The Acrylonitrile Market is Predict to reach $13.1 Billion by 2030, at a CAGR of 1.6%

Acrylonitrile Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Acrylonitrile Market size is expected to reach $13.1 billion by 2030, rising at a market growth of 1.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 5,901.9 Kilo Tonnes, experiencing a growth of 1.4% (2019-2022).

The Acrylic Fiber segment is showcasing a CAGR of 1.3% during (2023 - 2030). Acrylic fiber is produced through the polymerization of acrylonitrile, a petrochemical compound. The process involves several steps, including polymerization, spinning, and finishing. Acrylic textiles are known for their warmth, softness, and wool-like texture. They are often used as a substitute for wool in textiles due to their similar properties. Acrylic fibers are also resistant to sunlight, mildew, and many chemicals. Acrylic fibers have a wide range of applications, including textiles (clothing, blankets, upholstery), industrial applications (such as filtration media and ropes), and, in some cases, as a component in carbon fiber production. Trends influence the demand for acrylic fiber in the textile and apparel industry.

The Asia Pacific region dominated the Global Acrylonitrile Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $7.5 billion by 2030. The North America market is poised to grow at a CAGR of 1.3% during (2023 - 2030). Additionally, The Europe market would witness a CAGR of 1.3% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/acrylonitrile-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Acrylonitrile Market Segmentation

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 Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• 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.

Related Reports:

North America Acrylonitrile Market Size & Forecast to 2030

• September-2023
• 105 Pages

LAMEA Acrylonitrile Market Size, Share & Trends, 2023-2030

• September-2023
• 117 Pages

Europe Acrylonitrile Market Size & Share, Growth to 2030

• September-2023
• 115 Pages

Asia Pacific Acrylonitrile Market Size Report to 2023-2030

• September-2023
• 118 Pages