The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global acrylonitrile market has witnessed a substantial surge, growing from $13.13 billion in 2022 to $13.84 billion in 2023, reflecting a commendable compound annual growth rate (CAGR) of 5.4%. As we delve into the market dynamics, it’s intriguing to explore the factors steering this growth and the anticipated trajectory.

Textile and Apparel Industries Fueling Growth
The textile and apparel industries stand as prominent drivers behind the expanding footprint of the acrylonitrile market. These industries encompass two pivotal segments – the production of textiles and fabrics from raw materials and the transformation of these materials into an array of clothing and accessories. The surge in demand for acrylic fibers, attributed to the robust expansion of textile, garment, and related sectors, is a key factor propelling the demand for acrylonitrile. A notable example is the significant growth in handcrafted exports from India, reaching $2.13 billion between April 2021 and September 2021, marking a 60.34% YoY increase. The promotion of handicraft products in international markets has contributed to this remarkable growth. Additionally, India’s projected cotton production of 7.2 million tons by 2030 further underscores the role of the textile and apparel industries in driving the acrylonitrile market.

Market Players at the Helm
Major players are steering the course of the acrylonitrile market. Notable names include Ineos, Asahi Kasei, Mitsubishi Chemicals, Lukoil, and others, each playing a pivotal role in shaping the industry landscape. These entities are not only market leaders but also influencers of trends and innovation in the acrylonitrile sector.

Product Innovations Taking Center Stage
Innovation stands tall as a key trend in the acrylonitrile market, with companies focusing on introducing cutting-edge products to maintain and enhance their market positions. A case in point is the strategic move by BigRep, a German 3D printing and manufacturing company. In August 2020, they launched advanced ABS (acrylonitrile butadiene styrene) and ASA (acrylonitrile styrene acrylate) materials. These materials offer versatility, impact resistance, and sustainability. The advanced ABS, in particular, boasts special mechanical properties, high temperature- and warping-resistance, making it suitable for diverse applications such as mobility and consumer appliances.

Segmentation Insight
The global acrylonitrile market is meticulously segmented based on applications and end-users:

1. By Application:
   • Acrylic Fiber
   • Adiponitrile
   • Styrene Acrylonitrile
   • Acrylonitrile Butadiene Styrene
   • Acrylamide
   • Carbon Fiber
   • Nitrile Rubber
   • Other Applications
2. By End User:
   • Automotive
   • Electrical & Electronics
   • Construction
   • Packaging
   • Other End Users

Regional Dominance: Asia-Pacific
In 2022, Asia-Pacific emerged as the largest region in the acrylonitrile market. The region’s dominance is indicative of the robust market presence and significant contribution to the overall growth. This highlights the importance of keeping a keen eye on the developments in this region to understand the pulse of the acrylonitrile market.

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The Acrylonitrile Global Market Report 2023  provides an overview of the Acrylonitrile market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The Acrylonitrile market forecast analyzes Acrylonitrile market size, Acrylonitrile market share, leading competitor and their market positions.

The Table Of Content For The Acrylonitrile Market Include:
1. Acrylonitrile Market Executive Summary
2. Acrylonitrile Market Segments
3. Acrylonitrile Market Size And Acrylonitrile Market Growth Rate
4. Key Acrylonitrile Market Trends
5. Major Acrylonitrile Market Drivers
……
25. Key Mergers And Acquisitions In The Acrylonitrile Market
26. Top Acrylonitrile Companies
27. Acrylonitrile Market Opportunities And Strategies
28. Acrylonitrile Market, Conclusions And Recommendations
29. Appendix

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