Press release
Acrylonitrile Market 2024-2033: Production Analysis, Growth Strategy, Industry Insights And Major Players
Acrylonitrile Market
As per the report, the acrylonitrile market size has grown strongly in recent years. It will grow from $13.82 billion in 2023 to $14.59 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. 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%.
Download Free Sample 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.
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%.
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
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=7616&type=discount
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.
Contents of the report:
1. Executive Summary
2. Acrylonitrile Market Report Structure
3. Acrylonitrile Market Trends And Strategies
4. Acrylonitrile Market - Macro Economic Scenario
5. Acrylonitrile Market Size And Growth
…..
27. Acrylonitrile Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/acrylonitrile-global-market-report
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
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 2024-2033: Production Analysis, Growth Strategy, Industry Insights And Major Players here
News-ID: 3610500 • Views: …
More Releases from The Business Research Company
Leading Companies Fueling Innovation and Growth in the Private Network Services …
The private network services sector is set to experience remarkable growth as demand for secure, high-performance connectivity continues to rise across various industries. With advancements in wireless technology and evolving network needs, this market is positioning itself for widespread adoption and innovation over the coming years. Let's explore the market size, key players, driving trends, and segmentation to better understand what lies ahead.
Private Network Services Market Size and Growth Outlook…
In-Depth Examination of Segments, Industry Trends, and Key Competitors in the Po …
The policy control function as a service (PCFaaS) market is on track for substantial expansion over the coming years, driven by technological advancements and increasing demand in telecommunications. This sector is transforming rapidly as operators adapt to next-generation network requirements and cloud-native approaches. Let's delve into the market's expected valuation, key players, emerging trends, and notable segmentations shaping its future.
Significant Growth Forecast for the Policy Control Function As A Service…
Top Players and Competitive Dynamics in the Packet Optical Platform Market
The packet optical platform market is positioned for significant expansion in the coming years, driven by advances in network technology and increasing demand for high-capacity data transmission. As digital infrastructure evolves, this sector is set to play a crucial role in supporting the growing needs of data centers, telecom providers, and cloud services. Let's explore the market's projected size, key players, emerging trends, and the segments contributing to its growth.
Forecasted…
Analysis of Segmentation, Market Trends, and Competitive Landscape in the Open S …
The open source help desk software market is set to experience significant expansion in the coming years, driven by technological advancements and evolving business needs. As organizations increasingly embrace digital customer support, this market is positioned for notable growth through 2030. Below is an in-depth exploration of the market size, leading players, key trends, and segmentation insights.
Projected Market Size and Growth Rate of the Open Source Help Desk Software Market…
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…
