Booming Demand Sparks Growth in Acrylonitrile Market | Global Trends, Forecast & Opportunities to 2031 | Leading key players - Ineos, PetroChina Company Limited, Asahi Kasei Corporation.

The Global Acrylonitrile Market reached US$ 11.8 billion in 2022 and is expected to reach US$ 16.9 billion by 2030, growing with a CAGR of 4.7% during the forecast period 2024-2031.

The latest Acrylonitrile market research report from DataM Intelligence delivers a comprehensive analysis of the global Acrylonitrile Market landscape, highlighting emerging trends, market size, competitive dynamics, and key growth drivers. This high-impact report offers strategic insights for investors, marketers, and decision-makers looking to capitalize on current and future market opportunities.

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The Acrylonitrile Market refers to the global industry involved in the production, distribution, and consumption of acrylonitrile, a volatile, colorless liquid used primarily as a key raw material in the manufacture of plastics, synthetic rubber, and acrylic fibers. It plays a crucial role in automotive, construction, electronics, and textile industries due to its strength, durability, and chemical resistance properties.

Market Segments

By Application: Acrylic Fiber, Styrene-Acrylonitrile (SAN), Acrylonitrile, Butadiene Styrene (ABS), Acrylonitrile Styrene Acrylate (ASA), Acrylamide and Others.

By End-User: Textile, Automotive, Electronics, Construction, Packaging, Consumer Goods and Others.

The Acrylonitrile industry is undergoing swift expansion, fueled by breakthroughs in medical technology, growing demand for cutting-edge therapies, and an increasing emphasis on patient-centric care. As the sector advances, in-depth market analysis is essential to track evolving trends, regulatory developments, and new opportunities.

Prominent players in the Acrylonitrile Market

The prominent players in Acrylonitrile market research report are: Ineos, PetroChina Company Limited, Asahi Kasei Corporation, AnQore, Mitsubishi Chemical Corporation, SINOPEC, Ascend Performance Materials Operations LLC, Formosa Plastics Corp., Taekwang Industrial and Shanghai SECCO Petrochemical.

These companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

Industry Developments of USA:

May 2025 - INEOS Nitriles Expansion Project:
INEOS Nitriles announced the successful expansion of its Green Lake facility in Texas, enhancing acrylonitrile production capacity by 20%. The move is aimed at meeting rising domestic demand from the automotive and electronics sectors while supporting sustainability through energy-efficient processes.

August 2024 - Ascend Performance Materials Collaboration:
Ascend Performance Materials partnered with a leading U.S.-based biotech firm to develop bio-based acrylonitrile alternatives. The partnership focuses on lowering carbon emissions and advancing circular economy practices in industrial chemical manufacturing.

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Regions Covered:

The global Acrylonitrile Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

FAQs:

✒ What are the primary drivers fueling growth in the Acrylonitrile Market today?
✒ Which companies are currently leading innovation and market share in the Acrylonitrile Market?
✒ In what ways is the current regulatory environment influencing the Acrylonitrile Market's trajectory?
✒ Which geographic regions are forecasted to experience the strongest growth in the Acrylonitrile Market-and why?
✒ What are the key barriers or challenges that could limit the growth of the Acrylonitrile Market?

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