Global Acrylonitrile Market is Expected to Grow Rapidly in the Coming Years, with a CAGR of 3.8% Over the Forecast Period (2019 - 2027)

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Acrylonitrile
Acrylonitrile

Overview of the Market

Acrylonitrile is a volatile, transparent liquid with a pungent odour that takes on a faint yellow colour when impurities are present. Acrylonitrile is made through catalytic ammoxidation of propylene, which is not a naturally occurring substance in the Earth's atmosphere. Due to the presence of hydrogen atoms and carbon in its composition, it is categorised as an organic compound with the chemical formula cCH2 CHCN. Furthermore, it is highly combustible and poisonous at low concentrations, posing a threat to the environment. Over the forecast period, these issues are expected to limit the Acrylonitrile Market growth. Acrylonitrile can be polymerized to make 'polyacrylonitrile,' and the fibres of polyacrylonitrile can be used to make fishing poles, bicycle frames, and tennis rackets, among other things.

Market Trends

Acrylonitrile is used to make resins, rubber, elastomers, plastic, synthetic fibres, and carbon fibres, which are utilised in the aerospace and defence industries to make drones, aircraft, and other equipment. The acrylic fibre business drives Demand for the Acrylonitrile Market, which is a major element in the composition of acrylic fibre. Acrylic fibres are further processed into garments (socks, caps, and sweaters), as well as being utilised as precursors in the production of carbon fibres for use in filtration systems and the composite industry. Aside from acrylic fibres, acrylonitrile is used in the production of resins, thermoplastics, and rubber. The compound can also be used in end-use sectors like construction, consumer products, automotive, and wastewater treatment because of its durability, heat resistance, and strength.

Occupational dangers connected with acrylonitrile, on the other hand, are likely to stifle market expansion. As a result of irritation of the mucous membranes, acrylonitrile exposure (inhalation or oral) has been linked to nausea, headaches, poor judgement, respiratory difficulties, and dizziness. According to studies, acrylonitrile could be a human carcinogen, increasing the risk of lung and prostate cancer. In the near future, increasing demand from the construction industry is likely to boost the worldwide Acrylonitrile Market. In addition, as people become more aware of the need for wastewater treatment, the use of acrylonitrile products in the sector is projected to rise.

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