Acrylonitrile Global Market Report 2025

Acrylonitrile is an organic compound represented by the formula CH2CHCN. It is a toxic, colorless, pale-yellow liquid. Acrylonitrile serves as a crucial raw material in the production of acrylic and modacrylic fibers. Additionally, it finds essential applications in the manufacturing of plastics such as acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN), nitrile rubbers, nitrile barrier resins, adiponitrile, and acrylamide.

The main applications of acrylonitrile span across various sectors, including acrylic fiber, adiponitrile, styrene-acrylonitrile, acrylonitrile butadiene styrene, acrylamide, carbon fiber, nitrile rubber, and others. Acrylic fibers, derived from acrylonitrile, are soft, stretchy, and result in lightweight, lofty yarns. Used as a substitute for wool in clothing and carpets, acrylic fiber is known for its flexibility and adaptability, producing fluffy and light yarns with characteristics resembling wool. End-users of acrylonitrile include the automotive, electrical and electronics, construction, packaging, and other industries.

The acrylonitrile market research report is one of a series of new reports from The Business Research Company that provides acrylonitrile market statistics, including acrylonitrile industry global market size, regional shares, competitors with an acrylonitrile market share, detailed acrylonitrile market segments, market trends and opportunities, and any further data you may need to thrive in the acrylonitrile industry. This acrylonitrile market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The acrylonitrile market size has grown strongly in recent years. It will grow from $14.49 billion in 2024 to $15.25 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to demand from automotive industry, rise in petrochemical industry, environmental awareness, investment in research & development, infrastructure development.

The acrylonitrile market size is expected to see strong growth in the next few years. It will grow to $20.06 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to circular economy initiatives, market digitization, global trade dynamics, increasing demand for consumer appliances, rising demand for plastics. Major trends in the forecast period include bio-based acrylonitrile, sustainable production, technological advancements, innovation in blended materials, energy efficiency.

The expanding textile and apparel industries are anticipated to drive the future growth of the acrylonitrile market. The market is responding to the growing need for acrylic fibers within the garment, textile, and other related sectors. For instance, reports shared by the India Brand Equity Foundation (IBEF) in April 2022 highlighted a substantial year-on-year (YoY) increase in handcrafted exports from India between April and September 2021. This upward trend suggests a surge in industry participation aimed at promoting handicraft products in international markets. Additionally, projections indicate a potential increase in India's cotton production to 7.2 million tons by 2030, responding to rising consumer demand for textile and apparel products.

The increasing construction activities are anticipated to drive the growth of the acrylonitrile market in the future. Construction activities encompass the various tasks and operations involved in building, renovating, or erecting structures such as buildings, infrastructure, and facilities. Acrylonitrile is utilized in the production of polyvinyl chloride (PVC) pipes and fittings, as well as in the construction of insulating walls, roofs, and floors in buildings. For example, in July 2024, the US Census Bureau, a government agency in the United States, reported that the value of construction operations increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Thus, the rise in construction activities is propelling the growth of the acrylonitrile market.

Major companies operating in the acrylonitrile market are focusing on innovating products, such as the Invireo TM, to provide reliable services to customers. InvireoTM is used as an acrylonitrile that delivers a significant carbon footprint reduction compared to traditional fossil acrylonitrile. For instance, in June 2023, INEOS Nitriles, a UK-based manufacturer of petrochemicals, launched InvireoTM. Invireo TM is a bio-attributed product line for acrylonitrile, which is produced from sustainable feedstock's. InvireoTM reduces the carbon footprint of the end product by more than 90%.

Major companies operating in the acrylonitrile market are focusing on innovating products, such as ABS 4125 UL (Acrylonitrile Butadiene Styrene), to provide reliable services to customers. ABS 4125 UL (Acrylonitrile Butadiene Styrene) is a sustainable product with a high post-consumer recycled content of 95% or more. For instance, in June 2023, MBA Polymers UK Ltd., a UK-based recycling company, launched ABS 4125 UL. ABS 4125 UL is a post-consumer recycled acrylonitrile-butadiene-styrene copolymer that is designed for applications requiring higher impact strength. It is used in electronics, automotive manufacturing, and consumer goods.

In November 2022, Asahi Kasei, a Japan-based Chemicals company, acquired ISCC PLUS for undisclosed amount. The acquisition enables Oriental Asahi Kasei to several products is to enhance its commitment to sustainability and the carbon-neutral material value chain. ISCC PLUS is a Japan-based Certification company, that want to prove that their raw materials come from sustainable sources.

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.

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 analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the acrylonitrile market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The acrylonitrile market consists of sales of acrylonitrile that is used in the manufacture of modacrylic fibers in textiles industry. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Acrylonitrile Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on acrylonitrile market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for acrylonitrile ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The acrylonitrile market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered: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
• Companies Mentioned: INEOS Group Limited; Asahi Kasei Corporation; Mitsubishi Chemical Corporation; Chemelot Campus; Lukoil
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.