Acrylonitrile Polymer Market

Market Overview

The Global Acrylonitrile Polymer Market Size is projected to grow at a CAGR of approximately 4.75% during the forecast period.

The demand for acrylonitrile is anticipated to rise across a range of end-use industries, most notably the construction and automotive sectors. Acrylonitrile is becoming more and more necessary as the construction industry expands, which is expected to be good for the sector's growth. the creation of derivatives, such as acrylamide, carbon fiber, acrylic fiber, and acrylonitrile butadiene styrene, that are employed in the building industry. It is anticipated that the substance will be in great demand in the near future due to the polymers created with acryliconitrile having a variety of desirable features, such as chemical resistance, durability, high strength, and thermal stability.

Acrylonitrile is a CH2 CHCN chemical compound. It is a straightforward organic compound since it mostly consists of carbon and hydrogen. Liquid acrylonitrile is a hazardous pale yellow color. Acrylonitrile is produced by the ammoxidation of ammonia, propylene, and air. A catalyst is supplied with ammonia, propylene, and air at a high temperature. Acrylic acid is harmful to the lungs, eyes, skin, and neurological system, among other organs. risk of cancer.

Market Dynamics

Market Drivers

The demand for acrylonitrile is rising as a result of the expanding use of acrylic fibers. The rising urbanization of the area will also support the growth of the textile and clothing industries in the Asia Pacific.

Market Restraints

As new, less costly polyester fibers are developed, demand might decline. Additionally, it is projected that the market for acrylic fibers may be hampered by the desire for bio-based polymers, especially in industrialized nations.

Market Opportunities

As the car industry grows, so will acrylonitrile consumption. Its low weight, strength, and low-temperature endurance make it popular in the automobile industry. Acrylic fibers are expected to grow, especially in the automobile industry.

Automotive Demand Rising

Acrylonitrile polymers have grown in popularity. Acrylonitrile Polymer (ABS resins) is used in automotive applications because to its great impact resistance, dimensional stability, and heat resistance. The automobile industry's desire for lightweight materials and safety features has raised ABS resin demand.

Market Scope

Segmental Analysis

Segmentation By Type

• Acrylonitrile-Butadiene-Styrene

Acrylonitrile butadiene styrene contributed more than 28.60% of the total revenue in 2021, giving it the greatest market share. The product's growing use in the construction industry, consumer goods, electronics, automotive, and consumer goods is the reason for this. Additionally, the product is corrosion-resistant, stronger mechanically, and more resilient than PVC.

• Acrylonitrile-Styrene

Styrene and acrylonitrile are copolymerized to produce the hard, clear plastic known as SAN. Polyacrylonitrile's toughness, strength, heat resistance, and solvent resistance are combined with the stiffness and clarity of polystyrene to create SAN. SAN is composed mostly of styrene and acrylonitrile units, around 70 to 30. With the aid of free-radical initiators, the two chemicals are mixed in bulk liquid form or in a water-based emulsion or suspension, and polymerization takes place. The final plastic product is more heat- and solvent-resistant than polystyrene alone.

Segmentation By Application

• Synthetic Rubber Raw Materials

Acrylonitrile polymer, sometimes referred to as acrylonitrile butadiene styrene (ABS), is a vital component in the creation of synthetic rubber. ABS is ideal for many rubber applications because to its improved resistance to heat, hardness, and impact. It is often used to make automotive components including tires, belts, hoses, and seals. Natural rubber is outperformed and outlasted by synthetic rubber made from Acrylonitrile Polymer.

• Synthetic Fiber Raw Materials

An essential component utilized in the creation of synthetic fabrics is acryliconitrile polymer. It is often used to create smooth, soft acrylic fibers that can tolerate chemicals and sunshine. Fabrics made of acrylic are used to make apparel, outdoor furniture, and upholstery. These fibers have a look similar to wool or other natural fibers, but they are stronger and fade-resistant.

• Synthetic Resin Raw Materials

Acrylic acid polymer is another raw material utilized in the manufacture of synthetic resins. ABS is produced using the well-known synthetic resin acrylonitrile polymer. High impact resistance, dimensional stability, and chemical resistance are among of its best qualities. Many industries, including as those in the automotive, electronics, appliance, and consumer goods sectors, employ ABS polymers. Because of their durability and adaptability, they are used to make components including housings, panels, casings, and enclosures.

Regional Analysis

The Global Acrylonitrile Polymer Market is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

The Asia Pacific region had the greatest revenue share in the worldwide market in 2021, reaching 55.70%. This may be due to the rising demand for construction materials caused by the expanding construction sector. The business is also anticipated to benefit from growing demand from the textile and home furnishings industries. New commercial and residential building development is prioritized by the developing nations of the Asia-Pacific region, particularly China and India, and this trend is anticipated to continue. The regional industry is also being driven by factors including the rising demand for energy-efficient building materials and developments in civil construction.

Key Players

1. INEOS Group
2. Sabic
3. Distrupol
4. RTP
5. Styrolution
6. MITSUBISHI CHEMICAL
7. Anqore

Recent Developments

Asahi Kasei started bio-acrylonitrile production in January 2022. TSPC, Asahi Kasei's South Korean affiliate, achieved ISCC PLUS1 certification for its sustainable acrylonitrile. The company intended to make acrylonitrile from biomass propylene in February 2022.