ACRYLONITRILE MARKET ANALYSIS

Market News

Key Developments

Several key players are focused on developing inorganic and organic growth strategies such as mergers & acquisition and capacity expansion of the plant in order to enhance their presence. For instance,

• In June 2019, INEOS, one of the leading manufacturer of specialty chemicals, petrochemicals and oil products, announced to invest US$ 2 billion in its manufacturing plant in Saudi Arabia. The new acrylonitrile plant with the capacity of 425,000 tonnes, will use the company’s leading technology and catalyst.the units will begin its production in 2025.
• In February 2011, Asahi Kasei Chemicals, key player in specialty chemicals, construct acrylonitrile plant in Korea with the capacity of 245,000 tonnes per year.
• In July 2015, Royal DSM, leading player in nutrition, health and materials, announced partnership with CVC Capital Partners (CVC), an investment advisory firm, for DSM’s activities in Polymer Intermediates (Acrylonitrile and Caprolactam) and composite resin.