Acrylonitrile Prices December 2023
Product
|
Category |
Region |
Price |
Acrylonitrile |
Petrochemicals |
USA |
1265 USD/MT |
Acrylonitrile |
Petrochemicals |
Japan |
1175 USD/MT |
Acrylonitrile |
Petrochemicals |
Belgium |
1335 USD/MT |
The price of acrylonitrile in North America showed a bullish trend during the fourth quarter of 2023. Initially the prices increased amid stressed availability of feedstock ammonia as the production rates were impacted by the reduced supplies of upstream natural gas. The low levels of the Mississippi River later impacted the supply rates of the United States in the market, reaching 1265 USD/MT.
The price trend for acrylonitrile in Asia Pacific experienced a bullish trend during Q4 of 2023. The Sumimoto Chemical Co Ltd. in Japan, which manufactures acrylonitrile, went under maintenance shutdown during the initial half of October 2023 and adversely affected the availability of supplies in the market. This resulted in the price of acrylonitrile reaching 1175 USD/MT in Japan.
The price trend for acrylonitrile in Europe experienced movements during Q4 2023, and the availability of supplies was tight during the beginning of the quarter in the market. This was primarily because Ineos Nitriles in Cologne, Germany which produces acrylonitrile was under maintenance shutdown during October 2023. As a result, the price of acrylonitrile reached 1335 USD/MT in Belgium.
Acrylonitrile Price Trend, Market Analysis, and News
IMARC’s newly published report, titled Acrylonitrile Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, offers an in-depth analysis of acrylonitrile 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 price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing acrylonitrile 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.
Acrylonitrile Market Analysis
The global acrylonitrile market size reached US$ 11.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 13.5 Billion, at a projected CAGR of 1.70% during 2023-2032.
- The increasing utilization of acrylonitrile as a primary raw material to produce acrylic and modacrylic fibers is impelling the growth of the market. Acrylic and modacrylic fibers are known for their lightweight and flame-resistant properties and used for creating various home furnishings, apparel items, and carpets. They are widely employed for the manufacturing of wigs or hairpieces for humans and even dolls. Moreover, according to a report presented by the National Alopecia Areata Foundation, about 2% of individuals around the world will experience alopecia areata at some point in their lifetime. This will further encourage people to invest in high-quality wigs to boost their self-esteem.
- Apart from this, the increasing adoption of acrylonitrile in the manufacturing of fleece jumpers and faux fur details in the textile industry is propelling the market growth. People are seeking trendy and comfortable clothing to elevate their style and boost their confidence levels. As a result, manufacturers are utilizing acrylonitrile for creating jumpers, shirts, and jackets with fleece and faux fur details. The research report of IMARC Group claims that the textile market is expected to reach US$ 1,445.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.
- The growing employment of acrylonitrile in the production of carbon fiber is offering a favorable market outlook. Carbon fiber-reinforced composites are often adopted in the creation of spacecrafts. They are also employed in the automotive industry due to its lightweight nature, cost-effectiveness, and high strength to weight ratio. According to International Energy Agency (IEA), electric car sales exceeded 10 million in 2022 and grew strongly through 2023.
- The increasing use of acrylonitrile as a fumigant for flour milling and bakery food processing equipment and stored tobacco is supporting the market growth. The World Health Organization (WHO) stated that there are currently 1.25 billion tobacco users in the world. This is driveing the demand for tobacco and raw materials for maintaining the quality of the product.
Acrylonitrile News
The report covers the latest developments, updates, and trends impacting the global acrylonitrile 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 acrylonitrile production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.
Latest developments in the acrylonitrile industry:
- October 2023: Trillium Renewable Chemicals announced its plans to scaleup its procedure for converting glycerol to acrylonitrile, with Zeton to create the demonstration facility.
- June 2023: INEOS Nitrile launched its first bio-attributed product line for acrylonitrile to deliver 90% decrement of greenhouse gas emissions.
Product Description
Acrylonitrile is a colorless, volatile, and flammable chemical compound primarily used in organic synthesis and polymerization processes. It can be dissolved in water and is capable of quickly evaporating. It is also soluble in ethanol, acetone, benzene, and ether.
It is often paired with carbon tetrachloride to manufacture a pesticide used to improve the yield of crops and protect them from harmful pests. It is widely utilized in the production of acrylic and modacrylic fibers. It is also a crucial component in the creation of plastics like acrylonitrile-butadiene-styrene and styrene-acrylonitrile resins. It is also employed as a fumigant and to make nitrile resins, which are necessary for beverage bottles. Acrylonitrile is used as a chemical intermediate in the production of other chemicals like acrylamide and adiponitrile.
Regional Coverage
The report provides a detailed analysis of the acrylonitrile 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 price trends.
Global Acrylonitrile Price
The report offers a holistic view of the global acrylonitrile 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 Acrylonitrile Price
The European region has experienced an unstable movement in the price range of acrylonitrile during the final quarter of 2023. The suppliers vigorously raised their quotations and in the mid-quarter demand-supply dynamics were seen to be moderate in the region. The disrupted availability of polypropylene inventories amid tight supplies from North American exporters impacted the production rate in the region.
This analysis can be extended to include detailed acrylonitrile price information for a comprehensive list of countries.
Region |
Countries Covered |
Europe |
Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Acrylonitrile Price
In North America, the acrylonitrile market has witnessed a bullish trend due to heightened product demand from downstream derivative businesses. The price trend during the mid-quarter rose as INVISTA went for force majeure in November 2023. Meanwhile, product stocking practices were persistent from the regional buyers, which ultimately declined before the Thanksgiving breaks and Black Friday sales when the domestic retailers also went on holiday.
Specific data on acrylonitrile prices within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Acrylonitrile Price
The report explores the acrylonitrile 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 acrylonitrile prices for countries can also be provided.
Region |
Countries Covered |
Middle East and Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Acrylonitrile Price
The acrylonitrile pricing in the Asia Pacific region showed a bullish trend due to reduction in production capacity by the Sumimoto Chemical Co. Ltd. however, during the mid-quarter the demand increased for end products form the polymer and elastomers industries due to a rise in the product procurement activities among the masses. Cost support also escalated for ammonia feedstock due to the lack of supplies amid reduced production scenarios.
This analysis can be further extended to include detailed acrylonitrile prices for a comprehensive list of countries within the region.
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Acrylonitrile Price
The analysis of acrylonitrile 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.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
Acrylonitrile |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece*
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Product Portfolio
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of acrylonitrile 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 acrylonitrile price volatility, 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 acrylonitrile industry.