Acrylonitrile Market

• In June 2023, INEOS Nitriles launched its first bio-attributed product line for Acrylonitrile under the brand name InvireoTM. Produced at its advanced facility in Cologne, Germany, InvireoTM utilizes bio-attributed propylene instead of traditional fossil fuels. This innovative approach not only reduces greenhouse gas emissions but also conserves natural resources by incorporating renewable feedstock. INEOS has earned certifications from both the Roundtable on Sustainable Biomaterials (RSB) and the International Sustainability & Carbon Certification (ISCC Plus), underscoring its commitment to sustainability and environmental responsibility.

• In February 2023, Sumitomo Chemical achieved its inaugural ISCC PLUS certification for acrylonitrile production at its Ehime Works in Niihama, Ehime, Japan. This certification from the International Sustainability and Carbon Certification (ISCC) affirms the sustainable practices employed in its production processes.

In this report, The Acrylonitrile Market has been segmented by Purity, Distribution Sales, Application, End-Use Industry and Geography.

Acrylonitrile Market, Segmentation by Purity

The Acrylonitrile Market has been segmented by Purity into Purity into Upto 99% and Above 99%

Upto 99%

The upto 99% purity segment accounts for about 42% of demand. It is widely used in plastics, synthetic fibers, and industrial applications where ultra-pure grades are not required, making it cost-effective in emerging markets.

Above 99%

The above 99% purity category holds nearly 58% share. This high-purity grade is crucial for pharmaceuticals, adhesives, and premium polymers, with rising demand for high-quality materials boosting growth.

Acrylonitrile Market, Segmentation by Distribution Sales

The Acrylonitrile Market has been segmented by Distribution Sales into Direct Sales and Indirect Sales

Direct Sales

The direct sales segment represents nearly 55% of the acrylonitrile market. It is preferred by large-scale buyers in plastics and chemicals due to benefits like bulk procurement, long-term contracts, and stable supply chains.

Indirect Sales

The indirect sales channel covers around 45% of the market. It plays a vital role in serving smaller buyers through distributors and retailers, offering better regional accessibility and purchasing flexibility.

Acrylonitrile Market, Segmentation by Application

The Acrylonitrile Market has been segmented by Application into Acrylic Fiber, Acrylonitrile Butadiene Styrene (ABS), Polyacrylamide (PAM), Nitrile Butadiene Rubber(NBR) and Other Applications.

Acrylic Fiber

The acrylic fiber segment holds nearly 50% share of the acrylonitrile market. It is widely used in textiles, home furnishings, and industrial fabrics due to its durability and cost-effectiveness.

Acrylonitrile Butadiene Styrene (ABS)

The ABS segment accounts for about 25% of the market. It finds major applications in automotive, electronics, and consumer goods thanks to its impact resistance and versatility.

Polyacrylamide (PAM)

The polyacrylamide segment represents nearly 15% share. It is essential in water treatment, petroleum recovery, and papermaking, with growing demand from sustainability initiatives.

Nitrile Butadiene Rubber (NBR)

The NBR segment contributes around 7% of acrylonitrile use. It is widely used in gloves, hoses, seals, and other automotive components, driven by healthcare and vehicle demand.

Other Applications

Other applications make up roughly 3% of the market, including adhesives, coatings, and specialty chemicals, showing steady growth through technological innovation.

Acrylonitrile Market, Segmentation by End-Use Industry

The Acrylonitrile Market has been segmented by End-Use Industry into Automotive,Textiles,Electronics, Pharmaceuticals,Construction and Others.

Automotive

The automotive sector holds about 30% share of acrylonitrile demand. It is widely used in ABS plastics for dashboards, trims, and components, driven by rising vehicle production.

Textiles

The textiles segment contributes nearly 25% share. Acrylonitrile is essential for acrylic fibers in clothing, upholstery, and industrial fabrics, especially in Asia-Pacific.

Electronics

The electronics industry accounts for about 15% of market demand. It is applied in circuit boards, casings, and connectors, supported by growth in consumer electronics.

Pharmaceuticals

The pharmaceutical segment represents around 10% share. Acrylonitrile is used for medical plastics, intermediates, and resins, with demand boosted by healthcare investments.

Construction

The construction industry contributes nearly 12%. Its demand comes from adhesives, coatings, sealants, and piping materials, supported by urban infrastructure projects.

Others

Other industries make up about 8% of demand. These include specialty chemicals, packaging, and coatings, showing steady but smaller-scale growth.

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 & Africa and Latin America.

Acrylonitrile Market Share (%), by Geographical Region

North America

The North American market holds about 22% share. Demand is driven by automotive, textiles, and construction, supported by advanced manufacturing industries.

Europe

Europe represents nearly 20% of global demand. Growth comes from automotive production, pharmaceuticals, and specialty chemicals, influenced by strict sustainability regulations.

Asia Pacific

The Asia Pacific region dominates with over 40% share. Major markets like China, India, and Japan drive demand through textiles, automotive, and electronics manufacturing.

Middle East & Africa

Middle East & Africa contribute about 8%. Growth is fueled by construction, infrastructure expansion, and industrial applications.

Latin America

Latin America accounts for nearly 10%. Countries such as Brazil and Mexico lead demand in automotive, textiles, and packaging sectors.

This report provides an in depth analysis of various factors that impact the dynamics of Global Acrylonitrile Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers

• Demand in Automotive Industry
• Growth in Construction Sector
• Increasing Fiber Consumption
• Petrochemical Industry Expansion

• 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

• 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

• 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.

Key players in Global Acrylonitrile Market include:

• INEOS
• Asahi Kasei
• Ascend Performance Materials
• Sinopec
• Formosa Plastics Corporation
• Sumitomo Chemical
• Reliance Industries Limited
• Mitsubishi Chemical Corporation
• PetroChina
• INEOS Styrolution

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis