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Acrylonitrile Catalyst Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2031 | Ineos, China Petrochemical Development Corp., Asahi Kasei Advance Corp., Ascend Performance Material

04-27-2024 07:24 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Acrylonitrile Catalyst Market is Likely to Increase at

The global acrylonitrile catalyst market is anticipated to grow at a moderate CAGR of4.5% during the forecast period (2024-2031). The major companies in the market make significant investments in both new and improved production technologies and processes. New technologies are being used to manufacture sustainable products. For instance, in June 2023, INEOS Nitriles launched Invireo TM bio-based Acrylonitrile to deliver 90% reduction of greenhouse gas emissions. InvireoTMhas have been fully certified products according to the industry-leading standards of ISCC Plus and RSB. The company delivers a 90% lower carbon footprint compared to conventionally produced acrylonitrile.

Increasing in demand in the automotive sector, where it is an important raw material for the production of plastics, elastomers, and synthetic fibers, is driving the market growth. Acrylonitrile is widely used as a significant alternative to metal in automobile structural, powertrain, exterior, interior, and electrical components, which helps in the lightweighting process. 

In March 2024, The Mitsubishi Chemical Group (the MCG Group) announced the development of a carbon fiber prepreg material, which is made using plant-derived resin. By expanding BiOpreg portfolio and adding the BiOpreg 400 series which contains glass fiber and carbon fiber prepreg. The prepreg has been mainly used for sports and mobility applications due to its characteristics, which include rapid curability, heat resistance and high toughness.

To Request a Sample of our Report on Acrylonitrile Catalyst Market:  https://www.omrglobal.com/request-sample/acrylonitrile-catalyst-market

Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Application
By End-use

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- include Ineos, China Petrochemical Development Corp., Asahi Kasei Advance Corp., Ascend Performance Material, Chemelot, Formosa Plastics Corp. among others.

Acrylonitrile Catalyst Market Report Segment

By Application

Acrylic Fibers
Adiponitrile
Styrene Acrylonitrile Resin (SAR)
Acrylonitrile Butadiene Styrene (ABS)
Acrylamide
Carbon Fiber
Nitrile Rubber
Others (Polyacrylamide)

By End-use

Electrical and electronics
Automotive 
Construction
Packaging
Others (oil & gas, defense and aerospace)

A full Report of Acrylonitrile Catalyst Market is Available @  https://www.omrglobal.com/industry-reports/acrylonitrile-catalyst-market

Acrylonitrile Catalyst Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

Albemarle Corp.
Armacell
Ascend Performance Material
Basf SE
Chemelot
Clariant
Formosa Plastics Corp.
Liaoning Xiangyang Chemicals Group
Mitsubishi Chemical Group Corp.
Neos Company Ltd.
Rezel Catalysts Corp.
Secco
Sumitomo Chemical Co., Ltd.
Taekwang Industrial Co., Ltd.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/acrylonitrile-catalyst-market

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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