According to the recent study the acrylonitrile market is projected to reach an estimated $13 billion by 2031 from $11 billion in 2024, at a CAGR of 2% from 2024 to 2031. Growth in this market is primarily driven by increasing use of acrylonitrile in various parts of automotive and construction industry for its chemical and thermal properties, and the use of acrylonitrile in manufacturing acrylic fiber and acrylonitrile butadiene styrene.
A more than 150-page report to understand trends, opportunity and
forecast in acrylonitrile market by end use industry (automotive, electrical
and electronics, packaging, construction, and other end use industries),
application (acrylic fiber, adiponitrile, styrene acrylonitrile, acrylonitrile
butadiene styrene, acrylamide, nitrile butadiene rubber, and other
applications), and region (North America, Europe, Asia Pacific, and the Rest of
the World).
Lucintel forecasts that
automotive is expected to remain the largest market by value and volume and it
is also expected to witness highest growth over the forecast period due to
increasing use of acrylonitrile butadiene styrene in manufacturing automotive
parts such as instrument panels, pillar trim, dashboard components, door liners
and handles, seat backs, seat belt components, etc. to reduce the weight of automotive
parts.
Acrylonitrile butadiene
styrene will remain the largest application by value and volume due to its
increasing use in automotive industry like; panels for cars, helping to make
them lighter, and improving fuel efficiency. Acrylamide is expected to witness
highest growth over the forecast period.
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acrylonitrile market.
Asia Pacific is expected
to remain the largest market by value and volume, and it is also expected to
witness the highest growth over the forecast period due to the growing demand
for infrastructure along with rehabilitation of infrastructure projects due to
urbanization and presence of various automotive manufacturer in China and India
is also expected to drive the demand for acrylonitrile in this region
Ineos, Ascend
Performance Materials, Asahi Kasei Corporation, Sinopec Group, China National
Petroleum Corporation, Sumitomo Chemical Co. Ltd., Bhansali Engineering
Polymers Limited, Jiangsu Sierbang Petrochemical Co., Ltd., Taekwang Industrial
Co. Ltd., Zhejiang Petrochemical Co., Ltd. are the major supplier in the acrylonitrile
market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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