Acrylonitrile Market 2021-2025 | COVID-19 Analysis, Drivers, Opportunities, and Trends | Technavio

NEW YORK, May 6, 2021 /PRNewswire/ — 
The acrylonitrile market is expected to grow…

NEW YORK, May 6, 2021 /PRNewswire/ — 

The acrylonitrile market is expected to grow by 1,005.68 thousand tons, progressing at a CAGR of over 3% during the forecast period. 

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The high demand for acrylonitrile from APAC is one of the major factors propelling the market growth. However, stringent regulations and health hazards caused by acrylonitrile might hamper the market growth.

Acrylonitrile Market: Application Landscape

Based on the application, the market witnessed maximum growth in the acrylonitrile butadiene styrene (ABS) and styrene-acrylonitrile (SAN) segment. The growth of the segment is driven by the increased use of ABS and SAN in applications such as instrument panels, pillar trim, dashboard components, door liners and handles, seatbacks, and seat belt components. The market growth in the segment will be significant during the forecast period.

Acrylonitrile Market: Geographic Landscape

By geography, APAC is going to have lucrative growth during the forecast period. About 64% of the market’s overall growth is expected to originate from APAC. The growth of the market in APAC is driven by the presence of leading automotive manufacturers in countries such as China, India, Japan, and South Korea. Also, the growing number of flocculant and coagulant manufacturers in China for water treatment will drive the demand for acrylonitrile in APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for acrylonitrile in APAC.

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Related Reports on Materials Include:

Global Acetonitrile Market
 – Global acetonitrile market is segmented by application (pharmaceuticals, analytical chemistry, agrochemicals, and others) and geography (APAC, North America, Europe, South America, and MEA).

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Global Acrylic Fibers Market – Global acrylic fibers market is segmented by type (staple and filament) and geography (APAC, North America, Europe, South America, and MEA).

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Companies Covered:

  • AnQore
  • Asahi Kasei Corp.
  • Ascend Performance Materials Operations LLC
  • Cornerstone Chemical Co.
  • Formosa Plastics Corp.
  • INEOS Group Holdings SA
  • Mitsubishi Chemical Holdings Corp.
  • PJSC LUKOIL
  • Sumitomo Chemical Co. Ltd.
  • Thermo Fisher Scientific Inc.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2020, 2021, until 2025
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Five force summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • ABS and SAN – Market size and forecast 2020-2025
  • Acrylic fibers – Market size and forecast 2020-2025
  • Polyacrylamide – Market size and forecast 2020-2025
  • Nitrile butadiene rubber – Market size and forecast 2020-2025
  • Others – Market size and forecast 2020-2025
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AnQore
  • Asahi Kasei Corp.
  • Ascend Performance Materials Operations LLC
  • Cornerstone Chemical Co.
  • Formosa Plastics Corp.
  • INEOS Group Holdings SA
  • Mitsubishi Chemical Holdings Corp.
  • PJSC LUKOIL
  • Sumitomo Chemical Co. Ltd.
  • Thermo Fisher Scientific Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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