LAMEA Acrylonitrile Market Size, Share & Industry Trends Analysis Report By Application, By Country and Growth Forecast, 2023

Description

List of Tables

The Latin America, Middle East and Africa Acrylonitrile Market would witness market growth of 2.5% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 384.4 Kilo Tonnes, showcasing a growth of 3.2% (2023-2030).

The extensive use of acrylonitrile in the construction industry to manufacture headliners, interior grills, and center consoles, among other products, is one of the main factors driving the growth of the market. The demand for acrylonitrile has increased due to the construction industry's accelerated growth. It is an essential monomer extensively used in producing polyacrylonitrile, acrylonitrile styrene acrylate, and other synthetic rubbers. It has a broad spectrum of applications in the electrical and electronics industries, the most prominent of which is the production of body parts for various electronic devices.

In addition, acrylonitrile is utilized in the automotive industry to produce vital components such as seatbelts, instrument panels, and dashboards. The increased usage of polyacrylonitrile and other plastics in the manufacture of automobiles contributes to weight reduction and improved efficiency. These are the leading drivers of market expansion throughout the anticipated period.

The automotive industry is increasingly focused on reducing vehicle weight to enhance fuel efficiency and reduce emissions in Saudi Arabia. Acrylonitrile-based materials are lightweight yet durable, making them valuable for lightweighting initiatives in vehicle design. Saudi Arabia exports automotive products and components to international markets. Acrylonitrile-based materials play a role in the production of export-oriented automotive products. The automotive sector in Saudi Arabia continues to evolve and expand, and the demand for acrylonitrile-based materials is expected to grow.

According to International Trade Administration, Saudi Arabia has the largest regional automotive industry, and the MENA region is expanding at an estimated 36% rate. 35% of the vehicles sold in the MENA area and more than 52% of all vehicles sold in the GCC in 2020 were produced in Saudi Arabia. In Saudi Arabia, 556,000 and 436,000 vehicles were sold in 2019 and 2020, respectively. Hence, the region's demand for acrylonitrile will increase in the coming years, propelling the growth of the market.

The Brazil market dominated the LAMEA Acrylonitrile Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $234.4 million by 2030. The Argentina market is showcasing a CAGR of 3.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 3.5% during (2023 - 2030).

Based on Application, the market is segmented into Acrylonitrile Butadiene Styrene (ABS), Acrylic Fiber, Styrene Acrylonitrile, Adiponitrile, Acrylamide, Carbon Fiber, Nitrile Rubber, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include INEOS Group Holdings S.A., Sumitomo Chemical Co., Ltd., China Petrochemical Development Corporation (Core Pacific Group), Asahi Kasei Advance Corporation (Asahi Kasei Corporation), Mitsubishi Chemical Holdings Corporation, Ascend Performance Materials LLC (SK Capital and Partners), AnQore, Formosa Plastics Group, and TAEKWANG Industrial Co., ltd.

Scope of the Study

Market Segments covered in the Report:

By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)

Acrylonitrile Butadiene Styrene (ABS)
Acrylic Fiber
Styrene Acrylonitrile
Adiponitrile
Acrylamide
Carbon Fiber
Nitrile Rubber
Others

By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

Companies Profiled

INEOS Group Holdings S.A.
Sumitomo Chemical Co., Ltd.
China Petrochemical Development Corporation (Core Pacific Group)
Asahi Kasei Advance Corporation (Asahi Kasei Corporation)
Mitsubishi Chemical Holdings Corporation
Ascend Performance Materials LLC (SK Capital and Partners)
AnQore
Formosa Plastics Group
TAEKWANG Industrial Co., ltd.

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Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 LAMEA Acrylonitrile Market, by Application
- 1.4.2 LAMEA Acrylonitrile Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
3.3 Porter's Five Force Analysis

Chapter 4. LAMEA Acrylonitrile Market by Application

4.1 LAMEA Acrylonitrile Butadiene Styrene (ABS) Market by Country
4.2 LAMEA Acrylic Fiber Market by Country
4.3 LAMEA Styrene Acrylonitrile Market by Country
4.4 LAMEA Adiponitrile Market by Country
4.5 LAMEA Acrylamide Market by Country
4.6 LAMEA Carbon Fiber Market by Country
4.7 LAMEA Nitrile Rubber Market by Country
4.8 LAMEA Others Market by Country

Chapter 5. LAMEA Acrylonitrile Market by Country

5.1 Brazil Acrylonitrile Market
- 5.1.1 Brazil Acrylonitrile Market by Application
5.2 Argentina Acrylonitrile Market
- 5.2.1 Argentina Acrylonitrile Market by Application
5.3 UAE Acrylonitrile Market
- 5.3.1 UAE Acrylonitrile Market by Application
5.4 Saudi Arabia Acrylonitrile Market
- 5.4.1 Saudi Arabia Acrylonitrile Market by Application
5.5 South Africa Acrylonitrile Market
- 5.5.1 South Africa Acrylonitrile Market by Application
5.6 Nigeria Acrylonitrile Market
- 5.6.1 Nigeria Acrylonitrile Market by Application
5.7 Rest of LAMEA Acrylonitrile Market
- 5.7.1 Rest of LAMEA Acrylonitrile Market by Application

Chapter 6. Company Profiles

6.1 INEOS Group Holdings S.A.
- 6.1.1 Company Overview
- 6.1.2 Financial Analysis
- 6.1.3 Segmental and Regional Analysis
- 6.1.4 Recent strategies and developments:
  - 6.1.4.1 Product Launches:
  - 6.1.4.2 Partnerships, Collaborations & Agreements:
- 6.1.5 SWOT Analysis
6.2 Sumitomo Chemical Co., Ltd.
- 6.2.1 Company Overview
- 6.2.2 Financial Analysis
- 6.2.3 Segmental and Regional Analysis
- 6.2.4 Research & Development Expenses
- 6.2.5 SWOT Analysis
6.3 China Petrochemical Development Corporation (Core Pacific Group)
- 6.3.1 Company Overview
- 6.3.2 Financial Analysis
- 6.3.3 Segmental and Regional Analysis
- 6.3.4 Research & Development Expenses
- 6.3.5 SWOT Analysis
6.4 Asahi Kasei Advance Corporation (Asahi Kasei Corporation)
- 6.4.1 Company Overview
- 6.4.2 Financial Analysis
- 6.4.3 Segmental and Regional Analysis
- 6.4.4 Research & Development Expenses
- 6.4.5 SWOT Analysis
6.5 Mitsubishi Chemical Holdings Corporation
- 6.5.1 Company Overview
- 6.5.2 Financial Analysis
- 6.5.3 Segmental Analysis
- 6.5.4 Research & Development Expense
- 6.5.5 SWOT Analysis
6.6 Ascend Performance Materials LLC (SK Capital and Partners)
- 6.6.1 Company Overview
- 6.6.2 Recent strategies and developments:
  - 6.6.2.1 Acquisition and Mergers:
- 6.6.3 SWOT Analysis
6.7 AnQore
- 6.7.1 Company Overview
- 6.7.2 SWOT Analysis
6.8 Formosa Plastics Group
- 6.8.1 Company Overview
- 6.8.2 Financial Analysis
- 6.8.3 SWOT Analysis
6.9 TAEKWANG Industrial Co., ltd.
- 6.9.1 Company Overview
- 6.9.2 SWOT Analysis

LIST OF TABLES

TABLE 1 LAMEA Acrylonitrile Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Acrylonitrile Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Acrylonitrile Market, 2019 - 2022, Kilo Tonnes
TABLE 4 LAMEA Acrylonitrile Market, 2023 - 2030, Kilo Tonnes
TABLE 5 LAMEA Acrylonitrile Market by Application, 2019 - 2022, USD Million
TABLE 6 LAMEA Acrylonitrile Market by Application, 2023 - 2030, USD Million
TABLE 7 LAMEA Acrylonitrile Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 8 LAMEA Acrylonitrile Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 9 LAMEA Acrylonitrile Butadiene Styrene (ABS) Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Acrylonitrile Butadiene Styrene (ABS) Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Acrylonitrile Butadiene Styrene (ABS) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 LAMEA Acrylonitrile Butadiene Styrene (ABS) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 LAMEA Acrylic Fiber Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Acrylic Fiber Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Acrylic Fiber Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 LAMEA Acrylic Fiber Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 LAMEA Styrene Acrylonitrile Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Styrene Acrylonitrile Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Styrene Acrylonitrile Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 LAMEA Styrene Acrylonitrile Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 LAMEA Adiponitrile Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Adiponitrile Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Adiponitrile Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 LAMEA Adiponitrile Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 LAMEA Acrylamide Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Acrylamide Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Acrylamide Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 LAMEA Acrylamide Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 LAMEA Carbon Fiber Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Carbon Fiber Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Carbon Fiber Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 LAMEA Carbon Fiber Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 LAMEA Nitrile Rubber Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Nitrile Rubber Market by Country, 2023 - 2030, USD Million
TABLE 35 LAMEA Nitrile Rubber Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 LAMEA Nitrile Rubber Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 39 LAMEA Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 LAMEA Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 LAMEA Acrylonitrile Market by Country, 2019 - 2022, USD Million
TABLE 42 LAMEA Acrylonitrile Market by Country, 2023 - 2030, USD Million
TABLE 43 LAMEA Acrylonitrile Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 LAMEA Acrylonitrile Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 Brazil Acrylonitrile Market, 2019 - 2022, USD Million
TABLE 46 Brazil Acrylonitrile Market, 2023 - 2030, USD Million
TABLE 47 Brazil Acrylonitrile Market, 2019 - 2022, Kilo Tonnes
TABLE 48 Brazil Acrylonitrile Market, 2023 - 2030, Kilo Tonnes
TABLE 49 Brazil Acrylonitrile Market by Application, 2019 - 2022, USD Million
TABLE 50 Brazil Acrylonitrile Market by Application, 2023 - 2030, USD Million
TABLE 51 Brazil Acrylonitrile Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 52 Brazil Acrylonitrile Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 53 Argentina Acrylonitrile Market, 2019 - 2022, USD Million
TABLE 54 Argentina Acrylonitrile Market, 2023 - 2030, USD Million
TABLE 55 Argentina Acrylonitrile Market, 2019 - 2022, Kilo Tonnes
TABLE 56 Argentina Acrylonitrile Market, 2023 - 2030, Kilo Tonnes
TABLE 57 Argentina Acrylonitrile Market by Application, 2019 - 2022, USD Million
TABLE 58 Argentina Acrylonitrile Market by Application, 2023 - 2030, USD Million
TABLE 59 Argentina Acrylonitrile Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 60 Argentina Acrylonitrile Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 61 UAE Acrylonitrile Market, 2019 - 2022, USD Million
TABLE 62 UAE Acrylonitrile Market, 2023 - 2030, USD Million
TABLE 63 UAE Acrylonitrile Market, 2019 - 2022, Kilo Tonnes
TABLE 64 UAE Acrylonitrile Market, 2023 - 2030, Kilo Tonnes
TABLE 65 UAE Acrylonitrile Market by Application, 2019 - 2022, USD Million
TABLE 66 UAE Acrylonitrile Market by Application, 2023 - 2030, USD Million
TABLE 67 UAE Acrylonitrile Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 68 UAE Acrylonitrile Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 69 Saudi Arabia Acrylonitrile Market, 2019 - 2022, USD Million
TABLE 70 Saudi Arabia Acrylonitrile Market, 2023 - 2030, USD Million
TABLE 71 Saudi Arabia Acrylonitrile Market, 2019 - 2022, Kilo Tonnes
TABLE 72 Saudi Arabia Acrylonitrile Market, 2023 - 2030, Kilo Tonnes
TABLE 73 Saudi Arabia Acrylonitrile Market by Application, 2019 - 2022, USD Million
TABLE 74 Saudi Arabia Acrylonitrile Market by Application, 2023 - 2030, USD Million
TABLE 75 Saudi Arabia Acrylonitrile Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 76 Saudi Arabia Acrylonitrile Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 77 South Africa Acrylonitrile Market, 2019 - 2022, USD Million
TABLE 78 South Africa Acrylonitrile Market, 2023 - 2030, USD Million
TABLE 79 South Africa Acrylonitrile Market, 2019 - 2022, Kilo Tonnes
TABLE 80 South Africa Acrylonitrile Market, 2023 - 2030, Kilo Tonnes
TABLE 81 South Africa Acrylonitrile Market by Application, 2019 - 2022, USD Million
TABLE 82 South Africa Acrylonitrile Market by Application, 2023 - 2030, USD Million
TABLE 83 South Africa Acrylonitrile Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 84 South Africa Acrylonitrile Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 85 Nigeria Acrylonitrile Market, 2019 - 2022, USD Million
TABLE 86 Nigeria Acrylonitrile Market, 2023 - 2030, USD Million
TABLE 87 Nigeria Acrylonitrile Market, 2019 - 2022, Kilo Tonnes
TABLE 88 Nigeria Acrylonitrile Market, 2023 - 2030, Kilo Tonnes
TABLE 89 Nigeria Acrylonitrile Market by Application, 2019 - 2022, USD Million
TABLE 90 Nigeria Acrylonitrile Market by Application, 2023 - 2030, USD Million
TABLE 91 Nigeria Acrylonitrile Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 92 Nigeria Acrylonitrile Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 93 Rest of LAMEA Acrylonitrile Market, 2019 - 2022, USD Million
TABLE 94 Rest of LAMEA Acrylonitrile Market, 2023 - 2030, USD Million
TABLE 95 Rest of LAMEA Acrylonitrile Market, 2019 - 2022, Kilo Tonnes
TABLE 96 Rest of LAMEA Acrylonitrile Market, 2023 - 2030, Kilo Tonnes
TABLE 97 Rest of LAMEA Acrylonitrile Market by Application, 2019 - 2022, USD Million
TABLE 98 Rest of LAMEA Acrylonitrile Market by Application, 2023 - 2030, USD Million
TABLE 99 Rest of LAMEA Acrylonitrile Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 100 Rest of LAMEA Acrylonitrile Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 101 Key Information - INEOS Group Holdings S.A.
TABLE 102 Key Information - Sumitomo Chemical Co., Ltd.
TABLE 103 Key Information - China Petrochemical Development Corporation
TABLE 104 Key Information - Asahi Kasei Advance Corporation
TABLE 105 KEY INFORMATION - MITSUBISHI CHEMICAL HOLDINGS CORPORATION
TABLE 106 Key Information - Ascend Performance Materials
TABLE 107 Key Information - AnQore
TABLE 108 Key Information - Formosa Plastics Group
TABLE 109 Key Information - TAEKWANG Industrial Co., ltd.

LAMEA Acrylonitrile Market Size, Share & Industry Trends Analysis Report By Application, By Country and Growth Forecast, 2023 - 2030