Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

How has the acrylonitrile market grown over the years?

In recent times, the acrylonitrile market has seen significant expansion. The market valuation is set to rise from $14.49 billion in 2024 to $15.25 billion in 2025, marking a compound annual growth rate (CAGR) of 5.2%. Factors contributing to this growth during the historical phase include heightened demand from the automobile sector, expansion of the petrochemical industry, growing environmental consciousness, investment in research and development, and infrastructural development.

What Is the forecasted market size and growth rate for the acrylonitrile market?

In the upcoming years, the acrylonitrile market is projected to experience significant expansion. The market is anticipated to soar to $20.06 billion in 2029 with a compound annual growth rate (CAGR) of 7.1%. Factors contributing to the growth throughout the forecast period include initiatives around the circular economy, digitization of the market, shifts in global trade, increased demand for consumer appliances, and a surge in the need for plastics. Key market trends during this period include bio-based acrylonitrile, sustainable production practices, advancements in technology, innovations in blended materials, and energy efficiency.

Get your acrylonitrile market report here!

https://www.thebusinessresearchcompany.com/report/acrylonitrile-global-market-report

What are the major factors driving growth in the acrylonitrile market?

The acrylonitrile market’s expansion is projected to be fueled by the growing textile and apparel industries. This industry is bifurcated into two principal sections; generating textiles and fabrics from raw materials, and transforming these materials into clothes and various accessories. The development of the textile, garment, and other sectors, is stimulating the need for acrylic fibers, consequently boosting the demand for acrylonitrile. For example, as reported by the India Brand Equity Foundation (IBEF), a government export promotion agency of India, in April 2022, handcrafted exports from India achieved $2.13 billion from April 2021 to September 2021, reflecting a 60.34% YoY growth owing to increased engagement of industry participants in advancing handicraft items in global markets. Furthermore, India’s cotton production is anticipated to hit 7.2 million tons (or 43 million bales of 170 kg each) by 2030, propelled by escalating consumer demand. As a result, the burgeoning textile and apparel sectors are propelling the acrylonitrile market’s growth.

What key areas define the segmentation of the global acrylonitrile Market?

The acrylonitrile market covered in this report is segmented –

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

Subsegments:

1) By Acrylic Fiber: Textiles, Industrial Uses

2) By Adiponitrile: Nylon Production, Polymer Intermediates

3) By Styrene Acrylonitrile (SAN): Packaging, Consumer Goods

4) By Acrylonitrile Butadiene Styrene (ABS): Automotive Components, Electronics, Consumer Goods

5) By Acrylamide: Water Treatment Chemicals, Soil Stabilizers, Other Industrial Applications

6) By Carbon Fiber: Aerospace and Aviation, Automotive, Sports Equipment

7) By Nitrile Rubber: Automotive Seals and Hoses, Disposable Gloves, Gaskets and O-Rings

8) By Other Applications: Adhesives, Coatings, Specialty Chemicals

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=7616&type=smp

What are the top market players propelling the growth of the acrylonitrile industry?

Major companies operating in the acrylonitrile market include INEOS Group Limited, Asahi Kasei Corporation, Mitsubishi Chemical Corporation, Chemelot Campus, Lukoil, Lenntech B.V., Sumitomo Chemical Company Limited, Ascend Performance Materials LLC, Taekwang Industrial Co. Ltd., Repsol S.A., China Petroleum & Chemical Corporation (Sinopec), Solvay S.A., Shanghai Secco Petrochemical Company Limited, Formosa Plastics Corporation, LUC Group, Taixing Yangzi River Petrochemical Co. Ltd., CNPC Jilin Chemical Group, Reliance Industries Limited, Lotte Chemical Corporation, Toray Industries Inc., Thai Acrylic Fiber Co. Ltd., Gihi Chemicals Co., Blackwell Plastics, CHIMEI, Zibo Qixiang Tengda Chemical Co. Ltd., CPDC (Chang Chun Plastics Co. Ltd.), LG Chem, Krada CPS Industry S.L, Nanjing Chemical Material Corp.

What are the key trends shaping the future of the acrylonitrile market?

Leading firms in the acrylonitrile market are prioritizing product innovation, exemplified by efforts like the creation of Invireo TM, to deliver dependable services to their clientele. InvireoTM serves as an acrylonitrile source, offering a substantial reduction in carbon emissions when compared with standard fossil acrylonitrile. To illustrate, INEOS Nitriles, a UK-based petrochemical manufacturing company, introduced InvireoTM in June 2023. Invireo TM, a bio-attributed acrylonitrile product line, is derived from sustainable feedstock and curtails the carbon footprint of the finished product by over 90%.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7616

What regions are dominating the acrylonitrile market growth?

Asia-Pacific was the largest region in the acrylonitrile market in 2024. North America was the second-largest region in the acrylonitrile market. The regions covered in the acrylonitrile market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Browse Through More Similar Reports By The Business Research Company:

Automotive Plastics Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/automotive-plastics-global-market-report

Styrene Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/styrene-global-market-report

Thermoforming Plastic Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/thermoforming-plastic-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: