The Latest Acrylonitrile Industry Statistics Explained
Acrylonitrile industry is estimated to reach 9.55 billion dollars by 2025, at a CAGR of 4.5% during the forecast period.
The statistic indicates that the acrylonitrile industry is projected to grow and reach a value of 9.55 billion dollars by the year 2025. This growth is estimated to occur at a compound annual growth rate (CAGR) of 4.5% over the forecast period. The CAGR represents the average annual growth rate of the industry’s value from the base year to the target year. This information suggests that the acrylonitrile industry is expected to expand steadily over the forecast period, reflecting positive trends and potential opportunities for market growth in the coming years.
The acrylonitrile market in Asia Pacific led the global market with a share of more than 75.0% in 2017.
This statistic indicates that the acrylonitrile market in the Asia Pacific region was the dominant player in the global market in 2017, holding a significant market share of over 75.0%. This suggests that a large portion of the global demand for acrylonitrile, which is a key chemical used in the production of various plastics and synthetic fibers, was coming from the Asia Pacific region during that year. The region’s strong market presence could be attributed to factors such as increasing industrialization, growing demand for consumer goods, and significant investments in manufacturing sectors. The high market share highlights the importance of the Asia Pacific market in shaping the global acrylonitrile industry landscape in 2017.
The global production of acrylonitrile was 5.58 million metric tons in 2020.
The statistic indicates that the total worldwide output of acrylonitrile, a chemical compound commonly used in the production of acrylic fibers, plastics, and resins, reached 5.58 million metric tons in the year 2020. This figure serves as a quantitative measure of the scale of manufacturing activities related to acrylonitrile on a global level during that year. The statistic provides valuable insight into the demand for acrylonitrile-based products and the overall economic significance of the industry. Monitoring trends in global acrylonitrile production can offer valuable information for market analysis, environmental impact assessments, and strategic planning in relevant industries.
Acrylonitrile-butadiene-styrene (ABS) resins segment accounted for a market share of 33.0% in 2017.
The statistic “Acrylonitrile-butadiene-styrene (ABS) resins segment accounted for a market share of 33.0% in 2017” indicates that ABS resins, a type of thermoplastic polymer known for its toughness and impact resistance, held a significant portion of the overall market for resins in 2017. With a market share of 33.0%, ABS resins were evidently popular and commonly used in various industrial and consumer applications during that year. This statistic suggests that ABS resins were a preferred choice among manufacturers and consumers, likely due to their favorable properties and versatility in different products and industries.
Worldwide acrylonitrile capacity was estimated at approximately 7.2 million metric tons in 2020.
This statistic indicates that the total global production capacity for acrylonitrile, a key chemical used in the production of various products such as acrylic fibers, plastics, and synthetic rubber, was estimated to be around 7.2 million metric tons in the year 2020. This figure represents the maximum amount of acrylonitrile that could potentially be produced globally during that year. The capacity reflects the total capabilities of manufacturing facilities worldwide to produce acrylonitrile and is a key indicator of the industry’s readiness to meet demand. Monitoring changes in this capacity can provide insights into the industry’s growth, potential supply shortages, or market trends impacting the production of acrylonitrile in the global market.
The U.S. acrylonitrile industry is slated to reach USD 238.5 million by 2025.
This statistic indicates the projected value of the U.S. acrylonitrile industry by the year 2025, with an estimated total worth of USD 238.5 million. This figure suggests that the industry is expected to experience growth and expansion over the coming years. Acrylonitrile is a key chemical used in the production of various materials such as plastics, synthetic fibers, and resins, all of which have widespread applications in industries like textiles, automotive, and electronics. Factors driving this growth could include increasing demand for acrylonitrile-based products, technological advancements in production processes, and evolving market trends. This statistic serves as a valuable insight for stakeholders, investors, and policymakers to understand the potential opportunities and challenges within the U.S. acrylonitrile industry.
There are typically 48,000 workers, including those in derivatives and downstream sectors, in the acrylonitrile industry globally.
The statistic suggests that across the globe, there are approximately 48,000 individuals employed in various roles within the acrylonitrile industry, which includes workers in derivatives and downstream sectors. Acrylonitrile is a key chemical used in the production of various materials like plastics, fibers, and resins. The significant workforce size indicates the industry’s scale and importance in the global economy, highlighting its role in manufacturing and supplying essential products to a variety of industries. The inclusion of workers in derivative and downstream sectors implies a comprehensive view of the industry’s workforce, considering not only direct production roles but also other related activities across the supply chain.
It is projected that ABS and SAN resins application is likely to depict the highest CAGR of 5.5% through 2025.
This statistic indicates a projected Compound Annual Growth Rate (CAGR) of 5.5% for the application of ABS (Acrylonitrile Butadiene Styrene) and SAN (Styrene-Acrylonitrile) resins through the year 2025. A CAGR of 5.5% suggests that the usage and demand for these resins in various applications are expected to increase steadily at an annual rate of 5.5% over the specified period. This growth rate indicates a positive trend in the market for ABS and SAN resins, reflecting potential opportunities for manufacturers, suppliers, and other stakeholders in the industry to capitalize on this growth and expand their market presence in the coming years.
Acrylonitrile industry is the second biggest outlet for propylene, accounting for 12% of total consumption in 2018.
The statistic indicates that within the propylene market, the acrylonitrile industry represents the second largest destination for propylene usage, amounting to a share of 12% of total propylene consumption in the year 2018. This suggests that a significant proportion of the propylene produced is utilized by the acrylonitrile industry for the production of acrylonitrile, which is a key intermediate chemical used in various industrial applications. The statistic highlights the importance of the acrylonitrile industry as a major consumer of propylene, shedding light on the dynamics of propylene demand and distribution across different industrial sectors.
The acrylonitrile market in North America is projected to register a CAGR of 3.3% from 2019-2025.
This statistic indicates that the acrylonitrile market in North America is forecasted to experience a Compound Annual Growth Rate (CAGR) of 3.3% between the years 2019 and 2025. This means that the market for acrylonitrile, a chemical compound used in various industries such as automotive, textiles, and plastics, is expected to steadily increase over the specified time period. A CAGR of 3.3% suggests gradual and consistent growth in the market value and demand for acrylonitrile, reflecting a positive outlook for the industry in North America.
Europe accounted for a 17% share of worldwide acrylonitrile capacity in 2020.
This statistic indicates that in 2020, Europe held a significant portion of the global acrylonitrile production capacity, specifically comprising 17% of the total capacity worldwide. Acrylonitrile is a key chemical compound used in the production of various materials, including plastics, fibers, and resins. The high share of capacity in Europe suggests that the region plays a prominent role in the global acrylonitrile market, potentially influencing pricing, supply chains, and competition in the industry. This statistic reflects Europe’s strong presence and contribution to the global acrylonitrile manufacturing landscape.
Acrylonitrile industry in India is projected to grow at a CAGR of 8% by 2030.
This statistic indicates that the Acrylonitrile industry in India is expected to experience significant growth over the next decade, with a projected Compound Annual Growth Rate (CAGR) of 8% by the year 2030. The CAGR represents the rate at which the industry is expected to expand on average each year over the specified period. A CAGR of 8% suggests a steady and healthy growth trajectory for the Acrylonitrile industry in India, reflecting increasing demand, investments, and market opportunities within the industry. This projection can be valuable for stakeholders, investors, and policymakers looking to assess the potential growth prospects and opportunities within the Acrylonitrile sector in India.
In mid-2020, acrylonitrile prices began to climb, hitting $1,100-1,300 per metric ton in Asia.
The statistic indicates that acrylonitrile prices experienced a notable increase starting in the middle of 2020, with prices reaching a range of $1,100 to $1,300 per metric ton in the Asian market. Acrylonitrile is a key chemical used in the production of various products, including acrylic fibers and plastics. The price surge suggests a significant shift in market conditions, potentially influenced by factors such as supply chain disruptions, changes in demand, or fluctuations in raw material costs. This uptrend in acrylonitrile prices could impact industries reliant on this chemical, leading to potential adjustments in production costs and pricing strategies.
From 2015 to 2019, trade of Acrylonitrile increased at CAGR of 2.41%.
The statistic indicates that between 2015 and 2019, the trade of Acrylonitrile witnessed a Compound Annual Growth Rate (CAGR) of 2.41%. This CAGR represents the year-over-year growth rate that would have been necessary for the trade of Acrylonitrile to increase from its 2015 value to its 2019 value at a steady rate. A CAGR of 2.41% implies a relatively modest but consistent growth in the trade of Acrylonitrile over the specified timeframe. This statistic suggests that there has been a gradual increase in the trade volume of Acrylonitrile each year, reflecting a positive trend in the market for this chemical compound.
The emissions from acrylonitrile production were around 2 million metric tons of CO2 equivalent in 2019.
The statistic indicates that the total amount of greenhouse gas emissions resulting from acrylonitrile production in 2019 was estimated to be approximately 2 million metric tons of carbon dioxide equivalent (CO2e). Acrylonitrile is a chemical compound used in the production of various everyday items such as plastics, textiles, and synthetic fibers. The emissions generated during its production process contribute to global warming and climate change. By quantifying these emissions in CO2e, it allows for easier comparison and understanding of the environmental impact of acrylonitrile production relative to other sources of greenhouse gas emissions.
More than 50% of the world’s acrylonitrile production is used to make acrylic fibers.
This statistic indicates that a significant portion, more than half, of the global production of acrylonitrile, a chemical compound used in various industrial processes, is specifically allocated towards the manufacturing of acrylic fibers. Acrylic fibers are synthetic fibers known for their softness, warmth, and resistance to moths and chemicals, making them popular in clothing, upholstery, and other textile products. The fact that over 50% of the total acrylonitrile production goes towards acrylic fiber production underscores the importance and widespread use of acrylic fibers across diverse industries worldwide.
In the Middle East and Africa, the acrylonitrile market is expected to grow at a CAGR of 3.8% during 2019-2025.
The statistic regarding the acrylonitrile market in the Middle East and Africa indicates that the compound annual growth rate (CAGR) for this market is projected to be 3.8% over the period from 2019 to 2025. This forecast suggests that there is expected to be steady and moderate growth in the demand for acrylonitrile, a chemical compound used in the production of various materials such as acrylic fibers, resins, and plastics, in the Middle East and Africa region. Factors such as increasing industrial activities, growing construction projects, and expanding manufacturing sectors could be contributing to this anticipated growth in the acrylonitrile market in the specified region during the specified timeframe.
China is expected to remain the largest consumer of acrylonitrile, with a projected demand of 2.1 million tons in 2022.
This statistic indicates that China is anticipated to maintain its position as the largest consumer of acrylonitrile, a key chemical used in the production of various products such as plastics, synthetic fibers, and resins. The projected demand of 2.1 million tons in 2022 highlights the significant reliance on acrylonitrile within China’s industrial sector. This suggests a continued strong demand for products manufactured using acrylonitrile in the Chinese market, reflecting ongoing industrial activities and economic growth in the country. The statistic underscores China’s importance in the global acrylonitrile market and its influence on supply chains and pricing dynamics in the industry.
Conclusion
Based on the latest Acrylonitrile Industry statistics, it is evident that the sector is experiencing steady growth and showcasing positive trends. The data provides valuable insights for businesses, policymakers, and stakeholders to make informed decisions and strategies for the future. It is essential to closely monitor these statistics and trends to ensure the sustainable growth and success of the Acrylonitrile Industry.
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