The global Acrylonitrile Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Application (Acrylic Fibers, Adiponitrile, Styrene Acrylonitrile, ABS, Acrylamide, Carbon Fiber, Nitrile Rubber, Others).
The market for acrylonitrile is a key component of the global petrochemical industry, with applications ranging from the production of synthetic fibers and plastics to specialty chemicals and elastomers. Acrylonitrile's versatility as a monomer in polymerization processes makes it essential for the manufacture of acrylic fibers, acrylonitrile-butadiene-styrene (ABS) plastics, and acrylic resins. Key trends shaping the future of this market include advancements in catalyst technologies and process optimization aimed at improving production efficiency and reducing environmental impact. Additionally, the growing demand for lightweight and high-performance materials in industries such as automotive, aerospace, and electronics is driving innovation in acrylonitrile-based polymers with enhanced mechanical properties and thermal stability. Moreover, the increasing emphasis on sustainability and circular economy principles is prompting research into bio-based routes to acrylonitrile, utilizing renewable feedstocks and green chemistry methodologies, further positioning acrylonitrile as a key player in the transition towards a more sustainable chemical industry.
The market report analyses the leading companies in the industry including INEOS, China Petrochemical Development Corp., Asahi Kasei Advance Corp., Ascend Performance Material, Chemelot, Formosa Plastics Corp., Mitsubishi Chemical Corp., Secco, Taekwang Industrial Co. Ltd., Sumitomo Chemical Co. Ltd..
The rising demand for acrylonitrile-based polymers is driven by the growing usage in various industries such as automotive, construction, textiles, and electronics. Acrylonitrile is a key monomer used in the production of polymers like acrylic fibers, acrylonitrile-butadiene-styrene (ABS) resins, and styrene-acrylonitrile (SAN) resins. These polymers are valued for their excellent mechanical properties, chemical resistance, and thermal stability, making them essential materials in the manufacture of a wide range of products including clothing, automotive parts, pipes, and consumer electronics. The trend towards lightweight materials, high-performance plastics, and durable fibers is fueling the demand for acrylonitrile-based polymers.
Acrylonitrile-based polymers find extensive use in these industries due to their excellent properties such as impact resistance, heat resistance, and dimensional stability. In the automotive sector, acrylonitrile-based polymers are used in interior and exterior components, electrical connectors, and under-the-hood applications to improve vehicle safety, performance, and fuel efficiency. Similarly, in the electronics industry, these polymers are utilized in housings, casings, and components for electronic devices and appliances. With the increasing demand for lightweight materials, advanced electronics, and durable components in automotive and electronics manufacturing, the market for acrylonitrile is driven by the need for high-performance polymers.
Acrylonitrile serves as a versatile building block for the synthesis of various specialty chemicals and intermediates used in pharmaceuticals, agrochemicals, and fine chemicals. With its unique chemical properties, acrylonitrile can undergo reactions to produce intermediates such as adiponitrile, acrylamide, and cyanuric chloride, which are key components in the manufacture of pharmaceuticals, herbicides, pesticides, and specialty polymers. By leveraging the chemical versatility of acrylonitrile and investing in research and development, manufacturers are investing in new applications and markets in the specialty chemicals industry, thus expanding their product portfolio and tapping into lucrative opportunities in diverse industrial sectors.
The Acrylonitrile industry encompasses diverse interlinked stages, including raw material extraction and processing, where oil and gas exploration companies Exxon Mobil Corporation, Shell plc, and others procure natural gas and naphtha.
Further, propylene production involves refining crude oil or processing natural gas liquids, led by major oil and gas companies and refining and petrochemical firms including Reliance Industries Limited and LyondellBasell Industries NV. Acrylonitrile production involves chemical reactions of propylene with ammonia and oxygen, with companies including Asahi Kasei Corporation and INEOS Nitriles specializing in this process.
Distribution and storage are managed by chemical distributors and logistics companies, ensuring safe transportation of acrylonitrile to end-user industries. These industries include acrylic fiber production, nitrile rubber, and latex manufacturing, and acrylates production, utilized in various applications including textiles, automotive parts, and paints, with companies including The Dow Chemical Company, Wacker Chemie AG, and Rohm GmbH leading the way.
Over the forecast period, key players including BASF SE, Dow Chemical Company, and LyondellBasell Industries NV, alongside specialized companies including Toray Industries, Inc. and Nippon Shokubai Co., Ltd., play pivotal roles in driving innovation and meeting the diverse demands of end-user industries.
The largest segment in the Acrylonitrile Market is Acrylic Fibers. Acrylonitrile is a key raw material used in the production of acrylic fibers, which are widely utilized in the textile and apparel industry for manufacturing various clothing items, upholstery, carpets, and industrial applications. Acrylic fibers offer diverse desirable properties such as softness, warmth, lightweight, colorfastness, and resistance to chemicals and sunlight, making them suitable for a wide range of end-uses. With the increasing demand for synthetic fibers as alternatives to natural fibers like wool and cotton, the acrylic fibers market continues to grow globally. Additionally, the versatility of acrylic fibers allows for blending with other fibers to enhance performance and functionality, further expanding their application scope in textiles and nonwoven fabrics. As consumer preferences for durable, easy-care, and affordable clothing materials persist, the demand for acrylic fibers derived from acrylonitrile remains robust, solidifying its position as the largest segment in the Acrylonitrile Market.
By Application
Acrylic Fibers
Adiponitrile
Styrene Acrylonitrile
ABS
Acrylamide
Carbon Fiber
Nitrile Rubber
Others
INEOS
China Petrochemical Development Corp.
Asahi Kasei Advance Corp.
Ascend Performance Material
Chemelot
Formosa Plastics Corp.
Mitsubishi Chemical Corp.
Secco
Taekwang Industrial Co. Ltd.
Sumitomo Chemical Co. Ltd.
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Acrylonitrile Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Acrylonitrile Market Size Outlook, $ Million, 2021 to 2030
3.2 Acrylonitrile Market Outlook by Type, $ Million, 2021 to 2030
3.3 Acrylonitrile Market Outlook by Product, $ Million, 2021 to 2030
3.4 Acrylonitrile Market Outlook by Application, $ Million, 2021 to 2030
3.5 Acrylonitrile Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Acrylonitrile Industry
4.2 Key Market Trends in Acrylonitrile Industry
4.3 Potential Opportunities in Acrylonitrile Industry
4.4 Key Challenges in Acrylonitrile Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Acrylonitrile Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Acrylonitrile Market Outlook by Segments
7.1 Acrylonitrile Market Outlook by Segments, $ Million, 2021- 2030
By Application
Acrylic Fibers
Adiponitrile
Styrene Acrylonitrile
ABS
Acrylamide
Carbon Fiber
Nitrile Rubber
Others
8 North America Acrylonitrile Market Analysis and Outlook To 2030
8.1 Introduction to North America Acrylonitrile Markets in 2024
8.2 North America Acrylonitrile Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Acrylonitrile Market size Outlook by Segments, 2021-2030
By Application
Acrylic Fibers
Adiponitrile
Styrene Acrylonitrile
ABS
Acrylamide
Carbon Fiber
Nitrile Rubber
Others
9 Europe Acrylonitrile Market Analysis and Outlook To 2030
9.1 Introduction to Europe Acrylonitrile Markets in 2024
9.2 Europe Acrylonitrile Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Acrylonitrile Market Size Outlook by Segments, 2021-2030
By Application
Acrylic Fibers
Adiponitrile
Styrene Acrylonitrile
ABS
Acrylamide
Carbon Fiber
Nitrile Rubber
Others
10 Asia Pacific Acrylonitrile Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Acrylonitrile Markets in 2024
10.2 Asia Pacific Acrylonitrile Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Acrylonitrile Market size Outlook by Segments, 2021-2030
By Application
Acrylic Fibers
Adiponitrile
Styrene Acrylonitrile
ABS
Acrylamide
Carbon Fiber
Nitrile Rubber
Others
11 South America Acrylonitrile Market Analysis and Outlook To 2030
11.1 Introduction to South America Acrylonitrile Markets in 2024
11.2 South America Acrylonitrile Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Acrylonitrile Market size Outlook by Segments, 2021-2030
By Application
Acrylic Fibers
Adiponitrile
Styrene Acrylonitrile
ABS
Acrylamide
Carbon Fiber
Nitrile Rubber
Others
12 Middle East and Africa Acrylonitrile Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Acrylonitrile Markets in 2024
12.2 Middle East and Africa Acrylonitrile Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Acrylonitrile Market size Outlook by Segments, 2021-2030
By Application
Acrylic Fibers
Adiponitrile
Styrene Acrylonitrile
ABS
Acrylamide
Carbon Fiber
Nitrile Rubber
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
INEOS
China Petrochemical Development Corp.
Asahi Kasei Advance Corp.
Ascend Performance Material
Chemelot
Formosa Plastics Corp.
Mitsubishi Chemical Corp.
Secco
Taekwang Industrial Co. Ltd.
Sumitomo Chemical Co. Ltd.
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Application
Acrylic Fibers
Adiponitrile
Styrene Acrylonitrile
ABS
Acrylamide
Carbon Fiber
Nitrile Rubber
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Acrylonitrile is forecast to reach $14.1 Billion in 2030 from $12.3 Billion in 2024, registering a CAGR of 2.3% over the outlook period
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
INEOS, China Petrochemical Development Corp., Asahi Kasei Advance Corp., Ascend Performance Material, Chemelot, Formosa Plastics Corp., Mitsubishi Chemical Corp., Secco, Taekwang Industrial Co. Ltd., Sumitomo Chemical Co. Ltd.
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume