Acrylonitrile is the chemical compound which consist of carbon and holds the properties such as volatile, liquid, and colorless. The acrylonitrile is obtained by linking of two atoms, vinyl group and nitrile. It is a unique molecule which helps in polymerization for obtaining macromolecule like polyacrylonitrile. It leads in formation of formyl cyanide and formaldehyde when exposed and mixed with oxygen and hydroxyl radical. Different types of polymers are produced with the help of acrylonitrile such as styrene-acrylonitrile, acrylonitrile butadiene styrene, acrylonitrile styrene acrylate, etc. It is used in various industries such as plastics, pharmaceutical, automotive, etc.
MARKET DYNAMICS
The global acrylonitrile market is growing at a significant pace owing to driving factors such as increasing demand from construction industries due to its unique properties like high durability, strength, and heat resistance. Furthermore, Increasing usage in automobile industries due to its thermoplastic properties which leads in reducing the weight of the vehicles and hence it is likely to drive the demand for acrylonitrile in the coming years. However, high volatility and increasing number of substitute products may be projected to hinder the growth of acrylonitrile market. Likewise, increasing applications on various aspects such as meters covers, tractor components, electronic lenses, etc. may provide a lucrative opportunity for the market players in the near future.
MARKET SCOPE
The "Global Acrylonitrile Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the acrylonitrile market with detailed market segmentation by application, end-user, and geography. The global acrylonitrile market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading acrylonitrile market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global acrylonitrile market is segmented on the basis of application and end-user industry. On the basis of application, the acrylonitrile market is segmented into, acrylic fiber, acrylonitrile butadiene styrene, styrene-acrylonitrile resin, acrylamide and others. Based on end-user, the global acrylonitrile market is segmented into, automotive, electronic industry, construction industry, packaging industry and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global acrylonitrile market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The acrylonitrile market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the acrylonitrile market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the acrylonitrile market in these regions.
MARKET PLAYERS
The reports cover key developments in the acrylonitrile market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from acrylonitrile market are anticipated to lucrative growth opportunities in the future with the rising demand for acrylonitrile in the global market. Below mentioned is the list of few companies engaged in the high performance film market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the high performance film market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Anqore
- Asahi Kasei Corporation
- Ascend Performance Materials
- Ineos
- Mitsubishi Chemical Corporation
- Petkim Petrokimya Holding As.
- Pjsc Lukoil Oil Company
- Reliance Industries Limited
- Sumitomo Chemical Co. Ltd.
- Taekwang Industrial Co. Ltd.