Acrylonitrile Market Size, Share, Growth Analysis, By Production process(Propylene ammoxidation, propane ammoxidation, and others), By Application(Acrylic fibers, ABS (acrylonitrile-butadiene-styrene) resins, adiponitrile, and others), By Region - Industry Forecast 2024-2031

The Asia-Pacific region is the fastest-growing region in the global acrylonitrile market. The region dominated the market in terms of both production and consumption and is expected to maintain its dominance during the forecast period. The growing demand for acrylonitrile from various end-use industries, such as textiles, automotive, and electronics, coupled with the presence of major producers in the region, particularly in China and Japan, contributed to the region's rapid growth. Additionally, the increasing investment in research and development activities and the development of advanced technologies and manufacturing capabilities in the region were expected to further drive the growth of the acrylonitrile market in the Asia-Pacific region.

The North America region is a significant market for acrylonitrile, which is used in various industries such as automotive, construction, electronics, and textiles. The demand for Acrylonitrile in North America is primarily driven by the growing demand for acrylonitrile-butadiene-styrene (ABS) resins in the automotive industry. Acrylonitrile is also used in the production of carbon fiber, which is widely used in the aerospace industry. The largest application of acrylonitrile in North America is in the production of synthetic fibers and resins. It is also used in the production of plastics, rubber, and elastomers. The majority of the acrylonitrile produced in North America is done through the Sohio process, which is a catalytic process. The process uses propylene, ammonia, and air to produce acrylonitrile. The North America region has stringent environmental regulations, which have led to the adoption of green technologies and sustainable practices in the production of acrylonitrile. Companies are investing in new technologies to reduce their carbon footprint and improve their environmental performance.