Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia Pacific and Africa), By Application (Acrylic Fiber, Adiponitrile, Styrene Acrylonitrile, Acrylonitrile Butadiene Styrene, Acrylamide, Carbon Fiber, Nitrile Rubber, Others) And Competitive Landscape
| Product Code: ETC13190289 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, The global acrylonitrile market has experienced steady growth in recent years. As of 2024, the market size was valued at approximately USD 12.5 billion and is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2025 to 2031.
| Report Name | Global Acrylonitrile Market |
| Report Category / Coverage | Global |
| Forecast Period | 2025-2031 |
| CAGR | 4.2% |
| Market Size | USD 14.8 billion by 2031 |
| Growing Sector | Automotive |
The Global Acrylonitrile Market report thoroughly covers the market by Application and Regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The global acrylonitrile market has been witnessing a massive growth, underpinned by the rising its application across various sectors. Acrylonitrile, a vital organic compound, has been utilized in the production of acrylic fibers, ABS (acrylonitrile butadiene styrene) plastics, and nitrile rubber, all of which are essential in sectors such as textiles, automotive, and construction. Rising demand for lightweight and durable materials in these industries has further fueled market expansion. Additionally, technological advancements in manufacturing processes and the increasing adoption of sustainable practices are expected to shape the market's trajectory.
Global Acrylonitrile Market is expected to grow at a significant CAGR of 4.2% during the forecast period 2025-2031. The market growth is influenced by various major factors. One of them is the rise in the demand from sectors, such as construction, automotive, and electronics. An increase in the deployment of acrylonitrile derivatives, which include acrylonitrile-butadiene-styrene (ABS) and carbon fibers, playing a role in boosting the Global Acrylonitrile Market growth. Furthermore, the rising switch towards durable and lightweight materials in manufacturing to reduce carbon emission and enhance efficiency has generated a high demand for acrylonitrile. Furthermore, expanding industrialization in evolving economies and technological advancements in polymer further supporting the growth of the market.
Despite its growth potential, the acrylonitrile market faces several challenges. One significant issue is the volatility in raw material prices, which directly impacts production costs and profitability. Environmental concerns remain another critical challenge, as the production and handling of acrylonitrile involve hazardous chemicals that pose risks to both ecosystems and human health. Addressing these hurdles will be essential for maintaining growth momentum in the global acrylonitrile market.
The global acrylonitrile market is witnessing significant growth driven by increasing demand from key end-use industries such as automotive, construction, and textiles. Rising adoption of acrylonitrile-based products in manufacturing lightweight materials, plastics, and synthetic fibers is further propelling market expansion. Additionally, advancements in production technologies and the rising emphasis on environmental sustainability are influencing market trends.
The acrylonitrile industry presents a range of investment opportunities, particularly in emerging markets where industrialization is accelerating. Investments in research and development for bio-based acrylonitrile and sustainable production methods are gaining traction, offering potential competitive advantages. Furthermore, partnerships and joint ventures in regions with high demand for acrylonitrile derivatives, such as Asia-Pacific, are creating lucrative growth avenues. Expanding applications in energy storage and impact-resistant materials also highlight the sector's vast potential for innovation-driven investments.
The global acrylonitrile market is dominated by several key players who consistently drive innovation and meet rising demand across various industries. Companies such as INEOS, Asahi Kasei Corporation, Sinopec Group, Formosa Plastics Corporation, and Mitsubishi Chemical Corporation are at the forefront of the competitive landscape.
Government regulations play a pivotal role in shaping the dynamics of the global acrylonitrile market. Increasing environmental concerns have led to stringent emission standards and safety protocols for production facilities. Organizations such as the Environmental Protection Agency (EPA) and the European Chemical Agency (ECHA) have introduced guidelines aimed at minimizing the environmental impact of acrylonitrile production. These regulations have prompted manufacturers to invest in cleaner technologies and adopt sustainable practices while maintaining compliance with global standards. Regulatory frameworks are also encouraging the use of green alternatives, influencing the market's direction toward bio-based acrylonitrile solutions.
The future of the global acrylonitrile market is expected to be shaped by advancements in technology, sustainability, and expanding end-use applications. Rising demand for lightweight materials in automotive and aerospace industries, coupled with the growing need for energy-efficient solutions such as carbon fiber for renewable energy, will drive market growth. Additionally, innovations in sustainable production technologies, such as the use of renewable feedstocks, offer promising opportunities for manufacturers. The Asia-Pacific region is likely to remain a key market due to industrialization and increasing consumer demand, while ongoing research into new applications for acrylonitrile and its derivatives will further diversify growth prospects across sectors.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
The Acrylonitrile Butadiene Styrene (ABS) category emerges as a leading application in the global acrylonitrile market. Known for its strength, durability, and wide usage in automotive, electronics, and construction sectors, ABS has a substantial share in the overall market demand.
According to Ravi Bhandari, Research Head, 6Wresearch, the Asia-Pacific region continues to lead the market, driven by rapid industrial growth, increasing manufacturing activities, and expanding consumer demand. The presence of major end-use industries and rising investments in infrastructure further solidify Asia-Pacific's dominance in the market.
The market report provides a detailed analysis of the following market segments:
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Global Acrylonitrile Market Overview |
| 3.1 Global Regional Macro Economic Indicators |
| 3.2 Global Acrylonitrile Market Revenues & Volume, 2021 & 2031F |
| 3.3 Global Acrylonitrile Market - Industry Life Cycle |
| 3.4 Global Acrylonitrile Market - Porter's Five Forces |
| 3.5 Global Acrylonitrile Market Revenues & Volume Share, By Regions, 2021 & 2031F |
| 3.6 Global Acrylonitrile Market Revenues & Volume Share, By Application, 2021 & 2031F |
| 4 Global Acrylonitrile Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Global Acrylonitrile Market Trends |
| 6 Global Acrylonitrile Market, 2021 - 2031 |
| 6.1 Global Acrylonitrile Market, Revenues & Volume, By Application, 2021 - 2031 |
| 6.1.1 Overview & Analysis |
| 6.1.2 Global Acrylonitrile Market, Revenues & Volume, By Acrylic Fiber, 2021 - 2031 |
| 6.1.3 Global Acrylonitrile Market, Revenues & Volume, By Adiponitrile, 2021 - 2031 |
| 6.1.4 Global Acrylonitrile Market, Revenues & Volume, By Styrene Acrylonitrile, 2021 - 2031 |
| 6.1.5 Global Acrylonitrile Market, Revenues & Volume, By Acrylonitrile Butadiene Styrene, 2021 - 2031 |
| 6.1.6 Global Acrylonitrile Market, Revenues & Volume, By Acrylamide, 2021 - 2031 |
| 6.1.7 Global Acrylonitrile Market, Revenues & Volume, By Carbon Fiber, 2021 - 2031 |
| 6.1.8 Global Acrylonitrile Market, Revenues & Volume, By Nitrile Rubber, 2021 - 2031 |
| 6.1.9 Global Acrylonitrile Market, Revenues & Volume, By Others, 2021 - 2031 |
| 6.2.1 Overview & Analysis |
| 6.3.1 Overview & Analysis |
| 7 North America Acrylonitrile Market, Overview & Analysis |
| 7.1 North America Acrylonitrile Market Revenues & Volume, 2021 - 2031 |
| 7.2 North America Acrylonitrile Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 7.2.1 United States (US) Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 7.2.2 Canada Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 7.2.3 Rest of North America Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 7.3 North America Acrylonitrile Market, Revenues & Volume, By Application, 2021 - 2031 |
| 8 Latin America (LATAM) Acrylonitrile Market, Overview & Analysis |
| 8.1 Latin America (LATAM) Acrylonitrile Market Revenues & Volume, 2021 - 2031 |
| 8.2 Latin America (LATAM) Acrylonitrile Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 8.2.1 Brazil Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 8.2.2 Mexico Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 8.2.3 Argentina Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 8.2.4 Rest of LATAM Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 8.3 Latin America (LATAM) Acrylonitrile Market, Revenues & Volume, By Application, 2021 - 2031 |
| 9 Asia Acrylonitrile Market, Overview & Analysis |
| 9.1 Asia Acrylonitrile Market Revenues & Volume, 2021 - 2031 |
| 9.2 Asia Acrylonitrile Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 9.2.1 India Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 9.2.2 China Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 9.2.3 Japan Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 9.2.4 Rest of Asia Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 9.3 Asia Acrylonitrile Market, Revenues & Volume, By Application, 2021 - 2031 |
| 10 Africa Acrylonitrile Market, Overview & Analysis |
| 10.1 Africa Acrylonitrile Market Revenues & Volume, 2021 - 2031 |
| 10.2 Africa Acrylonitrile Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 10.2.1 South Africa Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 10.2.2 Egypt Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 10.2.3 Nigeria Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 10.2.4 Rest of Africa Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 10.3 Africa Acrylonitrile Market, Revenues & Volume, By Application, 2021 - 2031 |
| 11 Europe Acrylonitrile Market, Overview & Analysis |
| 11.1 Europe Acrylonitrile Market Revenues & Volume, 2021 - 2031 |
| 11.2 Europe Acrylonitrile Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 11.2.1 United Kingdom Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 11.2.2 Germany Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 11.2.3 France Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 11.2.4 Rest of Europe Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 11.3 Europe Acrylonitrile Market, Revenues & Volume, By Application, 2021 - 2031 |
| 12 Middle East Acrylonitrile Market, Overview & Analysis |
| 12.1 Middle East Acrylonitrile Market Revenues & Volume, 2021 - 2031 |
| 12.2 Middle East Acrylonitrile Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 12.2.1 Saudi Arabia Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 12.2.2 UAE Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 12.2.3 Turkey Acrylonitrile Market, Revenues & Volume, 2021 - 2031 |
| 12.3 Middle East Acrylonitrile Market, Revenues & Volume, By Application, 2021 - 2031 |
| 13 Global Acrylonitrile Market Key Performance Indicators |
| 14 Global Acrylonitrile Market - Export/Import By Countries Assessment |
| 15 Global Acrylonitrile Market - Opportunity Assessment |
| 15.1 Global Acrylonitrile Market Opportunity Assessment, By Countries, 2021 & 2031F |
| 15.2 Global Acrylonitrile Market Opportunity Assessment, By Application, 2021 & 2031F |
| 16 Global Acrylonitrile Market - Competitive Landscape |
| 16.1 Global Acrylonitrile Market Revenue Share, By Companies, 2024 |
| 16.2 Global Acrylonitrile Market Competitive Benchmarking, By Operating and Technical Parameters |
| 17 Top 10 Company Profiles |
| 18 Recommendations |
| 19 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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