- Automotive
- Electrical & Electronics
- Packaging
- Construction
- Others
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.
Study Period
2024 - 2030Base Year
2023CAGR
2.1%Largest Market
Asia PacificFastest Growing Market
Asia pacific
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
By End User
By Application
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
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 |