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)

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 (%)

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 (%)

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 (%)

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.

INEOS Ltd
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

Table of Contents

1. Introduction 8

What is This Report About? 8

Market Definition 8

2. Global Acrylonitrile Capacity and Capital Expenditure Review 9

2.1 Global Acrylonitrile Industry, An Overview 9

2.2 Global Acrylonitrile Industry, Capacity by key countries, 2018-2028 10

2.3 Global Acrylonitrile Industry, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023 11

2.4 Global Acrylonitrile Industry, Top 10 Planned and Announced Projects 12

2.5 Global Acrylonitrile Industry, Capacity contribution by region 14

2.6 Key Companies by Acrylonitrile Capacity Contribution (% Share), 2022 15

2.7 Key Countries by Active Global Capacity Contribution to Acrylonitrile Industry 17

2.8 Global Acrylonitrile Industry, Installed Plant Capacity by Production Process, 2023 19

2.9 Regional Capacity Additions from Planned and Announced Projects 22

2.10 Global Capacity Additions from Planned and Announced Projects by Top 10 Countries 23

2.11 Global Capacity Additions from Planned and Announced Projects by Top 10 Companies 24

2.12 Regional Capex Spending on Planned and Announced Projects 26

2.13 Global Capex Spending on Planned and Announced Projects by countries 27

3. Global Planned and Announced Acrylonitrile Projects 28

4. Asia Acrylonitrile Industry 30

4.1 Asia Acrylonitrile Industry, An Overview 30

4.2 Asia Acrylonitrile Industry, Capacity by Key Countries, 2018–2028 31

4.3 Asia Acrylonitrile Industry, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023 32

4.4 Asia Acrylonitrile Industry, Installed Plant Capacity by Production Process, 2023 33

4.5 Asia Acrylonitrile Industry, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects 36

4.6 Asia Acrylonitrile Industry, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by countries 37

4.7 Acrylonitrile Industry in China 38

4.8 Acrylonitrile Industry, South Korea 43

4.9 Acrylonitrile Industry, Japan 44

4.10 Acrylonitrile Industry, Taiwan 45

4.11 Acrylonitrile Industry, Thailand 46

5. Europe Acrylonitrile Industry 47

5.1 Europe Acrylonitrile Industry, An Overview 47

5.2 Europe Acrylonitrile Industry, Capacity by Key Countries, 2018–2028 48

5.3 Europe Acrylonitrile Industry, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023 49

5.4 Europe Acrylonitrile Industry, Installed Plant Capacity by Production Process, 2022 50

5.5 Acrylonitrile Industry, Germany 52

5.6 Acrylonitrile Industry, Netherlands 53

5.7 Acrylonitrile Industry, Romania 54

5.8 Acrylonitrile Industry, United Kingdom 55

6. Former Soviet Union (FSU) Acrylonitrile Industry 56

6.1 FSU Acrylonitrile Industry, An Overview 56

6.2 FSU Acrylonitrile Industry, Capacity by Key Countries, 2018–2028 57

6.3 FSU Acrylonitrile Industry, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023 58

6.4 FSU Acrylonitrile Industry, Installed Plant Capacity by Production Process, 2023 59

6.5 FSU Acrylonitrile Industry, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects 60

6.6 FSU Acrylonitrile Industry, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by countries 61

6.7 Acrylonitrile Industry, Russia 62

6.8 Acrylonitrile Industry, Belarus 63

7. Middle East Acrylonitrile Industry 64

7.1 Middle East Acrylonitrile Industry, An Overview 64

7.2 Middle East Acrylonitrile Industry, Capacity by Key Countries, 2017–2027 65

7.3 Middle East Acrylonitrile Industry, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023 66

7.4 Middle East Acrylonitrile Industry, Installed Plant Capacity by Production Process, 2022 67

7.5 Middle East Acrylonitrile Industry, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects 68

7.6 Middle East Acrylonitrile Industry, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by countries 69

7.7 Acrylonitrile Industry, Turkey 70

7.8 Acrylonitrile Industry, Saudi Arabia 71

8. North America Acrylonitrile Industry 72

8.1 North America Acrylonitrile Industry, An Overview 72

8.2 North America Acrylonitrile Industry, Capacity by Key Countries, 2018–2028 73

8.3 North America Acrylonitrile Industry, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023 74

8.4 North America Acrylonitrile Industry, Installed Plant Capacity by Production Process, 2023 75

8.5 Acrylonitrile Industry, United States 76

9. South America Acrylonitrile Industry 77

9.1 South America Acrylonitrile Industry, An Overview 77

9.2 South America Acrylonitrile Industry, Capacity by Key Countries, 2018–2028 78

9.3 South America Acrylonitrile Industry, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023 79

9.4 South America Acrylonitrile Industry, Installed Plant Capacity by Production Process, 2023 80

9.5 Acrylonitrile Industry, Brazil 81

10. Appendix 82

10.1 Definitions 82

10.2 Abbreviations 83

10.3 Status Definition 83

10.4 Methodology 84

Contact Us 85

Table

Table 1: Acrylonitrile Industry, Global, key statistics, 2023 9

Table 2: Acrylonitrile Industry, Global, Capacity by Key Countries (mtpa), 2018–2028 10

Table 3: Acrylonitrile Industry, Global, Top 10 Planned and Announced Projects Details, 2024–2028 12

Table 4: Acrylonitrile Industry, Global, capacity by region (mtpa), 2023–2028 14

Table 5: Acrylonitrile Industry, global, capacity share of top 10 Companies (%), 2023 16

Table 6: Acrylonitrile Industry, global, active Capacity of Top 10 Countries (mtpa), 2023 18

Table 7: Global, Acrylonitrile Industry, Installed Plant Capacity by Production Process (%) 2023 20

Table 8: Global Acrylonitrile Industry, Installed Plant Capacity by Propylene Ammoxidation process, 2023 20

Table 9: Acrylonitrile Industry, global, planned and announced capacity additions by region (mtpa), 2028 22

Table 10: Acrylonitrile Industry, global, planned and announced capacity additions by top 10 countries (mtpa), 2028 23

Table 11: Acrylonitrile Industry, global, planned and announced capacity additions by Top 10 Companies (mtpa), 2028 25

Table 12: Acrylonitrile Industry, Global, Total Capex Spending on Planned and Announced Projects by Region ($ mil), 2024–2028 26

Table 13: Acrylonitrile Industry, Global, Total Capex Spending on Planned and Announced Projects by Countries ($ mil), 2024–2028 27

Table 14: Global, planned and announced Acrylonitrile projects details 28

Table 15: Acrylonitrile Industry, Asia, key statistics, 2023 30

Table 16: Acrylonitrile Industry, Asia, Capacity by Key Countries (mtpa), 2018–2028 31

Table 17: Asia, Acrylonitrile Industry, Installed Plant Capacity by Production Process (%) 2023 34

Table 18: Asia, Acrylonitrile Industry, Installed Plant Capacity by Propylene Ammoxidation process, 2023 34

Table 19: Acrylonitrile Industry, Asia, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects ($B), 2024–2028 36

Table 20: Acrylonitrile Industry, Asia, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by Countries ($B), 2024–2028 37

Table 21: Acrylonitrile Industry, China, Capacity by Major Plants (mtpa) 2018–2028 38

Table 22: Acrylonitrile Industry, South Korea, Capacity by Major Plants (mtpa) 2018–2028 43

Table 23: Acrylonitrile Industry, Japan, Capacity by Major Plants (mtpa) 2018–2028 44

Table 24: Acrylonitrile Industry, Taiwan, Capacity by Major Plants (mtpa) 2018–2028 45

Table 25: Acrylonitrile Industry, Thailand, Capacity by Major Plants (mtpa) 2018–2028 46

Table 26: Acrylonitrile Industry, Europe, key statistics, 2023 47

Table 27: Acrylonitrile Industry, Europe, Capacity by Key Countries (mtpa), 2018–2028 48

Table 28: Europe, Acrylonitrile Industry, Installed Plant Capacity by Production Process (%) 2023 51

Table 29: Europe, Acrylonitrile Industry, Installed Plant Capacity by Propylene Ammoxidation process, 2023 51

Table 30: Acrylonitrile Industry, Germany, Capacity by Major Plants (mtpa) 2018–2028 52

Table 31: Acrylonitrile Industry, Netherlands, Capacity by Major Plants (mtpa) 2018–2028 53

Table 32: Acrylonitrile Industry, Romania, Capacity by Major Plants (mtpa) 2018–2028 54

Table 33: Acrylonitrile Industry, UK, Capacity by Major Plants (mtpa) 2018–2028 55

Table 34: Acrylonitrile Industry, FSU, key statistics, 2023 56

Table 35: Acrylonitrile Industry, FSU, Capacity by Key Countries (mtpa), 2018–2028 57

Table 36: Acrylonitrile Industry, FSU, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects ($M), 2024–2028 60

Table 37: Acrylonitrile Industry, FSU, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by Countries ($M), 2024–2028 61

Table 38: Acrylonitrile Industry, Russia, Capacity by Major Plants (mtpa) 2018–2028 62

Table 39: Acrylonitrile Industry, Belarus, Capacity by Major Plants (mtpa) 2018–2028 63

Table 40: Acrylonitrile Industry, Middle East, key statistics, 2023 64

Table 41: Acrylonitrile Industry, Middle East, Capacity by Key Countries (mtpa), 2018–2028 65

Table 42: Acrylonitrile Industry, Middle East, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects ($M), 2024–2028 68

Table 43: Acrylonitrile Industry, Middle East, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by Countries ($M), 2024–2028 69

Table 44: Acrylonitrile Industry, Turkey, Capacity by Major Plants (mtpa) 2018–2028 70

Table 45: Acrylonitrile Industry, Saudi Arabia, Capacity by Major Plants (mtpa) 2018–2028 71

Table 46: Acrylonitrile Industry, North America, key statistics, 2023 72

Table 47: Acrylonitrile Industry, North America, Capacity by Key Countries (mtpa), 2018–2028 73

Table 48: Acrylonitrile Industry, US, Capacity by Major Plants (mtpa) 2018–2028 76

Table 49: Acrylonitrile Industry, South America, key statistics, 2023 77

Table 50: Acrylonitrile Industry, South America, Capacity by Key Countries (mtpa), 2018–2028 78

Table 51: Acrylonitrile Industry, Brazil, Capacity by Major Plants (mtpa) 2018–2028 81

Figures

Figure 1: Global Acrylonitrile Industry, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023 11

Figure 2: Acrylonitrile Industry, global, capacity by region (mtpa), 2023–2028 14

Figure 3: Acrylonitrile Industry, global, capacity share of top 10 companies (%), 2023 15

Figure 4: Acrylonitrile Industry, global, active capacity of top 10 countries (mtpa), 2023 17

Figure 5: Global, Acrylonitrile Industry, Installed Plant Capacity by Production Process (%) 2023 19

Figure 6: Acrylonitrile Industry, global, planned and announced capacity additions by region (mtpa), 2028 22

Figure 7: Acrylonitrile Industry, global, planned and announced Capacity Additions by Top 10 countries (mtpa), 2028 23

Figure 8: Acrylonitrile Industry, global, planned and announced Capacity Additions by Top 10 companies (mtpa), 2028 24

Figure 9: Acrylonitrile Industry, Total Capex Spending on Planned and Announced Projects by Region ($ mil), 2024–2028 26

Figure 10: Acrylonitrile Industry, Total Capex Spending on Planned and Announced Projects by Countries ($ mil), 2024–2028 27

Figure 11: Acrylonitrile Industry, Asia, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023 32

Figure 12: Asia, Acrylonitrile Industry, Installed Plant Capacity by Production Process (%) 2023 33

Figure 13: Acrylonitrile Industry, Asia, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects ($B), 2024–2028 36

Figure 14: Acrylonitrile Industry, Asia, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by Countries ($B), 2024–2028 37

Figure 15: Acrylonitrile Industry, Europe, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023 49

Figure 16: Europe, Acrylonitrile Industry, Installed Plant Capacity by Production Process (%) 2023 50

Figure 17: Acrylonitrile Industry, FSU, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023 58

Figure 18: Acrylonitrile Industry, FSU, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects ($M), 2024–2028 60

Figure 19: Acrylonitrile Industry, FSU, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by Countries ($M), 2024–2028 61

Figure 20: Acrylonitrile Industry, Middle East, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023 66

Figure 21: Acrylonitrile Industry, Middle East, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects ($M), 2024–2028 68

Figure 22: Acrylonitrile Industry, Middle East, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by Countries ($M), 2024–2028 69

Figure 23: Acrylonitrile Industry, North America, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023 74

Figure 24: Acrylonitrile Industry, South America, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023 79

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