Acrylonitrile Market Report 2026

The acrylonitrile market size has grown strongly in recent years. It will grow from $14.97 billion in 2025 to $16.02 billion in 2026 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to expansion of synthetic fiber manufacturing, growth in abs and san plastics production, increasing demand for nitrile rubber, availability of petrochemical infrastructure, rising industrial chemical consumption.

The acrylonitrile market size is expected to see strong growth in the next few years. It will grow to $20.72 billion in 2030 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing adoption in electric vehicle components, expansion of carbon fiber production, rising focus on emission-efficient chemical plants, growing packaging material demand, increasing regulatory pressure on emissions. Major trends in the forecast period include expansion of high-performance polymer applications, rising demand from automotive lightweighting, increasing use in advanced plastics and fibers, growth of integrated chemical production, enhanced process optimization.

The rising construction activities are expected to drive the growth of the acrylonitrile market. Construction activities include tasks and operations involved in building, renovating, or developing structures such as buildings, infrastructure, and facilities. The growth in construction is primarily fueled by increasing urbanization, which raises demand for residential, commercial, and infrastructure development. Acrylonitrile is used in producing polyvinyl chloride (PVC) pipes and fittings, as well as in insulating walls, roofs, and floors in buildings. For example, in July 2024, the US Census Bureau reported that the value of construction operations increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Therefore, expanding construction activities are boosting the acrylonitrile market.

Key companies in the acrylonitrile market are focusing on innovations such as bio-based acrylonitrile to reduce carbon footprints while maintaining performance. Bio-based acrylonitrile is produced from renewable feedstocks instead of fossil fuels, offering equivalent functionality with a lower environmental impact. For instance, in June 2023, INEOS Nitriles, a UK-based petrochemical manufacturer, launched Invireo, a bio-attributed acrylonitrile product derived from sustainable feedstocks. Designed as a drop-in replacement for conventional acrylonitrile, Invireo can be used without modifying existing production processes and finds applications across plastics, carbon-fiber precursors, and synthetic fibers. By incorporating Invireo, INEOS Nitriles enables a reduction of over 90% in the carbon footprint of end products, supporting more sustainable chemical manufacturing.

In June 2024, Trillium Renewable Chemicals, a US-based sustainable chemical technology company, partnered with INEOS Nitriles to establish a demonstration plant for bio-based acrylonitrile at INEOS’s Green Lake facility in Texas. This collaboration combines Trillium’s proprietary glycerol-to-acrylonitrile process with INEOS’s large-scale nitriles manufacturing infrastructure to create a lower-carbon acrylonitrile pathway for markets including plastics, carbon fiber, and synthetic rubber. INEOS Group Limited, based in the UK, provides acrylonitrile for these applications.

Major companies operating in the acrylonitrile market are BASF SE, INEOS Group Limited, Asahi Kasei Corporation, Ascend Performance Materials, Formosa Plastics Corporation, Sumitomo Chemical Co. Ltd., Mitsubishi Chemical Group Corporation, LG Chem Ltd., Sinopec Group, China National Petroleum Corporation (CNPC), AnQore BV, Taekwang Industrial Co. Ltd., Kolon Industries Inc., Jilin Petrochemical Company, Shanghai Secco Petrochemical Company Limited, Zhejiang Petrochemical Co. Ltd., Toray Industries Inc., Lotte Chemical Corporation, PetroChina Company Limited, Reliance Industries Limited, SABIC.

Asia-Pacific was the largest region in the acrylonitrile market in 2025. North America was the second-largest region in the acrylonitrile market. The regions covered in the acrylonitrile market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the acrylonitrile market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The acrylonitrile market consists of sales of acrylonitrile that is used in the manufacture of modacrylic fibers in textiles industry. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.