Global Acrylonitrile Market Demand & Forecast Analysis, 2016-2032

Executive Summary : - 

Acrylonitrile is a colourless organic liquid with a vinyl and a nitrile group. For production of acrylonitrile, propylene reacts with ammonia in presence of oxygen and the process is termed as ammoxidation. Major acrylonitrile applications include production of plastics like acrylonitrile-butadiene-styrene (ABS) and Styrene acrylonitrile (SAN) resins. In terms of acrylonitrile consumption, Asia-Pacific dominates the market due to strong demand seen in China. Asia pacific accounts for more than 50% of acrylonitrile demand and is expected to grow at above average growth rate of 3%-4%. The demand for acrylonitrile is directly dependent on the macroeconomic factor of the country as the major demand is driven by consumption of basic plastics. Other important application includes acrylic fibres, which constitute a major part of acrylonitrile market. But since past decade, the competition faced by acrylic fibres by its competitor, polyester has negatively reflected in the demand for acrylonitrile. The market is segmented according to its applications such as ABS & SAN Resins, Acrylic fibers, Acrylamide, Adiponitrile, Nitrile Rubber, Carbon Precursors and Others. 

China is the biggest market for Acrylonitrile consumption, from 1995 till 2012, the market has grown at an annual average of more than 10% with operating rates estimated to in the early 80s. In china, the Acrylonitrile consumption in the derivative plants witnesses a sharp decline during the economic crisis of 2008-2009. Amongst the major applications in China, ABS resin production accounted for 56% followed by fibres at 40% of the total consumption. NBR accounts for a very small share of around 2-3%.