Lucintel Forecasts The Global Acrylonitrile Market To Reach $13 Billion By 2023

By Author: Lucintel LLC
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According to the recent study the global acrylonitrile market is projected to reach an estimated $13 billion by 2023 from $11 billion in 2023 at a CAGR of 3% from 2023 to 2030. Growth in this market is primarily driven by increasing use of acrylonitrile in various parts of automotive and construction industry for its chemical and thermal properties, and the use of acrylonitrile in manufacturing acrylic fiber and acrylonitrile butadiene styrene.
Browse 120 figures/charts and 96 tables in this 197-page report to understand trends, opportunities and forecast in global acrylonitrile market by end use (automotive, electrical and electronics, packaging, construction, and others), application (acrylic fiber, adiponitrile, styrene acrylonitrile, acrylonitrile butadiene styrene, acrylamide, nitrile butadiene rubber, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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Lucintel forecasts that automotive is expected to remain the largest market by value and volume and it is also expected to witness highest growth over the forecast ...
... period due to increasing use of acrylonitrile butadiene styrene in manufacturing automotive parts such as instrument panels, pillar trim, dashboard components, door liners and handles, seat backs, seat belt components, etc. to reduce the weight of automotive parts.
Acrylonitrile butadiene styrene will remain the largest application by value and volume due to its increasing use in automotive industry like; panels for cars, helping to make them lighter, and improving fuel efficiency. Acrylamide is expected to witness highest growth over the forecast period.
Asia Pacific is expected to remain the largest market by value and volume, and it is also expected to witness the highest growth over the forecast period due to the growing demand for infrastructure along with rehabilitation of infrastructure projects due to urbanization and presence of various automotive manufacturer in China and India is also expected to drive the demand for acrylonitrile in this region.
Ineos, Ascend Performance Materials, Asahi Kasei Corporation, Sinopec Group, China National Petroleum Corporation, Sumitomo Chemical Co. Ltd., Bhansali Engineering Polymers Limited, Jiangsu Sierbang Petrochemical Co., Ltd., Taekwang Industrial Co. Ltd., Zhejiang Petrochemical Co., Ltd. are the major supplier in the acrylonitrile market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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