We have produced a new premium report Acrylonitrile Market. The report covers the analysis of global as well as regional markets of Acrylonitrile. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of Acrylonitrile Market by end user (acrylic fibers, acrylonitrile butadiene styrene, polyacrylamide, nitrile butadiene rubber) through main geographies in the Global Market such as North America, Europe, Asia-Pacific and RoW. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the Acrylonitrile Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively.
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Increasing Demand from Consumer Appliances Industry is Likely to Drive the Global Acrylonitrile Market over the Forecast Period
The global acrylonitrile market was sized over USD xx billion in 2015. The global acrylonitrile market is projected to reach CAGR of 3.5% from 2017 to 2023. The global market for acrylonitrile is driven by rapid growth in construction industry primarily. Furthermore, rising demand from automotive industry in applications of acrylonitrile such as acrylonitrile butadiene styrene (ABS) and synthetic rubbers are anticipated to drive the growth of this market. However, use of low priced polyester fibers in replacement of acrylic fibers in the textile industry and feedstock shortage due to the growth in the shale gas production are the prime restraining factors to the growth of global acrylonitrile market. Nevertheless, rising demand for wastewater treatment and low per capita consumption of acrylonitrile products as well as more investment in automotive sector will bring more opportunities to the global acrylonitrile market over the forecast period.
Asia-Pacific is accounted for half of the Global Production Capacity as well as the Leader Consumption of Acrylonitrile Region in the Global Acrylonitrile Market
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, Latin America and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023.
The Asia Pacific market region is anticipated to grow at a highest CAGR over the forecast period due to dynamic economic development and increasing demand for electrical and electronic gadgets, house ware appliances and automobiles in India and China. Moreover, durable manufacturing base of electronics in China, Korea, Taiwan and Japan is likely to drive the demand and is expected to bring new opportunities for Acrylonitrile manufacturers in the Asia Pacific region. Furthermore, following Asia Pacific region Europe is anticipated to grow significantly due to a growth in automobile manufacturing. However, North America is also anticipated to grow significantly due to presence of pharmaceutical manufacturing industries.
Segments Covered in this premium Report:
The Report Segments the Global Acrylonitrile Market by End User and Region. The global acrylonitrile market is segmented on the basis of end users as acrylic fibers, acrylonitrile butadiene styrene (ABS), polyacrylamide (PAM), nitrile butadiene rubber (NBR) and others. Acrylonitrile butadiene styrene (ABS) sub-segments dominates the global acrylonitrile market due to rising demand from automotive sector and increasing investment in automotive sector.
The companies covered in the report include Ineos, Petro China, Asahi Chemicals, Asahi Kasei Corp., Mitsubishi Rayan Co., SINOPEC, Ascend Performance Materials, Formosa Plastics Corp., Taekwang Industrial Co., and Shanghai SECCO Petrochemical Co.