Textile And Apparel Industries Fueling Growth In The Acrylonitrile Market: A Key Driver Powering Acrylonitrile Market Growth In 2025

The Acrylonitrile Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Acrylonitrile Market Size and Its Estimated Growth Rate?
In the recent past, the acrylonitrile market has seen substantial growth. Its size is predicted to rise from $14.49 billion in 2024 to $15.25 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.2%. Factors contributing to this growth during the historic period include increasing demand from the automotive industry, growth in the petrochemical industry, heightened environmental awareness, investment in research and development, and infrastructure development.

The market size for acrylonitrile is poised for robust expansion in the forthcoming years, projecting to reach $20.06 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 7.1%. Factors contributing to the growth in the predicted period include initiatives in the circular economy, digital transformation of the market, shifts in global trade, a surge in the demand for consumer devices, and an increased craving for plastics. Key trends predicted during this period encompass bio-based acrylonitrile, eco-friendly manufacturing, advancements in technology, mixed material innovations, and energy conservation.

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How Are Emerging Segments Shaping the Acrylonitrile Market Landscape?
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

Subsegments:
1) By Acrylic Fiber: Textiles, Industrial Uses
2) By Adiponitrile: Nylon Production, Polymer Intermediates
3) By Styrene Acrylonitrile (SAN): Packaging, Consumer Goods
4) By Acrylonitrile Butadiene Styrene (ABS): Automotive Components, Electronics, Consumer Goods
5) By Acrylamide: Water Treatment Chemicals, Soil Stabilizers, Other Industrial Applications
6) By Carbon Fiber: Aerospace and Aviation, Automotive, Sports Equipment
7) By Nitrile Rubber: Automotive Seals and Hoses, Disposable Gloves, Gaskets and O-Rings
8) By Other Applications: Adhesives, Coatings, Specialty Chemicals

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Which Growth Factors Are Influencing Acrylonitrile Market Expansion?
The expansion of the textile and apparel sectors is projected to spur the acrylonitrile market's growth. The two main segments of this industry involve the manufacture of textiles and fabric from primary sources and the conversion of these fabrics into clothes and auxiliary items. The growing necessity for acrylic fibers, driven by the burgeoning of the textile and clothing industries, fuels the demand for acrylonitrile. For example, a report released by the India Brand Equity Foundation (IBEF), an Indian government's export promotion agency, stated that handcrafted exports from India hit $2.13 billion from April 2021 to September 2021. This represents a 60.34% YoY growth, spurred by increased involvement of industry participants in propagating handicraft products in overseas markets. Furthermore, India's cotton output is forecasted to attain 7.2 million tons (or 43 million bales of 170 kg each) by 2030, driven by escalating customer demand. Consequently, the thriving textile and apparel sectors fuel the acrylonitrile market's growth.

Who Are the Dominant Players Across Different Acrylonitrile Market Segments?
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.

What Are the Latest Developing Trends in the Acrylonitrile Market?
Key players in the acrylonitrile market are emphasizing product innovation, such as the introduction of Invireo TM, to ensure dependable services for their clients. InvireoTM acts as an acrylonitrile, providing considerable cuts in carbon emissions compared to conventional fossil acrylonitrile. For example, in June 2023, UK-based petrochemical manufacturer INEOS Nitriles released InvireoTM. This bio-attributed product line for acrylonitrile is derived from sustainable resources and carries the potential to cut the carbon footprint of the final product by over 90%.

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Which Geographic Regions Are Expected to Dominate the Acrylonitrile Market in the Coming Years?
Asia-Pacific was the largest region in the acrylonitrile market in 2024. North America was the second-largest region in the acrylonitrile market. The regions covered in the acrylonitrile market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Acrylonitrile Market?
2. What is the CAGR expected in the Acrylonitrile Market?
3. What Are the Key Innovations Transforming the Acrylonitrile Industry?
4. Which Region Is Leading the Acrylonitrile Market?

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