Global Acrylonitrile (ACN) Market - Growth, Trends and forecasts (2015-2020) -

Reportlinker Review
Sep 17, 2015, 19:22 ET from Reportlinker

NEW YORK, Sept. 17, 2015 /PRNewswire/ -- Global Acrylonitrile (ACN) Market is expected to grow at a CAGR of 4% during the forecast period. Asia Pacic, with a
CAGR of 5%, will continue to be the leader in acrylonitrile consumption. Europe and North American regions are estimated to show a moderate growth. Total
production capacity of acrylonitrile (ACN) was estimated to be 6.9 million tonnes. Asia Pacic accounts for over half of the global production capacity. China and
the US have the highest installed capacities.

Acrylonitrile is a commodity petrochemical derived from propylene. It is manufactured by the ammoxidation of propylene. Major uses for acrylonitrile are as a
monomer in polyacrylonitrile for acrylic bers, in ABS and SAN resin manufacture as a modifying monomer, and as a chemical intermediate in the manufacture of
adiponitrile and acrylamide.

Acrylonitrile is used in production of acrylic bres, acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) and nitrile-butadiene-rubber (NBR). Capacity
utilization is expected to grow from 86% at present to 92% by 2020. New capacities are expected to be added in China, Iran and Saudi Arabia in the near future.
China aims to become more self-sucient and less dependent on import by adding new ACN plants.

Ineos, Asahi Kasei Corporation, Sinopec, Formosa Plastics Corp, Sumitomo Chemical Company Limited, Mitsubishi Chemical Corporation and Reliance Industries
Limited are some of the major players in acrylonitrile industry.

Drivers

The low per capita consumption of Acrylonitrile products in developing countries such as India, China and Brazil, along with the growth of end-use industries
provides a bright future for global Acrylonitrile market.

Challenges

The industry is expected to face certain challenges such as uctuation of crude oil prices, product commoditization and saturation in demand for Acrylonitrile.

SPECIALITIES OF THIS REPORT

1) The report will be useful in gaining an exhaustive understanding of the regional market. It will also be of assistance in providing a comprehensive analysis of the
major trends, innovations and associated prospects for market growth over the coming half a decade

2) The report will be an ideal source material for industry consultants, manufacturers and other interested and allied parties to gain a critical insight into the factors
driving and restraining the market, in addition to opportunities oered.

3) The report contains wide range of information about the leading market players and the major strategies adopted by them.

What the report oers

1) Market Denition along with identication of key drivers and restraints for the market.

2) Market analysis with region specic assessments and competition analysis on a global and regional scale.

3) Identication of factors instrumental in changing the market scenarios, rising prospective opportunities and identication of key companies which can inuence
the market on a global and regional scale.