According to the recent study the acrylonitrile market is projected to reach an estimated $16.9 billion by 2028 from $12.1 billion in 2022, at a CAGR of 5.7% from 2022 to 2028. 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.
Browse 120 figures/charts and 96 tables in this 197-page report to
understand trends, opportunities and forecast in acrylonitrile market by end
use (automotive, electrical and electronics, packaging, construction, and
others), application (acrylic fiber, adiponitrile, styrene acrylonitrile,
acrylonitrile butadiene styrene, acrylamide, nitrile butadiene rubber, and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World).
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on below link:
https://www.lucintel.com/acrylonitrile-market.aspx
“Automotive market is expected to remain
the largest segment during the forecast period.”
Based on end use, the acrylonitrile
market is segmented into automotive, electrical and electronics, packaging,
construction, and others. Lucintel forecasts that the automotive market is
expected to remain the largest segment 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.
“Within the acrylonitrile market, the acrylonitrile butadiene
styrene segment is expected to remain the largest application.”
Based on application the
acrylonitrile butadiene styrene segment is expected to witness the highest
growth over the forecast period 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.
“Asia pacific will dominate the acrylonitrile market in near
future.”
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.
Download Brochure of this report by clicking on https://www.lucintel.com/acrylonitrile-market.aspx.
Major players of acrylonitrile
market are adopting various growth strategies like new product launches,
expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. 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 among the major acrylonitrile
providers.
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 click on this link https://www.lucintel.com/acrylonitrile-market.aspx or helpdesk@lucintel.com.
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Contact:
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Director of Client Engagements
Lucintel
Dallas, Texas, USA
Cell: 210-878-7693
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