Press release
Acrylonitrile Market Report 2024 Growth, Share, New Trends And Forecast 2033
Acrylonitrile Market
The acrylonitrile market size is expected to see strong growth in the next few years. It will grow to $18.49 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to circular economy initiatives, market digitization, global trade dynamics, increasing demand for consumer appliances, rising demand for plastics. Major trends in the forecast period include bio-based acrylonitrile, sustainable production, technological advancements, innovation in blended materials, energy efficiency.
Market Overview -
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.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=7616&type=smp
Textile And Apparel Industries Fueling Growth In The Acrylonitrile Market
The growing textile and apparel industries are expected to propel the growth of the acrylonitrile market going forward. The apparel and textile industry is divided into two major segments, textile and fabric production from raw materials and the transformation of these fabrics into clothing and other accessories. The increasing need for acrylic fibers caused by the expansion of the textile, garment, and other industries drives the demand for acrylonitrile. For instance, in April 2022, according to a report shared by India Brand Equity Foundation (IBEF), an Indian government export promotion agency, handcrafted exports from India reached $ 2.13 billion between April 2021 and September 2021, a 60.34% YoY growth due to increased industry participants' participation in promoting handicraft products in international markets. In addition, by 2030, India's cotton production is expected to reach 7.2 million tons (or 43 million bales of 170 kg each), spurred by rising consumer demand. Therefore, the growth in the textile and apparel industries is driving the growth of the acrylonitrile market.
Competitive Landscape -
Major companies operating in the acrylonitrile market include INEOS Group Limited, Asahi Kasei Corporation, Mitsubishi Chemical Corporation, Chemelot Campus, Lukoil, Lenntech B.V., Sumitomo Chemical Company Limited, Ascend Performance Materials LLC, Taekwang Industrial Co. Ltd., Repsol S.A., China Petroleum & Chemical Corporation (Sinopec), Solvay S.A., Shanghai Secco Petrochemical Company Limited, Formosa Plastics Corporation, LUC Group, Taixing Yangzi River Petrochemical Co. Ltd., CNPC Jilin Chemical Group, Reliance Industries Limited, Lotte Chemical Corporation, Toray Industries Inc., Thai Acrylic Fiber Co. Ltd., Gihi Chemicals Co., Blackwell Plastics, CHIMEI, Zibo Qixiang Tengda Chemical Co. Ltd., CPDC (Chang Chun Plastics Co. Ltd.), LG Chem, Krada CPS Industry S.L, Nanjing Chemical Material Corp.
Ineos Nitriles Innovation With The Sustainable Acrylonitrile Solution
Major companies operating in the acrylonitrile market are focusing on innovating products, such as the Invireo TM, to provide reliable services to customers. InvireoTM is used as an acrylonitrile that delivers a significant carbon footprint reduction compared to traditional fossil acrylonitrile. For instance, in June 2023, INEOS Nitriles, a UK-based manufacturer of petrochemicals, launched InvireoTM. Invireo TM is a bio-attributed product line for acrylonitrile, which is produced from sustainable feedstock's. InvireoTM reduces the carbon footprint of the end product by more than 90%.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/acrylonitrile-global-market-report
Key Segments -
The acrylonitrile market covered in this report is segmented -
1) By Application: Acrylic Fiber, Adiponitrile, Styrene Acrylonitrile, Acrylonitrile Butadiene Styrene, Acrylamide, Carbon Fiber, Nitrile Rubber, Other Applications
2) By End User: Automotive, Electrical & Electronics, Construction, Packaging, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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 Market Report 2024 Growth, Share, New Trends And Forecast 2033 here
News-ID: 3492416 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Acrylonitrile
Textile And Apparel Industries Fueling Growth In The Acrylonitrile Market: The D …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
Acrylonitrile Market Size Growth Forecast: What to Expect by 2025?
The market size for acrylonitrile has been significantly expanding in the preceding years. It is projected to increase in size from $14.49 billion in 2024 to $15.25 billion in 2025, with a compound annual growth rate (CAGR) of 5.2%. The impressive growth during the…
Global Acrylonitrile (ACN) Market Study Analysis: The Acrylonitrile Butadiene St …
The Global Acrylonitrile (ACN) market was valued at $ million in 2019 and is anticipated to grow at more than a CAGR of 4.3% from 2020 to 2028. Acrylonitrile is a clear, colorless volatile organic liquid with a distinct odour. The acrylonitrile molecule is made up of a vinyl group and a nitrile group. Acrylonitrile is created using the ammoxidation method, which involves causing propylene, ammonia, and air to react…
Acrylonitrile Butadiene to Hold 1/3rd Share of the Total Acrylonitrile Market Va …
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…
Acrylonitrile Styrene Acrylate (ASA) Polymers Market
Based on the GME predictions the Global Acrylonitrile Styrene Acrylate (ASA) Polymers Market will grow at a CAGR of 6.15 percent from 2021 to 2026. ASA polymers have excellent resistance to heat, UV irradiation, moisture, and stress cracking, and possibly of all acrylonitrile elastomers, have the best weathering resistance.
Browse 159 Market Data Tables and 119 Figures spread through 189 Pages and in-depth TOC on "Acrylonitrile Styrene Acrylate (ASA) Polymers Market…
2020 Acrylonitrile Industry Report- Capacity Share of Major Acrylonitrile Produc …
ReportsnReports added a new report on The Acrylonitrile Industry report delivers the clean elaborated structure of the Report comprising each and every business-related information of the market at a global level. The complete range of information related to the Acrylonitrile Industry is obtained through various sources and this obtained bulk of the information is arranged, processed, and represented by a group of specialists through the application of different methodological techniques…
CTBN Market Report 2018: Segmentation by Type (CTBN with 8-12% Acrylonitrile, CT …
Global CTBN market research report provides company profile for Zibo Qilong Chemical, Emerald Performance Materials and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the basis of…
