SkyQuest Technology Group recently introduced Acrylonitrile Market study with in-depth overview, describing about the Product/Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. The Acrylonitrile Market has witnessed Excellent growth over the past decade and is expected to maintain its upward trajectory.
Acrylonitrile Market size was valued at USD 11.4 billion in 2023 and is poised to grow from USD 11.88 billion in 2024 to USD 16.51 billion by 2032, growing at a CAGR of 4.2% during the forecast period (2025-2032).
Acrylonitrile is a colorless liquid used in the production of various materials such as synthetic fibers, plastics, resins, and elastomers. It is a vital component in the manufacturing of acrylic fibers, which are widely used in clothing and home textiles. The global acrylonitrile market is driven by the growing demand for these materials across various industries, including textiles, automotive, and construction. The growing demand for acrylic fibers, which are widely used in clothing, home textiles, and industrial applications, is the major driver of the market.
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Additionally, the increasing demand for plastics and resins, which are used in various applications such as packaging, automotive parts, and construction materials, is also fueling the acrylonitrile market growth. Asia-Pacific is the largest market for acrylonitrile, with China being the leading producer and consumer of the material. The region is expected to continue its dominance during the forecast period, driven by the growing textile and automotive industries. However, the acrylonitrile industry growth may be restrained by factors such as environmental concerns related to the production of acrylonitrile and the fluctuating prices of raw materials such as propylene and ammonia.
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2032, Y-o-Y growth rate, and CAGR):
The Acrylonitrile Market can be segmented based on several factors, including product type, application, end-user, and distribution channel.
Process Technology
Ammoxidation Process, Other Production Processes
Application
Acrylic Fiber, Acrylonitrile Butadiene Styrene (ABS)/Styrene-Acrylonitrile Resin (SAN), Acrylamide, Nitrile Butadiene Rubber (NBR), Adiponitrile, Styrene Acrylonitrile, Other Applications
Acrylonitrile Market – Regional Analysis:
– Acrylonitrile North America Market includes (Canada, Mexico, USA)
– Acrylonitrile Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
– Acrylonitrile Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
– Acrylonitrile South America Market includes (Brazil, Argentina)
– Acrylonitrile Oceania Market (Australia & New Zealand)
Top Market Players in Acrylonitrile Market are:
Asahi Kasei Corporation (Japan)
Formosa Plastics Corporation (Taiwan)
Dow Chemical Company (United States)
Ascend Performance Materials (United States)
AnQore BV (Netherlands)
Mitsubishi Chemical Corporation (Japan)
Sinopec Qilu Petrochemical Corporation (China)
Taekwang Industrial Co., Ltd. (South Korea)
Sumitomo Chemical Co., Ltd. (Japan)
Reliance Industries Limited (India)
Lukoil (Russia)
China National Petroleum Corporation (CNPC) (China)
Repsol (Spain)
Esenttia (Colombia)
Shanghai Huayi Acrylic Acid Co., Ltd (China)
Jilin Petrochemical Company Limited (China)
DSM (Netherlands)
PJSC (Russia)
Acrylonitrile Market Recent Developments:
In February 2022, Asahi Kasei made an announcement about their expansion into acrylonitrile production using raw materials derived from biomass. Through their wholly-owned subsidiary in South Korea, Tongsuh Petrochemical Corp., Ltd. (TSPC), the company obtained the ISCC PLUS1 certification for their acrylonitrile as a sustainable product. As scheduled, the production of acrylonitrile using biomass propylene began in February 2022.
In July 2022, INEOS purchased a 50% stake in SECCO Petrochemical Co. Ltd., a subsidiary of Sinopec. SECCO Petrochemical produces a range of derivatives such as olefins, polymers, ethylene, propylene, and acrylonitrile, amounting to 4.2 million tonnes annually. The Shanghai Chemical Industry Park accommodates the 200-hectare complex.
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Forward-Looking Insights
The Acrylonitrile Market is set to experience sustained growth, fueled by technological advancements, broader global market access, and rising industry demand. With the industry addressing emerging challenges and capitalizing on new opportunities, it is expected to drive innovation and play a pivotal role in advancing global health and economic progress.
About Company:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact Details:
SkyQuest Technology Group
USA (+1) 351-333-4748
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