Acrylonitrile (ACN) Market To Gain Significant Growth Owing To Rising Usage In Manufacturing Process Of Elastomers And Synthetic Fibres Till 2022 | Million Insights

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According to new report available with Million Insights, Acrylonitrile (ACN) is a compound that is colorless in nature and appears as a volatile liquid.The factors that are boosting the Acrylonitrile (ACN) industry growth may include robust technological advancements, rise in the industrialization, rising applications across various sectors, mounting demands, rise in the awareness among the end users, existence of significant players, and augmented economic growth.

The global Acrylonitrile (ACN) Market is expected to grow at an exponential CAGR in the years to come due to augmenting applications and scope across the globe. Acrylonitrile (ACN) is a compound that is colorless in nature and appears as a volatile liquid. It is extensively used as a monomer in the manufacturing process of elastomers, synthetic fibres, polyacrylonitrile as well as various other plastics. Its most wide employment has been observed in the production of acrylic fibres that are said to be soft and light in touch possessing a warm feeling. The usage of acrylic fibres lies in the production process of clothing including socks, sportswear, sweaters and jumpers. In addition, home furnishings and bedding like upholstery, cushions, carpets, and blankets make extensive use of it. Due to its rising benefits and applications across various sectors, the market is gaining huge recognition across the globe.

Full Research Report On Global Acrylonitrile (ACN) Market Analysis available at: https://www.millioninsights.com/industry-reports/acrylonitrile-acn-market

The factors that are boosting the Acrylonitrile (ACN) industry growth may include robust technological advancements, rise in the industrialization, rising applications across various sectors, mounting demands, rise in the awareness among the end users, existence of significant players, and augmented economic growth. The only factor that is impeding the Acrylonitrile (ACN) market growth may include soaring prices of the compound due to heightened feedstock costs.  It has been anticipated that the industry will experience a robust growth in the next couple of years due to rising applications and scope around the globe. Acrylonitrile (ACN) Market is segmented on the basis of application as SAN (styrene-acrylonitrile), adiponitrile, NBR (nitrile-butadiene-rubber), ABS (acrylonitrile-butadiene-styrene), acrylamide, and others.

The market is segregated by geography as North America, Southeast Asia, China, Europe, Japan, and India. Among all the geographical regions, it has been observed that Asia Pacific is lately been considered as the leader of the Acrylonitrile (ACN) market and the region will go on growing with the same pace, the reason being augmented industrialization, urbanization, augmented awareness among the end users regarding the applications of the compound, and emergence of leading companies in the region. In contrast, Europe and North America are showing a much sluggish growth in the industry due to strict regulations, lowered production, and rising prices. The prominent players operating in the Acrylonitrile (ACN) Market are recognized as Mitsubishi Rayon Co, Ineos, Shanghai SECCO Petrochemical Co, Ascend Performance Materials, Asahi Chemicals, Petro China, Formosa Plastics Corp, and SINOPEC.

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Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Acrylonitrile in these regions, from 2012 to 2022 (forecast), covering

• North America

• Europe

• China

• Japan

• Southeast Asia

• India

Global Acrylonitrile market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

• 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

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

• Propylene Method

• Propane Method

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/chemicals

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Acrylonitrile for each application, including

• Acrylic Fibres

• ABS and SAN resins

• Acrylamide

• NBR

• Others

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