Acrylonitrile Market
By Process Technology;
Ammoxidation Process and OthersBy Application;
Acrylic Fiber, Acrylonitrile Butadiene Styrene (ABS)/Styrene-Acrylonitrile Resin (SAN), Acrylamide, Nitrile-Butadiene Rubber and OthersBy End-User Industry;
Automotive & Transportation, Construction & Infrastructure, Electrical & Electronics, Textiles & Apparel and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Acrylonitrile Market Overview
Acrylonitrile Market (USD Million)
Acrylonitrile Market was valued at USD 9,587.10 million In the year 2024, the Global. The size of this market is expected to increase to USD 13,134.36 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.6%.
Acrylonitrile Market
*Market size in USD million
CAGR 4.6 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 4.6 % |
| Market Size (2024) | USD 9,587.10 Million |
| Market Size (2031) | USD 13,134.36 Million |
| Market Concentration | High |
| Report Pages | 382 |
Major Players
- INEOS
- Asahi Kasei
- Ascend Performance Materials
- Sinopec
- Formosa Plastics Corporation
- Sumitomo Chemical
- Reliance Industries Limited
- Mitsubishi Chemical Corporation
- PetroChina
- INEOS Styrolution
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Acrylonitrile Market
Fragmented - Highly competitive market without dominant players
The Acrylonitrile market has become a crucial part of the global chemical industry due to its extensive applications in synthetic fibers, resins, and plastics. The market has witnessed consistent demand growth, with usage across multiple end-user industries increasing by over 35%. Its role as a primary raw material for acrylonitrile butadiene styrene (ABS) and acrylic fibers makes it a cornerstone of industrial manufacturing.
Key Market Dynamics
One of the defining factors in this market is the rising demand for lightweight and durable materials. Around 40% of acrylonitrile production is directed toward creating high-strength polymers that serve sectors like automotive, construction, and textiles. The industry continues to evolve with a push for materials that enhance performance while maintaining cost efficiency.
Demand Drivers
The Acrylonitrile market is driven primarily by its versatility and efficiency in downstream applications. Over 25% of the material finds application in nitrile rubber, which is essential in gloves, seals, and hoses. The growing emphasis on safety, hygiene, and performance has led to a sharp rise in nitrile rubber demand, directly boosting acrylonitrile consumption.
Technological Advancements
Advancements in production technologies have played a significant role in shaping the market. The adoption of over 20% energy-efficient manufacturing processes has reduced costs and environmental impact. These developments are also enabling companies to improve yield rates, making acrylonitrile production more sustainable and competitive in the chemical sector.
Future Outlook
The market outlook remains promising, with projections highlighting a sustained growth trajectory supported by consistent demand. More than 30% of end-use sectors are anticipated to increase their dependency on acrylonitrile-based products. Continuous innovation in applications and efficiency improvements is expected to reinforce the material’s importance in industrial ecosystems.
Acrylonitrile Market Key Takeaways
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The Acrylonitrile Market is expanding due to its widespread use in the production of acrylic fibers, plastics, and rubber, which are key components in industries such as textiles, automotive, and electronics.
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The market is being driven by the increasing demand for synthetic fibers in the textile industry, as well as the growth of the automotive industry, where acrylonitrile is used in the manufacturing of durable and lightweight parts.
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As global demand for energy-efficient materials rises, acrylonitrile is becoming an essential ingredient in composite materials used in automotive and aerospace applications due to its high strength and lightweight properties.
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With the increasing focus on sustainability and the reduction of environmental impact, the acrylonitrile market is seeing a rise in demand for bio-based and recycled acrylonitrile alternatives to meet the growing eco-conscious consumer preferences.
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Technological innovations in the production process of acrylonitrile are enhancing its cost-effectiveness and energy efficiency, making it a more attractive option for manufacturers seeking high-performance materials at competitive prices.
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The market is benefiting from the growing demand for plastics and synthetic materials in various consumer goods, particularly in electronics, packaging, and construction, where acrylonitrile-based materials offer durability and versatility.
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The acrylonitrile market is expected to continue growing as its applications expand in emerging industries such as solar panels, battery technologies, and water filtration systems, contributing to the increasing demand for this versatile chemical.
Acrylonitrile Market Recent Developments
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In June 2023, INEOS Nitriles introduced its first bio-attributed acrylonitrile line, offering a more sustainable manufacturing solution. This innovation is designed to significantly reduce greenhouse gas emissions, reinforcing the company’s commitment to advancing eco-friendly chemical production.
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In May 2025, Ascend commenced the production of high-purity acrylonitrile at its Chocolate Bayou facility, leveraging advanced purification technology. This development enhances both operational efficiency and product quality, strengthening the company’s position in sustainable chemical manufacturing.
Acrylonitrile Market Segment Analysis
In this report, the Acrylonitrile Market has been segmented by Process Technology, Application, End-User Industry and Geography.
Acrylonitrile Market, Segmentation by Process Technology
The Process Technology segmentation highlights production routes used to achieve high-purity acrylonitrile with consistent yields and optimized economics. Manufacturers focus on catalyst performance, feedstock efficiency, and by-product recovery to lower operational costs and minimize emissions. Advances in reactor design, process control, and energy integration continue to strengthen the competitive edge of established technologies while encouraging sustainability-focused improvements.
Ammoxidation Process
The Ammoxidation Process dominates global production, converting propylene, ammonia, and air into acrylonitrile through catalytic oxidation. This technology offers proven scalability, high selectivity, and economic viability, supporting major petrochemical complexes worldwide. Ongoing R&D targets improved catalyst longevity, reduced waste, and better integration with propylene value chains to meet tightening environmental and cost efficiency standards.
Others
Other processes include emerging biobased and alternative feedstock pathways, such as bio-propylene and glycerol-derived routes. These aim to reduce carbon intensity and dependence on fossil inputs. Although at an early stage, pilot-scale efforts show potential for competitive economics as renewable propylene supply and green chemistry innovations progress in the long term.
Acrylonitrile Market, Segmentation by Application
The Application segmentation underscores the wide industrial relevance of acrylonitrile as a feedstock for polymers, fibers, and elastomers. Demand is driven by the need for durability, chemical resistance, and lightweight materials in downstream industries. Trends favor substitution of heavier or less efficient materials, boosting consumption in structural and consumer product applications. Producers tailor purity, monomer quality, and logistics to serve diverse polymerization and compounding operations globally.
Acrylic Fiber
Acrylic Fiber production remains a significant consumer of acrylonitrile, transforming it into fibers that emulate wool-like texture and provide excellent thermal insulation. The segment benefits from steady demand in textiles & apparel and home furnishings, particularly in Asia. Manufacturers emphasize consistent polymerization grade monomers, cost optimization, and dye uptake stability to ensure fabric performance and color retention.
Acrylonitrile Butadiene Styrene (ABS)/Styrene-Acrylonitrile Resin (SAN)
ABS/SAN resins are major outlets for acrylonitrile, offering strong impact resistance and surface finish for applications in automotive interiors, appliances, and electronics. Demand correlates with consumer product cycles and industrial design trends favoring durability and precision molding. Resin producers focus on controlled polymer ratios, feedstock consistency, and efficient recycling initiatives to support sustainable manufacturing goals.
Acrylamide
Acrylamide derived from acrylonitrile serves as a precursor to polyacrylamide, widely used in water treatment, enhanced oil recovery, and paper manufacturing. Growth aligns with infrastructure upgrades and stricter wastewater management standards. Producers enhance catalyst systems and purification stages to ensure environmental compliance and minimize by-product formation.
Nitrile-Butadiene Rubber
Nitrile-Butadiene Rubber (NBR) utilizes acrylonitrile for its oil resistance and mechanical resilience, essential for automotive and industrial seals. Fast-curing and high-acrylonitrile grades are increasingly employed to meet performance targets in harsh environments. Ongoing innovation focuses on blending technologies and low-temperature flexibility improvements for extended application reach.
Others
The Others category includes specialty chemicals, adhesives, and composite resins where acrylonitrile’s reactivity enhances crosslink density and toughness. Though smaller in share, these niches contribute to diversification and high-margin revenue streams. Producers develop custom formulations aligned with evolving performance and sustainability benchmarks.
Acrylonitrile Market, Segmentation by End-User Industry
The End-User Industry segmentation reflects broad adoption across automotive, electronics, construction, and textile value chains. Acrylonitrile-based derivatives enable lightweight engineering materials, durable coatings, and reliable insulation products. As industries pursue energy efficiency and carbon reduction, demand trends increasingly align with the transition toward sustainable and recyclable polymers.
Automotive & Transportation
Automotive & Transportation applications leverage ABS and NBR for high-strength, oil-resistant components and lightweight interiors. OEMs prioritize material consistency and recyclability, driving integrated sourcing of acrylonitrile derivatives. The segment’s growth follows the rise of electric vehicles and the expansion of lightweight component manufacturing to reduce emissions and improve efficiency.
Construction & Infrastructure
Construction & Infrastructure utilize acrylonitrile-derived plastics and resins in pipes, panels, coatings, and composites that deliver chemical durability and structural stability. Infrastructure modernization and urban expansion stimulate steady demand. Suppliers focus on product longevity, weather resistance, and compliance with evolving building material standards.
Electrical & Electronics
Electrical & Electronics industries depend on ABS and SAN for enclosures, circuit housings, and insulation parts that balance thermal stability and aesthetics. The growing consumer electronics and EV battery casings market enhance the role of high-purity acrylonitrile derivatives. Producers emphasize precision molding, UL certification, and flame-retardant formulations.
Textiles & Apparel
Textiles & Apparel remains a traditional yet evolving market, anchored in acrylic fiber production. The sector increasingly integrates sustainable dyeing and recycling systems to lower environmental footprint. Asia’s large textile base underpins steady consumption, while innovation in bio-based fibers supports diversification of feedstock sources.
Others
The Others segment covers industrial, adhesive, and specialty chemical users employing acrylonitrile in tailored polymer systems. Growth opportunities emerge from coating resins, filtration media, and additive manufacturing materials. Stakeholders pursue partnerships to develop novel performance polymers and expand regional production capacities.
Acrylonitrile Market, Segmentation by Geography
In this report, the Acrylonitrile Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America maintains stable acrylonitrile demand anchored in ABS resin and NBR production. Integration with propylene supply networks and technological modernization in existing facilities sustain competitiveness. Regulatory emphasis on emission control and sustainability drives adoption of cleaner catalysts and energy-efficient operations.
Europe
Europe prioritizes environmental compliance, circular material use, and energy efficiency in petrochemical operations. Acrylonitrile consumption is led by automotive, construction, and electrical industries. Regional producers explore renewable feedstock pilots while managing cost pressures from energy transition policies.
Asia Pacific
Asia Pacific is the largest and fastest-growing market, driven by high-volume fiber, ABS, and NBR production. China, Japan, and South Korea lead investment in integrated complexes and technological upgrades. Competitive advantages in feedstock availability and export infrastructure underpin regional dominance.
Middle East & Africa
Middle East & Africa benefits from petrochemical diversification programs and investments in downstream propylene derivatives. Growing industrialization supports demand in construction and infrastructure applications. Regional strategies emphasize cost leadership and expansion into polymer intermediates.
Latin America
Latin America demonstrates steady growth in ABS and acrylic fiber consumption, supported by the development of manufacturing clusters. Supply stability and trade integration remain focal points. Market participants target localized distribution and joint ventures to strengthen supply security and technology access.
Acrylonitrile Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Acrylonitrile Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers
- Demand in Automotive Industry
- Growth in Construction Sector
- Increasing Fiber Consumption
- Petrochemical Industry Expansion
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Rising Demand for ABS Resins: The global acrylonitrile market is witnessing increasing demand, primarily driven by the growing consumption of acrylonitrile butadiene styrene (ABS) resins. ABS resins are widely used in various industries due to their exceptional properties, including toughness, heat resistance, and chemical stability. These resins find extensive applications in automotive, electronics, construction, and consumer goods sectors. The automotive industry, in particular, utilizes ABS resins for manufacturing lightweight and durable components such as bumpers, interior trim, and instrument panels. With rising trends towards lightweighting and increasing safety standards in automotive design, the demand for ABS resins is expected to further escalate.
The electronics sector is another significant consumer of ABS resins, driven by the proliferation of consumer electronics and technological advancements. ABS resins are crucial in the production of casings, housings, and structural components for electronic devices, owing to their ability to withstand high impact and provide aesthetic appeal. As consumer electronics continue to evolve with demands for sleek design and robust functionality, the demand for ABS resins is poised to grow steadily. Overall, the global acrylonitrile market is set to expand as manufacturers seek versatile materials like ABS resins to meet diverse industrial needs and consumer preferences.
Restraints
- Fluctuating Raw Material Prices
- Environmental Regulations Impact
- Volatile Global Economy
- Technological Challenges
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Competition from Substitutes: The global acrylonitrile market faces significant competition from substitutes primarily due to the versatility and availability of alternative materials. Acrylonitrile, a key component in the production of acrylic fibers, resins, and plastics, competes with substitutes such as polyester fibers, which offer similar properties of durability and strength. Polyester's widespread use in textiles and packaging applications presents a formidable challenge to acrylonitrile-based products in these markets.
The production of plastics and resins, acrylonitrile competes with styrene and polyethylene, which are widely utilized for their cost-effectiveness and ease of processing. The market dynamics are also influenced by environmental considerations, with growing demand for eco-friendly alternatives such as biodegradable plastics and sustainable fibers posing a long-term challenge to acrylonitrile-based products. Therefore, while the acrylonitrile market continues to expand driven by industrial applications, competition from substitutes remains a crucial factor shaping its growth trajectory.
Opportunities
- Emerging Markets Expansion
- Innovations in Production Techniques
- Sustainable Acrylonitrile Solutions
- Increased R&D Investments
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Strategic Partnerships: Strategic partnerships play a pivotal role in shaping the dynamics of the global acrylonitrile market. Acrylonitrile, a key chemical used primarily in the production of acrylic fibers, acrylonitrile-butadiene-styrene (ABS) resins, and styrene-acrylonitrile (SAN) resins, requires a robust supply chain and collaborative efforts across the industry. Strategic partnerships often involve alliances between manufacturers and raw material suppliers to ensure consistent feedstock availability and stable production. These partnerships are crucial in navigating price volatility and supply chain disruptions, offering resilience to market fluctuations and enhancing operational efficiencies.
Strategic collaborations also focus on technological advancements and product innovation. Companies often join forces to develop new applications and improve manufacturing processes, driving sustainability and regulatory compliance initiatives. Such partnerships facilitate the adoption of greener technologies, reducing environmental impact through innovative production methods and waste reduction strategies. Additionally, partnerships in research and development enable companies to stay ahead in a competitive market by continuously improving product quality, meeting stringent regulatory standards, and expanding market reach through joint marketing and distribution efforts. As the global demand for acrylonitrile continues to grow, strategic partnerships will remain instrumental in fostering industry growth and sustainability.
Acrylonitrile Market Competitive Landscape Analysis
Acrylonitrile Market is witnessing increasing competition as chemical manufacturers focus on innovation, production expansion, and strategic collaboration with downstream industries. Nearly 63% of the market share is held by established players, while smaller firms emphasize specialty grades and regional supply. Strategic partnerships and selective merger initiatives are enhancing capacity and driving long-term growth across plastics, fibers, and synthetic rubber applications.
Market Structure and Concentration
The market reflects moderate consolidation, with around 65% of production controlled by top chemical companies. Larger players adopt advanced strategies in large-scale manufacturing, supply chain integration, and high-performance grades, while smaller firms focus on niche applications. Rising merger activity and R&D collaboration are increasing concentration, ensuring sustained growth across multiple sectors.
Brand and Channel Strategies
Close to 56% of sales are driven through direct contracts with polymer and fiber manufacturers, while distributors handle regional and specialty demand. Branding strategies emphasize purity, consistency, and regulatory compliance. Strong partnerships with end-use industries and digital collaboration platforms are expanding market reach and supporting consistent growth.
Innovation Drivers and Technological Advancements
More than 52% of producers invest in R&D for innovation in bio-based acrylonitrile, improved synthesis processes, and high-purity grades. Technological improvements in process efficiency and waste reduction are redefining production standards. Strategic collaboration with research institutes and chemical firms accelerates innovation, ensuring long-term growth in both industrial and consumer applications.
Regional Momentum and Expansion
Asia Pacific accounts for nearly 47% of the acrylonitrile market, driven by industrialization and rising demand from polymers and synthetic fibers. North America and Europe show steady growth through efficiency-focused strategies and high-end manufacturing, while Middle East and Latin America reflect emerging expansion opportunities. Regional partnerships and localized production enhance global competitiveness.
Future Outlook
The acrylonitrile industry is projected to sustain robust growth, with over 61% of stakeholders anticipating greater consolidation. Rising merger initiatives, continuous product innovation, and enhanced collaboration with downstream industries will shape competitiveness. Long-term expansion into bio-based and high-performance applications ensures a progressive future outlook for this market.
Key players in Acrylonitrile Market include:
- INEOS
- Asahi Kasei Corporation
- Ascend Performance Materials
- Sinopec / China Petrochemical Corporation
- Mitsubishi Chemical Corporation
- Sumitomo Chemical Co., Ltd.
- Formosa Plastics Corporation
- Taekwang Industrial Co., Ltd.
- Jiangsu Sailboat / Sierbang Petrochemical
- Reliance Industries Limited
- LUKOIL
- Solvay
- DSM / AnQore (DSM / AnQore joint / derivatives)
- Repsol
- Shanghai SECCO Petrochemical Co. Ltd.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Process Technology
- Market Snapshot, By Application
- Market Snapshot, By End User Industry
- Market Snapshot, By Region
- Acrylonitrile Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Demand in Automotive Industry
- Growth in Construction Sector
- Increasing Fiber Consumption
- Petrochemical Industry Expansion
- Rising Demand for ABS Resins
- Restraints
- Fluctuating Raw Material Prices
- Environmental Regulations Impact
- Volatile Global Economy
- Technological Challenges
- Competition from Substitutes
- Opportunities
- Emerging Markets Expansion
- Innovations in Production Techniques
- Sustainable Acrylonitrile Solutions
- Increased R&D Investments
- Strategic Partnerships
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Acrylonitrile Market, By Process Technology, 2021 - 2031 (USD Million)
- Ammoxidation Process
- Others
- Acrylonitrile Market, By Application, 2021 - 2031 (USD Million)
- Acrylic Fiber
- Acrylonitrile Butadiene Styrene (ABS)/Styrene-Acrylonitrile Resin (SAN)
- Acrylamide
- Nitrile-Butadiene Rubber
- Others
- Acrylonitrile Market, By End-User Industry, 2021 - 2031 (USD Million)
- Automotive & Transportation
- Construction & Infrastructure
- Electrical & Electronics
- Textiles & Apparel
- Others
- Acrylonitrile Market, By Geography,2021 - 2031USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Acrylonitrile Market, By Process Technology, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- INEOS
- Asahi Kasei Corporation
- Ascend Performance Materials
- Sinopec / China Petrochemical Corporation
- Mitsubishi Chemical Corporation
- Sumitomo Chemical Co., Ltd.
- Formosa Plastics Corporation
- Taekwang Industrial Co., Ltd.
- Jiangsu Sailboat / Sierbang Petrochemical
- Reliance Industries Limited
- LUKOIL
- Solvay
- DSM / AnQore (DSM / AnQore joint / derivatives)
- Repsol
- Shanghai SECCO Petrochemical Co. Ltd.
- Company Profiles
- Analyst Views
- Future Outlook of the Market

