Acrylonitrile Catalyst Market Value Projected to Expand by 2031

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)

A full Report of Acrylonitrile Catalyst Market is Available @  https://www.omrglobal.com/industry-reports/acrylonitrile-catalyst-market

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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