Global
acrylonitrile (ACN) market is likely to grow in light of its increasing
importance for providing heat resistance and thermal stability in construction,
consumer goods and automotive industries. Fluctuating prices of petrochemical
feedstock along with rising importance of bio-based polymers is expected to
remain challenging factor for industry.
ACN is an
organic compound which is produced through the ammonia catalysis of propylene. The
product is used to manufacture acrylic fibers, which is further processed to produce
clothes such as sweaters, hats, socks and sports gloves. ACN also finds
application for the production of butadiene styrene (ABS), styrene
acrylonitrile (SAN) and homopolymers such as polyacrylonitrile.
Request to Sample of
This Report @ http://www.grandviewresearch.com/industry-analysis/acrylonitrile-acn-market
ABS is used in
the manufacturing of handles, bumpers and panels of automobiles. Growing
automobile production in the U.S., Mexico, China and Indonesia in light of
favorable regulatory support to promote investments at domestic level is
expected to fuel ABS demand. ABS is expected to find its application for the
manufacturing of consoles, headliners, trims and interior grills in
construction industry.
Asia Pacific is
likely to be a lucrative industry on account of increasing demand for
automobiles, electronic gadgets and house ware appliances in China and India. Robust
manufacturing base of electronic industry in Taiwan, South Korea and Japan is
expected to open new market opportunities for manufacturers. Rising
construction market in China and India in light of regulatory inclination
towards infrastructure development at domestic level is expected to remain the
positive factor for industry.
Low growth of
automotive industry in France, Spain and U.K. in light of rising manufacturing
cost at domestic level is expected to remain a challenging factor. Expansion of
tight oil and shale gas deposits in the U.S. and Canada is likely to increase
the availability of petrochemical feedstock for manufacturers in the near
future.
Key players in
the market include Asahi Chemicals, Petro China, Mitsubishi Rayon Co, Ineos, Formosa
Plastics Corp, SINOPEC, Shanghai SECCO Petrochemical Co and Ascend Performance
Materials. In 2014, Lanxess announced the launch of special elastomers for
application in two-wheeler vehicles.
The government
of India announced Draft National Chemical Policy in September 2014, intended
for enhancing country’s output in global chemical industry from 3% in 2014 to
6% by 2020. This policy in India is expected to open promote new investments in
domestic chemical sector and likely to remain favorable factor for ACN
manufacturers in the near future.
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For More Information,
Visit Grand
View Research
Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Blog Site: http://www.grandviewresearchinc.blogspot.in/
No comments :
Post a Comment