Precision Business Insights has published a report on the global acrylonitrile market, estimating its value at USD 13,062.4 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 2.1% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/acrylonitrile-market
The acrylonitrile market is focused on the manufacturing and utilization of acrylonitrile, a volatile, colorless organic chemical derived principally from the ammoxidation of propylene. It is a crucial intermediary in the production of acrylic fibers, ABS and SAN resins, nitrile-butadiene rubber (NBR), and carbon fibers.
Drivers:
- Rising global infrastructure spending fuels demand for durable polymers and composites.
- Innovations in ammoxidation and alternative feedstocks are improving efficiency and reducing emissions.
The global acrylonitrile market segmentation:
1) By End Use: Automotive, Electrical & Electronics, Packaging, Construction & Others
2) By Application: Acrylic Fiber, Adiponitrile, Styrene acrylonitrile, ABS, Acrylamide, Carbon Fiber, Nitrile Rubber & Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the acrylonitrile market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the acrylonitrile market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like INEOS, Asahi Kasei Advance Corp, Mitsubishi Chemicals, SINOPEC, Ascend Performance Materials, Taekwang Industrial Co., Ltd., Secco, Chemelot, LUKOIL, Lenntech B.V., Sumitomo Chemical
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