Acrylonitrile Market Size, Share, Growth, Trends and Forecast to 2033

The global acrylonitrile market was valued at US$ 13.3 billion in 2023 and is anticipated to reach US$ 19.8 billion by 2033, expanding at a CAGR of 4% during the forecast period. The growth is driven by the increasing use of acrylonitrile in the production of high-performance derivatives such as carbon fiber, acrylamide, nitrile rubber, and acrylonitrile butadiene styrene (ABS), which are essential across a variety of end-use sectors.

Acrylonitrile’s unique properties—including high strength, thermal stability, chemical resistance, and durability—make it an indispensable raw material in the automotive, construction, electronics, and consumer goods industries. Growing urbanization, infrastructure development, increasing automotive production, and rising investment in R&D for advanced materials are all reinforcing demand for acrylonitrile globally.

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Regional Market Insights

Why Are Asian Markets Key to Acrylonitrile Expansion?

Asian countries such as China, India, Japan, and South Korea are expected to remain major consumers of acrylonitrile, thanks to their rapid pace of industrialization and urbanization. Government initiatives supporting local manufacturing, investments in infrastructure, and a growing middle-class population are enhancing demand for acrylonitrile-based products.

Moreover, cost-effective labor and raw material availability, coupled with the strong presence of end-use industries such as automotive, electronics, and textiles, are making Asia a prime region for both production and consumption of acrylonitrile. China, in particular, is emerging as a global manufacturing hub, offering lucrative opportunities for acrylonitrile producers to scale operations.

What’s Driving Acrylonitrile Demand in the United States?

In the United States, the acrylonitrile market is being supported by increasing investment in oil and gas exploration, which relies on petroleum-based feedstocks. As the country seeks to reduce its dependency on foreign petroleum, domestic production of acrylonitrile is expected to rise, driven by the availability of raw materials and energy.

Additionally, the rising demand for sustainable materials is encouraging the development of bio-based acrylonitrile. Companies are beginning to align production processes with eco-friendly alternatives, making the U.S. a stronghold for both traditional and green acrylonitrile solutions.

Why Is Germany a Strategic Market for Acrylonitrile Vendors?

Germany, renowned for its precision automotive engineering, is a critical market due to the growing adoption of lightweight materials such as ABS and carbon fiber in vehicle manufacturing. Leading automakers like Volkswagen, BMW, and Audi are increasingly using high-performance plastics to improve fuel efficiency and comply with strict emission norms.

As Germany continues to promote low-emission vehicles and invests in innovation within automotive manufacturing, the demand for acrylonitrile-based materials—especially polycarbonate ABS compounds and carbon fiber composites—is expected to surge over the forecast period.

Product-Level Insights

Which Acrylonitrile Derivative Dominates the Market?

Among various acrylonitrile derivatives, Acrylonitrile Butadiene Styrene (ABS) holds the leading market share. Its widespread application in automotive components, electronics casings, pipes, and construction panels underscores its industrial significance. The increasing trend toward durable, lightweight, and heat-resistant materials is further fueling the growth of ABS production.

Other segments such as acrylic fiber and carbon fiber are also expanding steadily, supported by growing demand from textile and aerospace industries respectively.

Competitive Landscape and Key Developments

The acrylonitrile industry is witnessing increased focus on sustainable manufacturing as environmental concerns and regulatory pressures rise. Leading producers are adopting greener feedstocks, optimizing energy use, and acquiring international certifications to appeal to eco-conscious markets.

In a notable development, Asahi Kasei announced in January 2022 its entry into the production of acrylonitrile using biomass-derived raw materials, reflecting a significant move toward sustainable chemical manufacturing. Its subsidiary, Tongsuh Petrochemical Corp., Ltd. (TSPC), obtained ISCC PLUS certification, reinforcing the company’s position as a pioneer in green acrylonitrile solutions.

Other Key Players in the Market Include:

• INEOS – One of the world's largest producers of acrylonitrile, with a global supply network.
• Ascend Performance Materials – Focused on specialty chemicals and polymers.
• Sinopec Group – A major Chinese supplier leveraging integrated petrochemical operations.
• Mitsubishi Chemical Corporation – Actively involved in innovation for sustainable chemical production.

Outlook and Opportunities

The acrylonitrile market is poised for steady growth over the coming decade, supported by rising demand in construction, automotive, and electronics. Investments in sustainable production technologies, expanding applications in lightweight vehicle manufacturing, and increasing demand from Asia-Pacific economies are set to define the future trajectory of this market.

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Key Segments of Acrylonitrile Industry Research

By Application :

• Acrylic Fiber
• Adiponitrile
• Styrene Acrylonitrile
• Acrylonitrile Butadiene Styrene
• Acrylamide
• Carbon Fiber
• Nitrile Rubber
• Others

By Region :

• North America
• Latin America
• Europe
• APAC
• MEA

 

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