Press release
Global Acrylonitrile Market: Strong Market Growth, Profitable Trends, And Key Players To 2025 And Beyond
Acrylonitrile Market Trends
Optimistic Growth Rate & Upscaling Market Size Projected in The Global Acrylonitrile Market
What Is The Projected Market Size Of The Global Acrylonitrile Market And Its Growth Rate?
The Acrylonitrile market has witnessed impressive growth in recent years:
• Grown from $14.49 billion in 2024 at a CAGR of 5.2% to $15.25 billion in 2025
• Strong growth can be attributed to demand from automotive industry, rise in petrochemical industry, environmental awareness, investment in research & development, and infrastructure development.
• Projected to surge even further, reaching $20.06 billion in 2029 at a CAGR of 7.1%
• The growth forecast is driven by circular economy initiatives, market digitization, global trade dynamics, increasing demand for consumer appliances, and rising demand for plastics.
What Is Driving The Growth In The Acrylonitrile Market?
The acrylonitrile market's growth is being fuelled by the expansion of textile and apparel industries. Textile and apparel industry includes fabric production from raw materials and the conversion of these fabrics into clothes and other accessories. The extensive demand for acrylic fibers for the textile, garment, and other industries is driving the need for acrylonitrile. For example, handcrafted exports from India reached a whopping $2.13 billion from April 2021 to September 2021, showing a 60.34% YoY growth due to increased industry participation in promoting handicraft products in international markets. Along with this, by 2030, India's cotton production is anticipated to reach 7.2 million tons, stirred by growing consumer demand. These factors, among others, are driving the growth of the acrylonitrile market.
Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=7616&type=smp
Who Are The Key Players Driving Acrylonitrile Market Growth?
Significant players contributing to the acrylonitrile market growth 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., And others.
What Are The Key Trends In The Acrylonitrile Market?
Prominent trends in the acrylonitrile market include:
• Bio-based acrylonitrile
• Sustainable production
• Technological advancements
• Innovation in blended materials
• Energy efficiency
What Are The Segments Of The Global Acrylonitrile Market?
The acrylonitrile market in this report is bifurcated:
• 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
Which Region Leads The Acrylonitrile Market?
As of 2024, the largest region in the acrylonitrile market was Asia-Pacific, followed by North America. Market coverage includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-Book The Report For Swift Delivery: https://www.thebusinessresearchcompany.com/report/acrylonitrile-global-market-report
What Is Covered In The Acrylonitrile Market Global Market Report?
- Market Size Analysis: Analyze the Acrylonitrile Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Acrylonitrile Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Acrylonitrile Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Acrylonitrile Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization For This Report: https://www.thebusinessresearchcompany.com/Customise?id=7616&type=smp
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
• YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company offers comprehensive data-rich research across 27 industries spanning 60+ geographies, 15,000+ reports. With 1,500,000 datasets, we contribute unique industry insights and in-depth secondary research, arming you with information to stay ahead. Our premier market intelligence platform, the Global Market Model (GMM) provides comprehensive and updated forecasts to support informed decision-making.
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 Global Acrylonitrile Market: Strong Market Growth, Profitable Trends, And Key Players To 2025 And Beyond here
News-ID: 3810280 • Views: …
More Releases from The Business research company
Comprehensive Insights Into The Global Electric Bikes And Scooters Market: Key G …
The electric bikes and scooters report outlines and analyzes the electric bikes and scooters (excluding e-mopeds or 2-wheelers) market, covering the historic period 2019-2024 and the forecast period 2024-2029 and 2034F. The study examines the market across all regions and major regional economies.
The global electric bikes and scooters (excluding e-mopeds or 2 wheelers) market was valued at approximately $43.09310 billion in 2024, reflecting a CAGR of 12.12% since 2019. The…
Geothermal Heat Pump Market Report 2025: Size, Trends, and Key Growth Insights f …
The geothermal heat pump report outlines and analyzes the geothermal heat pump market, covering 2019-2024 as the historic period and 2024-2029, 2034F as the forecast period. The report examines the market across every region and assesses major economies within each region.
The global geothermal heat pump market reached $4.40620 billion in 2024, increasing at a CAGR of 5.70% since 2019. The market is projected to grow from $4.40620 billion in 2024…
Major Growth Driver Identified in 2025 VFX In Advertising Market: The Rise Of So …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
VFX In Advertising Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past several years, the market size of vfx in advertising has seen robust growth. It is expected to expand from $2.8 billion in 2024 to a staggering $3.03 billion in 2025, exhibiting…
Driving Web Content, Search Portals And Social Media Market Growth in 2025: The …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Web Content, Search Portals And Social Media Market Size Growth Forecast: What to Expect by 2025?
The market size for web content, search portals, and social media has seen quick expansion in the past few years. It's projected to expand from $682.14 billion in 2024 to $768.29 billion in…
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…
