Acrylonitrile (ACN) Market Analysis, Growth, Trends To 2022: Grand View Research, Inc.

Acrylonitrile (ACN) Market Analysis, Market Size,Application, Analysis, Regional Outlook, CompetitiveStrategies and Forecasts, 2015 to 2022Global acrylonitrile (ACN) market is likely to grow in light of its increasingimportance for providing heat resistance and thermal stability in construction,consumer goods and automotive industries. Fluctuating prices of petrochemicalfeedstock along with rising importance of bio-based polymers is expected toremain challenging factor for industry.ACN is an organic compound which is produced through the ammonia catalysis ofpropylene. The product is used to manufacture acrylic fibers, which is furtherprocessed to produce clothes such as sweaters, hats, socks and sports gloves. ACNalso finds application for the production of butadiene styrene (ABS), styreneacrylonitrile (SAN) and homopolymers such as polyacrylonitrile.

For More Information on "Acrylonitrile (ACN) Market Research Reports"visit - http://www.grandviewresearch.com/industry-analysis/acrylonitrile-acnmarketABS is used in the manufacturing of handles, bumpers and panels of automobiles.Growing automobile production in the U.S., Mexico, China and Indonesia in lightof favorable regulatory support to promote investments at domestic level isexpected to fuel ABS demand. ABS is expected to find its application for themanufacturing of consoles, headliners, trims and interior grills in constructionindustry.Asia Pacific is likely to be a lucrative industry on account of increasing demand forautomobiles, electronic gadgets and house ware appliances in China and India.Robust manufacturing base of electronic industry in Taiwan, South Korea andJapan is expected to open new market opportunities for manufacturers.

Rising construction market in China and India in light of regulatory inclinationtowards infrastructure development at domestic level is expected to remain thepositive factor for industry.Low growth of automotive industry in France, Spain and U.K. in light of risingmanufacturing 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 toincrease the availability of petrochemical feedstock for manufacturers in the nearfuture.Key players in the market include Asahi Chemicals, Petro China, MitsubishiRayon Co, Ineos, Formosa Plastics Corp, SINOPEC, Shanghai SECCOPetrochemical Co and Ascend Performance Materials. In 2014, Lanxess announcedthe launch of special elastomers for application in two-wheeler vehicles.

The government of India announced Draft National Chemical Policy in September2014, intended for enhancing country’s output in global chemical industry from3% in 2014 to 6% by 2020. This policy in India is expected to open promote newinvestments in domestic chemical sector and likely to remain favorable factor forACN manufacturers in the near future.Request TOC of “Acrylonitrile (ACN) Market Research Reports" visit -http://www.grandviewresearch.com/industry-analysis/acrylonitrile-acnmarket/request-tocAbout Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consultingcompany, 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, thecompany offers market intelligence studies ensuring relevant and fact-basedresearch across a range of industries including technology, chemicals, materials,healthcare and energy.Contact:Sherry JamesCorporate Sales Specialist, U.S.A.Grand View Research, Inc.United StatesPhone: 1-415-349-0058Toll Free: 1-888-202-9519Email: sales@grandviewresearch.comWebsite: Grand View ResearchBlog Site: http://www.divog.org/