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Global Acrylonitrile (ACN) Market Study Analysis: The Acrylonitrile Butadiene Styrene is projected to dominate the Acrylonitrile (ACN) market in the forecast period
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Global Acrylonitrile (ACN) Market Drivers And Restrain:
The main contributors to the growth of the Acrylonitrile (ACN) market include rising demand from Acrylonitrile Butadiene Styrene (ABS) application, the rapid expansion of the construction, among others.
Rising demand from Acrylonitrile Butadiene Styrene (ABS) application:
Acrylonitrile butadiene styrene is a thermoplastic with a wide range of qualities, including resistance to chemicals, heat, and impact. Consumer appliances are the most important end-user segment, accounting for over half of global ABS use. It is frequently utilized in the automotive and electronics industries due to its outstanding qualities, including strength and endurance at low temperatures. Furthermore, because ABS is lightweight, its demand is correlated with the demand for lightweight automobiles. as a result of which the market's demand rises.
The market is hampered by changing raw material prices, the environmental consequences of acrylonitrile compounds, and high toxicity and flammability.
Impact Of COVID-19 on the Acrylonitrile (ACN) Market:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window
Global Acrylonitrile (ACN) Market Segments:
The global Acrylonitrile (ACN) market is further segmented into application, industry vertical, and geography.
By Application: Acrylic Fiber, Acrylonitrile Butadiene Styrene, Styrene-Acrylonitrile Resin, Acrylamide, Others
By Industry Vertical: Automotive, Electronics and Electrical, Construction, Packaging, Others
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa and South America)
With a revenue share, Asia Pacific led acrylonitrile usage. The region's biggest importers of acrylonitrile are China, India, and Korea. China is also a significant producer of the chemical. However, due to the rising demand for acrylic fibers from the garment and home furnishing industries, Chinese producers are unable to meet local demand, resulting in a large number of imports.
Key Players of Global Acrylonitrile (ACN) Market:
• Asahi Kasei Corporation
• Solvay
• AnQore
• Koninklijke DSM NV
• Ascend Performance Materials
• INEOS
• LUKOIL
• Mitsubishi Chemical Corporation
• Taekwang Industrial Co. Ltd
• Formosa Plastics Corporation
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Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Acrylonitrile (ACN) Market
• Value Chain Analysis of Global Acrylonitrile (ACN) Market
• What is the CAGR of the global Acrylonitrile (ACN) Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis
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