Acrylonitrile Market: By End Use (Automotive, Electrical & Electronics, Packaging, Construction & Others), By Application (Acrylic Fiber, Adiponitrile, Styrene acrylonitrile, ABS, Acrylamide, Carbon Fiber, Nitrile Rubber & Others), By Region Forecast 2019-2030.

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Acrylonitrile Market size was valued at USD 12,793.7 million in 2023 and is projected to grow at 2.1% CAGR from 2024 – 2030. Acrylonitrile is a chemical used to make acrylic fiber, which is used in clothing, textiles, and other consumer goods, it is also used to make derivatives such as acrylonitrile butadiene styrene, acrylamide, carbon fiber, and nitrile rubber. The key drivers of the market include the growing need in the medical field, expanding acrylic fiber production, an increase in the demand for acrylamide production, and the adoption of lighter-weight materials the industry is anticipated to be driven by the growing demand for acrylonitrile from end-use sectors like construction and automobile.

The challenges hampering the growth of the market are the fluctuations in the raw material prices and environmental factors for example, the by-products released during production are very toxic which will affect the environmental management. The growth opportunities of the market are in many sectors like automobile and healthcare and also by strategic partnerships and collaborations and by using lightweight materials, synthetic fibers, and adoption of high-performing composites with the end-user industries are the opportunities of market. Emerging trends in the market are the adoption of low-carbon production processes, smart manufacturing operations, bio-based acrylonitrile production, using nanocomposites which show better mechanical and thermal barrier properties, changing lifestyles, growing consumer preferences, and increasing per capita income which in turn, will fuel the demand for acrylonitrile in the consumer appliances industry.

Acrylonitrile Market Key Developments

  • In February 2023, Sumitomo Chemical obtained its first ISCC PLUS certification for the manufacturing of acrylonitrile.
  • In June 2023, INEOS Nitriles introduced their first line of bio-attributed products to the market including acrylonitrile-based products that provide a far greener option than the acrylonitrile, under the brand names of InvireoTM.

Acrylonitrile Market Summary

Study Period

2024 - 2030

Base Year

2023

CAGR

2.1%

Largest Market

Asia Pacific

Fastest Growing Market

Asia pacific

Acrylonitrile Market Dynamics

The acrylonitrile market is expected to grow in the coming years, driven by demand in the construction and infrastructure sectors, due to its exceptional qualities of acrylonitrile like its high impact resistance, insulation, and lightweight nature, acrylonitrile finds extensive use in the electrical and electronics industry for products such as computer cases, electronic devices, and home appliances. As, it has been confirmed that it has no carcinogenic effects in humans so it is widely used in home appliances and urbanization, a rising production base, and the strong demand for consumer electronics all are contributing to the acrylonitrile market rapid expansion

Acrylonitrile Market Segmentation

By End User

  • Automotive
  • Electrical & Electronics
  • Packaging
  • Construction
  • Others

By Application

  • Acrylic Fibers
  • Adiponitrile
  • Styrene Acrylonitrile
  • ABS
  • Acrylamide
  • Carbon Fiber
  • Nitrile Rubber
  • Others

Frequently Asked Questions

The global acrylonitrile market was valued at USD 12,793.7 million in 2023 and is projected to grow at 2.1% CAGR over the forecast years 2024 – 2030.

Asia Pacific holds the largest share in acrylonitrile market.

Automotive and construction are the major end user for acrylonitrile market.

Emerging trends of acrylonitrile market are smart manufacturing, using low- carbon production processes, bio-based acrylonitrile production and nano-companies.

The key players of acrylonitrile market are INEOS, Asahi Kasei Advance Corp, Mitsubishi Chemicals, SINOPEC, Ascend Performance Materials, Taekwang Industrial Co., Ltd

Key Features of the Report

  • The acrylonitrile market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.
1. Executive Summary
2. Global Acrylonitrile Market Introduction 
2.1.Global Acrylonitrile Market  - Taxonomy
2.2.Global Acrylonitrile Market  - Definitions
2.2.1.End User
2.2.2.Application
2.2.3.Region
3. Global Acrylonitrile Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Acrylonitrile Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Acrylonitrile Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. INEOS
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Asahi Kasei Advance Corp
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Mitsubishi Chemicals
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. SINOPEC
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Ascend Performance Materials
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
6. Global Acrylonitrile Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Acrylic Fibers
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Adiponitrile
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Styrene Acrylonitrile
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. ABS
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Acrylamide
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Carbon Fiber
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
6.7. Nitrile Rubber
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.7.3. Market Opportunity Analysis 
6.8. Others
6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.8.3. Market Opportunity Analysis 
7. Global Acrylonitrile Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8. North America Acrylonitrile Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.INEOS
8.1.2.Asahi Kasei Advance Corp
8.1.3.Mitsubishi Chemicals
8.1.4.SINOPEC
8.1.5.Ascend Performance Materials
8.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Acrylic Fibers
8.2.2.Adiponitrile
8.2.3.Styrene Acrylonitrile
8.2.4.ABS
8.2.5.Acrylamide
8.2.6.Carbon Fiber
8.2.7.Nitrile Rubber
8.2.8.Others
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9. Europe Acrylonitrile Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. End User Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.INEOS
9.1.2.Asahi Kasei Advance Corp
9.1.3.Mitsubishi Chemicals
9.1.4.SINOPEC
9.1.5.Ascend Performance Materials
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Acrylic Fibers
9.2.2.Adiponitrile
9.2.3.Styrene Acrylonitrile
9.2.4.ABS
9.2.5.Acrylamide
9.2.6.Carbon Fiber
9.2.7.Nitrile Rubber
9.2.8.Others
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
9.3.6.Rest of EU
10. Asia Pacific (APAC) Acrylonitrile Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. End User Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.INEOS
10.1.2.Asahi Kasei Advance Corp
10.1.3.Mitsubishi Chemicals
10.1.4.SINOPEC
10.1.5.Ascend Performance Materials
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Acrylic Fibers
10.2.2.Adiponitrile
10.2.3.Styrene Acrylonitrile
10.2.4.ABS
10.2.5.Acrylamide
10.2.6.Carbon Fiber
10.2.7.Nitrile Rubber
10.2.8.Others
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11. Middle East and Africa (MEA) Acrylonitrile Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. End User Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.INEOS
11.1.2.Asahi Kasei Advance Corp
11.1.3.Mitsubishi Chemicals
11.1.4.SINOPEC
11.1.5.Ascend Performance Materials
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Acrylic Fibers
11.2.2.Adiponitrile
11.2.3.Styrene Acrylonitrile
11.2.4.ABS
11.2.5.Acrylamide
11.2.6.Carbon Fiber
11.2.7.Nitrile Rubber
11.2.8.Others
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12. Latin America Acrylonitrile Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. End User Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.INEOS
12.1.2.Asahi Kasei Advance Corp
12.1.3.Mitsubishi Chemicals
12.1.4.SINOPEC
12.1.5.Ascend Performance Materials
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Acrylic Fibers
12.2.2.Adiponitrile
12.2.3.Styrene Acrylonitrile
12.2.4.ABS
12.2.5.Acrylamide
12.2.6.Carbon Fiber
12.2.7.Nitrile Rubber
12.2.8.Others
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.INEOS
13.2.2.Asahi Kasei Advance Corp
13.2.3.Mitsubishi Chemicals
13.2.4.SINOPEC
13.2.5.Ascend Performance Materials
13.2.6.Taekwang Industrial Co., Ltd.
13.2.7.Secco
13.2.8.Chemelot
13.2.9.LUKOIL
13.2.10.Lenntech B.V.
13.2.11.Sumitomo Chemical
14. Research Methodology 
15. Appendix and Abbreviations 
  • INEOS
  • Asahi Kasei Advance Corp
  • Mitsubishi Chemicals
  • SINOPEC
  • Ascend Performance Materials
  • Taekwang Industrial Co., Ltd.
  • Secco
  • Chemelot
  • LUKOIL
  • Lenntech B.V.
  • Sumitomo Chemical

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