Los Angeles, CA -- (SBWire) -- 05/28/2019 --This report studies the global Acrylonitrile market status and forecast, categorizes the global Acrylonitrile market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa).
Acrylonitrile is an organic compound with the formula CH2CHCN. It is a clear, colorless liquid with a slightly pungent odor. And it is also a hazardous chemical substance and regulated as such throughout most of the world.Acrylonitrile is an important monomer for the manufacture of useful plastics such as polyacrylonitrile. It is reactive and toxic at low doses.
Acrylonitrile industry has low technology barrier and is labor intensive industry. Currently, there are several producing companies in the world acrylonitrile industry. The main market players are Ineos, Ascend performance Materials, AnQore, Asahi Kasei, Jilin Petrochemical Company. The production of acrylonitrile will increase to 6255.1 K MT in 2016 from 5019.6 K MT in 2011 with average growth rate of 4.50%. Global Acrylonitrile capacity utilization rate remained at around 82.55% in 2015.
In consumption market, the global consumption value of Acrylonitrile increases with the 0.13% average growth rate. Europe and China are the mainly consumption regions due to the bigger demand of downstream applications. In 2015, these two regions occupied 51.12% of the global consumption volume in total.
Acrylonitrile has mainly two production technologies, which include propylene method and propane method. And recently, propylene method is the common method in production of acrylonitrile. As acrylonitrile is main raw material of some chemicals, the downstream application industries will need more acrylonitrile. So, acrylonitrile has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce high purity and good performance acrylonitrile through improving technology.
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The major raw materials for acrylonitrile are propylene, propane and ammonia. Fluctuations in the price of the upstream product will impact on the production cost of Acrylonitrile. The production cost of acrylonitrile is also an important factor which could impact the price of acrylonitrile. The acrylonitrile manufacturers are trying to reduce production cost by developing production method.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. In past five years, the price presents decreasing trend according to the economy development status and international competition. Also, there is decreasing trend in gross margin.
The global Acrylonitrile market is valued at 10900 million US$ in 2017 and will reach 12800 million US$ by the end of 2025, growing at a CAGR of 2.1% during 2018-2025.
The major manufacturers covered in this report
Ineos
Cornerstone
Unigel
AnQore
Repsol Chemicals
Petkim
Taekwang Industrial
Formosa Plastics
CPDC
Asahi Kasei
Wanda Petrochemical
Reliance Industries
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
Southeast Asia
India
Other Regions (India, Southeast Asia, Central & South America and Middle East & Africa)
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Propylene Method
Propane Method
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Acrylic Fibres
ABS and SAN resins
Acrylamide
NBR
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Acrylonitrile Market Report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by summing up the previous growth patterns, the growth drivers and the current and future trends.