Acrylonitrile Market in Europe | Leading Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections 2022-2026
The acrylonitrile market in Europe is expected to grow by 160.53 th tons, accelerating at a CAGR of almost 3.34% during the forecast period. Technavio’s research reports offer a detailed analysis of the market segments, delving deep into the factors that will lead to the growth of each segment. It also offers insights into factors that are likely to have a negative impact on market growth. This comprehensive analysis of the market will enable clients to identify areas of growth and steer clear of the low-performing segments.
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Acrylonitrile Market in Europe: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented by Application (ABS and SAN, Acrylic fibers, polyacrylamide, nitrile butadiene rubber, and others) and Geography (Germany, Italy, France, UK, and Rest of Europe).
- 46% of the market growth will originate from Germany during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Acrylonitrile Market in Europe size.
Acrylonitrile Market in Europe: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Increasing demand for acrylonitrile from the automotive industry will be a significant factor in driving the growth of the Acrylonitrile Market in Europe.
- Growing demand for acrylic fibers will be instrumental in driving the market growth during the forecast period.
- Health hazards caused by acrylonitrile is a hurdle that needs to be crossed on the path to success.
Acrylonitrile Market in Europe: Vendor Analysis
- The market is fragmented.
- Asahi Kasei Corp., Ascend Performance Materials Operations LLC, China Petroleum and Chemical Corp., INEOS Group Holdings SA, Lenntech BV, Mitsubishi Chemical Corp., PJSC LUKOIL, Shanghai SECCO Petrochemical Co. Ltd., Sumitomo Chemical Co. Ltd., and Taekwang Group are some of the major market participants.
- The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.
Key Areas Covered in our Report:
- Acrylonitrile Market in Europe Split by Application
- ABS and SAN
- Acrylic fibers
- Polyacrylamide
- Nitrile butadiene rubber
- Others
- Acrylonitrile Market in Europe Split by Geography
- Germany
- Italy
- France
- UK
- Rest of Europe
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Asahi Kasei Corp.
- Ascend Performance Materials Operations LLC
- China Petroleum and Chemical Corp.
- INEOS Group Holdings SA
- Lenntech BV
- Mitsubishi Chemical Corp.
- PJSC LUKOIL
- Shanghai SECCO Petrochemical Co. Ltd.
- Sumitomo Chemical Co. Ltd.
- Taekwang Group
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
Browse through some of other related market research reports for more insights:
- Acrylonitrile Market: The Global acrylonitrile market is expected to grow by 1005.68 th tons, accelerating at a CAGR of over 3% during the forecast period.
- Acrylic Fibers Market: Global acrylic fibers market will post an incremental growth of 165.06 million tons and progressing at a CAGR of over 2% during the forecast period.
- Cast Acrylic Sheets Market: The Global Cast acrylic sheets market is projected to grow by $ 614.23 million, decelerating at a CAGR of 3.59% till 2025.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 3.34%.
- What is the incremental growth of the market?
The market is expected to grow by 160.53 th tons through 2022-2026.
- What is a key factor driving this market?
Increasing demand for acrylonitrile from the automotive industry will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
Germany, Italy, France, UK, and Rest of Europe are the key regions featured in this research report.
- Which is the leading geographic region for this market:
46% growth will originate from Germany
- Who are the leading market vendors?
The leading vendors in this market are Asahi Kasei Corp., Ascend Performance Materials Operations LLC, China Petroleum and Chemical Corp., INEOS Group Holdings SA, Lenntech BV, Mitsubishi Chemical Corp., PJSC LUKOIL, Shanghai SECCO Petrochemical Co. Ltd., Sumitomo Chemical Co. Ltd., and Taekwang Group
- What are the market segments covered in this report?
The market is segmented by Application (ABS and SAN, Acrylic fibers, polyacrylamide, nitrile butadiene rubber, and others) and Geography (Germany, Italy, France, UK, and Rest of Europe)
