Latest Survey On Acrylonitrile Market
The Acrylonitrile market report is a complete research study on the current state of the Acrylonitrile market with a focus on the regional market. This report presents the size of the market (value, production, and consumption), splits the breakdown (data status 2013-2018 and forecast to ‘2024’), by manufacturers, region, type, and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
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Acrylonitrile is an organic compound with the formula CH2CHCN. It is a clear, colorless liquid with a slightly pungent odor. And it is also a hazardous chemical substance and regulated as such throughout most of the world.Acrylonitrile is an important monomer for the manufacture of useful plastics such as polyacrylonitrile. It is reactive and toxic at low doses.
The scope of the Report
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.
Geographically, this report is segmented into several key regions, covering North America, South America, Asia-Pacific, Europe, Southeast Asia, Middle East, and Africa.
This report covers the key players’ data, including shipment, price, revenue, gross profit, interview record, business distribution, etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume, and value, as well as price data.
This research is helpful for all the players operating in the market, including the well-established players and the new entrants. This intelligent study provides the definition, description, and the overall forecasts of the global market, considering the market segments and sub-segments, which includes the product types, technologies, end-users, industry verticals, and the key geographies.
Market Segment by Manufacturers, this report covers, 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
Market Segment by Regions, regional analysis covers, North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers, Propylene Method, Propane Method
Market Segment by Applications can be divided into, Acrylic Fibres, ABS and SAN resins, Acrylamide, NBR, Others
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Moreover, the report also provides an in-depth analysis of some of the significant factors such as the driving forces, challenges, and threats that will shape the future of the market. In addition, the report also includes the lucrative opportunities in the micro markets for all the participants to invest in the global Acrylonitrile market. Besides, the report describes the product offerings and the competitive analysis of the major players operating in the market.
The prime objective of this Acrylonitrile research report is to define the size of the different segments and the geographies as well as to forecast the trends that are likely to gain traction in the following couple of years. This market research report has been designed to incorporate both the qualitative and quantitative aspects of the industry within each of the regions.
The scope of this report centers on key market analyses, market drivers & challenges, and competitive analysis & trends. The research report examines each market and its applications, regulatory scenario, technological innovations, Acrylonitrile market projections, market sizes, and shares. Moreover, the Acrylonitrile market report examines the most recent trends, pipeline products and developments in the Acrylonitrile market. Complete profiles of leading organizations in the market are also mentioned in this report.
Acrylonitrile market report highlights
1. The Acrylonitrile research report provides a detailed survey of the current and future industry trends so as to identify the investment analysis.
2. The industry forecasts, using estimated market values have been mentioned, till 2023.
3. The Acrylonitrile Market dynamics such as the drivers, restraints, threats, opportunities, and industry-specific challenges
4. Key industry trends across all the market segments and sub-segments, geographies, and nations.
5. Key developments and strategies determined in the market.
6. Detailed profiling of the leading competitors and the entrant market players.
7. Growth prospects among the emerging nations throughout the forecast period.
8. The Acrylonitrile Market opportunities and recommendations for new investments.
At last, It includes the methodical description of the various factors such as the market growth and detailed information about the different company’s revenue, growth, technological developments, production, and the various other strategic developments.
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Thus, the Acrylonitrile Market report serves as a valuable material for all industry competitors and individuals having a keen interest in Acrylonitrile Market study.