Global Acrylonitrile Market Surges Ahead in 2025 with Cutting-Edge Innovations and Strategic Investments | DataM Intelligence

Market Size and Growth:

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.

Acrylonitrile Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Acrylonitrile Market encompasses the global production, distribution, and consumption of acrylonitrile, a colorless, volatile liquid primarily used in manufacturing acrylic fibers, ABS plastics, synthetic rubbers, and other polymers. Driven by demand in automotive, construction, and textiles, the market is influenced by raw material prices, technological advancements, and environmental regulations impacting production processes.

Industry News of USA and Japan:

United States:

Closure of Cornerstone Chemical's Waggaman, Louisiana facility:

In early to mid-2025, Cornerstone Chemical Company announced plans to shut down its acrylonitrile production operations at the Waggaman, Louisiana plant by approximately June 30, 2025. This decision is attributed to financial pressures driven by oversupply and rising raw material costs, and is expected to tighten supply in North America, thereby exerting upward pressure on prices.

Japan:

Strategic Restructuring Toward Specialty Chemicals:

In 2025, Mitsubishi Chemical Group and Sumitomo Chemical launched major restructuring efforts. They are divesting from traditional petrochemicals-including acrylonitrile-and shifting focus to specialty chemicals, advanced materials, agrochemicals, and environmental technologies.

Key Players:

Ineos
PetroChina Company Limited
Asahi Kasei Corporation
AnQore
Mitsubishi Chemical Corporation
SINOPEC
Ascend Performance Materials Operations LLC
Formosa Plastics Corp.
Taekwang Industrial
Shanghai SECCO Petrochemical.

Growth Forecast Projected:

The Global Acrylonitrile Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Acrylonitrile Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Market Segmentation:

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.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Acrylonitrile market?

➠ Who are the leading manufacturers in the global Acrylonitrile industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Acrylonitrile industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Acrylonitrile market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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