acrylonitrile Market which was USD 12.79 Million in 2021 is expected to reach USD 17.64 Billion by 2029 and is expected to undergo a CAGR of 4.10% during the forecast period of 2021 to 2029

Acrylonitrile Market research report provides a comprehensive analysis of the market. The report aims to provide insights into Acrylonitrile Market trends, growth opportunities, key drivers and challenges, competitive landscape, and other crucial factors that may impact the market in the forecast period (2024-2031).

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 Which are the top companies operating in the Acrylonitrile Market?

The study report on the Global Acrylonitrile Market offers a comprehensive analysis of the industry, highlighting key trends, market dynamics, and competitive landscape. It profiles prominent organizations operating in the market, examining their successful strategies and market share contributions. This Acrylonitrile Market report provides the information of the Top 10 Companies in Acrylonitrile Market in the market their business strategy, financial situation etc.

**Segments**

- **By Production Process:** The global acrylonitrile market can be segmented based on production processes such as propylene ammoxidation, propane ammoxidation, and other methods. Propylene ammoxidation is a widely used process for acrylonitrile production due to its cost-effectiveness and efficiency. This segment is expected to dominate the market owing to the high demand for acrylonitrile in various end-use industries such as automotive, textiles, and electronics.

- **By Application:** In terms of application, the acrylonitrile market can be segmented into acrylic fibers, acrylonitrile butadiene styrene (ABS) resins, styrene-acrylonitrile (SAN) resins, acrylamide, nitrile butadiene rubber, and others. The acrylic fibers segment is anticipated to witness significant growth due to the expanding textiles industry and the increasing demand for lightweight, durable fibers in the fashion and apparel sectors.

- **By End-Use Industry:** Based on end-use industry, the global acrylonitrile market can be categorized into automotive, construction, electronics, textiles, packaging, and others. The automotive industry is expected to be a key driver of market growth as acrylonitrile is used in the production of lightweight composites for vehicle components, contributing to fuel efficiency and sustainability goals.

**Market Players**

- **INEOS**
- **Asahi Kasei Corporation**
- **Mitsubishi Chemical Corporation**
- **Sumitomo Chemical Co., Ltd.**
- **Ascend Performance Materials**
- **Taekwang Industrial Co. Ltd.**
- **PJSC Acron**
- **Formosa Plastics Corporation**
- **Sinopec**
- **CPDC**

These market players play a crucial role in the global acrylonitrile market through strategic initiatives such as mergers and acquisitions, product innovations, and expansion of production capacitiesThe global acrylonitrile market is experiencing significant growth driven by various factors such as increasing demand from end-use industries like automotive, textiles, and electronics. The segmentation of the market by production process plays a crucial role in understanding the production dynamics and cost-effectiveness of acrylonitrile. The propylene ammoxidation process stands out as a dominant segment due to its efficiency and cost-effectiveness, catering to the high demand for acrylonitrile across industries. Moreover, the propane ammoxidation and other methods also contribute to the overall production capacity of acrylonitrile, reflecting the diverse approaches employed in the market.

In terms of application segmentation, the acrylonitrile market showcases a wide array of uses ranging from acrylic fibers to ABS resins, SAN resins, acrylamide, and nitrile butadiene rubber. The acrylic fibers segment is expected to witness substantial growth owing to the textile industry's expansion and the increasing need for lightweight and durable fibers in fashion and apparel. This shift in consumer preferences towards sustainable and versatile materials further propels the demand for acrylonitrile-based products in various applications.

End-use industry segmentation provides a comprehensive outlook on how acrylonitrile is utilized across different sectors such as automotive, construction, electronics, textiles, and packaging. The automotive industry emerges as a significant driver for market growth due to the incorporation of acrylonitrile in lightweight composites for vehicle components. This not only enhances fuel efficiency but also aligns with sustainability goals, making acrylonitrile a key ingredient in the automotive sector's innovation and product development strategies.

Market players like INEOS, Asahi Kasei Corporation, Mitsubishi Chemical Corporation, and others play a pivotal role in shaping the global acrylonitrile market through strategic initiatives. Mergers and acquisitions, product innovations, and the expansion of production capacities are some of the key strategies adopted by these players to stay competitive and meet the evolving**Market Players**

- Asahi Kasei Corporation (Japan)
- Solvay (US)
- AnQore (Netherlands)
- DSM (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)
- Repsol (Spain)
- Versalis S.p.A (Italy)
- LG Chem (South Korea)
- LUC Group (US)
- UNITED PLASTIC COMPONENTS INC. (US)
- Plastic Extrusion Technologies (US)
- RTP Company (US)
- Preferred Plastics, Inc. (US)
- Crafted Plastics Inc (US)
- SABIC (Saudi Arabia)

The global acrylonitrile market is poised for substantial growth driven by a blend of factors that are propelling demand across various end-use industries. With a focus on the segmentation by production process, it is evident that propylene ammoxidation stands out as a key method due to its cost-effectiveness and efficiency. This dominance is expected to continue as industries such as automotive, textiles, and electronics rely heavily on acrylonitrile for their operations. The utilization of propane ammoxidation and other methods also contributes to the overall market dynamics,

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Regional Analysis For Acrylonitrile Market

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Why B2B Companies Worldwide Rely on us to Grow and Sustain Revenues:

• Get a clear understanding of the Acrylonitrile Market, how it operates, and the various stages of the value chain.
• Understand the current market situation and future growth potential of the Acrylonitrile Market throughout the forecast period.
• Strategize marketing, market-entry, market expansion, and other business plans by understanding factors influencing growth in the market and purchase decisions of buyers.
• Understand your competitors’ business structures, strategies, and prospects, and respond accordingly.
• Make more informed business decisions with the help of insightful primary and secondary research sources.

This report provides Global Acrylonitrile Market :

1. An in-depth overview of the global market for
2. Acrylonitrile Market Assessment of the global industry trends, historical data from 2015, projections for the coming years, and anticipation of compound annual growth rates (CAGRs) by the end of the forecast period.
3. Discoveries of new market prospects and targeted marketing methodologies for Global Acrylonitrile Market
4. Discussion of R&D, and the demand for new products launches and applications.
5. Wide-ranging company profiles of leading participants in the industry.
6. The composition of the market, in terms of dynamic molecule types and targets, underlining the major industry resources and players.
7. The growth in patient epidemiology and market revenue for the market globally and across the key players and Acrylonitrile Market segments.
8. Study the market in terms of generic and premium product revenue.
9. Determine commercial opportunities in the market sales scenario by analyzing trends in authorizing and co-development deals.

Understanding market trends and industry insights at a regional level is essential for effective decision-making. Our reports are available in multiple regional languages to cater to diverse audiences. These localized reports provide in-depth analyses tailored to specific regions, ensuring businesses and stakeholders can access accurate and relevant information. By offering insights in local languages, we aim to bridge communication gaps and empower regional markets with the knowledge they need to grow and thrive. Explore our reports in your preferred language for a more personalized understanding of industry dynamics.

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