Asia Pacific Acrylonitrile (ACN) Market - Segmented by End-User Industry, and Geography - Growth, Trends, and Forecasts (2018 - 2023)

  • ID: 4536166
  • Report
  • Region: Asia, Asia Pacific
  • 111 pages
  • Mordor Intelligence
1 of 4

FEATURED COMPANIES

  • BP P.L.C
  • Cytec Industries Inc.
  • Formosa Plastics Group
  • INEOS Group Limited
  • Repsol YPF S.A.
  • MORE
The Asia-Pacific acrylonitrile market is expected to witness a moderate growth during the forecast period, 2018 - 2023. The market is driven by the dynamic economic development in the Asia-Pacific region and the rapid growth in the automotive, construction, and consumer appliances industries.

Growth in the Automotive, Construction, and Consumer Appliances Industries

Acrylonitrile provides excellent durability as well as strength and heat resistance properties, owing to which it is used in several end-user industries, such as automotive, construction, plastics, pharmaceuticals, and consumer goods industry. Additionally, acrylonitrile-butadiene-styrene manufactured from acrylonitrile is the major material used for the production of automotive components, such as wheel covers, dashboard trims, bumpers, etc. Furthermore, acrylonitrile is widely used in the industry to produce rubber, resins, plastics, elastomers, and synthetic fibers, and also to manufacture carbon fibers used in aircrafts in the defense & aerospace industry, which is expected to drive the acrylonitrile market over the forecast period.

Growing Usage of Acrylonitrile-butadiene-styrene

Acrylonitrile-butadiene-styrene is a thermoplastic that provides a diverse combination of properties, such as resistance to chemicals, heat, and impact. Due to its superior properties, such as strength and durability at low temperatures, it is majorly used in the automotive and electronics industries. Additionally, the demand for ABS is influenced by the demand for lightweight automobile, as ABS is lightweight in nature. Asia-Pacific, being a hub for the electronics and automotive industries, has a large demand for ABS. Some of the countries, which house the electrical appliances industries in the Asia-Pacific region are South Korea, Japan, and Taiwan.

Major Players: Sumitomo Chemical Company Limited, Mitsubishi Chemical Corporation, BP P.L.C, and Cytec Industries Inc., among others.

Reasons to purchase this Report
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To identify the end-user industry that is expected to dominate the market
  • Countries that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report

This report can be customized to meet your requirements. Please contact us for more information.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • BP P.L.C
  • Cytec Industries Inc.
  • Formosa Plastics Group
  • INEOS Group Limited
  • Repsol YPF S.A.
  • MORE
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness- Porters Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition

4. Market Dynamics
4.1 Drivers
4.1.1 Dynamic Economic Development in the Asia-Pacific Region
4.1.2 Growth in the Automotive, Construction and Consumer Appliances Industry
4.2 Constraints
4.2.1 Competition from low-priced polyester fibers in the Textile Industry
4.2.2 Other Constraints
4.3 Opportunities
4.3.1 The Recovering Oil & Gas Industry
4.3.2 Other Opportunities

5. Market Segmentation and Analysis (Market Size, Growth and Forecast)
5.1 By End-User Industry
5.1.1 Acrylic fibers
5.1.2 Acrylonitrile Butadiene Styrene (ABS)
5.1.3 Polyacrylamide (PAM)
5.1.4 Nitrile butadiene rubber (NBR)
5.1.5 Others

6. Regional Market Analysis (Market Size, Growth and Forecast)
6.1 China
6.2 India
6.3 Japan
6.4 South Korea
6.5 ASEAN Countries
6.6 Rest of Asia-Pacific

7. Future of the Market

8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)
9.1 Ascend Performance Materials LLC
9.2 BP Plc
9.3 China Petrochemical Development Corporation
9.4 Cytec Industries Inc.
9.5 INEOS Group Limited
9.6 Mitsubishi Chemical Corporation
9.7 Formosa Plastics Group
9.8 Reliance Industries Limited
9.9 Sinopec Shanghai Petrochemical Company Limited
9.10 Sumitomo Chemical Company Limited
9.11 Repsol YPF, S.A.
*List not exhaustive

10. Disclaimer
** Subject to availability on public domain
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • Ascend Performance Materials LLC
  • BP P.L.C
  • China Petrochemical Development Corporation
  • Cytec Industries Inc.
  • INEOS Group Limited
  • Mitsubishi Chemical Corporation
  • Formosa Plastics Group
  • Reliance Industries Limited
  • Sinopec Shanghai Petrochemical Company Limited
  • Sumitomo Chemical Company Limited
  • Repsol YPF S.A.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll