Europe Acrylonitrile Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Jan 2022 Pages: 120 SKU: IRTNTR72252

The predicted growth for the acrylonitrile market share in Europe from 2021 to 2026 is 160.53 thousand tons at a progressing CAGR of 3.34%.

This acrylonitrile market in Europe forecast report extensively covers segmentations by:

  • Application - ABS and SAN, acrylic fibers, polyacrylamide, nitrile butadiene rubber, and other
  • Geography - Germany, Italy, France, UK, and Rest of Europe

The acrylonitrile market report in Europe offers information on several market vendors, including Asahi Kasei Corp., Ascend Performance Materials Operations LLC, China Petroleum and Chemical Corp., INEOS Group Holdings SA, Lenntech BV, Mitsubishi Chemical Corp., PJSC LUKOIL, Shanghai SECCO Petrochemical Co. Ltd., Sumitomo Chemical Co. Ltd., and Taekwang Group among others. Furthermore, our analysts have provided valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches for the coming years.

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

Download the Free Report Sample to Unlock the Acrylonitrile Market Size in Europe for the Forecast Period and Other Important Statistics

 

Acrylonitrile Market in Europe: Key Drivers, Trends, and Challenges

The increasing demand for acrylonitrile from the automotive industry is notably driving the acrylonitrile market growth in Europe, although factors such as health hazards caused by acrylonitrile may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the acrylonitrile industry in Europe. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Acrylonitrile Market Driver in Europe

One of the key factors driving growth in the Europe acrylonitrile market growth is the increasing demand for acrylonitrile from the automotive industry. Acrylonitrile is the primary raw material used to manufacture plastics, elastomers, and synthetic fibers. It is one of the major substitutes for metal components as well. Currently, the automotive industry in Europe is the largest consumer of acrylonitrile. Auto manufacturers are focusing on manufacturing lightweight, fuel-efficient, and environment-friendly automobiles to comply with stringent environmental regulations on vehicular emissions. Major automotive manufacturing countries in Europe, such as Germany, France, and Italy, use acrylonitrile in the form of plastics in various automotive components. The above-mentioned countries have large manufacturing facilities for automotive production. The increasing production of vehicles will lead to a rise in the demand for acrylonitrile in Europe.

Key Acrylonitrile Market Trend in Europe

The increasing carbon fiber production is another factor supporting the Europe acrylonitrile market share growth. Carbon fiber is a long, thin, strong, and lightweight material that is made from polyacrylonitrile (PAN), an organic polymer. Acrylonitrile is the primary raw material for producing PAN. Approximately 90% of carbon fibers are made from PAN, and the rest are made of rayon or petroleum pitch. Carbon fiber is stronger and lighter than steel. It is extensively used in the aerospace and defense, sports and leisure, wind energy, and automotive sectors. The increasing demand for carbon fibers in the aerospace and defense, sports, and leisure sectors will drive the demand for acrylonitrile during the forecast period. In the aerospace industry, carbon fibers are used to manufacture structures and components for aircraft and spacecraft. The applications include hot air balloon gondolas and gliders, passenger airliners, fighter planes, and space shuttles. The increasing demand for carbon fibers from the major application segments will drive the consumption of acrylonitrile

Key Acrylonitrile Market Challenge in Europe

The health hazards caused by acrylonitrile will be a major challenge for the Europe acrylonitrile market growth during the forecast period. ABS is a polymer manufactured by the polymerization of acrylonitrile and styrene polymers in the presence of polybutadiene rubber. Acrylonitrile is one of the raw materials of ABS and is identified as hazardous by the European Chemical Agency (ECHA). It is released into the air and wastewater during the industrial production and consumption of ABS. Inhalation of acrylonitrile is hazardous and affects workers in production units and warehouse storage areas. The release of acrylonitrile into the aquatic environment can pose major risks to aquatic species. Therefore, health hazards caused by acrylonitrile can reduce the growth of the acrylonitrile market in Europe.

This acrylonitrile market in Europe analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the acrylonitrile market in Europe as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the acrylonitrile market in Europe during the forecast period.

Who are the Major Acrylonitrile Market Vendors in Europe?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Asahi Kasei Corp.
  • Ascend Performance Materials Operations LLC
  • China Petroleum and Chemical Corp.
  • INEOS Group Holdings SA
  • Lenntech BV
  • Mitsubishi Chemical Corp.
  • PJSC LUKOIL
  • Shanghai SECCO Petrochemical Co. Ltd.
  • Sumitomo Chemical Co. Ltd.
  • Taekwang Group

 

This statistical study of the acrylonitrile market in Europe encompasses successful business strategies deployed by the key vendors. The acrylonitrile market in Europe is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

Product Insights and News

  • Asahi Kasei Corp. - The company offers a range of acetonitrile such as chemical grade, reagent grade, and highly purified grade

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The acrylonitrile market in Europe forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Acrylonitrile Market in Europe Value Chain Analysis

Our report provides extensive information on the value chain analysis for the acrylonitrile market in Europe, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the commodity chemicals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Acrylonitrile Market in Europe?

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46% of the market's growth will originate from Germany during the forecast period. Market growth in this region will be faster than the growth of the market in Italy, the UK, and the Rest of Europe regions.

The presence of major automotive manufacturers will facilitate the acrylonitrile market growth in Germany over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 had a negative impact on the regional market. However, the growing focus of automotive manufacturers on investing in and developing advanced EVs, the rise in the number of automotive manufacturers in several countries in the region, and the initiation of construction activities in Q3 2021 are the major factors expected to contribute to the recovery and growth of the acrylonitrile market in Germany during the forecast period.

What are the Revenue-generating Application Segments in the Acrylonitrile Market in Europe?

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The acrylonitrile market share growth in Europe by the ABS and SAN segment will be significant during the forecast period. The increasing demand for household appliances will boost the demand for ABS and SAN. ABS is used in these household appliances owing to its properties such as high impact resistance, excellent insulating properties, high weldability, abrasion and stress resistance, outstanding surface brightness, and excellent surface aspects. In the automotive industry, ABS and SAN are highly preferred plastic materials, owing to their properties such as lightweight, high impact and strength resistance, and high chemical resistance. Increasing automotive production will drive the consumption of ABS and SAN during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the acrylonitrile market size in Europe and actionable market insights on post COVID-19 impact on each segment.

 

Acrylonitrile Market Scope in Europe

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.34%

Market growth 2022-2026

160.53 th tons

Market structure

Fragmented

YoY growth (%)

2.52

Regional analysis

Europe

Performing market contribution

Germany at 46%

Key consumer countries

 Germany, Italy, France, UK, and Rest of Europe

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Asahi Kasei Corp., Ascend Performance Materials Operations LLC, China Petroleum and Chemical Corp., INEOS Group Holdings SA, Lenntech BV, Mitsubishi Chemical Corp., PJSC LUKOIL, Shanghai SECCO Petrochemical Co. Ltd., Sumitomo Chemical Co. Ltd., and Taekwang Group

Market dynamics

Parent market analysis, 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 the forecast period

Customization purview

If our 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 Acrylonitrile Market Report in Europe?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive acrylonitrile market growth in Europe during the next five years
  • Precise estimation of the acrylonitrile market size in Europe and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the acrylonitrile industry in Europe across Germany, Italy, France, UK, and Rest of Europe
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of acrylonitrile market vendors in Europe

We can help! Our analysts can customize this report to meet your requirements. Get in touch

***1. Executive Summary                         

               **1.1     Market Overview            

                              *Exhibit 01:  Key Finding 1

                              *Exhibit 02:  Key Finding 2

                              *Exhibit 03:  Key Finding 3

                              *Exhibit 04:  Key Finding 5

                              *Exhibit 05:  Key Finding 6

                              *Exhibit 06:  Key Finding 7

***2. Market Landscape

               **2.1 Market ecosystem             

                              *2.1.1 Parent Market

                              *Exhibit 07  Parent market

                              *Exhibit 08:  Market characteristics

               **2.2 Value Chain Analysis          

                              *Exhibit 09:  Value Chain Analysis: Commodity chemicals

                              *2.2.1    Inbound logistics

                              *2.2.2    Operations

                              *2.2.3    Outbound logistics

                              *2.2.4    Marketing and sales

                              *Support activities

                              *Innovations

***3. Market Sizing                      

               **3.1 Market definition

                              *Exhibit 10:  Offerings of vendors included in the market definition

               **3.2 Market segment analysis  

                              *Exhibit 11:  Market segments

               **3.3 Market size 2021 

               **3.4 Market outlook: Forecast for 2021 - 2026 

                              *Exhibit 12:  Global - Market size and forecast 2021 - 2026 (thousand tons)

                              *Exhibit 13:  Global market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis                         

               **4.1 Five Forces Summary         

                              *Exhibit 14:  Five forces analysis 2021 - 2026

               **4.2 Bargaining power of buyers            

                              *Exhibit 15: Bargaining power of the buyer

               **4.3 Bargaining power of suppliers        

                              *Exhibit 16: Bargaining power of the supplier

               **4.4 Threat of new entrants     

                              *Exhibit 17: Threat of new entrants

               **4.5 Threat of substitutes          

                              *Exhibit 18: Threat of substitutes

               **4.6 Threat of rivalry   

                              *Exhibit 19: Threat of rivalry

               **4.7 Market condition 

                              *Exhibit 20: Market condition - Five forces 2021

***5. Market Segmentation by  Application

               **5.1 Market segments

                              *Exhibit 21:   Application- Market share 2021 - 2026 (%)

               **5.2 Comparison by Application             

                              *Exhibit 22:  Comparison by  Application

               **5.3 ABS and SAN - Market size and forecast 2021-2026              

                              *Exhibit 23:  ABS and SAN - Market size and forecast 2021-2026 (thousand tons)

                              *Exhibit 24:  ABS and SAN - Year-over-year growth 2021-2026 (%)

               **5.4 Acrylic fibers - Market size and forecast 2021-2026              

                              *Exhibit 25:  Acrylic fibers - Market size and forecast 2021-2026 (thousand tons)

                              *Exhibit 26:  Acrylic fibers - Year-over-year growth 2021-2026 (%)

               **5.5 Polyacrylamide - Market size and forecast 2021-2026         

                              *Exhibit 27:  Polyacrylamide - Market size and forecast 2021-2026 (thousand tons)

                              *Exhibit 28:  Polyacrylamide - Year-over-year growth 2021-2026 (%)

               **5.6 Nitrile butadiene rubber - Market size and forecast 2021-2026       

                              *Exhibit 29:  Nitrile butadiene rubber - Market size and forecast 2021-2026 (thousand tons)

                              *Exhibit 30:  Nitrile butadiene rubber - Year-over-year growth 2021-2026 (%)

               **5.7 Others - Market size and forecast 2021-2026          

                              *Exhibit 31:  Others - Market size and forecast 2021-2026 (thousand tons)

                              *Exhibit 32:  Others - Year-over-year growth 2021-2026 (%)

               **5.8 Market opportunity by Application              

                              *Exhibit 33:  Market opportunity by Application

***6. Customer landscape                        

                              *Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

               **6.1 Overview

                              *Exhibit 34:  Customer landscape

***7. Geographic Landscape                    

               **7.1 Geographic segmentation

                              *Exhibit 35:  Market share by geography 2021-2026 (%)

               **7.2 Geographic comparison    

                              *Exhibit 36:  Geographic comparison

               **7.3 Germany - Market size and forecast 2021-2026      

                              *Exhibit 37:  Germany - Market size and forecast 2021-2026 (thousand tons)

                              *Exhibit 38:  Germany - Year-over-year growth 2021-2026 (%)

               **7.4 Italy - Market size and forecast 2021-2026

                              *Exhibit 39:  Italy - Market size and forecast 2021-2026 (thousand tons)

                              *Exhibit 40:  Italy - Year-over-year growth 2021-2026 (%)

               **7.5 France - Market size and forecast 2021-2026          

                              *Exhibit 41:  France - Market size and forecast 2021-2026 (thousand tons)

                              *Exhibit 42:  France - Year-over-year growth 2021-2026 (%)

               **7.6 UK - Market size and forecast 2021-2026  

                              *Exhibit 43:  UK - Market size and forecast 2021-2026 (thousand tons)

                              *Exhibit 44:  UK - Year-over-year growth 2021-2026 (%)

               **7.7 Rest of Europe - Market size and forecast 2021-2026          

                              *Exhibit 45:  Rest of Europe - Market size and forecast 2021-2026 (thousand tons)

                              *Exhibit 46:  Rest of Europe - Year-over-year growth 2021-2026 (%)

               **7.8 Market opportunity by geography

                              *Exhibit 47:  Market opportunity by geography ($ million)

***8. Drivers, Challenges, and Trends                  

               **8.1 Market drivers      

                              *8.1.1    Increasing demand for acrylonitrile from the automotive industry

                              *8.1.2    Growing demand for acrylic fibers

                              *8.1.3    Rise in demand for plastic pipes and sheets

               **8.2 Market challenges              

                              *8.2.1    Health hazards caused by acrylonitrile

                              *8.2.2    Fluctuating raw material prices

                              *8.2.3    Increasing number of alternatives to acrylic fiber

                              *Exhibit 48:  Impact of drivers and challenges

               **8.3 Market trends      

                              *8.3.1    Increasing carbon fiber production

                              *8.3.2    Technological advances in acrylonitrile production processes

                              *8.3.3    Growing demand for personal care products

***9. Vendor Landscape                            

               **9.1 Overview

                              *Exhibit 49:  Vendor landscape

               **9.2 Landscape disruption         

                              *Exhibit 50:  Landscape disruption

                              *Exhibit 51: Industry Risk

***10. Vendor Analysis               

               **10.1 Vendors covered              

                              *Exhibit 52: Vendors covered

               **10.2 Market positioning of vendors    

                              *Exhibit 53: ?Market positioning of vendors?

               **10.3 Asahi Kasei Corp.             

                              *Exhibit 54:  Asahi Kasei Corp. - Overview

                              *Exhibit 55:  Asahi Kasei Corp. - Business segments

                              *Exhibit 56:  Asahi Kasei Corp.-Key news

                              *Exhibit 57:  Asahi Kasei Corp. - Key offerings

                              *Exhibit 58:  Asahi Kasei Corp. - Segment focus

               **10.4 Ascend Performance Materials Operations LLC    

                              *Exhibit 59:  Ascend Performance Materials Operations LLC - Overview

                              *Exhibit 60:  Ascend Performance Materials Operations LLC - Product and service

                              *Exhibit 61:  Ascend Performance Materials Operations LLC- Key news

                              *Exhibit 62:  Ascend Performance Materials Operations LLC - Key offerings

               **10.5 China Petroleum and Chemical Corp.       

                              *Exhibit 63:  China Petroleum and Chemical Corp. - Overview

                              *Exhibit 64:  China Petroleum and Chemical Corp. - Business segments

                              *Exhibit 65:  China Petroleum and Chemical Corp.- Key news

                              *Exhibit 66:  China Petroleum and Chemical Corp. - Key offerings

                              *Exhibit 67:  China Petroleum and Chemical Corp. - Segment focus

               **10.6 INEOS Group Holdings SA             

                              *Exhibit 68:  INEOS Group Holdings SA - Overview

                              *Exhibit 69:  INEOS Group Holdings SA - Business segments

                              *Exhibit 70:  INEOS Group Holdings SA- Key news

                              *Exhibit 71:  INEOS Group Holdings SA - Key offerings

                              *Exhibit 72:  INEOS Group Holdings SA - Segment focus

               **10.7 Lenntech BV       

                              *Exhibit 73:  Lenntech BV - Overview

                              *Exhibit 74:  Lenntech BV - Product and service

                              *Exhibit 75:  Lenntech BV - Key offerings

               **10.8 Mitsubishi Chemical Corp.            

                              *Exhibit 76:  Mitsubishi Chemical Corp. - Overview

                              *Exhibit 77:  Mitsubishi Chemical Corp. - Business segments

                              *Exhibit 78:  Mitsubishi Chemical Corp.- Key news

                              *Exhibit 79:  Mitsubishi Chemical Corp. - Key offerings

                              *Exhibit 80:  Mitsubishi Chemical Corp. - Segment focus

               **10.9 PJSC LUKOIL       

                              *Exhibit 81:  PJSC LUKOIL - Overview

                              *Exhibit 82:  PJSC LUKOIL - Business segments

                              * Exhibit 83:  PJSC LUKOIL- Key news

                              *Exhibit 84:  PJSC LUKOIL - Key offerings

                              *Exhibit 85:  PJSC LUKOIL - Segment focus

               **10.10 Shanghai SECCO Petrochemical Co. Ltd.

                              *Exhibit 86:  Shanghai SECCO Petrochemical Co. Ltd. - Overview

                              *Exhibit 87:  Shanghai SECCO Petrochemical Co. Ltd. - Product and service

                              *Exhibit 88:  Shanghai SECCO Petrochemical Co. Ltd. - Key offerings

               **10.11 Sumitomo Chemical Co. Ltd.     

                              *Exhibit 89:  Sumitomo Chemical Co. Ltd. - Overview

                              *Exhibit 90:  Sumitomo Chemical Co. Ltd. - Business segments

                              *Exhibit 91:  Sumitomo Chemical Co. Ltd. - Key offerings

                              *Exhibit 92:  Sumitomo Chemical Co. Ltd. - Segment focus

               **10.12 Taekwang Group            

                              *Exhibit 93:  Taekwang Group - Overview

                              *Exhibit 94:  Taekwang Group - Product and service

                              *Exhibit 95:  Taekwang Group - Key offerings

***11. Appendix                           

               **11.1 Scope of the report         

                              *11.1.1 ????Market definition

                              *11.1.2 ????Objectives

                              *11.1.3 ????Notes and caveats

               **11.2 Currency conversion rates for US$            

                              *Exhibit 96: ?Currency conversion rates for US$?

               **11.3 Research Methodology   

                              *Exhibit 97: ?Research Methodology

                              *Exhibit 98: ??Validation techniques employed for market sizing?

                              *Exhibit 99: ??Information sources

               **11.4 List of abbreviations        

                              *Exhibit 100: 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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