ACRYLONITRILE MARKET ANALYSIS

Regional Analysis

Market Outlook

Asia Pacific is projected to witness the highest growth in terms of market share owing to the growing construction and automotive industries in countries such as China and India. Furthermore, there is a large demand for acrylic resins from countries such as Japan, India, China, and other emerging nations such as Taiwan and Malaysia. Europe is expected to emerge as the second largest market for acrylonitrile, owing to high demand for acrylonitrile from Western Europe. Growth of the automobile industry in Europe is another contributing factor to the overall growth of the acrylonitrile market in the region. Presence of industries such as pharmaceuticals and composite, as well as high demand for wastewater treatment in North America is expected to facilitate growth of the acrylonitrile market in the region. Currently, U.S. is leading the demand for acrylonitrile, however Canada is likely to reveal greater demand over the span of the next few years.