Market Overview
Acrylonitrile is a volatile, clear liquid with a pungent odour, although, in the presence of impurities, it takes a faint yellow tint. Acrylonitrile is not a naturally occurring compound in the Earth's atmosphere, and is produced through catalytic ammoxidation of propylene. Its chemical formula is cCH2 CHCN, and it is classified as an organic compound owing to the presence of hydrogen atoms and carbon in its composition. Acrylonitrile can be polymerized into a substance called 'polyacrylonitrile', and the fibres of polyacrylonitrile can be used for producing a range of products such as fishing poles, bicycle frames, and tennis rackets.
The global acrylonitrile market size is projected to expand significantly in the near future, and grow at a CAGR of 3.8% over the forecast period (2019 - 2027).

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Market Dynamics
Acrylonitrile has a wide range of industrial applications such as in the production of resins, rubber, elastomers, plastic, synthetic fibres, and carbon fibres used in the manufacture of drones, aircrafts and other equipment in the aerospace and defense industry. Demand for acrylonitrile is driven by the acrylic fibres industry which is a key ingredient in the composition of acrylic fiber. Acrylic fibres are processed further into clothing (socks, hats, and sweaters), and are also used as precursors in the manufacture of carbon fibres which can be used in filtration systems and in the composite industry.

Market Outlook
Asia Pacific is projected to witness the highest growth in terms of market share owing to the growing construction and automotive industries in countries such as China and India. Furthermore, there is a large demand for acrylic resins from countries such as Japan, India, China, and other emerging nations such as Taiwan and Malaysia.

Major Keyplayers: include Sinopec, DSM, Mitsubishi Corporation, Ascend Performance Materials, INEOS Group AG, and Asahi Kasei Chemicals among others.

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