Acrylonitrile Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2028
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Acrylonitrile Industry Capacity & Capital Expenditure (Capex) Overview
The acrylonitrile industry capacity was 9.55 million tonnes per annum (mtpa) in 2023. China, the US, South Korea, Japan, and Taiwan were the key countries accounting for most of the acrylonitrile capacity in 2023. The acrylonitrile industry capacity will garner an AAGR of more than 4% from 2023 to 2028. In terms of global Capex spending non acrylonitrile industry planned and announced projects, Asia will account for the largest regional share with China spending a significant amount on seven planned acrylonitrile projects between 2024 and 2028.
Acrylonitrile Industry Capacity and Capex Outlook, 2023-2028 (mtpa)
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The acrylonitrile industry capacity and capex report outlook offers information on all active, planned, and announced projects globally. The report also covers the contribution shares of the top acrylonitrile industry players. In addition, detailed insights about global acrylonitrile capex spending on planned and announced projects are included in the report. The historical and forecast evaluation of the acrylonitrile industry capacity data in this report will aid clients in making informed business decisions.
Market Capacity 2023 | 9.55 Mtpa |
AAGR (2023-2028) | >4% |
Historical Period | 2018-2023 |
Forecast Period | 2024-2028 |
Key Regions | · Asia
· North America · Europe · Former Soviet Union (FSU) · Middle East · South America |
Key Projects | · Zhejiang Petrochemical Daishan Acrylonitrile Plant 2
· Hengli Petrochemical New Material Dalian Acrylonitrile Plant · Jinneng Science & Technology Company Qingdao Acrylonitrile Plant · Shandong Yulong Petrochemical Longkou Acrylonitrile Plant · Reliance Industries Hazira Acrylonitrile Plant |
Leading Companies | · INEOS Ltd
· China Petrochemical Corp · Asahi Kasei Corp · Jiangsu Shenghong Group Co Ltd · China National Petroleum Corp |
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Acrylonitrile Industry Capacity and Capex by Regions
The key acrylonitrile industry capacity contributors include Asia, Europe, North America, the Middle East, FSU, and South America. Among regions, Asia led with the largest capacity contribution globally in 2023, followed by North America and Europe. The region witnessed China as its leading acrylonitrile industry capacity contribute during the same time. During the forecast period, Asia will emerge as the prominent region contributing to global Capex in the acrylonitrile industry. The main Capex spending will be from a planned China-based project, Zhejiang Petrochemical Daishan Acrylonitrile Plant 2.
Regional Acrylonitrile Industry Capacity and Capex Analysis, 2023 (%)
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Acrylonitrile Industry Capacity and Capex by Planned, and Announced Projects
The leading planned and announced acrylonitrile projects are Zhejiang Petrochemical Daishan Acrylonitrile Plant 2, Hengli Petrochemical New Material Dalian Acrylonitrile Plant, Jinneng Science & Technology Company Qingdao Acrylonitrile Plant, Shandong Yulong Petrochemical Longkou Acrylonitrile Plant, and Reliance Industries Hazira Acrylonitrile Plant among others.
Zhejiang Petrochemical Daishan Acrylonitrile Plant 2, based in China, from Zhejiang Petrochemical Co Ltd will be the leading planned project with the highest acrylonitrile industry capacity and capex during the projected period.
Top Acrylonitrile Industry Capacity and Capex Projects, 2024-2028 (%)
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Acrylonitrile Industry Capacity and Capex - Competitive Landscape
The leading acrylonitrile manufacturers are:
- INEOS Ltd
- China Petrochemical Corp
- Asahi Kasei Corp
- Jiangsu Shenghong Group Co Ltd
- China National Petroleum Corp
In 2023, INEOS Ltd accounted for the largest acrylonitrile capacity share with the major capacity contribution from INEOS Nitriles Green Lake Acrylonitrile Plant. INEOS Ltd also will lead among the key companies in terms of global capacity additions from planned and announced acrylonitrile projects by 2028.
Leading Acrylonitrile Industry Manufacturers, 2023 (%)
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Key Segments Covered in the Report
Acrylonitrile Industry Capacity Contribution Regional Outlook (Capacity, mtpa, 2018-2028)
- Asia
- Europe
- North America
- Middle East
- Former Soviet Union (FSU)
- South America
Scope
The report provides:
- Global acrylonitrile industry capacity outlook by region
- Global acrylonitrile outlook by country
- Acrylonitrile industry planned and announced projects details
- Capacity share of the major acrylonitrile producers globally
- Global acrylonitrile capital expenditure outlook by region
- Global acrylonitrile capital expenditure outlook by country
Reasons to Buy
- Obtain the most up to date information available on all active, planned, and announced acrylonitrile plants globally.
- Identify opportunities in the global acrylonitrile industry with the help of upcoming projects and capital expenditure outlook.
- Facilitate decision-making based on strong historical and forecast acrylonitrile capacity data.
Zhejiang Rongsheng Holding Group Co Ltd
Sasa Polyester Sanayi AS
China Petrochemical Corp
Formosa Plastics Group
Hengli Petrochemical (Dalian) Co Ltd
Sinochem Holdings Corp Ltd
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Frequently asked questions
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What was the acrylonitrile industry capacity in 2023?
The acrylonitrile industry capacity was 9.55 mtpa in 2023.
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What will the acrylonitrile industry capacity estimated growth be during 2023-2028?
The acrylonitrile industry capacity is expected to increase at an AAGR of more than 4% during 2023-2028.
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Which region accounted for the highest acrylonitrile industry capacity and capex contribution in 2023?
Asia led with the largest acrylonitrile industry capacity and capex contribution globally in 2023.
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Which country accounted for the highest acrylonitrile industry capacity and capex share in 2023?
Among the key countries, China accounted for the highest acrylonitrile industry capacity and capex share in 2023.
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Which are the leading acrylonitrile industry manufacturers?
INEOS Ltd, China Petrochemical Corp, Asahi Kasei Corp, Jiangsu Shenghong Group Co Ltd, and China National Petroleum Corp among others are the leading acrylonitrile manufacturers.
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