2-Propenenitrile Price Trend

2-Propenenitrile Prices December 2023

In the fourth quarter of 2023, the price of 2-propenenitrile in the United States reached 1264 USD/MT by December. Similarly, in Japan, 2-propenenitrile prices hit 1173 USD/MT in the same month. Germany also saw 2-propenenitrile prices reaching 1335 USD/MT during Q4 2023.

2-propenenitrile Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “2-Propenenitrile Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of 2-propenenitrile pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of 2-propenenitrile price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing 2-propenenitrile price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

2-Propenenitrile Market Analysis

The global 2-propenenitrile market size reached US$ 8.43 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 12.2 Billion, at a projected CAGR of 4.20% during 2023-2032.

• 2-Propenenitrile is essential in synthesizing acrylonitrile butadiene styrene (ABS) and styrene-acrylonitrile (SAN) resins, which are highly sought-after polymers in various key industries. ABS is renowned for its toughness and impact resistance, making it a favored material for various automotive parts, consumer electronics, and household appliances. According to a report published by ACEA, global car sales in 2023 rebounded by almost 10% to over 72 million units as supply chain challenges eased. European sales increased by 18.6%, with Russia, Ukraine, and Turkey showing significant growth. North American sales remained consistent with US recording of 14.4% increase. South American sales were stable as well led by Brazil’s 9.2% growth. Japanese sales grew by 15.8% while Chinese sales increased by 4.5% to over 22 million units representing nearly 31% of global sales. Indian sales source to a record of 4.2 million units. The rise in sales and manufacturing of automobiles across the world drives the demand for acrylonitrile butadiene styrene for manufacturing automotive parts, thereby driving the 2-propenenitrile market growth.
• 2-Propenenitrile is an important component in the production of acrylic fibers, which are widely used in the textile industry for its wool-like feel, durability, and resistance to adverse weather conditions. These fibers are popular in apparel, home furnishing, and outdoor fabrics. The gradual expansion in textile industry, mainly in emerging economies, is driving the demand for these versatile fibers. As consumption and production of textile is on the rise in these regions, mainly fueled by rising economic growth and consumer spending, the demand for 2-propenenitrile similarly escalates, thereby driving its market growth.
• 2-Propenenitrile is a crucial component in the production of adiponitrile, an essential ingredient in the manufacturing of nylon 6,6. This high-performance polymer is extensively used across various sectors due to its properties such as high tensile strength, heat resistance, and durability. Nylon 6,6 is ideal for automotive components like gears and bearings, textile applications like high-strength threads, and various industrial goods. As these sectors continue to seek materials that enhance product performance and longevity, the demand for nylon 6,6 escalates, thereby driving the demand for 2-propenenitrile. In 2019, Huafeng's 50,000 tonnes per year adiponitrile plant began production and was set to reach 100,000 tons per year capacity. In line with this, in 2022, INVISTA Nylon Chemicals (China) Co. Inaugurated its new adiponitrile plant in Shanghai chemical industry park (SCIP), representing A7 billion RMB investment. The plant with capacity of 400,000 tons per year is a significant addition to INVISTA’s nylon 6, 6 value chain. Once technology used in the plant results in significantly lower greenhouse gas emissions.

2-Propenenitrile News

The report covers the latest developments, updates, and trends impacting the global 2-propenenitrile market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in 2-propenenitrile production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the 2-propenenitrile price trend.

Latest developments in the 2-propenenitrile industry:

• In 2024, INEOS acquired LyondellBasell's Ethylene Oxide & Derivatives business in Bayport, Texas, marking a strategic expansion into the U.S. market. The acquisition complements INEOS's existing facilities in Europe and Louisiana and provides opportunities for growth. LyondellBasell aims to focus on strengthening its core businesses following the divestiture. INEOS, a global petrochemicals manufacturer, now operates 182 facilities in 31 countries, employing 25,000 people.
• In 2024, Ascend Performance Materials and PolySource signed a distribution agreement for North America. PolySource will now offer Ascend's range of engineered nylons to its customer base, including product lines for automotive, electrical, healthcare, and consumer/industrial applications. Both companies aim to provide value through materials and technical expertise. This collaboration is expected to align well strategically and culturally and complement PolySource's application development focus with a consultative approach to customers.

Product Description

2-Propenenitrile, commonly known as acrylonitrile, is an organic compound with the chemical formula CH2=CHCN. It is a colorless, volatile liquid with a sharp, pungent odor. 2-Propenenitrile is produced primarily through the ammoxidation of propylene, a process where propylene, ammonia, and air are reacted over a catalyst to produce 2-propenenitrile. This chemical serves as a crucial building block in the manufacture of various important polymers and co-polymers, most notably 2-propenenitrile butadiene styrene (ABS) and styrene-2-propenenitrile (SAN) resins, which are used in a wide array of applications from automotive components to consumer electronics and household goods. Additionally, it is a precursor in the production of adiponitrile, which is further processed to make nylon 6,6, a highly durable synthetic fiber used across the textile and automotive industries. 2-propenenitrile's role in these sectors underscores its significance in modern manufacturing and industry.

Regional Coverage

The report provides a detailed analysis of the 2-propenenitrile market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the 2-propenenitrile price trend. 

Global 2-Propenenitrile Price

The report offers a holistic view of the global 2-propenenitrile pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe 2-Propenenitrile Price

European 2-propenenitrile prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed 2-propenenitrile price information for a comprehensive list of countries.

North America 2-Propenenitrile Price

The analysis of 2-propenenitrile prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific data on 2-propenenitrile prices within the United States and Canada can also be provided.

Middle East and Africa 2-Propenenitrile Price

The report explores the 2-propenenitrile pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on 2-propenenitrile prices for countries can also be provided.

Asia Pacific 2-Propenenitrile Price

The 2-propenenitrile pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This analysis can be further extended to include detailed 2-propenenitrile prices for a comprehensive list of countries within the region.

Latin America 2-Propenenitrile Price

The analysis of 2-propenenitrile prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of 2-propenenitrile pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting 2-propenenitrile price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the 2-propenenitrile industry.