Acrylonitrile Market Analysis and Outlook Report: Industry Size, Share, Growth Trends, and Forecast (2025-2034)

Published On: Feb, 2025
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Pages: 158

"The Global Acrylonitrile Market valued at USD 12.6 billion in 2024, is expected to grow by 2.67% CAGR to reach market size worth USD 16.7 billion by 2034."

The acrylonitrile market holds a pivotal position in the global chemical industry, serving as a foundational building block for a diverse range of products across various sectors. Acrylonitrile, a versatile organic compound, is primarily used in the production of acrylonitrile butadine styrene (ABS) resins, acrylic fibers, and other specialty chemicals. The market has witnessed steady growth over the years, driven by the increasing demand for these derivative products in diverse applications, such as automotive, construction, and consumer goods. Throughout 2024, the acrylonitrile market observed a shift towards more sustainable production methods, with companies exploring alternative feedstocks and implementing energy-efficient processes. Innovations in catalysis and reaction engineering have also led to improved yields and reduced environmental impact, enhancing the market's sustainability profile.

Looking ahead to 2025, the acrylonitrile market is projected to witness sustained growth, driven by the expanding global economy and the increasing demand for acrylonitrile-based products in various end-use industries. The automotive, construction, and consumer goods sectors are anticipated to remain key drivers, fueled by factors like urbanization, infrastructure development, and a growing middle class in developing economies. Moreover, the growing focus on sustainability and environmental regulations is likely to push the industry towards adopting more environmentally friendly production processes and exploring alternative feedstocks. The market is expected to see heightened competition among existing players and new entrants, with a focus on innovation, cost optimization, and sustainability. The acrylonitrile market is thus positioned for a period of robust growth, offering compelling opportunities for manufacturers and suppliers.
The Global Acrylonitrile Market Analysis Report will provide a comprehensive assessment of business dynamics, offering detailed insights into how companies can navigate the evolving landscape to maximize their market potential through 2034. This analysis will be crucial for stakeholders aiming to align with the latest industry trends and capitalize on emerging market opportunities.

Acrylonitrile Market Strategy, Price Trends, Drivers, Challenges and Opportunities to 2034

In terms of market strategy, price trends, drivers, challenges, and opportunities from2025 to 2034, Acrylonitrile market players are directing investments toward acquiring new technologies, securing raw materials through efficient procurement and inventory management, enhancing product portfolios, and leveraging capabilities to sustain growth amidst challenging conditions. Regional-specific strategies are being emphasized due to highly varying economic and social challenges across countries.

Factors such as global economic slowdown, the impact of geopolitical tensions, delayed growth in specific regions, and the risks of stagflation necessitate a vigilant and forward-looking approach among Acrylonitrile industry players. Adaptations in supply chain dynamics and the growing emphasis on cleaner and sustainable practices further drive strategic shifts within companies.

The market study delivers a comprehensive overview of current trends and developments in the Acrylonitrile industry, complemented by detailed descriptive and prescriptive analyses for insights into the market landscape until 2034.

North America Acrylonitrile Market Analysis

The North America Acrylonitrile market demonstrated robust growth in 2024, driven by advancements in eco-friendly materials, regulatory shifts favoring sustainable production, and increased investments in R&D. Chemicals and Materials markets such as bio-based polymers, adhesives and sealants, and paints and coatings additives saw significant traction, spurred by strong demand from construction, automotive, and packaging sectors. The anticipated Acrylonitrile industry growth in 2025 is underpinned by heightened focus on green building materials, innovative self-healing materials, and expansion of end-user industries such as electronics and aerospace. Competitive dynamics reflect increasing collaboration between key players and technology providers, with a focus on sustainable innovation and scaling advanced manufacturing technologies. Major players are leveraging partnerships and acquisitions to address regulatory standards and expand their market presence, creating an intensely competitive landscape.

Europe Acrylonitrile Market Outlook

The European Acrylonitrile market maintained a steady growth trajectory in 2024, bolstered by stringent environmental regulations and the growing adoption of circular economy principles. High demand for specialty chemicals and bio-based polymers was observed due to infrastructure projects and the push for green building initiatives. From 2025 onward, growth is expected to accelerate with innovations in materials catering to advanced applications in pharmaceuticals, cosmetics, and industrial coatings. The region’s leadership in sustainable technologies and commitment to reducing carbon footprints are key driving factors. The competitive landscape is characterized by well-established global leaders and emerging regional players focusing on localized manufacturing and energy-efficient solutions, creating a diverse and evolving market.

Asia-Pacific Acrylonitrile Market Forecast

Asia-Pacific’s Acrylonitrile market experienced dynamic growth in 2024, fueled by industrialization, urbanization, and increasing investments in construction, automotive, and consumer goods. Overall, the chemicals and Materials segment saw exponential demand due to infrastructure projects and expanding manufacturing bases. Anticipated growth from 2025 is supported by government initiatives promoting domestic production and green manufacturing. Its competitive production costs and technological advancements drive the region's dominance in key end-use markets. The competitive landscape is highly fragmented, with local manufacturers scaling operations to meet global export demands while international players continue to expand their footprints through joint ventures and acquisitions.

Middle East, Africa, Latin America Acrylonitrile Market Overview

The Acrylonitrile market across the Rest of the World, encompassing Latin America, the Middle East, and Africa, showed promising growth in 2024. This growth was supported by rising investments in the construction and energy sectors, driven by increasing oil and gas exploration and infrastructure development. From 2025, anticipated growth will stem from industrial diversification efforts, especially in GCC countries, and the adoption of high-performance materials like potassium sorbate and self-healing materials in emerging industries. The competitive landscape is evolving as regional players strengthen production capabilities and international players capitalize on untapped markets through strategic partnerships.

Acrylonitrile Market Dynamics and Future Analytics

The research analyses the Acrylonitrile parent market, derived market, intermediaries’ market, raw material market, and substitute market are all evaluated to better prospect the Acrylonitrile market outlook. Geopolitical analysis, demographic analysis, and Porter’s five forces analysis are prudently assessed to estimate the best Acrylonitrile market projections.

Recent deals and developments are considered for their potential impact on Acrylonitrile's future business. Other metrics analyzed include the Threat of New Entrants, Threat of New Substitutes, Product Differentiation, Degree of Competition, Number of Suppliers, Distribution Channel, Capital Needed, Entry Barriers, Govt. Regulations, Beneficial Alternative, and Cost of Substitute in Acrylonitrile market.

Acrylonitrile trade and price analysis helps comprehend Acrylonitrile's international market scenario with top exporters/suppliers and top importers/customer information. The data and analysis assist our clients in planning procurement, identifying potential vendors/clients to associate with, understanding Acrylonitrile price trends and patterns, and exploring new Acrylonitrile sales channels. The research will be updated to the latest month to include the impact of the latest developments such as the Russia-Ukraine war on the Acrylonitrile market.

Acrylonitrile Market Structure, Competitive Intelligence and Key Winning Strategies

The report presents detailed profiles of top companies operating in the Acrylonitrile market and players serving the Acrylonitrile value chain along with their strategies for the near, medium, and long term period.

OGAnalysis’ proprietary company revenue and product analysis model unveils the Acrylonitrile market structure and competitive landscape. Company profiles of key players with a business description, product portfolio, SWOT analysis, Financial Analysis, and key strategies are covered in the report. It identifies top-performing Acrylonitrile products in global and regional markets. New Product Launches, Investment & Funding updates, Mergers & Acquisitions, Collaboration & Partnership, Awards and Agreements, Expansion, and other developments give our clients the Acrylonitrile market update to stay ahead of the competition.
Company offerings in different segments across Asia-Pacific, Europe, the Middle East, Africa, and South and Central America are presented to better understand the company strategy for the Acrylonitrile market. The competition analysis enables users to assess competitor strategies and helps align their capabilities and resources for future growth prospects to improve their market share.

Acrylonitrile Market Research Scope
• Global Acrylonitrile market size and growth projections (CAGR), 2024- 2034
• Policies of USA New President Trump, Russia-Ukraine War, Israel-Palestine, Middle East Tensions Impact on the Acrylonitrile Trade and Supply-chain
• Acrylonitrile market size, share, and outlook across 5 regions and 27 countries, 2023- 2034
• Acrylonitrile market size, CAGR, and Market Share of key products, applications, and end-user verticals, 2023- 2034
• Short and long-term Acrylonitrile market trends, drivers, restraints, and opportunities
• Porter’s Five Forces analysis, Technological developments in the Acrylonitrile market, Acrylonitrile supply chain analysis
• Acrylonitrile trade analysis, Acrylonitrile market price analysis, Acrylonitrile supply/demand
• Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products
• Latest Acrylonitrile market news and developments
The Acrylonitrile Market international scenario is well established in the report with separate chapters on North America Acrylonitrile Market, Europe Acrylonitrile Market, Asia-Pacific Acrylonitrile Market, Middle East and Africa Acrylonitrile Market, and South and Central America Acrylonitrile Markets. These sections further fragment the regional Acrylonitrile market by type, application, end-user, and country.

Regional Insights
North America Acrylonitrile market data and outlook to 2034
United States
Canada
Mexico

Europe Acrylonitrile market data and outlook to 2034
Germany
United Kingdom
France
Italy
Spain
BeNeLux
Russia

Asia-Pacific Acrylonitrile market data and outlook to 2034
China
Japan
India
South Korea
Australia
Indonesia
Malaysia
Vietnam

Middle East and Africa Acrylonitrile market data and outlook to 2034
Saudi Arabia
South Africa
Iran
UAE
Egypt

South and Central America Acrylonitrile market data and outlook to 2034
Brazil
Argentina
Chile
Peru

* We can include data and analysis of additional coutries on demand

Who can benefit from this research
The research would help top management/strategy formulators/business/product development/sales managers and investors in this market in the following ways
1. The report provides 2024 Acrylonitrile market sales data at the global, regional, and key country levels with a detailed outlook to 2034 allowing companies to calculate their market share and analyze prospects, uncover new markets, and plan market entry strategy.

2. The research includes the Acrylonitrile market split into different types and applications. This segmentation helps managers plan their products and budgets based on the future growth rates of each segment

3. The Acrylonitrile market study helps stakeholders understand the breadth and stance of the market giving them information on key drivers, restraints, challenges, and growth opportunities of the market and mitigating risks

4. This report would help top management understand competition better with a detailed SWOT analysis and key strategies of their competitors, and plan their position in the business

5. The study assists investors in analyzing Acrylonitrile business prospects by region, key countries, and top companies' information to channel their investments.

Available Customizations
The standard syndicate report is designed to serve the common interests of Acrylonitrile Market players across the value chain and include selective data and analysis from entire research findings as per the scope and price of the publication.
However, to precisely match the specific research requirements of individual clients, we offer several customization options to include the data and analysis of interest in the final deliverable.
Some of the customization requests are as mentioned below –
Segmentation of choice – Our clients can seek customization to modify/add a market division for types/applications/end-uses/processes of their choice.
Acrylonitrile Pricing and Margins Across the Supply Chain, Acrylonitrile Price Analysis / International Trade Data / Import-Export Analysis,
Supply Chain Analysis, Supply – Demand Gap Analysis, PESTLE Analysis, Macro-Economic Analysis, and other Acrylonitrile market analytics
Processing and manufacturing requirements, Patent Analysis, Technology Trends, and Product Innovations
Further, the client can seek customization to break down geographies as per their requirements for specific countries/country groups such as South East Asia, Central Asia, Emerging and Developing Asia, Western Europe, Eastern Europe, Benelux, Emerging and Developing Europe, Nordic countries, North Africa, Sub-Saharan Africa, Caribbean, The Middle East and North Africa (MENA), Gulf Cooperation Council (GCC) or any other.
Capital Requirements, Income Projections, Profit Forecasts, and other parameters to prepare a detailed project report to present to Banks/Investment Agencies.
Customization of up to 10% of the content can be done without any additional charges.

Note: Latest developments will be updated in the report and delivered within 2 to 3 working days
1. Table of Contents
1.1 List of Tables
1.2 List of Figures

2. Global Acrylonitrile Market Review, 2024
2.1 Acrylonitrile Industry Overview
2.2 Research Methodology

3. Acrylonitrile Market Insights
3.1 Acrylonitrile Market Trends to 2034
3.2 Future Opportunities in Acrylonitrile Market
3.3 Dominant Applications of Acrylonitrile, 2024 Vs 2034
3.4 Key Types of Acrylonitrile, 2024 Vs 2034
3.5 Leading End Uses of Acrylonitrile Market, 2024 Vs 2034
3.6 High Prospect Countries for Acrylonitrile Market, 2024 Vs 2034

4. Acrylonitrile Market Trends, Drivers, and Restraints
4.1 Latest Trends and Recent Developments in Acrylonitrile Market
4.2 Key Factors Driving the Acrylonitrile Market Growth
4.2 Major Challenges to the Acrylonitrile industry, 2025- 2034
4.3 Impact of Wars and geo-political tensions on Acrylonitrile supply chain

5 Five Forces Analysis for Global Acrylonitrile Market
5.1 Acrylonitrile Industry Attractiveness Index, 2024
5.2 Acrylonitrile Market Threat of New Entrants
5.3 Acrylonitrile Market Bargaining Power of Suppliers
5.4 Acrylonitrile Market Bargaining Power of Buyers
5.5 Acrylonitrile Market Intensity of Competitive Rivalry
5.6 Acrylonitrile Market Threat of Substitutes

6. Global Acrylonitrile Market Data – Industry Size, Share, and Outlook
6.1 Acrylonitrile Market Annual Sales Outlook, 2025- 2034 ($ Million)
6.1 Global Acrylonitrile Market Annual Sales Outlook by Type, 2025- 2034 ($ Million)
6.2 Global Acrylonitrile Market Annual Sales Outlook by Application, 2025- 2034 ($ Million)
6.3 Global Acrylonitrile Market Annual Sales Outlook by End-User, 2025- 2034 ($ Million)
6.4 Global Acrylonitrile Market Annual Sales Outlook by Region, 2025- 2034 ($ Million)

7. Asia Pacific Acrylonitrile Industry Statistics – Market Size, Share, Competition and Outlook
7.1 Asia Pacific Market Insights, 2024
7.2 Asia Pacific Acrylonitrile Market Revenue Forecast by Type, 2025- 2034 (USD Million)
7.3 Asia Pacific Acrylonitrile Market Revenue Forecast by Application, 2025- 2034(USD Million)
7.4 Asia Pacific Acrylonitrile Market Revenue Forecast by End-User, 2025- 2034 (USD Million)
7.5 Asia Pacific Acrylonitrile Market Revenue Forecast by Country, 2025- 2034 (USD Million)
7.5.1 China Acrylonitrile Analysis and Forecast to 2034
7.5.2 Japan Acrylonitrile Analysis and Forecast to 2034
7.5.3 India Acrylonitrile Analysis and Forecast to 2034
7.5.4 South Korea Acrylonitrile Analysis and Forecast to 2034
7.5.5 Australia Acrylonitrile Analysis and Forecast to 2034
7.5.6 Indonesia Acrylonitrile Analysis and Forecast to 2034
7.5.7 Malaysia Acrylonitrile Analysis and Forecast to 2034
7.5.8 Vietnam Acrylonitrile Analysis and Forecast to 2034

7.6 Leading Companies in Asia Pacific Acrylonitrile Industry

8. Europe Acrylonitrile Market Historical Trends, Outlook, and Business Prospects
8.1 Europe Key Findings, 2024
8.2 Europe Acrylonitrile Market Size and Percentage Breakdown by Type, 2025- 2034 (USD Million)
8.3 Europe Acrylonitrile Market Size and Percentage Breakdown by Application, 2025- 2034 (USD Million)
8.4 Europe Acrylonitrile Market Size and Percentage Breakdown by End-User, 2025- 2034 (USD Million)
8.5 Europe Acrylonitrile Market Size and Percentage Breakdown by Country, 2025- 2034 (USD Million)
8.5.1 2024 Germany Acrylonitrile Market Size and Outlook to 2034
8.5.2 2024 United Kingdom Acrylonitrile Market Size and Outlook to 2034
8.5.3 2024 France Acrylonitrile Market Size and Outlook to 2034
8.5.4 2024 Italy Acrylonitrile Market Size and Outlook to 2034
8.5.5 2024 Spain Acrylonitrile Market Size and Outlook to 2034
8.5.6 2024 BeNeLux Acrylonitrile Market Size and Outlook to 2034
8.5.7 2024 Russia Acrylonitrile Market Size and Outlook to 2034

8.6 Leading Companies in Europe Acrylonitrile Industry

9. North America Acrylonitrile Market Trends, Outlook, and Growth Prospects
9.1 North America Snapshot, 2024
9.2 North America Acrylonitrile Market Analysis and Outlook by Type, 2025- 2034($ Million)
9.3 North America Acrylonitrile Market Analysis and Outlook by Application, 2025- 2034($ Million)
9.4 North America Acrylonitrile Market Analysis and Outlook by End-User, 2025- 2034($ Million)
9.5 North America Acrylonitrile Market Analysis and Outlook by Country, 2025- 2034($ Million)
9.5.1 United States Acrylonitrile Market Analysis and Outlook
9.5.2 Canada Acrylonitrile Market Analysis and Outlook
9.5.3 Mexico Acrylonitrile Market Analysis and Outlook
9.6 Leading Companies in North America Acrylonitrile Business

10. Latin America Acrylonitrile Market Drivers, Challenges, and Growth Prospects
10.1 Latin America Snapshot, 2024
10.2 Latin America Acrylonitrile Market Future by Type, 2025- 2034($ Million)
10.3 Latin America Acrylonitrile Market Future by Application, 2025- 2034($ Million)
10.4 Latin America Acrylonitrile Market Future by End-User, 2025- 2034($ Million)
10.5 Latin America Acrylonitrile Market Future by Country, 2025- 2034($ Million)
10.5.1 Brazil Acrylonitrile Market Analysis and Outlook to 2034
10.5.2 Argentina Acrylonitrile Market Analysis and Outlook to 2034
10.5.3 Chile Acrylonitrile Market Analysis and Outlook to 2034

10.6 Leading Companies in Latin America Acrylonitrile Industry

11. Middle East Africa Acrylonitrile Market Outlook and Growth Prospects
11.1 Middle East Africa Overview, 2024
11.2 Middle East Africa Acrylonitrile Market Statistics by Type, 2025- 2034 (USD Million)
11.3 Middle East Africa Acrylonitrile Market Statistics by Application, 2025- 2034 (USD Million)
11.4 Middle East Africa Acrylonitrile Market Statistics by End-User, 2025- 2034 (USD Million)
11.5 Middle East Africa Acrylonitrile Market Statistics by Country, 2025- 2034 (USD Million)
11.5.1 South Africa Acrylonitrile Market Outlook
11.5.2 Egypt Acrylonitrile Market Outlook
11.5.3 Saudi Arabia Acrylonitrile Market Outlook
11.5.4 Iran Acrylonitrile Market Outlook
11.5.5 UAE Acrylonitrile Market Outlook

11.6 Leading Companies in Middle East Africa Acrylonitrile Business

12. Acrylonitrile Market Structure and Competitive Landscape
12.1 Key Companies in Acrylonitrile Business
12.2 Acrylonitrile Key Player Benchmarking
12.3 Acrylonitrile Product Portfolio
12.4 Financial Analysis
12.5 SWOT and Financial Analysis Review

14. Latest News, Deals, and Developments in Acrylonitrile Market
14.1 Acrylonitrile trade export, import value and price analysis

15 Appendix
15.1 Publisher Expertise
15.2 Acrylonitrile Industry Report Sources and Methodology

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FAQ's

The Global Acrylonitrile Market is estimated to generate USD 12.8 billion in revenue in 2025

The Global Acrylonitrile Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 2.67% during the forecast period from 2025 to 2034.

The Acrylonitrile Market is estimated to reach USD 16.7 billion by 2034.

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