Acrylonitrile Market (2025 - 2030) Size, Share & Trends Analysis Report By Application (Acrylic Fibers, Adiponitrile, Styrene Acrylonitrile, ABS, Acrylamide, Carbon Fiber, Nitrile Rubber, Others), By Region, And Segment Forecasts

Acrylonitrile Market Summary

The expanding construction industry is increasing the consumption of acrylonitrile, which is likely to impact industry growth positively. Acrylonitrile is used to produce several derivatives, including acrylonitrile butadiene styrene, acrylic fiber, acrylamide, carbon fiber, and nitrile rubber, all utilized in the construction sector.

Due to the favorable properties of plastics made from acrylonitrile, such as chemical resistance, durability, high strength, and thermal stability, demand for acrylonitrile is anticipated to remain high shortly.

The demand for products in the consumer appliances industry is rising, driven by attributes such as heat and chemical resistance. Changing lifestyles, evolving consumer preferences, and increasing per capita income will boost consumer appliance demand, which will, in turn, enhance the demand for acrylonitrile within the industry. In addition, the automotive industry is projected to increase its consumption of acrylonitrile due to its low weight, high strength, and durability at low temperatures. Acrylonitrile is widely used in this sector. The demand for acrylic fibers is particularly strong in the automotive industry, and their continued use is anticipated to further contribute to the sector's growth.

The demand for acrylonitrile is rising due to the increasing use of acrylic fibers. In addition, the growing textile and garment industries in the Asia Pacific region, driven by rapid urbanization, will further support the development of this industry. Acrylic fibers are known for their strong resistance to microbiological attack, UV degradation, and laundry bleach, making them excellent choices for clothing due to their lightweight nature. This material is the primary raw ingredient used to produce acrylic fibers. However, demand may decline due to the introduction of new, affordable polyester fibers. Furthermore, the growing preference for bio-based polymers, especially in developed economies, is expected to impact the demand for acrylic fibers negatively.

Drivers, Opportunities & Restraints

The rising demand for acrylonitrile, particularly its use in producing Acrylonitrile Butadiene Styrene (ABS), is a significant market driver for the acrylonitrile industry. ABS is a widely used thermoplastic known for its strength, durability, and impact resistance, making it popular in various applications such as automotive parts, consumer products, and electronic housing. As industries increasingly adopt lightweight and robust materials, the need for ABS is growing, boosting the demand for acrylonitrile. In addition, advancements in processing technologies and increasing consumption in emerging markets further contribute to this upward trend.

A primary market restraint for the acrylonitrile industry is the environmental and health concerns associated with its production and usage. Acrylonitrile is classified as a potential carcinogen, leading to stringent regulations and compliance requirements that can hinder production processes and raise costs. In addition, fluctuations in raw material prices, such as propylene and ammonia, can impact profit margins and supply stability. The availability of alternative materials that offer similar properties without the associated risks also threatens market growth. Overall, these factors can limit the expansion potential of the market for acrylonitrile.

The acrylonitrile industry presents significant opportunities driven by increasing demand in various applications, particularly in producing synthetic fibers, plastics, and resins. The growth of emerging economies and expanding industries such as automotive, electronics, and construction are boosting consumption. Innovations in manufacturing processes that enhance efficiency and reduce environmental impact can also create a competitive edge. In addition, developing acrylonitrile derivatives and specialized applications in pharmaceuticals and agriculture may further expand market potential. As sustainability becomes a priority, investments in eco-friendly technologies can open new avenues for growth.

Application Insights

The ABS segment accounted for the largest revenue share of 28.5% in 2024 and is expected to continue its dominance over the forecast period. The product's increasing use in the automotive, electronics, consumer goods, and construction industries can be attributed to its ease of installation and lightweight nature. The product exhibits mechanical solid strength, corrosion resistance, and more excellent durability than PVC. The carbon fiber segment is projected to experience the fastest CAGR during the forecast period due to its strength, lightweight, and exceptional stiffness, making it highly useful in building materials.

Carbon fiber is commonly used in various industries, including aerospace and defense, automotive, alternative energy, and construction. Due to increased investment in aerospace technology, the demand for carbon fiber is projected to grow rapidly in Asian countries, particularly in China and India. However, carbon fiber's high cost is expected to limit its demand in the coming years significantly.

Nitrile rubber, a type of synthetic rubber, is produced through the copolymerization of butadiene and acrylonitrile. It is valued for its resistance to oil and solvents, making it a popular choice in applications requiring durable synthetic materials.

Regional Insights

North America acrylonitrile market is projected to experience significant growth due to the presence of key companies in the United States, such as Ascend Performance Materials. These companies' primary emphasis on developing new products for the automotive and construction industries is expected to drive industry growth throughout the forecast period.

Asia Pacific Acrylonitrile Market Trends

The Asia Pacific acrylonitrile market is driven by the expanding construction sector, which is increasing the demand for building materials. In addition, the rising need for textiles and home furnishings is expected to impact this segment positively. Developing countries in the Asia-Pacific region, particularly India and China, are prioritizing the construction of commercial and new residential buildings, which is projected to grow. Factors such as the high demand for efficient building materials and advancements in civil construction also contribute to the regional market's growth.

Europe Acrylonitrile Market Trends

The Europe acrylonitrile market is expected to experience rapid growth over the forecast period. The significant demand for acrylonitrile in horizontal wells is especially notable in Norway, Italy, the Netherlands, Denmark, the UK, and France. The increasing need for consumer electronics has prompted European exploration and product (E&P) companies to engage in extensive drilling activities in both onshore and offshore locations.

Latin America Acrylonitrile Market Trends

The discovery of untapped oil and gas reserves in the region primarily drives the Latin America acrylonitrile market. During the forecast period, drilling activities in the region are expected to increase, supported by significant deposits of hydrocarbon unconventional reserves such as tight oil, shale gas, and oil sands. In addition, substantial investments from multinational oil and gas companies are anticipated to further contribute to this growth.

Middle East & Africa Acrylonitrile Market Trends

The Middle East and Africa acrylonitrile market is expected to grow significantly over the forecast period. Gas well and oil refinery applications are increasing in Saudi Arabia and Oman, and the trend is steady for South Africa, Kuwait, and Qatar.

Key Acrylonitrile Company Insights

Some of the key players operating in the market include Clariant, Dow, and Solvay.

• INEOS Group is a British multinational conglomerate that manufactures chemicals, oil products, and petrochemicals. Their products are utilized across various industries, including construction, agriculture, technology, and textiles. INEOS is also engaged in sports, consumer brands, and other sectors.

• Mitsubishi Chemical Group offers ethical pharmaceuticals, diagnostic reagents, instruments, capsules, pharmaceutical equipment, active pharmaceutical ingredients and intermediates, and self-health check services.

Recent Developments

• In June 2023, INEOS Nitriles introduced its inaugural bio-attributed product line for Acrylonitrile, branded as InvireoTM. The newly launched product will be manufactured at INEOS Nitriles' state-of-the-art facility in Cologne, Germany. The production of InvireoTM involves the utilization of bio-attributed propylene, enabling the replacement of conventional fossil fuel resources. This innovative product contributes to a reduction in greenhouse gas emissions and aids in the conservation of natural resources by incorporating renewable feedstock. INEOS has obtained certification from the Roundtable on Sustainable Biomaterials (RSB) and the International Sustainability & Carbon Certification (ISCC Plus).

• In February 2023, Sumitomo Chemical received its inaugural ISCC PLUS certification for acrylonitrile production at its Ehime Works in Niihama, Ehime, Japan. The International Sustainability and Carbon Certification (ISCC) awarded this prestigious certification, validating the sustainable nature of the product.

Acrylonitrile Market Report Scope

Global Acrylonitrile Market Report Segmentation

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global acrylonitrile market report based on application, and region.

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Acrylic Fibers

  • Adiponitrile

  • Styrene Acrylonitrile

  • ABS

  • Acrylamide

  • Carbon Fiber

  • Nitrile Rubber

  • Other Applications

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • Malayasia

  • Latin America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • UAE