Global Acrylonitrile Market - Upcoming Trends, Growth Drivers and Challenges – Forecast to 2026
Summary -
A new market
study, titled “Global Acrylonitrile Market
- Upcoming Trends,
Growth Drivers and Challenges – Forecast to 2026” has been featured on
WiseGuyReports.
Acrylonitrile industry has low technology
barrier and is labor intensive industry. Currently, there are several producing
companies in the world acrylonitrile industry. The main market players are
Ineos, Ascend performance Materials, AnQore, Asahi Kasei, Jilin Petrochemical
Company. The production of acrylonitrile will increase to 6255.1 K MT in 2016
from 5019.6 K MT in 2011 with average growth rate of 4.50%. Global
Acrylonitrile capacity utilization rate remained at around 82.55% in 2015.
In consumption market, the global consumption
value of Acrylonitrile increases with the 0.13% average growth rate. Europe and
China are the mainly consumption regions due to the bigger demand of downstream
applications. In 2015, these two regions occupied 51.12% of the global
consumption volume in total.
Acrylonitrile has mainly two production
technologies, which include propylene method and propane method. And recently,
propylene method is the common method in production of acrylonitrile. As
acrylonitrile is main raw material of some chemicals, the downstream
application industries will need more acrylonitrile. So, acrylonitrile has a
huge market potential in the future. Manufacturers engaged in the industry are
trying to produce high purity and good performance acrylonitrile through
improving technology.
The major raw materials for acrylonitrile are
propylene, propane and ammonia. Fluctuations in the price of the upstream
product will impact on the production cost of Acrylonitrile. The production
cost of acrylonitrile is also an important factor which could impact the price
of acrylonitrile. The acrylonitrile manufacturers are trying to reduce
production cost by developing production method.
We tend to believe this industry is a rising
industry, and the consumption increasing degree will show a smooth growth
curve. In past five years, the price presents decreasing trend according to the
economy development status and international competition. Also, there is
decreasing trend in gross margin.
Since the COVID-19 virus outbreak in December
2019, the disease has spread to almost 100 countries around the globe with the
World Health Organization declaring it a public health emergency. The global
impacts of the coronavirus disease 2019 (COVID-19) are already starting to be
felt, and will significantly affect the Acrylonitrile 3900 market in 2020.
COVID-19 can affect the global economy in three
main ways: by directly affecting production and demand, by creating supply
chain and market disruption, and by its financial impact on firms and financial
markets.
The outbreak of COVID-19 has brought effects on
many aspects, like flight cancellations; travel bans and quarantines;
restaurants closed; all indoor events restricted; over forty countries state of
emergency declared; massive slowing of the supply chain; stock market
volatility; falling business confidence, growing panic among the population,
and uncertainty about future.
This report also analyses the impact of
Coronavirus COVID-19 on the Acrylonitrile 3900 industry.
Based on our recent survey, we have several
different scenarios about the Acrylonitrile 3900 YoY growth rate for 2020. The
probable scenario is expected to grow by a xx% in 2020 and the revenue will be
xx in 2020 from US$ 11380 million in 2019. The market size of Acrylonitrile
3900 will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.
With industry-standard accuracy in analysis and
high data integrity, the report makes a brilliant attempt to unveil key
opportunities available in the global Acrylonitrile market to help players in
achieving a strong market position. Buyers of the report can access verified
and reliable market forecasts, including those for the overall size of the
global Acrylonitrile market in terms of both revenue and volume.
Players, stakeholders, and other participants
in the global Acrylonitrile market will be able to gain the upper hand as they
use the report as a powerful resource. For this version of the report, the
segmental analysis focuses on sales (volume), revenue and forecast by each
application segment in terms of sales and revenue and forecast by each type
segment in terms of revenue for the period 2015-2026.
Sales and Pricing Analyses
Readers are provided with deeper sales analysis
and pricing analysis for the global Acrylonitrile market. As part of sales
analysis, the report offers accurate statistics and figures for sales and
revenue by region, by each type segment for the period 2015-2026.
In the pricing analysis section of the report,
readers are provided with validated statistics and figures for the price by
players and price by region for the period 2015-2020 and price by each type
segment for the period 2015-2020.
Regional and Country-level Analysis
The report offers an exhaustive geographical
analysis of the global Acrylonitrile market, covering important regions, viz,
North America, Europe, China and Japan. It also covers key countries (regions),
viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South
Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines,
Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.
The report includes country-wise and
region-wise market size for the period 2015-2026. It also includes market size
and forecast by each application segment in terms of sales for the period
2015-2026.
Competition Analysis
In the competitive analysis section of the
report, leading as well as prominent players of the global Acrylonitrile market
are broadly studied on the basis of key factors. The report offers
comprehensive analysis and accurate statistics on sales by the player for the
period 2015-2020. It also offers detailed analysis supported by reliable
statistics on price and revenue (global level) by player for the period
2015-2020.
On the whole, the report proves to be an
effective tool that players can use to gain a competitive edge over their
competitors and ensure lasting success in the global Acrylonitrile market. All
of the findings, data, and information provided in the report are validated and
revalidated with the help of trustworthy sources. The analysts who have
authored the report took a unique and industry-best research and analysis
approach for an in-depth study of the global Acrylonitrile market.
The following manufacturers are covered in this
report:
Ineos
Ascend performance Materials
Cornerstone
Unigel
AnQore
Saratovorgsintez Saratov
Repsol Chemicals
Petkim
Taekwang Industrial
Formosa Plastics
Shanghai Secco Petrochemical
CPDC
Anqing Petrochemical
Asahi Kasei
Jilin Petrochemical Company
Wanda Petrochemical
Shandong Qilu Petrochemical Qitai Petrochemical
Reliance Industries
Acrylonitrile Breakdown Data by Type
Propylene Method
Propane Method
Acrylonitrile Breakdown Data by Application
Acrylic Fibres
ABS and SAN resins
Acrylamide
NBR
Others
FOR MORE DETAILS : https://www.wiseguyreports.com/reports/5279686-global-acrylonitrile-market-insights-forecast-to-2026
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