What is Acry-lonitrile Market Scope?
The increasing demand for acrylic fibers manufactured from acrylonitrile is expected to drive the market over the forecast period. Acrylonitrile is a clear, colorless liquid produced by the ammoxidation process in which propylene, ammonia, and air are made to react using a catalyst at a high temperature. Acrylonitrile is used in a wide range of chemicals such as acrylonitrile butadiene styrene (ABS), styrene-acrylonitrile resins (SAR), acrylic fibers, acrylamide, nitrile rubber, adiponitrile, and carbon fibers among others. Asia-Pacific is expected to dominate the global market, during the forecast period.
The Acry-lonitrile market study is being classified, by Application (Acrylic Fiber, Adiponitrile, Styrene Acrylonitrile, Acrylonitrile Butadiene Styrene, Acrylamide and Other) and major geographies with country level break-up. According to AMA, the Global Acry-lonitrile market is expected to see growth rate of 5.2%
The market studied is a consolidated market, with the top three players accounting for more than 45% of the global market. Research Analyst at AMA predicts that Vendors from European will contribute to the maximum growth of Global Acry-lonitrile market throughout the predicted period.
Asahi Kasei Corporation (Japan), Solvay (United States), Koninklijke DSM NV (Netherlands), Ascend Performance Materials (United States), INEOS (United Kingdom), LUKOIL (Russia), Mitsubishi Chemical Corporation (Japan), Taekwang Industrial Co. Ltd (South Korea), Formosa Plastics Corporation (Taiwan) and Sumitomo Chemical Co., Ltd (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Lenntech BV (Netherlands) and Repsol (Spain)..
Analyst at AMA have segmented the market study of Global Acry-lonitrile market by Type, Application and Region.
On the basis of geography, the market of Acry-lonitrile has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Market Trend
- Rising Demand from Acrylonitrile Butadiene Styrene (ABS) Application
- The significant increase in the per-capita income of the middle-class population, and the resultant increase in the sales of consumer goods in the region
- The increasing demand for acrylonitrile butadiene styrene (ABS) in the automotive and construction industries
- Growing electrical & electronics industry with increased spending on consumer electronics coupled with increased plastic consumption in electronics
- Growing applications of acrylonitrile such as pharmaceuticals, agriculture, and wastewater treatment
- Competition from low-priced polyester fibers in the textile industry
Key Target AudienceManufacturer, Distributor, Suppliers, Government Regulatory Bodies, Government Research Organization and Others
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