Infinium Global Research Acrylonitrile Market | Page 4

Acrylonitrile Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
more investment in automotive sector will bring more opportunities to the global
acrylonitrile market over the forecast period.
Segments Covered:
The report segments the global acrylonitrile market by end user and region. The global
acrylonitrile market is segmented on the basis of end users as acrylic fibers, acrylonitrile
butadiene styrene (ABS), polyacrylamide (PAM), nitrile butadiene rubber (NBR) and others.
Acrylonitrile butadiene styrene (ABS) sub-segments dominates the global acrylonitrile
market due to rising demand from automotive sector and increasing investment in
automotive sector.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe,
Asia-Pacific, Latin America and Rest of the World. In this section the key trends and market
size for each geography is provided over the period of 2015 – 2023. Asia-Pacific is accounted
for half of the global production capacity as well as the leader consumption of Acrylonitrile
region in the global Acrylonitrile market. The Asia Pacific market region is anticipated to grow
at a highest CAGR over the forecast period due to dynamic economic development and
increasing demand for electrical and electronic gadgets, house ware appliances and
automobiles in India and China. Moreover, durable manufacturing base of electronics in
China, Korea, Taiwan and Japan is likely to drive the demand and is expected to bring new
opportunities for Acrylonitrile manufacturers in the Asia Pacific region. Furthermore,
following Asia Pacific region Europe is anticipated to grow significantly due to a growth in
automobile manufacturing. However, North America is also anticipated to grow significantly
due to presence of pharmaceutical manufacturing industries.
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