Acrylonitrile Catalyst Market
Acrylonitrile Catalyst Market Size, Share & Trends Analysis Report by Application (Acrylic Fibers, Adiponitrile, Styrene Acrylonitrile Resin (SAR), Acrylonitrile Butadiene Styrene (ABS), Acrylamide, Carbon Fiber, Nitrile Rubber, Others), by End-Use (Electrical and electronics, Automotive, Construction, Packaging, Others)Forecast Period (2024-2031)
Acrylonitrile catalyst market is anticipated to grow at a moderate CAGR of 4.5% during the forecast period (2024-2031). Acrylonitrile catalyst serves as the primary raw ingredient for the production of acrylic fibers. Industries such as textile and apparel industries use acrylic fibers due to its lightweight characteristics. The growing demand from end-user industry is a key factor driving the growth of the global market.
Market Dynamics
The Expansion of Consumer Appliances Market
The expansion of consumer appliances is a key factor driving the demand for acrylonitrile catalyst owing to its features like chemical and heat resistance. Rising per capita income, expanding consumer tastes, and changing lifestyles are expected to fuel the demand for consumer appliances. Consequently, over the forecast period, this will raise demand in the consumer appliances industry. The global market is anticipated to increase significantly over the forecast period as a result of all these factors.
Rise in the Demand of Acrylic Fibers
The growth of the textile industry, increases the market for acrylic fibres made from acrylonitrile. Acrylonitrile is a crucial ingredient in the production of acrylic fabric. Industries like the automotive and construction are favouring acrylonitrile-based goods more and more due to their emphasis on enhancing chemical resistance and thermal stability. Furthermore, increased environmental concerns and regulatory constraints, companies are investing in the development of bio-based polymers made from acrylonitrile. It indicates that the industry is moving towards renewable chemicals such as acrylonitrile.
Market Segmentation
Our in-depth analysis of the global acrylonitrile catalyst market includes the following segments by application and end-user of acrylonitrile catalyst:
- Based on the application, the market is sub-segmented into acrylic fibers, adiponitrile, styrene acrylonitrile resin (SAR), acrylonitrile butadiene styrene (ABS), acrylamide, carbon fiber, nitrile rubber and others.
- Based on the end-use, the market is sub-segmented into electrical and electronics, automotive, construction, packaging and others.
ABS to Emerge as the Largest Segment
Home appliances, automobile, construction, and electrical and electronics are the key application areas of ABS. Appliances in the home, including food processors, vacuum cleaners, control panels, and refrigerator linings, are made of ABS plastic. It is utilized in dashboards, pillars, dashboard components, door trim and handles, backrests, and seat belt components in the car industry. They are also utilized in bumpers, fenders, panels, handles, and other external and interior auto parts. Due to their strength, chemical resistance, and light weight, ABS is highly used after plastic materials in the automobile sector. There will be a rise in the consumption of ABS due to growing output in the automobile industry.
Regional Outlook
The global acrylonitrile catalyst market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia-Pacific Holds Major Market Share
Asia-Pacific region holds the major market share in the global acrylonitrile catalyst market. The presence of major end-users of acrylonitrile catalyst such as water treatment, construction, and automobiles is further aiding to the regional market growth. Acrylonitrile is used to make ABS plastics, elastomers, and synthetic fibers for cars, its demand is being driven by the existence of large automakers in China, India, Japan, and South Korea. A major metal part alternative is acrylonitrile and has application in electronic and electrical components, power transmission, exterior and interior finishing, and structural elements of automobiles.
Global Acrylonitrile Catalyst Market Growth by Region 2024-2031
North America is the Fastest Growing Acrylonitrile Catalyst Market
The North American market is expected to grow due to the rise in the demand in industries such as consumer goods, construction, and automotive, influencing the demand for acrylonitrile. These industries use products based on acrylonitrile for a variety of purposes, including synthetic fibers and ABS plastics. The dynamics of global trade also affect the North American market. Acrylonitrile imports and exports, as well as items containing acrylonitrile, impact local supply and demand.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global acrylonitrile catalyst market include Ineos, China Petrochemical Development Corp., Asahi Kasei Advance Corp., Ascend Performance Material, Chemelot, Formosa Plastics Corp.among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market.
Recent Development
- In February 2023, Sumitomo Chemical Received ISCC PLUS Certification for Acrylonitrile. The company received its first ISCC PLUS certification for acrylonitrile produced at its Ehime Works, Japan from the International Sustainability and Carbon Certification (ISCC), an international certification system for sustainable products.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global acrylonitrile catalyst market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research END-USEs and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Ineos Group Ltd.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. China Petrochemical Development Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Asahi Kasei Advance Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Acrylonitrile Catalyst Market by Application
4.1.1. Acrylic Fibers
4.1.2. Adiponitrile
4.1.3. Styrene Acrylonitrile Resin (SAR)
4.1.4. Acrylonitrile Butadiene Styrene (ABS)
4.1.5. Acrylamide
4.1.6. Carbon Fiber
4.1.7. Nitrile Rubber
4.1.8. Others (Polyacrylamide)
4.2. Global Acrylonitrile Catalyst Market by End-use
4.2.1. Electrical and electronics
4.2.2. Automotive
4.2.3. Construction
4.2.4. Packaging
4.2.5. Others (oil & gas, defense and aerospace)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Albemarle Corp.
6.2. Armacell
6.3. Ascend Performance Material
6.4. Basf SE
6.5. Chemelot
6.6. Clariant
6.7. Formosa Plastics Corp.
6.8. Liaoning Xiangyang Chemicals Group
6.9. Mitsubishi Chemical Group Corp.
6.10. Neos Company Ltd.
6.11. Rezel Catalysts Corp.
6.12. Secco
6.13. Sumitomo Chemical Co., Ltd.
6.14. Taekwang Industrial Co., Ltd.
1. GLOBAL ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
2. GLOBAL ACRYLIC FIBERS FOR ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL ADIPONITRILE FOR ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL STYRENE ACRYLONITRILE RESIN (SAR) FOR ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
5. GLOBAL ACRYLONITRILE BUTADIENE STYRENE (ABS) FOR ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL ACRYLAMIDE FOR ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL CARBON FIBER FOR ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL NITRILE RUBBER FOR ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL OTHERS FOR ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY END-USE, 2023-2031 ($ MILLION)
11. GLOBAL ACRYLONITRILE CATALYST FORELECTRICAL AND ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL ACRYLONITRILE CATALYST FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL ACRYLONITRILE CATALYSTFOR CONSTRUCTION MARKETRESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL ACRYLONITRILE CATALYSTFORPACKAGINGMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. GLOBAL ACRYLONITRILE CATALYSTFOROTHERSMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
16. NORTH AMERICAN ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
17. NORTH AMERICAN ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
18. NORTH AMERICAN ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY END-USE, 2023-2031 ($ MILLION)
19. EUROPEAN ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
20. EUROPEAN ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
21. EUROPEAN ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY END-USE, 2023-2031 ($ MILLION)
22. ASIA-PACIFIC ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
23. ASIA-PACIFIC ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
24. ASIA-PACIFIC ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY END-USE, 2023-2031 ($ MILLION)
25. REST OF THE WORLD ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
26. REST OF THE WORLD ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
27. REST OF THE WORLD ACRYLONITRILE CATALYST MARKET RESEARCH AND ANALYSIS BY END-USE, 2023-2031 ($ MILLION)
1. GLOBAL ACRYLONITRILE CATALYST MARKET SHAREBY APPLICATION2023 VS 2031 (%)
2. GLOBAL ACRYLIC FIBERS FOR ACRYLONITRILE CATALYST MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL ADIPONITRILE FOR ACRYLONITRILE CATALYST MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL STYRENE ACRYLONITRILE RESIN (SAR) FOR ACRYLONITRILE CATALYST MARKET SHARE BY REGION, 2023 VS 2031 (%)
5. GLOBAL ACRYLONITRILE BUTADIENE STYRENE (ABS) FOR ACRYLONITRILE CATALYST MARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL ACRYLAMIDE FORACRYLONITRILE CATALYST MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL CARBON FIBER FOR ACRYLONITRILE CATALYST MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL NITRILE RUBBER FOR ACRYLONITRILE CATALYST MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL OTHERS FOR ACRYLONITRILE CATALYST MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBALACRYLONITRILE CATALYST MARKET SHAREBY END-USE, 2023 VS 2031 (%)
11. GLOBALACRYLONITRILE CATALYST FORELECTRICAL AND ELECTRONICS MARKETSHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL ACRYLONITRILE CATALYST FOR AUTOMOTIVE MARKETSHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL ACRYLONITRILE CATALYSTFOR CONSTRUCTION MARKETSHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL ACRYLONITRILE CATALYSTFORPACKAGINGMARKET SHARE BY REGION, 2023 VS 2031 (%)
15. GLOBAL ACRYLONITRILE CATALYSTFOROTHERSMARKET SHARE BY REGION, 2023 VS 2031 (%)
16. GLOBAL ACRYLONITRILE CATALYST MARKET SHARE BY REGION, 2023 VS 2031 (%)
17. US ACRYLONITRILE CATALYST MARKET SIZE, 2023-2031 ($ MILLION)
18. CANADA ACRYLONITRILE CATALYST MARKET SIZE, 2023-2031 ($ MILLION)
19. UK ACRYLONITRILE CATALYST MARKET SIZE, 2023-2031 ($ MILLION)
20. FRANCE ACRYLONITRILE CATALYST MARKET SIZE, 2023-2031 ($ MILLION)
21. GERMANY ACRYLONITRILE CATALYST MARKET SIZE, 2023-2031 ($ MILLION)
22. ITALY ACRYLONITRILE CATALYST MARKET SIZE, 2023-2031 ($ MILLION)
23. SPAIN ACRYLONITRILE CATALYST MARKET SIZE, 2023-2031 ($ MILLION)
24. REST OF EUROPE ACRYLONITRILE CATALYST MARKET SIZE, 2023-2031 ($ MILLION)
25. INDIA ACRYLONITRILE CATALYST MARKET SIZE, 2023-2031 ($ MILLION)
26. CHINA ACRYLONITRILE CATALYST MARKET SIZE, 2023-2031 ($ MILLION)
27. JAPAN ACRYLONITRILE CATALYST MARKET SIZE, 2023-2031 ($ MILLION)
28. SOUTH KOREA ACRYLONITRILE CATALYST MARKET SIZE, 2023-2031 ($ MILLION)
29. REST OF ASIA-PACIFIC ACRYLONITRILE CATALYST MARKET SIZE, 2023-2031 ($ MILLION)
30. REST OF THEWORLD ACRYLONITRILE CATALYST MARKET SIZE, 2023-2031 ($ MILLION)
31. LATIN AMERICA ACRYLONITRILE CATALYST MARKET SIZE, 2023-2031 ($ MILLION)
32. MIDDLE EAST AND AFRICA ACRYLONITRILE CATALYST MARKET SIZE, 2023-2031 ($ MILLION)
