Acrylonitrile Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Mar-2020 | List of Tables : 76 | List of Figures : 141 | No. of Pages : 170 | Report Code : FACT4671MR | Format :

Acrylonitrile Market Exhibits Steady Growth Through 2029

Soaring demand for acrylic fiber for the manufacturing of plastics and composites will drive the demand for acrylonitrile. Manufacturers are aiming at capacity expansion by forging strategic partnerships with raw material vendors. The global acrylonitrile market will grow 1.6X from 2019 to 2029. Being a petrochemical derivative, the acrylonitrile market is highly influenced by changing oil & gas prices. However, advancements in material science and extraction methods will drive the demand for acrylonitrile during the forecast period. Surging automotive production across countries contributes significantly to the demand of acrylonitrile. The chemical is widely used as a raw material for manufacturing parts for the automotive industry.

Acrylonitrile Butadiene to Account for 1/3rd of total Market Value

Acrylonitrile butadiene styrene accounts for a majority share among various applications with over 1/3rd of the total market value. Versatile applications in manufacturing of thermoplastic and polymer based components in industries such as automotive and construction drive demand from this segment. Nitrile rubber holds the second largest share with over 1/4th of the total market value. Properties such as high resistance to solvents make nitrile rubber an ideal raw material for manufacturing non-latex gloves, automotive transmission belts, binders, and adhesives. The nitrile rubber segment will offer the most lucrative growth opportunities through 2029.

East Asia Maintains Hegemony over Global Sales

East Asia exhibits share-wide dominance with over 40% share of the total market revenues. Presence of prominent manufacturers in countries such as China, and Japan are a central factor to this region’s leadership. The fall in propylene prices in developed economies have created a level playing field for manufacturers. Multiplying automotive production on the back of increasing disposable income in South Asia & Oceania countries position the region as the highest growth region during the forecast period. Easy availability of raw material in early adopters such as the US will drive demand in North American countries. Further, increasing investments in oil & gas exploration and infrastructure trickles down to rise in demand for acrylonitrile based products. Omnipresent development trends across countries will increase the demand for high-strength and resilient products manufactured using acrylonitrile as a raw material.

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Capacity Expansion to Shape Competitive Landscape

The global acrylonitrile market is consolidated in nature with major manufacturers holding a majority of the market value share. Competition in the acrylonitrile market is driven by strategic investments in countries with abundance of raw material. China is the leading producer of the chemical and home to leading market players. Other Asia Pacific countries such as India are also emerging as high-revenue territories. Energy efficient processes give the competitive advantage to acrylonitrile manufacturers in developed economies. However, availability of raw material in Asian continent also influences the competitive landscape. Major players in the global acrylonitrile market are, but not limited to, INEOS, China Petrochemical Technology Development Co., Ltd., Asahi Kasei Advance Corporation, Ascend Performance Material, Chemelot, Formosa Plastics, Mitsubishi Chemical Corporation, SECCO, Taekwang Industrial Co., Ltd., and Sumitomo Chemical Co., Ltd.

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Global Acrylonitrile Market – Scope of the Report

The following report provides forecast and analysis of the global acrylonitrile market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of value (US$ Mn) and volume (Kilo Tons), according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global acrylonitrile market along with several macro-economic indicators. This newly published and insightful report on acrylonitrile sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global acrylonitrile market.

The report also comprises the study of current issues with end users and opportunities for acrylonitrile. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of acrylonitrile manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the acrylonitrile market provided in the report adds to the credibility of this exhaustive research study.

Global Acrylonitrile Market: In-Depth Assessment on Key Segments

The global acrylonitrile market is segmented on the basis of application and region.

Application

Region

Acrylic Fiber

North America

Adiponitrile

Latin America

Styrene Acrylonitrile

Europe

Acrylonitrile Butadiene Styrene

East Asia

Acrylamide

South Asia & Oceania

Carbon Fiber

Middle East & Africa

Nitrile Rubber

 

Others

 

This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited. 

Country-specific assessment on demand for acrylonitrile has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous acrylonitrile manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global acrylonitrile market. Some of the major competitors operating in the acrylonitrile market are INEOS, China Petrochemical Technology Development Co., Ltd., Asahi Kasei Advance Corporation, Ascend Performance Material, Chemelot, Formosa Plastics, Mitsubishi Chemical Corporation, SECCO, Taekwang Industrial Co., Ltd., Sumitomo Chemical Co., Ltd. and others.

Global Acrylonitrile Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the acrylonitrile market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the acrylonitrile market, which includes global GDP growth rate, various sector growth rate such as chemical & material, oil & gas and others. This report serves as an authentic resource of intelligence on the acrylonitrile market, enabling the readers to take fact-based decisions on the future direction of their businesses.

1. Global Acrylonitrile Market - Executive Summary

    1.1. Summary Of Key Findings

    1.2. Summary Of Key Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. Opportunity Assessment

    1.5. Fact.MR Analysis And Recommendations

2. Global Acrylonitrile Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting The Market 

    3.2. Mega Trends

4. Market Background 

    4.1. Global Acrylonitrile Market – Production Scenario

        4.1.1. By Regions

        4.1.2. By Manufacturers

    4.2. Global Acrylonitrile Market Trade Analysis, 2018

        4.2.1. List of Key Importing Countries

        4.2.2. List of Key Exporting Countries

    4.3. Investment Feasibility Matrix (For Acrylonitrile Business)

    4.4. Recent Industry Developments 

    4.5. Evolution and Technology Advancement In Acrylonitrile Industry

    4.6. Market White Space Assessment And Opportunity Analysis

    4.7. Porter’s Five Forces Analysis

    4.8. Cost Structure Analysis

    4.9. Macro-Economic And Forecast Factors

        4.9.1. GDP Growth Outlook

        4.9.2. Chemical Sector Growth Outlook and GVA

        4.9.3. Global Industrialization Growth Outlook

        4.9.4. Top Players Historical Growth Rate

        4.9.5. Automotive Industry Growth Outlook

        4.9.6. Others

    4.10. Value Chain Analysis

        4.10.1. List Of Key Market Manufacturers 

        4.10.2. List Of Key Channel Partners 

        4.10.3. Profitability Margins 

    4.11. Market Dynamics 

        4.11.1. Drivers 

        4.11.2. Industry Challenges

        4.11.3. Opportunities

5. Global Acrylonitrile Market Size (US$ Mn) & Volume (Kilo Tons) Analysis And Forecast, 2014-2029

    5.1. Historical Market Value (US$ Mn) & Volume (Kilo Tons) Analysis, 2014-2018

    5.2. Current And Future Market Value (US$ Mn) & Volume (Kilo Tons) Forecast, 2019-2029

    5.3. Y-O-Y Growth Trend Analysis

6. Global Acrylonitrile Pricing Point Analysis

    6.1. Global Contact Lens Market Pricing Analysis, By Region

    6.2. Pricing Evolution Till 2029

    6.3. Factors Influencing Pricing

7. Global Acrylonitrile Market Value & Volume Analysis And Forecast 2014-2029

    7.1. Global Acrylonitrile Market Value & Volume Analysis 2014-2018 And Forecast 2019-2029, By Application

        7.1.1. Acrylic Fiber

        7.1.2. Adiponitrile

        7.1.3. Styrene Acrylonitrile

        7.1.4. Acrylonitrile Butadiene Styrene

        7.1.5. Acrylamide

        7.1.6. Carbon Fiber

        7.1.7. Nitrile Rubber

        7.1.8. Others

    7.2. Global Acrylonitrile Market Value & Volume Analysis 2014-2018 And Forecast 2019-2029, By Region

        7.2.1. North America

        7.2.2. Latin America

        7.2.3. Europe

        7.2.4. East Asia

        7.2.5. South Asia & Oceania

        7.2.6. MEA

8. North America Acrylonitrile Market Value & Volume Analysis And Forecast 2014-2029

    8.1. North America Acrylonitrile Market Value & Volume Analysis 2014-2018 And Forecast 2019-2029, By Country

        8.1.1. US

        8.1.2. Canada

    8.2. North America Acrylonitrile Market Value & Volume Analysis 2014-2018 And Forecast 2019-2029, By Application

        8.2.1. Acrylic Fiber

        8.2.2. Adiponitrile

        8.2.3. Styrene Acrylonitrile

        8.2.4. Acrylonitrile Butadiene Styrene

        8.2.5. Acrylamide

        8.2.6. Carbon Fiber

        8.2.7. Nitrile Rubber

        8.2.8. Others

9. Latin America Acrylonitrile Market Value & Volume Analysis And Forecast 2014-2029

    9.1. Latin America Acrylonitrile Market Value & Volume Analysis 2014-2018 And Forecast 2019-2029, By Country

        9.1.1. Brazil

        9.1.2. Mexico

        9.1.3. Argentina

        9.1.4. Rest Of Latin America

    9.2. Latin America Acrylonitrile Market Value & Volume Analysis 2014-2018 And Forecast 2019-2029, By Application

        9.2.1. Acrylic Fiber

        9.2.2. Adiponitrile

        9.2.3. Styrene Acrylonitrile

        9.2.4. Acrylonitrile Butadiene Styrene

        9.2.5. Acrylamide

        9.2.6. Carbon Fiber

        9.2.7. Nitrile Rubber

        9.2.8. Others

10. Europe Acrylonitrile Market Value & Volume Analysis And Forecast 2014-2029

    10.1. Europe Acrylonitrile Market Value & Volume Analysis 2014-2018 And Forecast 2019-2029, By Country

        10.1.1. Germany

        10.1.2. Italy

        10.1.3. France

        10.1.4. U.K.

        10.1.5. Spain

        10.1.6. BENELUX

        10.1.7. Russia

        10.1.8. Rest Of Europe

    10.2. Europe Acrylonitrile Market Value & Volume Analysis 2014-2018 And Forecast 2019-2029, By Application

        10.2.1. Acrylic Fiber

        10.2.2. Adiponitrile

        10.2.3. Styrene Acrylonitrile

        10.2.4. Acrylonitrile Butadiene Styrene

        10.2.5. Acrylamide

        10.2.6. Carbon Fiber

        10.2.7. Nitrile Rubber

        10.2.8. Others

11. East Asia Acrylonitrile Market Value & Volume Analysis And Forecast 2014-2029

    11.1. East Asia Acrylonitrile Market Value & Volume Analysis 2014-2018 And Forecast 2019-2029, By Country

        11.1.1. China

        11.1.2. Japan

        11.1.3. South Korea

    11.2. East Asia Acrylonitrile Market Value & Volume Analysis 2014-2018 And Forecast 2019-2029, By Application

        11.2.1. Acrylic Fiber

        11.2.2. Adiponitrile

        11.2.3. Styrene Acrylonitrile

        11.2.4. Acrylonitrile Butadiene Styrene

        11.2.5. Acrylamide

        11.2.6. Carbon Fiber

        11.2.7. Nitrile Rubber

        11.2.8. Others

12. South Asia & Oceania Acrylonitrile Market Value & Volume Analysis And Forecast 2014-2029

    12.1. South Asia & Oceania Acrylonitrile Market Value & Volume Analysis 2014-2018 And Forecast 2019-2029, By Country

        12.1.1. India

        12.1.2. Thailand

        12.1.3. Indonesia

        12.1.4. Malaysia

        12.1.5. Australia & New Zealand

        12.1.6. Rest Of SAO

    12.2. South Asia & Oceania Acrylonitrile Market Value & Volume Analysis 2014-2018 And Forecast 2019-2029, By Application

        12.2.1. Acrylic Fiber

        12.2.2. Adiponitrile

        12.2.3. Styrene Acrylonitrile

        12.2.4. Acrylonitrile Butadiene Styrene

        12.2.5. Acrylamide

        12.2.6. Carbon Fiber

        12.2.7. Nitrile Rubber

        12.2.8. Others

13. Middle East & Africa Acrylonitrile Market Value & Volume Analysis And Forecast 2014-2029

    13.1. Middle East & Africa Acrylonitrile Market Value & Volume Analysis 2014-2018 And Forecast 2019-2029, By Country

        13.1.1. GCC Countries

        13.1.2. Turkey

        13.1.3. South Africa

        13.1.4. Egypt

        13.1.5. Rest Of MEA

    13.2. Middle East & Africa Acrylonitrile Market Value & Volume Analysis 2014-2018 And Forecast 2019-2029, By Application

        13.2.1. Acrylic Fiber

        13.2.2. Adiponitrile

        13.2.3. Styrene Acrylonitrile

        13.2.4. Acrylonitrile Butadiene Styrene

        13.2.5. Acrylamide

        13.2.6. Carbon Fiber

        13.2.7. Nitrile Rubber

        13.2.8. Others

14. Global Acrylonitrile Market –Emerging Countries Analysis

    14.1. Market Proportion Analysis, By Key Countries

    14.2. Global Vs. Country Growth Comparison

    14.3. China Market Value & Volume Analysis And Forecast

        14.3.1. China Acrylonitrile Market Value & Volume Analysis 2014-2018 And Forecast 2019-2029, By Application

            14.3.1.1. Acrylic Fiber

            14.3.1.2. Adiponitrile

            14.3.1.3. Styrene Acrylonitrile

            14.3.1.4. Acrylonitrile Butadiene Styrene

            14.3.1.5. Acrylamide

            14.3.1.6. Carbon Fiber

            14.3.1.7. Nitrile Rubber

            14.3.1.8. Others

    14.4. India Market Value & Volume Analysis And Forecast

        14.4.1. India Acrylonitrile Market Value & Volume Analysis 2014-2018 And Forecast 2019-2029, By Application

            14.4.1.1. Acrylic Fiber

            14.4.1.2. Adiponitrile

            14.4.1.3. Styrene Acrylonitrile

            14.4.1.4. Acrylonitrile Butadiene Styrene

            14.4.1.5. Acrylamide

            14.4.1.6. Carbon Fiber

            14.4.1.7. Nitrile Rubber

            14.4.1.8. Others

    14.5. Mexico Market Value & Volume Analysis And Forecast

        14.5.1. Mexico Acrylonitrile Market Value & Volume Analysis 2014-2018 And Forecast 2019-2029, By Application

            14.5.1.1. Acrylic Fiber

            14.5.1.2. Adiponitrile

            14.5.1.3. Styrene Acrylonitrile

            14.5.1.4. Acrylonitrile Butadiene Styrene

            14.5.1.5. Acrylamide

            14.5.1.6. Carbon Fiber

            14.5.1.7. Nitrile Rubber

            14.5.1.8. Others

15. Country Analysis - Acrylonitrile Market Analysis 2014-2018 And Forecast 2019-2029

    15.1. US Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.2. Canada Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.3. Brazil Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.4. Argentina Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.5. Germany Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.6. France Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.7. Italy Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.8. Spain Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.9. U.K. Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.10. BENELUX Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.11. Russia Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.12. Japan Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.13. South Korea Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.14. Thailand Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.15. Indonesia Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.16. Malaysia Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.17. Australia & New Zealand Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.18. GCC Countries Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.19. Egypt Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.20. South Africa Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

    15.21. Turkey Acrylonitrile Market Demand Analysis And Forecast By Application, 2019 & 2029 

16. Competitive Assessment

    16.1. Global Acrylonitrile Market Structure

    16.2. Global Acrylonitrile Market Competition - A Dashboard View

    16.3. Global Acrylonitrile Market Company Share Analysis

    16.4. Global Acrylonitrile Competitor Market Footprint Matrix

    16.5. Key Participants Market Presence (Intensity Mapping) By Region

17. Company Profiles

    17.1. INEOS

        17.1.1. Overview

        17.1.2. Product Portfolio

        17.1.3. Profitability By Market Segments (Region)

        17.1.4. Sales Footprint

        17.1.5. Strategy Overview 

    17.2. China Petrochemical Technology Development Co., Ltd.

        17.2.1. Overview

        17.2.2. Product Portfolio

        17.2.3. Profitability By Market Segments (Region)

        17.2.4. Sales Footprint

        17.2.5. Strategy Overview 

    17.3. Asahi Kasei Advance Corporation

        17.3.1. Overview

        17.3.2. Product Portfolio

        17.3.3. Profitability By Market Segments (Region)

        17.3.4. Sales Footprint

        17.3.5. Strategy Overview 

    17.4. Ascend Performance Material

        17.4.1. Overview

        17.4.2. Product Portfolio

        17.4.3. Profitability By Market Segments (Region)

        17.4.4. Sales Footprint

        17.4.5. Strategy Overview 

    17.5. Chemelot

        17.5.1. Overview

        17.5.2. Product Portfolio

        17.5.3. Profitability By Market Segments (Region)

        17.5.4. Sales Footprint

        17.5.5. Strategy Overview 

    17.6. Formosa Plastics

        17.6.1. Overview

        17.6.2. Product Portfolio

        17.6.3. Profitability By Market Segments (Region)

        17.6.4. Sales Footprint

        17.6.5. Strategy Overview 

    17.7. Mitsubishi Chemical Corporation

        17.7.1. Overview

        17.7.2. Product Portfolio

        17.7.3. Profitability By Market Segments (Region)

        17.7.4. Sales Footprint

        17.7.5. Strategy Overview 

    17.8. SECCO

        17.8.1. Overview

        17.8.2. Product Portfolio

        17.8.3. Profitability By Market Segments (Region)

        17.8.4. Sales Footprint

        17.8.5. Strategy Overview 

    17.9. Taekwang Industrial Co., Ltd.

        17.9.1. Overview

        17.9.2. Product Portfolio

        17.9.3. Profitability By Market Segments (Region)

        17.9.4. Sales Footprint

        17.9.5. Strategy Overview 

    17.10. Sumitomo Chemical Co., Ltd.

        17.10.1. Overview

        17.10.2. Product Portfolio

        17.10.3. Profitability By Market Segments (Region)

        17.10.4. Sales Footprint

        17.10.5. Strategy Overview 

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Acrylonitrile Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029