Press release
Acrylonitrile Market to Expand at a Healthy CAGR of 4% through 2029
Acrylonitrile Market
Global Acrylonitrile supply-demand continues to be impacted by broader developments in the chemicals sector. The new Acrylonitrile market research report outlines the key factors that will impact production, supply, and demand during the assessment period.
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The study tracks Acrylonitrile demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and Acrylonitrile in particular.
How will Acrylonitrile Sales Grow in 2021 and Beyond
The Acrylonitrile industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies. Overall, demand for Acrylonitrile will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
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Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2021 with sales expected to be in the range of 15.5 million to 16 million. Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm. The European chemical sector is also set to recover in 2021, after contracting by 2% in 2020. Recovery is likely to be sustained with a growth of 2% also expected in 2022.
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Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2021, but other economies in the region continue to be on the path to recovery.
The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
Key Acrylonitrile Market Segments
By application, the key segments include
• Acrylic Fiber
• Adiponitrile
• Styrene Acrylonitrile
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Competitive Landscape
The Fact.MR study profiles the business, product and other key strategies of the leading Acrylonitrile companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use.
Key Regions Analyzed
• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East & Africa
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Key Country-wise Inclusions
• US Acrylonitrile Market
• Canada Acrylonitrile Sales
• Germany Acrylonitrile Production
• UK Acrylonitrile Industry
• France Acrylonitrile Market
• Spain Acrylonitrile Supply-Demand
• Italy Acrylonitrile Outlook
• Russia & Cis Market Analysis
• China Acrylonitrile Market Intelligence
• India Acrylonitrile Demand Assessment
• Japan Acrylonitrile Supply Assessment
• ASEAN Acrylonitrile Market Scenario
• Brazil Acrylonitrile Sales Analysis
• Mexico Acrylonitrile Sales Intelligence
• GCC Acrylonitrile Market Assessment
• South Africa Acrylonitrile Market Outlook
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