Opportunities in the Acrylonitrile Market: Growth Trends, Forecast and Competitive Analysis

Global Acrylonitrile Market: Information by Application (Acrylic Fiber, Acrylonitrile Butadiene Styrene (ABS), Styrene-Acrylonitrile Resin (SAR), Acrylamide and others), End-Use Industry (Automotive, Electrical & Electronics, Construction, Packaging and others) and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) - Forecast till 2025

Global Acrylonitrile market is expected to grow at ~3.95% CAGR during 2016-2023
Key Players:
Market Research Future (MRFR) recognizes the following companies as the key players in the global Acrylonitrile Market: Cytec Solvay Group (US), AnQore (Netherlands), INEOS Capital Limited (UK), Lukoil Company (Russia), Taekwang Industrial Co. ltd. (South Korea), Mitsubishi Chemical Corporation (Japan), Formosa Plastics Group (Taiwan), Shanghai SECCO Petrochemical Company (China), Sumitomo Chemical Company Limited (Japan), Repsol YPF, S.A. (Europe), and Others.

on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Acrylonitrile market size is expected to grow at ~3.95% CAGR by 2023. The market witnessed a significant growth over the forecasted period owing to growing applications such as into acrylic fiber, acrylonitrile butadiene styrene, styrene-acrylonitrile resin, acrylamide, and others across various industries.
In addition, the increasing demand from the automotive and construction industry is expected to fuel market growth of acrylonitriles in near future. Health issues in manufacturing of of acrylonitriles are expected to hamper the production growth of acrylonitriles. Instability in prices of raw materials such as polypropylene and changing preference of users towards organic chemicals is expected to hamper the global acrylonitrile market growth in the forecast period.

Browse In-depth Market Research Report @ https://www.marketresearchfuture.com/reports/acrylonitrile-market-2914

Segments:
The global acrylonitrile market has been segmented into application and end use industries. On the basis of application, the market has been divided into acrylic fiber, acrylonitrile butadiene styrene, styrene-acrylonitrile resin, acrylamide, and others. Among these applications, acrylic fiber has coverd the largest market followed by acrylonitrile butadiene styrene, styrene-acrylonitrile resin and acrylamide. Geographically, Asia-Pacific is anticipated to be the largest market in terms of value and volume followed by Europe and North America.
Firstly, from the end use industries, the global acrylonitrile market has been divided into automotive, electronics industry, construction industry, packaging industry, and others. Among the end use industries, automotive and construction industry have acquired the largest market share owing to its increasing demand from the growing economies, especially from China, India and Japan. Acrylonitrile has application in automotive industry for manufacturing interiors and exterior parts such as suspension bushing, panels, handles and bumpers and others. In industrial sector acrylonitrile used as raw materials for synthetic fibers, fiber processing resins and others. Also in home appliances & electronics sector acrylonitrile used in refrigerators, washing machines, air conditioners, TVs, PCs, DVD/HDD recorders, and others. The growing demand from these end use industries have augmented the market for acrylonitrile which will further have a positive impact during the forecast period.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.

Regions:
Acrylonitrile Market is classified on the basis of mixed geographic segmentation which involves regions such as America, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific acrylonitrile market is largest market owing to robust industry growth of application industry in China, Japan and India. Asia Pacific acrylonitrile market size is likely to witness highest gains over the forecast period. Positive stance on end-use industries such as automotive, electronics industry, construction industry, packaging industry, and others in countries like China, India and Japan is predict to drive demand. Above all China is major dominating country owing to large scale production of end user industries such as automotive and construction industry. In China acrylonitrile is mainly used in production of acrylic fibers and acrylonitrile butadiene styrene (ABS) which is extensively applied in manufacturing of pipes, plastic sheets, fittings, and others. Growing construction industry in developing country including China and India due to rise in per capital income is one of the the key factor for acrylonitrile market growth.
Whereas, according to current market situation in 2017, acrylonitrile prices down in APAC markets on low demand. Supply of acrylonitrile in APAC region is anticipated to constrict but regional prices may be weighed down by recent decrease in China’s domestic market. Also the competition between buyers and suppliers have been hindering transactions in the APAC acrylonitrile market.

Europe region stands on second position for global acrylonitrile market. Major drivers of acrylonitrile market in terms of end user industry of this region are automotive, construction, household appliances and electronics sector. Whereas due to constrict global supply of raw materials, it is found that European acrylonitrile prices have risen approx 48% since the beginning of the year 2017.
The third largest market of acrylonitrile is North America in growth of acrylonitrile market due to various application such as witnessed in growth of acrylonitrile market due to various application such as acrylic fiber, acrylonitrile butadiene styrene (ABS), styrene-acrylonitrile resin, acrylamide, and others (intermediates for flocculants, antioxidants, surface active agents). Latin America and Middle East also witnessed in growth of acrylonitrile market due to various end user industry such as automotive, electronics industry, construction industry, packaging industry, and others (pharmaceuticals and coatings)
Intended Audience

Acrylonitrile manufacturers
Traders and distributors of acrylonitrile
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratories

Table Of Contents

1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Bargaining Power Of Suppliers
4.1.4 Threat Of Substitutes
4.1.5 Segment Rivalry
4.2 Value Chain/Supply Chain Of The Global Acrylonitrile Market
5 Industry Overview Of The Global Acrylonitrile Market

Get A Sample Report copy Here @ https://www.marketresearchfuture.com/sample_request/2914

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Read More Related Article:

https://www.marketresearchfuture.com/reports/fluoropolymer-films-market-6069