Acrylonitrile Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, South Korea, Germany - Size and Forecast 2024-2028

Published: Nov 2023 Pages: 177 SKU: IRTNTR43823

Acrylonitrile Market Forecast 2024-2028

The acrylonitrile market size is estimated to increase by USD 2.83 billion and grow at a CAGR of 4.21% between 2023 and 2028. The market's growth depends on several factors such as the high demand for acrylonitrile from APAC, the rising usage in the automotive industry, and the rise in construction activities. The acrylonitrile Market is experiencing robust growth, largely fueled by its burgeoning utilization within the automotive industry. This versatile compound serves as a vital raw material for manufacturing plastics, elastomers, and synthetic fibers, playing a pivotal role in the production of automotive components. As a significant alternative to metal components, acrylonitrile is extensively utilized in various automotive structural, powertrain, exterior, interior, and electronic parts, contributing significantly to efforts aimed at reducing vehicle weight.

What will be the  Acrylonitrile Market Size During the Forecast Period?

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Market Segmentation by Application, End-User, and Geography 

The report includes a comprehensive outlook on the Market, offering forecasts for the industry segmented by Application, which comprises ABS and SAN, acrylic fibers, polyacrylamide, nitrile butadiene rubber, and others. Additionally, it categorizes End-user into electrical and electronics, automotive, construction, packaging, and others, and covers Geography regions, including APAC, North America, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

Application Analysis 

The market share growth by the  ABS and SAN segment will be significant during the forecast period. Acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN) are used in several end-user industries such as home appliances, automotive, construction, and electrical and electronics. ABS plastic is used in household appliances such as control panels, vacuum cleaners, food, and refrigerator linings.

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The ABS and SAN segment accounted for USD 3.84 billion in 2018. In the automotive industry, ABS and SAN are used in dashboards, pillars, dashboard components, door trim and handles, backrests, and seat belt components. They are also used in exterior and interior parts of vehicles such as bumpers, fenders, panels, and handles. In the automotive industry, ABS and SAN are very popular plastic materials due to their properties such as lightness, high impact resistance and strength, and high chemical resistance. Growing production in the automotive industry will increase the consumption of ABS and SAN during the forecast period. 

End-user Analysis 

The electrical and electronics segment holds the largest share of the global market in 2023. As consumer appliances demonstrate qualities such as heat resistance and chemical resistance, the demand is rising as well. The need for consumer appliances is anticipated to be driven by evolving lifestyles, expanding consumer tastes, and rising per capita income. This will, in turn, increase demand in the consumer appliances sector during the forecast period. Due to all such factors, the global market is expected to grow significantly during the forecast period.

Region Analysis

APAC is estimated to contribute 65% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The APAC market is led by end-user industries such as automotive, construction, and water treatment. The presence of major car manufacturers in countries such as China, India, Japan, and South Korea is driving the demand for acrylonitrile, which is used to produce ABS plastics, elastomers, and synthetic fibers in cars. Acrylonitrile is an important substitute for metal parts. Acrylonitrile is used in automotive structural components, power transmission, exterior and interior finishing, and electronic and electrical components. An increase in automotive production volume to meet the needs of customers will increase the demand in the region during the forecast period.

Market Definition 

It is a colorless, volatile organic compound with a pungent smell. The highly flammable liquid is manufactured by the reaction of ammonia, propylene, and air in the presence of a catalyst, which contains a complex of catalytic oxides comprising bismuth, potassium, chromium, cobalt, cesium, cerium, nickel, iron, and molybdenum. 

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Market Dynamics and Customer Landscape

The market is witnessing significant growth propelled by diverse factors. One driving force is the rising demand for carbon fibers, where acrylonitrile serves as a crucial precursor. These fibers, known for their lightweight nature and exceptional strength, find extensive use in industries like aerospace, automotive, and construction. Additionally, the demand for acrylonitrile-based plastics, including ABS and non-latex gloves, is increasing due to their durability and suitability for various applications in consumer goods, construction, and electronics sectors.

Furthermore, the textile industry's expansion, particularly in regions like Asia Pacific, fuels the demand for acrylic fibers produced from acrylonitrile. As the industry continues to grow, acrylonitrile remains a key component in acrylic fiber manufacturing. Moreover, with a focus on improving thermal stability and chemical resistance, acrylonitrile-based products are becoming increasingly favored in sectors such as construction and automotive. Additionally, the market is witnessing a shift towards renewable chemicals, with companies investing in the development of bio-based polymers derived from acrylonitrile, aligning with growing environmental concerns and regulatory requirements.

Key Market Driver

The market is primarily driven by its rising usage in the automotive industry, where it serves as a key raw material for manufacturing plastics, elastomers, and synthetic fibers. As a major substitute for metal components, acrylonitrile finds extensive application in automotive structural, powertrain, exterior, interior, and electronic components, contributing to lightweighting efforts. Major automotive manufacturing countries like China, Germany, and the US utilize acrylonitrile-based plastics in various vehicle parts, leveraging their large manufacturing facilities. With an increase in automotive production globally, driven by demand from these key markets, the Acrylonitrile Market is expected to witness sustained growth during the forecast period.

Significant Market Trends

Technological advances in acrylonitrile production processes is the primary trend shaping market growth. The market players invest heavily in new production processes and advances in existing production technologies. The National Renewable Energy Laboratory (NREL) has developed a new catalytic method to produce renewable acrylonitrile using 3-hydroxy propionic acid (3-HP). This hybrid biological-catalytic process is used as an alternative to the conventional petrochemical production method for manufacturing acrylonitrile.

Furthermore, glycerol is collected as a by-product during biodiesel production. Therefore, unused glycerol is used for producing acrylonitrile. Glycerol is reacted with ammonia in the presence of oxygen and vanadium-antimony-based oxides as a catalyst, resulting in the formation, which will increase the production, promoting the growth of the global market during the forecast period.

Major Market Challenge

Fluctuating raw material prices for producing acrylonitrile is a challenge that affects market growth. It is produced by propylene ammoxidation, wherein propylene, ammonia, and air are reacted in a fluidized bed in the presence of a copper catalyst. This process, also known as the Sohio process, is extensively commercialized and is widely used by acrylonitrile manufacturers.

In addition, propylene and ammonia are the major raw materials required to produce acrylonitrile. The price of acrylonitrile fluctuated in APAC during the first quarter of 2022, which led to an unstable demand and supply. The prices decreased by almost 17% at September end and settled at USD 1678/MT. Thus, fluctuating prices may impede market growth during the forecast period.

Key Acrylonitrile Market Companies

Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

  • Asahi Kasei Corp.: The company offers acrylonitrile produced by using biomass derived raw material through its subsidiary Tongsuh Petrochemical.

The report also includes detailed analyses of the competitive landscape of the market and information about key market companies, including: 

AnQore, Ascend Performance Materials Operations LLC, Bhansali Engineering Polymers Ltd., China National Petroleum Corp., China Petrochemical Development Corp., Cornerstone Chemical Co., Formosa Plastics Corp., INEOS Group Holdings SA, LG Chem Ltd., Mitsubishi Chemical Corp., Petkim Petrokimya Holding AS, PJSC LUKOIL, Polymir, S.S.B. POLYMERS and S.S.B. ENTERPRISES, Sinopec Shanghai Petrochemical Co. Ltd., Sumitomo Chemical Co. Ltd., Taekwang Industrial Co. Ltd., Thermo Fisher Scientific Inc., and Tokyo Chemical Industry Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2018-2022. 

  • Deployment Outlook 
    • ABS and SAN
    • Acrylic fibers
    • Polyacrylamide
    • Nitrile butadiene rubber
    • Others
  • Application Outlook
    • Electrical and electronics
    • Automotive
    • Construction
    • Packaging
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Argentina
      • Chile

Market Analyst Overview

The Market showcases a dynamic landscape with a wide array of applications spanning various industries. Acrylonitrile Butadiene Styrene (ABS) and nitrile rubber are prominent derivatives widely used in aerospace & defense, automotive transmission belts, and consumer goods. Asahi Kasei Corporation, Solvay, and Repsol are key players in this sector, with a focus on alternative energy and bio-based polymers. The market also sees significant contributions from Trillium Renewable Chemicals and Capricorn Partners, emphasizing sustainability and innovation. Pricing analysis and import/export trends play crucial roles in shaping market dynamics, while durability and thermal stability remain essential characteristics driving the demand for acrylonitrile-based products.

Additionally, the market offers diverse application insights, spanning from adhesives to auto transmission belts, catering to industries like consumer appliances and the textile sector. With its role as a chemical intermediate, acrylonitrile contributes significantly to the production of carbon fibers, synthetic rubber, and non-latex gloves. The market's global presence extends to regions like Asia Pacific, where import/export and production-consumption analyses shape market trends. High strength and durability make acrylonitrile a preferred choice in the production of polyester fibers and binders. As companies like Southern Research and Lenntech BV drive innovation, patent analysis underscores ongoing advancements in this dynamic industry.

Acrylonitrile Market Scope

Report Coverage

Details

Page number

177

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.21%

Market growth 2024-2028

USD 2.83 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

3.48

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 65%

Key countries

US, China, Japan, South Korea, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AnQore, Asahi Kasei Corp., Ascend Performance Materials Operations LLC, Bhansali Engineering Polymers Ltd., China National Petroleum Corp., China Petrochemical Development Corp., Cornerstone Chemical Co., Formosa Plastics Corp., INEOS Group Holdings SA, LG Chem Ltd., Mitsubishi Chemical Corp., Petkim Petrokimya Holding AS, PJSC LUKOIL, Polymir, S.S.B. POLYMERS and S.S.B. ENTERPRISES, Sinopec Shanghai Petrochemical Co. Ltd., Sumitomo Chemical Co. Ltd., Taekwang Industrial Co. Ltd., Thermo Fisher Scientific Inc., and Tokyo Chemical Industry Co. Ltd.

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global acrylonitrile market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global acrylonitrile market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 ABS and SAN - Market size and forecast 2023-2028
      • Exhibit 34: Chart on ABS and SAN - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on ABS and SAN - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on ABS and SAN - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on ABS and SAN - Year-over-year growth 2023-2028 (%)
    • 6.4 Acrylic fibers - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Acrylic fibers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Acrylic fibers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Acrylic fibers - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Acrylic fibers - Year-over-year growth 2023-2028 (%)
    • 6.5 Polyacrylamide - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Polyacrylamide - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Polyacrylamide - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Polyacrylamide - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Polyacrylamide - Year-over-year growth 2023-2028 (%)
    • 6.6 Nitrile butadiene rubber - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Nitrile butadiene rubber - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Nitrile butadiene rubber - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Nitrile butadiene rubber - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Nitrile butadiene rubber - Year-over-year growth 2023-2028 (%)
    • 6.7 Others - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 54: Market opportunity by Application ($ billion)
      • Exhibit 55: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 56: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 57: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 58: Chart on Comparison by End-user
      • Exhibit 59: Data Table on Comparison by End-user
    • 7.3 Electrical and electronics - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Electrical and electronics - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Electrical and electronics - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Electrical and electronics - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Electrical and electronics - Year-over-year growth 2023-2028 (%)
    • 7.4 Automotive - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Automotive - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
    • 7.5 Construction - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Construction - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Data Table on Construction - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 70: Chart on Construction - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Construction - Year-over-year growth 2023-2028 (%)
    • 7.6 Packaging - Market size and forecast 2023-2028
      • Exhibit 72: Chart on Packaging - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Data Table on Packaging - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 74: Chart on Packaging - Year-over-year growth 2023-2028 (%)
      • Exhibit 75: Data Table on Packaging - Year-over-year growth 2023-2028 (%)
    • 7.7 Others - Market size and forecast 2023-2028
      • Exhibit 76: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 78: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 79: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.8 Market opportunity by End-user
      • Exhibit 80: Market opportunity by End-user ($ billion)
      • Exhibit 81: Data Table on Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 82: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 83: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 84: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 85: Chart on Geographic comparison
      • Exhibit 86: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 87: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 103: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 107: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 111: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 Japan - Market size and forecast 2023-2028
      • Exhibit 115: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 116: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 117: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.11 South Korea - Market size and forecast 2023-2028
      • Exhibit 119: Chart on South Korea - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 120: Data Table on South Korea - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 121: Chart on South Korea - Year-over-year growth 2023-2028 (%)
      • Exhibit 122: Data Table on South Korea - Year-over-year growth 2023-2028 (%)
    • 9.12 Germany - Market size and forecast 2023-2028
      • Exhibit 123: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 124: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 125: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 126: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 127: Market opportunity by geography ($ billion)
      • Exhibit 128: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 129: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 130: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 131: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 132: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 133: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 134: Matrix on vendor position and classification
            • 12.3 AnQore
              • Exhibit 135: AnQore - Overview
              • Exhibit 136: AnQore - Product / Service
              • Exhibit 137: AnQore - Key offerings
            • 12.4 Asahi Kasei Corp.
              • Exhibit 138: Asahi Kasei Corp. - Overview
              • Exhibit 139: Asahi Kasei Corp. - Business segments
              • Exhibit 140: Asahi Kasei Corp. - Key news
              • Exhibit 141: Asahi Kasei Corp. - Key offerings
              • Exhibit 142: Asahi Kasei Corp. - Segment focus
            • 12.5 Ascend Performance Materials Operations LLC
              • Exhibit 143: Ascend Performance Materials Operations LLC - Overview
              • Exhibit 144: Ascend Performance Materials Operations LLC - Product / Service
              • Exhibit 145: Ascend Performance Materials Operations LLC - Key news
              • Exhibit 146: Ascend Performance Materials Operations LLC - Key offerings
            • 12.6 China National Petroleum Corp.
              • Exhibit 147: China National Petroleum Corp. - Overview
              • Exhibit 148: China National Petroleum Corp. - Product / Service
              • Exhibit 149: China National Petroleum Corp. - Key offerings
            • 12.7 China Petrochemical Development Corp.
              • Exhibit 150: China Petrochemical Development Corp. - Overview
              • Exhibit 151: China Petrochemical Development Corp. - Product / Service
              • Exhibit 152: China Petrochemical Development Corp. - Key offerings
            • 12.8 Formosa Plastics Corp.
              • Exhibit 153: Formosa Plastics Corp. - Overview
              • Exhibit 154: Formosa Plastics Corp. - Product / Service
              • Exhibit 155: Formosa Plastics Corp. - Key offerings
            • 12.9 INEOS Group Holdings SA
              • Exhibit 156: INEOS Group Holdings SA - Overview
              • Exhibit 157: INEOS Group Holdings SA - Business segments
              • Exhibit 158: INEOS Group Holdings SA - Key news
              • Exhibit 159: INEOS Group Holdings SA - Key offerings
              • Exhibit 160: INEOS Group Holdings SA - Segment focus
            • 12.10 Mitsubishi Chemical Corp.
              • Exhibit 161: Mitsubishi Chemical Corp. - Overview
              • Exhibit 162: Mitsubishi Chemical Corp. - Business segments
              • Exhibit 163: Mitsubishi Chemical Corp. - Key offerings
              • Exhibit 164: Mitsubishi Chemical Corp. - Segment focus
            • 12.11 Petkim Petrokimya Holding AS
              • Exhibit 165: Petkim Petrokimya Holding AS - Overview
              • Exhibit 166: Petkim Petrokimya Holding AS - Product / Service
              • Exhibit 167: Petkim Petrokimya Holding AS - Key offerings
            • 12.12 PJSC LUKOIL
              • Exhibit 168: PJSC LUKOIL - Overview
              • Exhibit 169: PJSC LUKOIL - Product / Service
              • Exhibit 170: PJSC LUKOIL - Key offerings
            • 12.13 S.S.B. POLYMERS and S.S.B. ENTERPRISES
              • Exhibit 171: S.S.B. POLYMERS and S.S.B. ENTERPRISES - Overview
              • Exhibit 172: S.S.B. POLYMERS and S.S.B. ENTERPRISES - Product / Service
              • Exhibit 173: S.S.B. POLYMERS and S.S.B. ENTERPRISES - Key offerings
            • 12.14 Sumitomo Chemical Co. Ltd.
              • Exhibit 174: Sumitomo Chemical Co. Ltd. - Overview
              • Exhibit 175: Sumitomo Chemical Co. Ltd. - Business segments
              • Exhibit 176: Sumitomo Chemical Co. Ltd. - Key offerings
              • Exhibit 177: Sumitomo Chemical Co. Ltd. - Segment focus
            • 12.15 Taekwang Industrial Co. Ltd.
              • Exhibit 178: Taekwang Industrial Co. Ltd. - Overview
              • Exhibit 179: Taekwang Industrial Co. Ltd. - Product / Service
              • Exhibit 180: Taekwang Industrial Co. Ltd. - Key offerings
            • 12.16 Thermo Fisher Scientific Inc.
              • Exhibit 181: Thermo Fisher Scientific Inc. - Overview
              • Exhibit 182: Thermo Fisher Scientific Inc. - Business segments
              • Exhibit 183: Thermo Fisher Scientific Inc. - Key news
              • Exhibit 184: Thermo Fisher Scientific Inc. - Key offerings
              • Exhibit 185: Thermo Fisher Scientific Inc. - Segment focus
            • 12.17 Tokyo Chemical Industry Co. Ltd.
              • Exhibit 186: Tokyo Chemical Industry Co. Ltd. - Overview
              • Exhibit 187: Tokyo Chemical Industry Co. Ltd. - Product / Service
              • Exhibit 188: Tokyo Chemical Industry Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 189: Inclusions checklist
                • Exhibit 190: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 191: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 192: Research methodology
                • Exhibit 193: Validation techniques employed for market sizing
                • Exhibit 194: Information sources
              • 13.5 List of abbreviations
                • Exhibit 195: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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