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Global Acrylonitrile Market 2023 - Industry Insights, Trends Analysis, Recent Developments, And Forecast To 2032
Acrylonitrile Market
As per the acrylonitrile market report by The Business Research Company, the growing textile and apparel industries are expected to propel the growth of the acrylonitrile market going forward.
The global acrylonitrile market size grew from $13.13 billion in 2022 to $13.84 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The acrylonitrile market size is expected to grow to $16.61 billion in 2027 at a CAGR of 4.7%.
Read More On The Acrylonitrile Market Report Here:
https://www.thebusinessresearchcompany.com/report/acrylonitrile-global-market-report
Major competitors in the acrylonitrile market include Ineos, Asahi Kasei, Mitsubishi Chemicals, Chemelot, Lukoil, Lenntech B.V., Sumitomo Chemical, Ascend performance Materials, Taekwang Industrial co. ltd., Sumitomo Chemicals, Sinopec Group, Solvay, Secco, Formosa Plastics, and LUC Group.
The acrylonitrile market is segmented -
• By Application: Acrylic Fiber, Adiponitrile, Styrene Acrylonitrile, Acrylonitrile Butadiene Styrene, Acrylamide, Carbon Fiber, Nitrile Rubber, Other Applications
• By End User: Automotive, Electrical & Electronics, Construction, Packaging, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the acrylonitrile market in 2022.
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Acrylonitrile refer to an organic compound with the formula CH2CHCN. Acrylonitrile (CH2=CHCN) is a toxic, colorless, pale-yellow liquid. Acrylonitrile is primarily used as a raw material in the manufacture of acrylic and modacrylic fibers. Other important applications include plastics (acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN)), nitrile rubbers, nitrile barrier resins, adiponitrile, and acrylamide.
The Table Of Content For The Acrylonitrile Market Include:
1. Executive Summary
2. Acrylonitrile Market Characteristics
3. Acrylonitrile Market Trends And Strategies
4. Acrylonitrile Market - Macro Economic Scenario
5. Acrylonitrile Market Size And Growth
6. Acrylonitrile Market Segmentation
……
26. Africa Acrylonitrile Market
27. Acrylonitrile Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Acrylonitrile Market
29. Acrylonitrile Market Future Outlook and Potential Analysis
30. Appendix
The "Global Acrylonitrile Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies acrylonitrile and camperificant trends and strategies that companies can leverage for business expansion.
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