Market Research Report
Global Acrylonitrile Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||510636|
|Published||Content info||127 Pages
Delivery time: 1-2 business days
|Global Acrylonitrile Market 2019-2023|
|Published: May 2, 2019||Content info: 127 Pages||
High demand for acrylonitrile from APAC is a major growth factor for the global acrylonitrile market. The demand of acrylonitrile in the region is expected to increase during the forecast period due to the extensive manufacturing of acrylic fibers and acrylonitrile butadiene styrene (ABS). Rapid growth in the construction, automotive, and consumer goods industries in China, India, Japan is propelling the growth of the regional acrylonitrile market. Technavio' s analysts have predicted that the acrylonitrile market will register a CAGR of over 3% by 2023.
Acrylonitrile butadiene styrene (ABS)is a terpolymer that is commercially manufactured by the polymerization of acrylonitrile, butadiene and styrene monomers. The increasing production ABS production will drive the demand for acrylonitrile during the forecast period.
Acrylonitrile is recognized as a hazardous compound by the European Chemicals Agency (ECHA). ECHA classifies acrylonitrile as a toxic chemicals for humans. The International Agency of Research on Cancer has declared acrylonitrile as a possible human carcinogen which will hinder the market growth.
For the detailed list of factors that will drive and challenge the growth of the acrylonitrile market during the 2019-2023, view our report.
The market appears to be highly fragmented and with the presence of several companies including LUKOIL and Sumitomo Chemical Co. Ltd the competitive environment is quite intense. Factors such as the rising demand for acrylonitrile for manufacturing ABS and high demand for acrylonitrile from APAC, will provide considerable growth opportunities to acrylonitrile manufactures. Asahi Kasei Corp., Ascend Performance Materials, DSM, INEOS Group Holdings SA, LUKOIL, and Sumitomo Chemical Co. Ltd. are some of the major companies covered in this report.