2017 Middle East and Africa Acrylonitrile (ACN) Share Growth Forecast Research and Development 2022

Summary

Middle East and Africa Acrylonitrile (ACN) Market-Growth, Trends and Forecasts (2017-2022). Acrylonitrile is used in production of acrylic fibers, acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) and nitrile-butadiene-rubber (NBR). Capacity utilization is expected to grow from 86% at present to 92% by 2020.

Description

Middle East & Africa Acrylonitrile (ACN) Market is expected to grow at a CAGR of XX% during the forecast period. Middle East & Africa is estimated to show a moderate growth. This market is expected to grow steadily in coming years. Total production capacity of acrylonitrile (ACN) was estimated to be XX million tonnes. In Middle East & Africa region Saudi Arabia and South Africa is expected to have major growth in this industry as there would be major growth in end user industry like automotive and construction majorly.

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Acrylonitrile is a commodity petrochemical derived from propylene. It is manufactured by the ammoxidation of propylene. Major uses for acrylonitrile are as a monomer in polyacrylonitrile for acrylic fibers, in ABS and SAN resin manufacture as a modifying monomer, and as a chemical intermediate in the manufacture of adiponitrile and acrylamide.

Acrylonitrile is used in production of acrylic fibers, acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) and nitrile-butadiene-rubber (NBR). Capacity utilization is expected to grow from 86% at present to 92% by 2020. New capacities are expected to be added in China, Iran and Saudi Arabia in the near future. China aims to become more self-sufficient and less dependent on import by adding new ACN plants.

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The driver for this market is the growth in the end user industries like automobile, construction etc. due to government taken initiatives for growth of this industries. The industry is expected to face certain challenges such as fluctuation of crude oil prices, product commoditization and shifting consumer preference for organic chemicals. The opportunity for this market is growing demand for light weight vehicles in near future this will amplify this market as ABS is used in automobiles. Few companies manufacturing and selling Acrylonitrile such as BP PLC, Sinopec and Saudi Aramco are some of the major players in acrylonitrile industry.

WHAT THE REPORT OFFERS

  1. Market Definition along with identification of key drivers and restraints for the market.
  2. Market analysis with region specific assessments and competition analysis on a Middle East & Africa and regional scale.
  3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a Middle East & Africa and regional scale.
  4. Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
  5. Identification and analysis of the Macro and Micro factors that affect the industry on both Middle East & Africa and regional scale.
  6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

No. of Report Pages:  124

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