Research Expert: Sarah Overall
  • Published: Mar 2025
  • Pages: 150
  • SKU: IRTNTR43823

  • Latest News- Acrylonitrile Market: ABS and SAN is expected to lead the Application segment during 2025-2029

    The Acrylonitrile Market is being driven by High demand for acrylonitrile from APAC

    The Acrylonitrile Market is expected to grow at a CAGR of 3.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2042.7 million. Acrylonitrile serves as a crucial raw material in the production of Polyacrylonitrile (PAN), which is the primary feedstock for manufacturing carbon fiber. Approximately 90% of carbon fibers are produced using PAN, with the remaining 10% derived from rayon or petroleum pitch. Carbon fiber, renowned for its high strength-to-weight ratio and durability, is extensively utilized in sectors such as aerospace and defense, sports and leisure, wind energy, and automotive. The aerospace industry, in particular, relies heavily on carbon fiber for manufacturing lightweight yet robust structures and components for aircraft and spacecraft. The escalating demand for carbon fiber in these industries is expected to fuel the need for acrylonitrile throughout the forecast period. 

    Get more information on Acrylonitrile Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Application
      • ABS and SAN
      • Acrylic fibers
      • Polyacrylamide
      • Nitrile butadiene rubber
      • Others
    • End-user
      • Electrical and electronics
      • Automotive
      • Construction
      • Packaging
      • Others
    • Geography
      • APAC
        • China
        • India
        • Japan
        • South Korea
      • North America
        • Canada
        • US
      • Europe
        • Germany
        • UK
        • France
        • Italy
      • Middle East and Africa
        • South America

        According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

        • High demand for acrylonitrile from APAC
        • Rising usage of acrylonitrile in automotive industry
        • Rise in construction activities

        However, the market also witnesses some limitations, which are as follows:

        • Stringent regulations and health hazards caused by acrylonitrile
        • Fluctuating raw material prices for producing acrylonitrile
        • Increasing number of alternatives to acrylic fibers

        Benefits of Buying Global Acrylonitrile Market Research Report by Technavio

        Rich Experience: 20+ years leading global market research, trusted insights across industries.

        Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

        Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

        Market Scope in Acrylonitrile Market Research Report

        Market Scope

        Report Coverage

        Details

        Page number

        218

        Base year

        2024

        Historic period

        2019-2023

        Forecast period

        2025-2029

        Growth momentum & CAGR

        Accelerate at a CAGR of 3.2%

        Market growth 2025-2029

        USD 2042.7 million

        Market structure

        market_structure.ucfirst

        YoY growth 2024-2025(%)

        3.1

        Key countries

        China, US, Japan, South Korea, Canada, India, Germany, UK, France, and Italy

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

        Request Free Sample

        Find out which segment is leading the market by accessing the free PDF report

        Research Analysis Overview

        The Acrylonitrile Market encompasses the production and application of Acrylonitrile, a significant chemical intermediate. Acrylamide and Acrylic Fibers (including Polyester Fibers) are key applications. Acrylonitrile Butadiene Styrene (ABS) and Adhesives also utilize this material. The Carbon fiber segment, derived from Acrylonitrile, offers superior Chemical Resistance and Thermal Stability, making it ideal for Construction and other industries. Non-latex gloves and Plastics are additional applications. Acrylonitrile's versatility drives market growth through Production Consumption Analysis.

        Market Research Overview

        The Acrylonitrile market falls under the broader category of the global commodity chemicals industry. This sector encompasses businesses primarily engaged in the production of industrial and basic chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Notably, this market excludes companies producing diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio, the market's growth is attributed to the rising demand for plastic packaging. Given the widespread usage of plastic in the packaging sector worldwide, the increasing preference for lightweight, corrosion-resistant materials has spurred continuous innovation, thereby influencing the application of chemicals in the manufacturing process of plastic packaging materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


        Contacts

        Technavio Research
        Jesse Maida
        Media & Marketing Executive
        US: +1 844 364 1100
        UK: +44 203 893 3200
        Email: media@technavio.com
        Website: www.technavio.com/

        Read News Read Less
        Interested in this report?
        Get your sample now!

      Safe and Secure SSL Encrypted

      Technavio

      • 2500 USD

      [5 reports/month/user]

      • 5000 USD

      close
      • Basic Plan [5000 USD/Year]:

        Single User
        Download 5 Reports/Month
        View 100 Reports/Month
        Add upto 3 Users at 625 USD/user

      • Teams Plan [7500 USD/Year]:

        5 User
        Download 5 Reports/Month/User
        View 100 Reports/Month/User
        Add upto 30 Users at 500 USD/user

      *You can upgrade to Teams plan at Subscription page

      close
      • Single:

        One user only.
        Quick & easy download option

      • Enterprise:

        Unlimited user access (Within your organization).
        Complimentary Customization Included

      *For Enterprise license, go to checkout page

      Technavio Get the report (PDF) sent to your email within minutes.