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Global Acrylonitrile Industry Market Report by 2026

According to the report, the Acrylonitrile market is expected to grow from USD 9,533 million in 2019 to USD 10,411 million by 2026, growing at a CAGR of 1.27% from 2019 to 2026.

  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2019 to 2026

Market Overview

The global Acrylonitrile market is estimated to be USD 9,533 million in 2019 and is expected to reach USD 10,411 million by 2026, with a CAGR of 1.27% during the forecast period.

The increase in demand for bio-based polymers is one of the major trends that will gain traction in the acrylonitrile market in the coming years. With the growing environmental concerns about the use of synthetic plastic that is mostly derived from petroleum, there is an increased need to develop eco-friendly plastics for consumers. This will increase the demand for bio-based products and manufacturers will start focusing on producing bio-based ABS to reduce the dependence on petroleum-based ABS. On the other hand, acrylonitrile is a harmful chemical material and regulated as throughout most of the world, also the instability in prices of raw materials such as polypropylene and changing the preference of users towards organic chemicals is expected to hamper the global acrylonitrile market growth in the forecast period. 

Acrylonitrile is an organic compound with the formula CH2CHCN. It is a colorless volatile liquid, although commercial samples can be yellow due to impurities. In terms of its molecular structure, it consists of a vinyl group linked to a nitrile. It is an important monomer for the manufacture of useful plastics such as polyacrylonitrile. It is reactive and toxic at low doses.

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Competitive Insights

Key players operating in this market include Ineos, Ascend Performance Materials, Cornerstone, Unigel, AnQore, Saratovorgsintez Saratov, Repsol Chemicals, Petkim, Taekwang Industrial, Formosa Plastics, Shanghai Secco Petrochemical, CPDC, Anqing Petrochemical, Asahi Kasei, Jilin Petrochemical Company, Wanda Petrochemical, Shandong Qilu Petrochemical Qitai Petrochemical, and Reliance Industries.

Regional Insights

The Asia Pacific is the largest market of Acrylonitrile with a share of 59.62% in2018, due to demand in the various end-user industry such as automotive, construction and packaging in China region followed by Japan and India. Increasing demand for construction and packaging industry in India, Taiwan, and South Korea have made Asia Pacific largest consumer of the global acrylonitrile market followed by increases in the consumption of acrylonitrile market in North America region with a share of 19.94%. Europe stands on the third position for the global acrylonitrile market with a share of 15.27%. Latin America and the Middle East also witnessed in the growth of acrylonitrile market due to the various application such as acrylic fiber, acrylonitrile butadiene styrene, styrene-acrylonitrile resin, acrylamide, and others.

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Type Insights

  • Propylene Method
  • Propane Method

Application Insights

  • Acrylic Fibres
  • ABS and SAN resins
  • Acrylamide
  • NBR
  • Others

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Audience

  • Acrylonitrile manufacturers
  • Distributors and resellers of Acrylonitrile
  • Acrylonitrile industry associations
  • Product managers, Acrylonitrile industry administrator, C-level executives of the industries
  • Market Research and consulting firms
  • Small and Medium-sized Enterprises (SMEs)