Acrylonitrile Market Size, Share & Trends Analysis Report By Application (Acrylic Fibers, Adiponitrile, Styrene Acrylonitrile, Acrylonitrile Butadiene Styrene, Acrylamide, Carbon Fiber), By Region, And Segment Forecasts, 2020 - 2027

Published: Feb, 2020 | Pages: 115 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The global acrylonitrile market size is projected to reach USD 16.5 billion by 2027, expanding at a revenue-based CAGR of 4.3%, according to a new report by Grand View Research, Inc. The increasing demand for acrylonitrile butadiene styrene (ABS) is anticipated to drive growth over the forecast period.

ABS is expected to have strong demand from the automotive, construction, and electronics industries, especially in the developing countries such as China and Brazil. The increasing production of consumer durable electronics in China due to the growing affordability and innovations in the industry are anticipated to propel the demand. ABS offers excellent heat stability and resistance to chemicals making it suitable in the manufacture of electronic devices.

Apart from ABS, styrene-acrylonitrile resins manufactured using acrylonitrile and styrene are also expected to play a key role in fueling the demand for the product. These are used in consumer electronics and automotive manufacturing. These resins are also gaining preference in the pharmaceutical industry due to chemical resistance, dimensional stability, and hygiene and safety benefits.

In spite of the various application of acrylonitrile across major end-use industries, the acrylonitrile market is projected to witness moderate growth over the forecast period. The constant fluctuations in raw material prices, the trade complications of petrochemicals caused by U.S.-China trade war, economic and political disruptions in Iran, and other Middle Eastern countries are likely to hinder the smooth supply of raw materials affecting the production cycle.

The acrylonitrile producers and consumers are under high scrutiny in Europe, due to the health and environmental hazards. In October 2019, INEOS announced a potential closure of its ACN manufacturing plant in U.K. due to high investment of Euro 200 million in order to comply with the environmental standards and regulations. Such issues have resulted in a shift in end-user preference for environment compliant or bio-based polymers, thus restraining the regional market.

Further key findings from the report suggest:

• ABS application dominated the industry with a volumetric share of over 33.5% in 2019. ABS is highly flexible for use in injection molding, blow molding, as well as extrusion processes. It has superior physical, chemical, and mechanical properties and is cost effective as compared to other resins, which is expected to fuel its production, thus positively affecting the acrylonitrile market over the forecast period

• Carbon fiber is expected to witness the fastest growth rate of 3.1%, in terms of volume, over the forecast period on account of growing demand for lightweight materials from automotive and aerospace sectors

• Asia Pacific is the largest and fastest growing market, in terms of revenue, on account of high demand for ABS as a replacement of traditional plastics in the end-use sectors, particularly automotive

• North America accounted for a volume share of 19.3%, in terms of volume, in 2019. According to the National Council of Textile Organizations, the U.S. textiles industry invested over USD 22.8 billion in new plants and equipment from 2006 to 2017. High focus of the manufacturers on production and export of textiles is expected to fuel the demand for acrylic fiber, thereby fueling the demand for acrylonitrile over the coming years

• In December 2017, Energy Department's National Renewable Energy Laboratory (NREL) developed a novel method for the production of renewable acrylonitrile. This method is a hybrid biological-catalytic process and uses hydroxypropionic acid (3-HP) as a raw material.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Research methodology
                 1.2 Research scope and assumptions
                 1.3 List to data sources

Chapter 2 Executive Summary
                 2.1 Market summary

Chapter 3 Market Variables, Trends & Scope
                 3.1 Market lineage outlook
                     3.1.1 Global organic compound market outlook
                     3.1.2 Global acrylonitrile market outlook
                 3.2 Market size and growth prospects, 2019 - 2027
                 3.3 Value chain analysis
                     3.3.1 Raw material analysis
                     3.3.2 Vendor Selection Criteria
                     3.3.3 Sales Channel Analysis
                     3.3.4 Price trend analysis, 2016 - 2019
                 3.4 Technological overview
                 3.5 Trade analysis, 2014 - 2018
                     3.5.1 Key exporter by volume
                     3.5.2 Key exporter by value
                     3.5.3 Key importer by volume
                     3.5.4 Key importer by value
                 3.6 Regulatory framework
                 3.7 Market dynamics
                     3.7.1 Market drivers
                     3.7.2 Market restraint
                     3.7.3 Industry challenges
                 3.8 Key opportunities - prioritized
                 3.9 Business environment analysis
                     3.9.1 Porter's analysis
                         3.9.1.1 Threat of new entrants
                         3.9.1.2 Bargaining power of buyers
                         3.9.1.3 Threat of substitutes
                         3.9.1.4 Bargaining power of suppliers
                         3.9.1.5 Industry rivalry
                     3.9.2 PESTEL analysis
                         3.9.2.1 Political
                         3.9.2.2 Economic
                         3.9.2.3 Social
                         3.9.2.4 Technological
                         3.9.2.5 Environmental
                         3.9.2.6 Legal

Chapter 4 Acrylonitrile Market Application Outlook
                 4.1 Application market introduction
                 4.2 Acrylonitrile market estimates & forecast, by application, 2016 - 2027
                     4.2.1 Acrylic fiber
                         4.2.1.1 Market estimates & forecasts, in acrylic fiber, 2016 - 2027 (Kilotons) (USD Million)
                     4.2.2 Adiponitrile
                         4.2.2.1 Market estimates & forecasts, in adiponitrile, 2016 - 2027 (Kilotons) (USD Million)
                     4.2.3 Styrene acrylonitrile
                         4.2.3.1 Market estimates & forecasts, in styrene acrylonitrile, 2016 - 2027 (Kilotons) (USD Million)
                     4.2.4 Acrylonitrile butadiene styrene (ABS)
                         4.2.4.1 Market estimates & forecasts, in ABS, 2016 - 2027 (Kilotons) (USD Million)
                     4.2.5 Acrylamide
                         4.2.5.1 Market estimates & forecasts, in acrylamide, 2016 - 2027 (Kilotons) (USD Million)
                     4.2.6 Carbon fiber
                         4.2.6.1 Market estimates & forecasts, in carbon fiber, 2016 - 2027 (Kilotons) (USD Million)
                     4.2.7 Nitrile rubber
                         4.2.7.1 Market estimates & forecasts, in nitrile rubber, 2016 - 2027 (Kilotons) (USD Million)
                     4.2.8 Other applications
                         4.2.8.1 Market estimates & forecasts, in other applications, 2016 - 2027 (Kilotons) (USD Million)

Chapter 5 Acrylonitrile Market Regional Outlook
                 5.1 Regional Market Introduction
                 5.2 North America
                     5.2.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                     5.2.2 Market volume & revenue, by application, 2016 - 2027
                     5.2.3 U.S.
                         5.2.3.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                         5.2.3.2 Market volume & revenue, by application, 2016 - 2027
                     5.2.4 Canada
                         5.2.4.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                         5.2.4.2 Market volume & revenue, by application, 2016 - 2027
                     5.2.5 Mexico
                         5.2.5.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                         5.2.5.2 Market volume & revenue, by application, 2016 - 2027
                 5.3 Europe
                     5.3.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                     5.3.2 Market volume & revenue, by application, 2016 - 2027
                     5.3.3 Germany
                         5.3.3.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                         5.3.3.2 Market volume & revenue, by application, 2016 - 2027
                     5.3.4 France
                         5.3.4.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                         5.3.4.2 Market volume & revenue, by application, 2016 - 2027
                     5.3.5 Spain
                         5.3.5.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                         5.3.5.2 Market volume & revenue, by application, 2016 - 2027
                     5.3.6 U.K.
                         5.3.6.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                         5.3.6.2 Market volume & revenue, by application, 2016 - 2027
                     5.3.7 Italy
                         5.3.7.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                         5.3.7.2 Market volume & revenue, by application, 2016 - 2027
                 5.4 Asia Pacific
                     5.4.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                     5.4.2 Market volume & revenue, by application, 2016 - 2027
                     5.4.3 China
                         5.4.3.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                         5.4.3.2 Market volume & revenue, by application, 2016 - 2027
                     5.4.4 India
                         5.4.4.1 India market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                         5.4.4.2 Market volume & revenue, by application, 2016 - 2027
                     5.4.5 Japan
                         5.4.5.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                         5.4.5.2 Market volume & revenue, by application, 2016 - 2027
                     5.4.6 Australia
                         5.4.6.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                         5.4.6.2 Market volume & revenue, by application, 2016 - 2027
                     5.4.7 Indonesia
                         5.4.7.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                         5.4.7.2 Market volume & revenue, by application, 2016 - 2027
                 5.5 Central & South America
                     5.5.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                     5.5.2 Market volume & revenue, by application, 2016 - 2027
                     5.5.3 Brazil
                         5.5.3.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                         5.5.3.2 Market volume & revenue, by application, 2016 - 2027
                     5.5.4 Argentina
                         5.5.4.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                         5.5.4.2 Market volume & revenue, by application, 2016 - 2027
                 5.6 Middle East & Africa
                     5.6.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                     5.6.2 Market volume & revenue, by application, 2016 - 2027
                     5.6.3 Saudi Arabia
                         5.6.3.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                         5.6.3.2 Market volume & revenue, by application, 2016 - 2027
                     5.6.4 UAE
                         5.6.4.1 Market estimates & forecasts 2016 - 2027 (Kilotons) (USD Million)
                         5.6.4.2 Market volume & revenue, by application, 2016 - 2027

Chapter 6 Competitive Landscape
                 6.1 Acrylonitrile market - Heat map analysis, 2019
                 6.2 Vendor landscape
                     6.2.1 List of raw material suppliers
                     6.2.2 List of manufacturers
                     6.2.3 List of distributors
                     6.2.4 List of potential end-users
                 6.3 Competitive environment
                 6.4 Acrylonitrile market share analysis, 2019
                 6.5 Strategic alliances

Chapter 7 Company Profiles
                 7.1 INEOS
                     7.1.1 Company introduction
                     7.1.2 Financial information
                     7.1.3 Product portfolio
                     7.1.4 Contact information
                     7.1.5 Strategic initiatives
                 7.2 China Petrochemical Technology Development Co., Ltd.
                     7.2.1 Company introduction
                     7.2.2 Financial information
                     7.2.3 Product portfolio
                     7.2.4 Contact information
                 7.3 Asahi Kasei Advance Corporation
                     7.3.1 Company introduction
                     7.3.2 Financial information
                     7.3.3 Product portfolio
                     7.3.4 Contact information
                     7.3.5 Strategic initiatives
                 7.4 Ascend Performance Material
                     7.4.1 Company introduction
                     7.4.2 Financial information
                     7.4.3 Product portfolio
                     7.4.4 Contact information
                 7.5 Chemelot
                     7.5.1 Company introduction
                     7.5.2 Financial information
                     7.5.3 Product portfolio
                     7.5.4 Contact information
                     7.5.5 Strategic initiatives
                 7.6 Formosa Plastics
                     7.6.1 Company introduction
                     7.6.2 Financial information
                     7.6.3 Product portfolio
                     7.6.4 Contact information
                     7.6.5 Strategic initiatives
                 7.7 Mitsubishi Chemical Corporation
                     7.7.1 Company introduction
                     7.7.2 Financial information
                     7.7.3 Product portfolio
                     7.7.4 Contact information
                     7.7.5 Strategic initiatives
                 7.8 SECCO
                     7.8.1 Company introduction
                     7.8.2 Financial information
                     7.8.3 Product portfolio
                     7.8.4 Contact information
                 7.9 Taekwang Industrial Co., Ltd.
                     7.9.1 Company introduction
                     7.9.2 Financial information
                     7.9.3 Product portfolio
                     7.9.4 Contact information
                     7.9.5 Strategic initiatives
                 7.10 Sumitomo Chemical Co., Ltd.
                     7.10.1 Company introduction
                     7.10.2 Financial information
                     7.10.3 Product portfolio
                     7.10.4 Contact information

List of Tables

Table 1 Liquid Acrylonitrile market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 2 Solid Acrylonitrile market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
Table 3 Acrylonitrile market volume & revenue in acrylic fibers, 2016 - 2027 (Kilotons) (USD Million)
Table 4 Acrylonitrile market volume & revenue in adiponitrile, 2016 - 2027 (Kilotons) (USD Million)
Table 5 Acrylonitrile market volume & revenue in styrene acrylonitrile, 2016 - 2027 (Kilotons) (USD Million)
Table 6 Acrylonitrile market volume & revenue in ABS, 2016 - 2027 (Kilotons) (USD Million)
Table 7 Acrylonitrile market volume & revenue in acrylamide, 2016 - 2027 (Kilotons) (USD Million)
Table 8 Acrylonitrile market volume & revenue in carbon fiber, 2016 - 2027 (Kilotons) (USD Million)
Table 9 Acrylonitrile market volume & revenue in nitrile rubber, 2016 - 2027 (Kilotons) (USD Million)
Table 10 Acrylonitrile market volume & revenue in other applications, 2016 - 2027 (Kilotons) (USD Million)
Table 11 North America acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 12 North America acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 13 North America acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 14 U.S. acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 15 U.S. acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 16 U.S. acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 17 Canada acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 18 Canada acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 19 Canada acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 20 Mexico acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 21 Mexico acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 22 Mexico market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 23 Europe acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 24 Europe acrylonitrile market estimates & forecast, by application, 2016 - 2027 (kilotons)
Table 25 Europe acrylonitrile market estimates & forecast, by application, 2016 - 2027 (usd million)
Table 26 Germany acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 27 Germany acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 28 Germany acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 29 France acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 30 France acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 31 France acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 32 Spain acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 33 Spain acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 34 Spain Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 35 Italy Acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 36 Italy Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 37 Italy Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 38 U.K. Acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 39 U.K. Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 40 U.K. Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 41 Asia Pacific Acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 42 Asia Pacific Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 43 Asia Pacific Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 44 China Acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 45 China Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 46 China Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 47 Japan Acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 48 Japan Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 49 Japan Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 50 Australia Acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 51 Australia Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 52 Australia Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 53 India Acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 54 India Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 55 India Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 56 Indonesia Acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 57 Indonesia Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 58 Indonesia Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 59 MEA Acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 60 MEA Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 61 MEA Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 62 Saudi Arabia Acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 63 Saudi Arabia Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 64 Saudi Arabia Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 65 UAE Acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 66 UAE Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 67 UAE Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 68 Central & South America Acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 69 Central & South America Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 70 Central & South America Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 71 Brazil Acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 72 Brazil Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 73 Brazil Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)
Table 74 Argentina Acrylonitrile market estimates & forecast, 2016 - 2027 (Kilotons) (USD Million)
Table 75 Argentina Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (Kilotons)
Table 76 Argentina Acrylonitrile market estimates & forecast, by application, 2016 - 2027 (USD Million)

List of Figures

Fig. 1 Acrylonitrile market snapshot
Fig. 2 Acrylonitrile market segmentation
Fig. 3 Global acrylonitrile market estimates and forecast, 2016 - 2027 (Kilotons) (USD Million)
Fig. 4 Value chain analysis
Fig. 5 Production process share
Fig. 6 Acrylonitrile market dynamics
Fig. 7 Key opportunity prioritized
Fig. 8 Porter's analysis
Fig. 9 PESTEL analysis
Fig. 10 Acrylonitrile market volume by application, 2019 & 2027 (Kilotons)
Fig. 11 Acrylonitrile market volume by region, 2019 & 2027 (Kilotons)