The Asia Pacific Acrylonitrile Market would witness market growth of 1.8% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 3,051.5 Kilo Tonnes, showcasing a growth of 1.7% (2019-2022).
The market is anticipated to be driven by the rising demand for acrylonitrile from end-use sectors, including the automotive and construction industries. Acrylonitrile consumption is rising due to the expanding construction sector, which is anticipated to affect industry growth positively. The construction industry uses acrylonitrile to create derivatives, including acrylonitrile butadiene styrene, acrylic fiber, acrylamide, carbon fiber, and nitrile rubber. The product is expected to have considerable demand in the near future due to the polymers produced with it exhibiting various features, including chemical resistance, durability, high strength, and thermal stability.
As it exhibits properties such as thermal and chemical resistance, the product is also gaining popularity in consumer electronics. Changing lifestyles, expanding consumer preferences, and rising per capita income are anticipated to drive the demand for consumer appliances, increasing the demand for acrylonitrile in the consumer appliances sector. Acrylonitrile use is expected to rise along with the automotive sector's expansion. It is frequently employed in the automotive industry due to its low weight and strong strength & durability at low temperatures. Acrylic fibers are in high demand, particularly in the automotive industry, which is expected to grow the market.
Japan has a robust manufacturing sector that produces a broad range of consumer goods, from electronics to food products. Many of these products require protective packaging, including plastic containers, blister packs, and protective casings. Acrylonitrile-based plastics, such as acrylonitrile-butadiene-styrene (ABS) and styrene acrylonitrile (SAN), produce durable and impact-resistant packaging materials for consumer goods. Japan is known for its advanced electronics industry, producing items like smartphones, tablets, and other electronic devices. Acrylonitrile-based plastics are commonly used in packaging electronic components and devices to protect against impact, dust, and moisture. A combination of industrial and consumer needs, sustainability goals, regulatory compliance, and ongoing innovations in packaging materials and designs drives the demand for packaging in the acrylonitrile market in Japan. All these elements will aid in the expansion of the regional acrylonitrile market.
The China market dominated the Asia Pacific Acrylonitrile Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,344 million by 2030. The Japan market is registering a CAGR of 1.5% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 2.1% during (2023 - 2030).
Based on Application, the market is segmented into Acrylonitrile Butadiene Styrene (ABS), Acrylic Fiber, Styrene Acrylonitrile, Adiponitrile, Acrylamide, Carbon Fiber, Nitrile Rubber, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Acrylonitrile Market is Predict to reach $13.1 Billion by 2030, at a CAGR of 1.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include INEOS Group Holdings S.A., Sumitomo Chemical Co., Ltd., China Petrochemical Development Corporation (Core Pacific Group), Asahi Kasei Advance Corporation (Asahi Kasei Corporation), Mitsubishi Chemical Holdings Corporation, Ascend Performance Materials LLC (SK Capital and Partners), AnQore, Formosa Plastics Group, and TAEKWANG Industrial Co., ltd.
Scope of the Study
Market Segments Covered in the Report:
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Acrylonitrile Butadiene Styrene (ABS)
- Acrylic Fiber
- Styrene Acrylonitrile
- Adiponitrile
- Acrylamide
- Carbon Fiber
- Nitrile Rubber
- Others
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- INEOS Group Holdings S.A.
- Sumitomo Chemical Co., Ltd.
- China Petrochemical Development Corporation (Core Pacific Group)
- Asahi Kasei Advance Corporation (Asahi Kasei Corporation)
- Mitsubishi Chemical Holdings Corporation
- Ascend Performance Materials LLC (SK Capital and Partners)
- AnQore
- Formosa Plastics Group
- TAEKWANG Industrial Co., ltd.
TABLE 1 Asia Pacific Acrylonitrile Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Acrylonitrile Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Acrylonitrile Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Asia Pacific Acrylonitrile Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Asia Pacific Acrylonitrile Market by Application, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Acrylonitrile Market by Application, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Acrylonitrile Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 8 Asia Pacific Acrylonitrile Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 9 Asia Pacific Acrylonitrile Butadiene Styrene (ABS) Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Acrylonitrile Butadiene Styrene (ABS) Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Acrylonitrile Butadiene Styrene (ABS) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Asia Pacific Acrylonitrile Butadiene Styrene (ABS) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Asia Pacific Acrylic Fiber Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Acrylic Fiber Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Acrylic Fiber Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Asia Pacific Acrylic Fiber Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Asia Pacific Styrene Acrylonitrile Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Styrene Acrylonitrile Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Styrene Acrylonitrile Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Asia Pacific Styrene Acrylonitrile Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Asia Pacific Adiponitrile Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Adiponitrile Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Adiponitrile Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Asia Pacific Adiponitrile Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Asia Pacific Acrylamide Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Acrylamide Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Acrylamide Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Asia Pacific Acrylamide Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Asia Pacific Carbon Fiber Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Carbon Fiber Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Carbon Fiber Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 Asia Pacific Carbon Fiber Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 Asia Pacific Nitrile Rubber Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Nitrile Rubber Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Nitrile Rubber Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 Asia Pacific Nitrile Rubber Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 Asia Pacific Acrylonitrile Market by Country, 2019 - 2022, USD Million
TABLE 42 Asia Pacific Acrylonitrile Market by Country, 2023 - 2030, USD Million
TABLE 43 Asia Pacific Acrylonitrile Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 Asia Pacific Acrylonitrile Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 China Acrylonitrile Market, 2019 - 2022, USD Million
TABLE 46 China Acrylonitrile Market, 2023 - 2030, USD Million
TABLE 47 China Acrylonitrile Market, 2019 - 2022, Kilo Tonnes
TABLE 48 China Acrylonitrile Market, 2023 - 2030, Kilo Tonnes
TABLE 49 China Acrylonitrile Market by Application, 2019 - 2022, USD Million
TABLE 50 China Acrylonitrile Market by Application, 2023 - 2030, USD Million
TABLE 51 China Acrylonitrile Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 52 China Acrylonitrile Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 53 Japan Acrylonitrile Market, 2019 - 2022, USD Million
TABLE 54 Japan Acrylonitrile Market, 2023 - 2030, USD Million
TABLE 55 Japan Acrylonitrile Market, 2019 - 2022, Kilo Tonnes
TABLE 56 Japan Acrylonitrile Market, 2023 - 2030, Kilo Tonnes
TABLE 57 Japan Acrylonitrile Market by Application, 2019 - 2022, USD Million
TABLE 58 Japan Acrylonitrile Market by Application, 2023 - 2030, USD Million
TABLE 59 Japan Acrylonitrile Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 60 Japan Acrylonitrile Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 61 India Acrylonitrile Market, 2019 - 2022, USD Million
TABLE 62 India Acrylonitrile Market, 2023 - 2030, USD Million
TABLE 63 India Acrylonitrile Market, 2019 - 2022, Kilo Tonnes
TABLE 64 India Acrylonitrile Market, 2023 - 2030, Kilo Tonnes
TABLE 65 India Acrylonitrile Market by Application, 2019 - 2022, USD Million
TABLE 66 India Acrylonitrile Market by Application, 2023 - 2030, USD Million
TABLE 67 India Acrylonitrile Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 68 India Acrylonitrile Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 69 South Korea Acrylonitrile Market, 2019 - 2022, USD Million
TABLE 70 South Korea Acrylonitrile Market, 2023 - 2030, USD Million
TABLE 71 South Korea Acrylonitrile Market, 2019 - 2022, Kilo Tonnes
TABLE 72 South Korea Acrylonitrile Market, 2023 - 2030, Kilo Tonnes
TABLE 73 South Korea Acrylonitrile Market by Application, 2019 - 2022, USD Million
TABLE 74 South Korea Acrylonitrile Market by Application, 2023 - 2030, USD Million
TABLE 75 South Korea Acrylonitrile Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 76 South Korea Acrylonitrile Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 77 Australia Acrylonitrile Market, 2019 - 2022, USD Million
TABLE 78 Australia Acrylonitrile Market, 2023 - 2030, USD Million
TABLE 79 Australia Acrylonitrile Market, 2019 - 2022, Kilo Tonnes
TABLE 80 Australia Acrylonitrile Market, 2023 - 2030, Kilo Tonnes
TABLE 81 Australia Acrylonitrile Market by Application, 2019 - 2022, USD Million
TABLE 82 Australia Acrylonitrile Market by Application, 2023 - 2030, USD Million
TABLE 83 Australia Acrylonitrile Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 84 Australia Acrylonitrile Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 85 Malaysia Acrylonitrile Market, 2019 - 2022, USD Million
TABLE 86 Malaysia Acrylonitrile Market, 2023 - 2030, USD Million
TABLE 87 Malaysia Acrylonitrile Market, 2019 - 2022, Kilo Tonnes
TABLE 88 Malaysia Acrylonitrile Market, 2023 - 2030, Kilo Tonnes
TABLE 89 Malaysia Acrylonitrile Market by Application, 2019 - 2022, USD Million
TABLE 90 Malaysia Acrylonitrile Market by Application, 2023 - 2030, USD Million
TABLE 91 Malaysia Acrylonitrile Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 92 Malaysia Acrylonitrile Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 93 Rest of Asia Pacific Acrylonitrile Market, 2019 - 2022, USD Million
TABLE 94 Rest of Asia Pacific Acrylonitrile Market, 2023 - 2030, USD Million
TABLE 95 Rest of Asia Pacific Acrylonitrile Market, 2019 - 2022, Kilo Tonnes
TABLE 96 Rest of Asia Pacific Acrylonitrile Market, 2023 - 2030, Kilo Tonnes
TABLE 97 Rest of Asia Pacific Acrylonitrile Market by Application, 2019 - 2022, USD Million
TABLE 98 Rest of Asia Pacific Acrylonitrile Market by Application, 2023 - 2030, USD Million
TABLE 99 Rest of Asia Pacific Acrylonitrile Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 100 Rest of Asia Pacific Acrylonitrile Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 101 Key Information – INEOS Group Holdings S.A.
TABLE 102 Key Information – Sumitomo Chemical Co., Ltd.
TABLE 103 Key Information – China Petrochemical Development Corporation
TABLE 104 Key Information – Asahi Kasei Advance Corporation
TABLE 105 KEY INFORMATION – MITSUBISHI CHEMICAL HOLDINGS CORPORATION
TABLE 106 Key Information – Ascend Performance Materials
TABLE 107 Key Information – AnQore
TABLE 108 Key Information – Formosa Plastics Group
TABLE 109 Key Information – TAEKWANG Industrial Co., ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Acrylonitrile Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting acrylonitrile market
FIG 4 Porter’s Five Force Analysis: Acrylonitrile Market
FIG 5 Asia Pacific Acrylonitrile Market share by Application, 2022
FIG 6 Asia Pacific Acrylonitrile Market share by Application, 2030
FIG 7 Asia Pacific Acrylonitrile Market by Application, 2019 - 2030, USD Million
FIG 8 Asia Pacific Acrylonitrile Market share by Country, 2022
FIG 9 Asia Pacific Acrylonitrile Market share by Country, 2030
FIG 10 Asia Pacific Acrylonitrile Market by Country, 2019 - 2030, USD Million
FIG 11 Recent strategies and developments: INEOS GROUP HOLDINGS S.A.
FIG 12 SWOT Analysis: INEOS GROUP HOLDINGS S.A.
FIG 13 Swot Analysis: Sumitomo Chemical Co., Ltd.
FIG 14 SWOT Analysis: China Petrochemical Development Corporation
FIG 15 SWOT Analysis: Asahi Kasei Advance Corporation
FIG 16 SWOT Analysis: Mitsubishi Chemical Holdings Corporation
FIG 17 SWOT Analysis: Ascend Performance Materials LLC
FIG 18 SWOT Analysis: AnQore
FIG 19 SWOT Analysis: Formosa Plastics Group
FIG 20 SWOT Analysis: TAEKWANG Industrial Co., ltd.