The global acrylonitrile catalyst market is anticipated to grow at a moderate CAGR of4.5% during the forecast period (2024-2031). The major companies in the market make significant investments in both new and improved production technologies and processes. New technologies are being used to manufacture sustainable products. For instance, in June 2023, INEOS Nitriles launched Invireo TM bio-based Acrylonitrile to deliver 90% reduction of greenhouse gas emissions. InvireoTMhas have been fully certified products according to the industry-leading standards of ISCC Plus and RSB. The company delivers a 90% lower carbon footprint compared to conventionally produced acrylonitrile.
Increasing in demand in the automotive sector, where it is an important raw material for the production of plastics, elastomers, and synthetic fibers, is driving the market growth. Acrylonitrile is widely used as a significant alternative to metal in automobile structural, powertrain, exterior, interior, and electrical components, which helps in the lightweighting process.
In March 2024, The Mitsubishi Chemical Group (the MCG Group) announced the development of a carbon fiber prepreg material, which is made using plant-derived resin. By expanding BiOpreg portfolio and adding the BiOpreg 400 series which contains glass fiber and carbon fiber prepreg. The prepreg has been mainly used for sports and mobility applications due to its characteristics, which include rapid curability, heat resistance and high toughness.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Application
- By End-use
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- include Ineos, China Petrochemical Development Corp., Asahi Kasei Advance Corp., Ascend Performance Material, Chemelot, Formosa Plastics Corp. among others.
Acrylonitrile Catalyst Market Report Segment
By Application
- Acrylic Fibers
- Adiponitrile
- Styrene Acrylonitrile Resin (SAR)
- Acrylonitrile Butadiene Styrene (ABS)
- Acrylamide
- Carbon Fiber
- Nitrile Rubber
- Others (Polyacrylamide)
By End-use
- Electrical and electronics
- Automotive
- Construction
- Packaging
- Others (oil & gas, defense and aerospace)
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Acrylonitrile Catalyst Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Albemarle Corp.
- Armacell
- Ascend Performance Material
- Basf SE
- Chemelot
- Clariant
- Formosa Plastics Corp.
- Liaoning Xiangyang Chemicals Group
- Mitsubishi Chemical Group Corp.
- Neos Company Ltd.
- Rezel Catalysts Corp.
- Secco
- Sumitomo Chemical Co., Ltd.
- Taekwang Industrial Co., Ltd.
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