Acrylonitrile Market to hit USD 16.3B by 2035, driven by automotive & polymer growth at 2.8% CAGR

The global acrylonitrile market is poised for sustained expansion, projected to climb from USD 12.4 billion in 2025 to USD 16.3 billion by 2035, growing at a steady CAGR of 2.8%, according to the latest insights from Fact.MR. This growth reflects the rising demand for advanced polymer materials, automotive applications, and industrial chemical innovation, driving large-scale adoption across global manufacturing systems.

A Decade of Consistent Growth Driven by Polymer Innovation

Acrylonitrile continues to play a foundational role in modern chemical manufacturing, forming the basis for ABS/SAN resins, acrylic fibers, and chemical intermediates. The market’s journey from USD 12.4 billion in 2025 to USD 16.3 billion by 2035 highlights expanding opportunities for polymer optimization and process innovation.

The first half of the decade (2025–2030) is expected to add USD 1.7 billion in market value, accounting for 44% of the decade’s total growth, propelled by surging ABS/SAN resin demand in automotive and electronics manufacturing. The second half (2030–2035) will contribute the remaining 56%, adding USD 2.2 billion, as industries integrate acrylonitrile into advanced chemical platforms supporting automation, circular economy models, and next-generation material design.

Key Market Highlights

• Market Value (2025): USD 12.4 billion
• Forecast Value (2035): USD 16.3 billion
• CAGR (2025–2035): 2.8%
• Top Application: ABS/SAN Resins (46% share)
• Leading End Use: Automotive & Electrical/Electronic (49% share)
• Key Growth Regions: Asia Pacific, North America, and Europe
• Major Players: INEOS Nitriles, Ascend Performance Materials, Asahi Kasei, Formosa Plastics, Tasnee

ABS/SAN Resins Lead with 46% Market Share

Among all applications, ABS/SAN resin systems dominate the acrylonitrile market, representing 46% of total demand. Their superior impact resistance, thermal stability, and ease of processing make them essential for automotive components, consumer appliances, and electronics housings. The increasing shift toward lightweight automotive materials and performance plastics continues to expand resin utilization in key industrial clusters.

“ABS/SAN resins will remain the performance backbone of advanced polymer production,” noted a Fact.MR analyst. “Their integration with automated manufacturing and real-time quality control systems will transform how chemical producers design high-reliability materials for industrial applications.”

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Acrylic Fibers and Industrial Chemicals Show Steady Demand

Acrylic fiber applications retain a solid 28% share, driven by expanding textile manufacturing across Asia and Europe. These fibers offer consistent quality, color retention, and comfort characteristics that align with the apparel and home furnishing sectors’ evolution toward performance-based materials.

Meanwhile, adiponitrile and acrylamide derivatives account for 26% of total market revenue, serving as critical intermediates in chemical and industrial processes. These applications are set to benefit from industrial modernization and smart manufacturing systems that prioritize consistent chemical performance and sustainable process management.

Propylene Ammoxidation Process Dominates with 92% Market Share

The propylene ammoxidation route remains the industry standard, representing over 90% of global production. Its high efficiency, feedstock compatibility, and cost stability make it the preferred method for large-scale acrylonitrile synthesis.
The propane ammoxidation process, though limited to about 8% of production, is gaining interest for its sustainability potential and ability to use alternative feedstocks.

Automotive & Electronics Industries Drive 49% of Market Demand

Acrylonitrile’s use in automotive and E&E manufacturing remains a primary growth driver, commanding 49% of total demand. It supports the production of under-the-hood automotive parts, consumer electronics, and electrical equipment that require high durability and impact strength.
Textiles account for 28%, while industrial and specialty applications hold 23%, reflecting diverse industrial utilization patterns from chemical processing to advanced composite materials.

Regional Insights: North America and Asia-Pacific Lead Adoption

• United States (3.3% CAGR): Driven by strong automotive sector investments and large-scale manufacturing modernization, U.S. producers are integrating advanced acrylonitrile systems into automotive and chemical value chains. Local manufacturers capture about 58% domestic share, supported by competitive pricing and strong technical expertise.
• Mexico (3.0% CAGR): Emerging as a cost-effective manufacturing hub for automotive polymers, supported by national industrial expansion programs.
• Germany (2.7% CAGR): Demonstrates technology leadership through precision manufacturing, EU compliance, and integration with advanced polymer systems.
• Asia Pacific: Remains the largest producer and consumer region, led by China, South Korea, and Japan, where chemical innovation, automation, and export competitiveness drive growth momentum.

Market Dynamics: Drivers, Restraints, and Trends

Key Drivers:

• Rising automotive production and lightweighting initiatives
• Expanding electronics and appliance industries
• Infrastructure and construction growth fueling polymer demand

Restraints:

• Feedstock cost volatility
• Stringent environmental and safety regulations

Trends:

• Integration of smart manufacturing and automation
• Growing emphasis on circular economy and recycling initiatives
• Expansion of value-based chemical service models, combining product supply with process analytics and technical support

Competitive Landscape

The global acrylonitrile market is moderately consolidated, with the top 5 players—INEOS Nitriles, Ascend Performance Materials, Asahi Kasei, Formosa Plastics, and Tasnee—collectively controlling 40–45% of market revenue. Industry leadership is shaped by production efficiency, technology innovation, and chemical integration capabilities.
While standard propylene-based systems are becoming commoditized, margin growth now centers on high-performance polymer solutions and automotive integration programs. Regional specialists and technology innovators continue to expand their roles through localized production and specialized formulations.

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About Fact.MR
Fact.MR is a global market research and consulting firm, trusted by Fortune 500 companies and emerging businesses for reliable insights and strategic intelligence. With a presence across the U.S., UK, India, and Dubai, we deliver data-driven research and tailored consulting solutions across 30+ industries and 1,000+ markets. Backed by deep expertise and advanced analytics, Fact.MR helps organizations uncover opportunities, reduce risks, and make informed decisions for sustainable growth.