Acrylonitrile Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Acrylonitrile Market Report is Segmented by Process Technology (Ammoxidation Process and Other Production Processes), by Application (Acrylic Fiber, Acrylonitrile Butadiene Styrene (ABS)/Styrene-Acrylonitrile Resin (SAN), Acrylamide, Nitrile Butadiene Rubber (NBR), and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The Report Offers Market Sizes and Forecasts in Terms of Volume (kilotons) for all the Above Segments.

Acrylonitrile Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Acrylonitrile Market Size

Acrylonitrile Market Summary
Study Period 2019 - 2030
Market Volume (2025) 8.66 Million tons
Market Volume (2030) 11.06 Million tons
CAGR 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Acrylonitrile Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Acrylonitrile Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Acrylonitrile Market Analysis

The Acrylonitrile Market size is estimated at 8.66 million tons in 2025, and is expected to reach 11.06 million tons by 2030, at a CAGR of greater than 5% during the forecast period (2025-2030).

The market was negatively impacted by COVID-19 in 2020. However, the market recovered significantly in the 2021-22 period with the increase in industrial activities that propelled higher consumption of acrylonitrile in various applications such as acrylic fiber and acrylonitrile butadiene styrene production.

  • Over the medium term, the increasing demand for acrylonitrile butadiene styrene (ABS) in the automotive and construction industries and the growing textile industry are expected to drive the market's growth.
  • On the flip side, growing awareness of toxicity amid strict regulations could hinder the growth of the market.
  • Nevertheless, budding wastewater treatment applications are likely to provide new growth opportunities for the market.
  • Asia-Pacific is expected to dominate the global market and account for the largest share during the forecast period.

Acrylonitrile Industry Overview

The acrylonitrile market is a consolidated market, with the top five players accounting for the majority of the global market. Some of the major players in the market include INEOS, China Petroleum & Chemical Corporation, Asahi Kasei Corporation, Ascend Performance Materials, and Jiangsu Shenghong Group Co. Ltd, among others.

Acrylonitrile Market Leaders

  1. INEOS

  2. China Petroleum & Chemical Corporation

  3. Asahi Kasei Corporation

  4. Ascend Performance Materials

  5. Jiangsu Shenghong Group Co., Ltd

  6. *Disclaimer: Major Players sorted in no particular order
Acrylonitrile Market Concentration
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Acrylonitrile Market News

  • February 2024: The Mitsubishi Chemical Group announced the discontinuation of MMA monomer production by the ACH process and the production of acrylonitrile and acrylonitrile derivatives at the Mitsubishi Chemical Hiroshima Plant (Otake City, Hiroshima Prefecture).
  • November 2023: China Petrochemical Development Corp in Taiwan resumed production at two acrylonitrile production lines located in Kaohsiung, Taiwan.
  • June 2023: INEOS Nitriles launched its first bio-attributed product line for acrylonitrile. It is sold under the InvireoTM brand, offering a more climate-friendly and sustainable alternative to existing acrylonitrile.
  • February 2023: Sumitomo Chemical Co. Ltd obtained its first ISCC PLUS certification for acrylonitrile produced at its Ehime Works in Japan from the International Sustainability and Carbon Certification (ISCC) certification system.

Acrylonitrile Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Demand for Acrylonitrile Butadiene Styrene (ABS) in the Automotive and Construction Industries
    • 4.1.2 Growing Textile Industry
  • 4.2 Restraints
    • 4.2.1 Toxicity and Regulations of Acrylonitrile
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition
  • 4.5 Supply Overview
  • 4.6 Production Overview
  • 4.7 Production Cost Overview
  • 4.8 Regulatory Policy Overview
  • 4.9 Technological Snapshot
  • 4.10 Pricing Overview (2018-2023)
    • 4.10.1 Pricing Overview (Acrylonitrile)
    • 4.10.2 Raw Material Pricing

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 Process Technology
    • 5.1.1 Ammoxidation Process
    • 5.1.2 Other Production Processes
  • 5.2 Application
    • 5.2.1 Acrylic Fiber
    • 5.2.2 Acrylonitrile Butadiene Styrene (ABS)/Styrene-Acrylonitrile Resin (SAN)
    • 5.2.3 Acrylamide
    • 5.2.4 Nitrile Butadiene Rubber (NBR)
    • 5.2.5 Other Applications
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Russia
    • 5.3.3.6 Rest of Europe
    • 5.3.4 Latin America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Colombia
    • 5.3.4.4 Rest of Latin America
    • 5.3.5 Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%) Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 AnQore
    • 6.4.2 Asahi Kasei Advance Corporation
    • 6.4.3 Ascend Performance Materials
    • 6.4.4 China Petrochemical Development Corporation
    • 6.4.5 China Petroleum & Chemical Corporation (SINOPEC)
    • 6.4.6 Cornerstone Chemical Company
    • 6.4.7 Formosa Plastics Corp.
    • 6.4.8 INEOS
    • 6.4.9 Jiangsu Shenghong Group Co. Ltd
    • 6.4.10 PetroChina (CNPC)
    • 6.4.11 SOCAR (Petkim Petrokimya Holding A)
    • 6.4.12 Taekwang Industrial Co. Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Budding Wastewater Treatment Applications
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Acrylonitrile Industry Segmentation

Acrylonitrile is a colorless, volatile, flammable liquid nitrile used chiefly in organic synthesis and for polymerization. Acrylonitrile provides excellent durability, strength, and heat-resistant properties. Acrylonitrile is the key ingredient in acrylic fibers used to make clothing, in plastics used to make computers, automobiles, and food casings, and in sports equipment.

The acrylonitrile market is segmented by application and geography. By application, the market is segmented by process technology (ammoxidation process and other production processes), by application (acrylic fiber, acrylonitrile butadiene styrene (ABS)/styrene-acrylonitrile resin (SAN), acrylamide, nitrile butadiene rubber (NBR), and other applications (carbon fiber, etc.)). The report also offers the market sizes and forecasts for 14 countries across major regions. For each segment, market sizing and forecasts were made on the basis of volume (kilotons).

Process Technology Ammoxidation Process
Other Production Processes
Application Acrylic Fiber
Acrylonitrile Butadiene Styrene (ABS)/Styrene-Acrylonitrile Resin (SAN)
Acrylamide
Nitrile Butadiene Rubber (NBR)
Other Applications
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Europe Germany
United Kingdom
Italy
France
Russia
Rest of Europe
Latin America Brazil
Argentina
Colombia
Rest of Latin America
Middle East and Africa
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Acrylonitrile Market Research FAQs

How big is the Acrylonitrile Market?

The Acrylonitrile Market size is expected to reach 8.66 million tons in 2025 and grow at a CAGR of greater than 5% to reach 11.06 million tons by 2030.

What is the current Acrylonitrile Market size?

In 2025, the Acrylonitrile Market size is expected to reach 8.66 million tons.

Who are the key players in Acrylonitrile Market?

INEOS, China Petroleum & Chemical Corporation, Asahi Kasei Corporation, Ascend Performance Materials and Jiangsu Shenghong Group Co., Ltd are the major companies operating in the Acrylonitrile Market.

Which is the fastest growing region in Acrylonitrile Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Acrylonitrile Market?

In 2025, the Asia Pacific accounts for the largest market share in Acrylonitrile Market.

What years does this Acrylonitrile Market cover, and what was the market size in 2024?

In 2024, the Acrylonitrile Market size was estimated at 8.23 million tons. The report covers the Acrylonitrile Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Acrylonitrile Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Acrylonitrile Industry Report

Statistics for the 2025 Acrylonitrile market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Acrylonitrile analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.