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 synthesized from PAN, with the remaining 10% derived from rayon or petroleum pitch. Carbon fiber, renowned for its strength-to-weight ratio, surpasses steel in both strength and lightness. This high-performance material is extensively utilized in sectors such as aerospace and defense, sports and leisure, wind energy, and automotive. The burgeoning demand for carbon fibers in these industries, particularly aerospace and defense, as well as sports and leisure, is projected to fuel the market growth for acrylonitrile during the forecast period. In the aerospace industry, carbon fibers are integral to the manufacturing of lightweight, robust structures and components for aircraft and spacecraft. 

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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
• Process Technology
  • Ammoxidation Process
  • 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

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Market Scope in Acrylonitrile Market Research Report

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Research Analysis Overview

The Acrylonitrile market encompasses various processes such as acrylonitrile hydration and adiponitrile production, leading to acrylonitrile through hydrolysis or dimerization. Downstream applications include acrylamide and acrylic acid production via hydrolysis, hydrogenation for propylene oxide, and hydrocyanation for producing acrylonitrile derivatives. Polymerization techniques include electrochemical, plasma, radiation-induced, anionic, cationic, ring-opening, controlled radical, and living methods. Polymer characterization employs techniques like DSC, TGA, GPC, NMR, IR, viscosity measurement, MFI, rheological properties, crystallinity determination, and degradation studies.

Market Research Overview

The global commodity chemicals market encompasses businesses specializing in the production of industrial and fundamental chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Acrylonitrile, a significant component in this sector, undergoes polymerization to produce acrylonitrile-butadiene-styrene (ABS) terpolymers and san copolymers, as well as nitrile rubber through vinyl nitrile monomer and acrylonitrile-butadiene copolymerization. Market expansion is fueled by the escalating demand for plastic packaging, which is the predominantly utilized material in this industry due to its lightweight and corrosion-resistant properties. Continuous innovation in plastic packaging manufacturing processes further drives the demand for advanced chemical solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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