Lucintel’s latest market report analyzed that acrylonitrile provides attractive opportunities in the automotive, electrical and electronics, packaging, and construction end uses. The acrylonitrile market is expected to reach $14.4 billion by 2027 with a CAGR of 5.8%. In this market, automotive is the largest segment by end use, whereas acrylonitrile butadiene styrene is largest by application. The dynamics of the industry, is the bio-based acrylonitrile provides strategic growth path in this market.
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Based on end use, the acrylonitrile market is segmented into automotive, electrical and electronics, packaging, construction, and others. The automotive segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increasing use of acrylonitrile butadiene styrene in manufacturing automotive parts such as instrument panels, pillar trim, dashboard components, door liners and handles, seat backs, seat belt components, etc. to reduce the weight of automotive parts.
Browse in-depth TOC on “Acrylonitrile Market”
96 – Tables
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197 – Pages
The Acrylonitrile Market is marked by the presence of several big and small players. Some of the prominent players offering acrylonitrile include Ineos, Ascend Performance Materials, Asahi Kasei Corporation, Sinopec Group, China National Petroleum Corporation, Sumitomo Chemical Co. Ltd., Bhansali Engineering Polymers Limited, Jiangsu Sierbang Petrochemical Co., Ltd., Taekwang Industrial Co. Ltd., Zhejiang Petrochemical Co., Ltd.
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