openPR Logo
Press release

Acrylonitrile Butadiene to Hold 1/3rd Share of the Total Acrylonitrile Market Value by 2029

03-31-2021 07:52 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Rising automotive production coupled with increasing availability of raw material at lower costs will drive the demand for acrylonitrile. Acrylonitrile as a chemical compound finds increasing application in manufacturing of automotive components. The fall in the prices of propylene further creates lucrative revenue opportunities for the acrylonitrile market. The global acrylonitrile market will grow at a steady 4% CAGR during the forecast period.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=4671

Market players are focusing on capacity expansion in emerging economies to leverage the burgeoning growth of the market in these countries. Amid multiplying consumer demand for automotive components, the acrylonitrile market offers remunerative growth opportunities.

Key Takeaways of Acrylonitrile Market Study

• Acrylonitrile butadiene styrene application segment holds the highest market share of more than 1/3rd of the total market value. Increasing investments in construction and automotive is creating demand for acrylonitrile for the manufacturing of products such as non-latex gloves.
• Nitrile rubber accounts for the second largest market share with over 1/4th share of the total market value. Enhanced product properties of nitrile rubber is paving the way for continuous adoption of acrylonitrile as a base raw material.

For critical insights on this market, request for methodology here - https://www.factmr.com/connectus/sample?flag=RM&rep_id=4671

• East Asia accounts for the largest market share of more than 40% of the total market revenue. Countries such as China and Japan are both major consumers and producers of acrylonitrile.
• South Asia & Oceania offers the most prolific growth opportunities with 20% share of the total market value. Booming economies in the region are investing in end-use industries such as construction of infrastructure and automotive.

Key Players to Forge Strategic Partnerships

Advancements in acrylonitrile butadiene styrene based component manufacturing will impel the demand for the acrylonitrile. Manufacturers are leveraging industry 4.0 technologies to increase production output to capture growth prospects in developing economies.

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/4671/S

The competitive landscape is moving towards further consolidation with multinationals forging mutually beneficial partnerships with upcoming small and medium sized players. Styrene acrylonitrile resin manufacturing will offer lucrative growth opportunities for market players during the forecast period. Beneficial properties such as chemical resistance, dimensional stability, improved hygiene, and safety of acrylonitrile based products will continue to drive growth in the market.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Research Insight: https://www.factmr.com/report/4671/acrylonitrile-market
Content Source: https://www.factmr.com/media-release/1425/global-acrylonitrile-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Acrylonitrile Butadiene to Hold 1/3rd Share of the Total Acrylonitrile Market Value by 2029 here

News-ID: 2263898 • Views: 151

More Releases from Fact.MR

Demand for Caustic Soda Derivatives to Surge in Asia During Forecast Period 2021 …
Latest industry survey by Fact MR, predicts sales of Caustic Soda to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges. The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing
Aerial Delivery Drones Contributed the Highest with Over 61% Market Share of Aut …
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Autonomous Last Mile Delivery market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market
North America is Projected to Remain the Prominent Region in the Marine Fender M …
Latest industry analysis by Fact MR, predicts sales of Marine Fender to swell at propelled CAGR through 2031, as automotive sales gradually recover across the world. The report is intended at presenting insights into hidden growth opportunities and challenges. It also offers recommendations to help businesses to prep for unforeseen challenges. The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers
Global Automotive Fuel Filter Market Is Expected To Represent A Value Of Over US …
Global automotive fuel filter market is expected to represent a value of over US$ 2,000 Mn by the end of 2022. Demand of automotive fuel filter to grow at a CAGR of 5.8% during the forecast period. Automotive fuel filter sales continue to spur in line with emphasis on safeguarding the fuel lines in various vehicles. Subject to cluster of dander, contamination, and dust, the clogged automotive fuel filters can

All 5 Releases


More Releases for Unit

Peanut Butter Manufacturing Unit
Peanut butter is a high calorie, high protein product manufactured by grinding peanuts. It is a good alternative for dairy butter and widely used as a bread spread. Peanut butter is popular amongst Americans, and it is a part of their daily breakfast. The demand for peanut butter is susceptible to consumer spending. As disposable income increases, the willingness of the people to purchase the peanut butter also increases. On
Pomegranate Processing unit
India is the second largest producer of Pomegranates in the world after Iran, still contributes only 5% pomegranate related international trades. India produces the finest edible Pomegranates, which are available almost throughout the year, which provides a tremendous potential for export of Pomegranate and its products from India. Processing of the Pomegranates becomes essential in order to increase the utilization and reduce the wastage of the fruit. Pomegranates being rich in
Egg Powder Manufacturing Unit
Recently, changing food habits, awareness about nutrition and availability have become the reason for the increasing demand of poultry products. And the demand for eggs and egg products is expected to rise in upcoming years, as the eggs are the cheapest and primary source of protein, vitamins, and minerals. There are many processed egg products available in the market; viz. liquid egg, frozen liquid egg, dried egg powder, egg chips, etc.
Coconut Processing Unit
Coconut is an important fruit in the Indian economy as the country is listed among the top Coconut producing countries in the world. The contribution of Coconut is about ₹27900 crore to India’s Gross Domestic Product (GDP). Today's improved economic stability, spending power, nutritional requirements, and awareness are pushing consumers to shift their preferences. Currently, Coconut water, Coconut milk/cream and Virgin Coconut Oil (VCO) are expected to be main growth drivers for
BANANA POWDER MANUFACTURING UNIT
The Banana Powder is the product that has attained much cognizance in the past few years owing to the increasing applicability in food processing, cosmetic and other industries. The banana powder is prepared by vacuum processing as well as the freeze-drying method. The increased production of the powder is favored by round the year availability of raw bananas in India as well as countries like China, Philippines, Ecuador, Brazil which
Graphic Processing Unit Market
https://www.qandqmarketresearch.com/reports/3187530/graphic-processing-unit-market-23 This report studies Graphic Processing Unit in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Protech Technologies, IncUS Classic AutomationUS Excello Circuits, Inc.US Ascend Electronics Inc.US Sterling ServicesUS McWilliams Sales & Service, Inc.US Odyssey ElectronicsUS Della