The global acrylonitrile catalyst market is anticipated to grow at a moderate CAGR of4.5% during the forecast period (2024-2031). The major companies in the market make significant investments in both new and improved production technologies and processes. New technologies are being used to manufacture sustainable products. For instance, in June 2023, INEOS Nitriles launched Invireo TM bio-based Acrylonitrile to deliver 90% reduction of greenhouse gas emissions. InvireoTMhas have been fully certified products according to the industry-leading standards of ISCC Plus and RSB. The company delivers a 90% lower carbon footprint compared to conventionally produced acrylonitrile.
Increasing in demand in the automotive sector, where it is an important raw material for the production of plastics, elastomers, and synthetic fibers, is driving the market growth. Acrylonitrile is widely used as a significant alternative to metal in automobile structural, powertrain, exterior, interior, and electrical components, which helps in the lightweighting process.
Browse the full report description of “Acrylonitrile Catalyst Market Size, Share & Trends Analysis Report by Application (Acrylic Fibers, Adiponitrile, Styrene Acrylonitrile Resin (SAR), Acrylonitrile Butadiene Styrene (ABS), Acrylamide, Carbon Fiber, Nitrile Rubber, Others), by End-Use (Electrical and electronics, Automotive, Construction, Packaging, Others)Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/acrylonitrile-catalyst-market
In March 2024, The Mitsubishi Chemical Group (the MCG Group) announced the development of a carbon fiber prepreg material, which is made using plant-derived resin. By expanding BiOpreg portfolio and adding the BiOpreg 400 series which contains glass fiber and carbon fiber prepreg. The prepreg has been mainly used for sports and mobility applications due to its characteristics, which include rapid curability, heat resistance and high toughness.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Application
o By End-use
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- include Ineos, China Petrochemical Development Corp., Asahi Kasei Advance Corp., Ascend Performance Material, Chemelot, Formosa Plastics Corp. among others.
Key questions addressed by the report
Global Acrylonitrile Catalyst Market Report Segment
By Application
By End-use
Global Acrylonitrile Catalyst Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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