India Acrylonitrile Market By Applications (Styrene (ABS), Acrylic Fibre, Acrylamide, Nitrile Butadiene, Rubber, Others), By End Use (Automotive, Construction, Electrical and Electronics, Textile, Packaging, Others), By Region, Competition, Forecast and Opportunities, 2020-2030F
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Acrylonitrile Market By Applications (Styrene (ABS), Acrylic Fibre, Acrylamide, Nitrile Butadiene, Rubber, Others), By End Use (Automotive, Construction, Electrical and Electronics, Textile, Packaging, Others), By Region, Competition, Forecast and Opportunities, 2020-2030F
Forecast Period | 2026-2030 |
Market Size (2024) | 295.37 thousand Metric Tonnes |
CAGR (2025-2030) | 3.29% |
Fastest Growing Segment | Styrene (ABS) |
Largest Market | West India |
Market Size (2030) | 357.95 thousand Metric Tonnes |
Market Overview
India Acrylonitrile Market is expected to reach at 295.37 thousand Metric tonnes in 2024 and is poised for strong growth in the forecast period to reach
The Indian Acrylonitrile market is a significant segment of the country's petrochemical industry, playing a pivotal role in the production of a wide range of essential products, including synthetic fibers, resins, and plastics. Acrylonitrile is a key building block chemical that finds applications in various industries.
Acrylonitrile is also used in water treatment chemicals and as an intermediate in chemical synthesis. Its role in these applications further adds to the overall demand for Acrylonitrile.
The production, distribution, and use of Acrylonitrile in India are subject to regulatory standards set by government agencies such as the Bureau of Indian Standards (BIS) and the Ministry of Environment, Forest, and Climate Change. These regulations are in place to ensure safety, quality, and environmental standards are met. Given the potential environmental impact of Acrylonitrile production, adherence to stringent environmental regulations is essential.
International companies from countries like China, South Korea, and Japan also play a significant role in the Indian market. They either directly export Acrylonitrile or collaborate with local distributors. This competition fosters innovation, quality enhancement, and competitive pricing, ultimately benefiting end-users.
The industry is witnessing a growing emphasis on sustainable production practices. This includes the adoption of greener technologies, recycling of Acrylonitrile-based materials, and reducing the environmental footprint of production processes. Research and development efforts are focused on creating innovative applications for Acrylonitrile and its derivatives, expanding its usage beyond traditional sectors. These advancements drive market growth and diversification.
Therefore, the India Acrylonitrile market serves as a vital component of the nation's petrochemical industry, supporting the production of synthetic fibers, plastics, and various chemical applications. While challenges related to raw material dependency and environmental regulations persist, emerging trends in green chemistry and advanced applications offer opportunities for growth and sustainability. As India's textile and plastics industries continue to evolve and expand, the role of Acrylonitrile remains integral in shaping the nation's industrial landscape.
Key Market Drivers
Rising Demand for ABS Plastics Propels Indian Acrylonitrile Market Growth
The Indian acrylonitrile market is witnessing significant growth, driven by the rising demand for acrylonitrile butadiene styrene (ABS) plastics. ABS is a versatile thermoplastic polymer known for its strength, toughness, and excellent impact resistance, making it a preferred choice for a wide range of applications in industries such as automotive, consumer goods, electronics, and construction. As India's economy continues to grow, and with an increasing focus on consumer and industrial products, the demand for ABS plastics has been on the rise, making acrylonitrile a pivotal component in the production of ABS.
One of the primary applications of acrylonitrile is in the production of the butadiene-styrene-acrylonitrile (ABS) copolymer. ABS plastics offer a unique combination of properties, including high strength, impact resistance, and dimensional stability, which makes them suitable for various applications. ABS is widely used in automotive components, consumer goods, electronics, and the construction industry. In the automotive sector, ABS is used for manufacturing components such as bumpers, interior trim, and dashboard components due to its ability to withstand impacts and harsh environmental conditions.
In the consumer goods industry, ABS is employed for producing a wide range of products, including toys, appliances, and luggage. The material's durability and versatility make it suitable for items that require strength and impact resistance, ensuring the longevity and safety of consumer products.
The construction sector also relies on ABS for applications like pipes, fittings, and profiles. ABS's resistance to corrosion, impact, and chemicals, along with its ease of installation, contributes to its suitability for construction-related uses.
Rising Automobile Industry is Expected to Drive India's Acrylonitrile Market Growth
The Indian acrylonitrile market is poised for significant growth, largely driven by the thriving automobile industry in the country. Acrylonitrile, a key chemical compound used in the production of synthetic rubber and resins, plays a pivotal role in the manufacturing of a wide range of automotive components. As India's automobile industry continues to expand and evolve, the demand for acrylonitrile is expected to surge, providing essential solutions for the production of high-performance and durable automotive parts.
One of the primary applications of acrylonitrile in the automotive sector is in the production of acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN) resins. These resins are widely used for the manufacturing of automotive components such as interior trim, dashboard components, door panels, and exterior body parts. ABS and SAN resins are preferred due to their excellent combination of properties, including high strength, impact resistance, and dimensional stability, which are critical for ensuring the safety, durability, and performance of automobiles.
In the automotive industry, acrylonitrile is crucial for producing components like bumpers, grilles, and interior trim. These parts require materials that can withstand impact, temperature variations, and exposure to environmental factors, and acrylonitrile-based resins meet these requirements, ensuring that vehicles are safe, reliable, and aesthetically appealing.
As the automotive industry seeks to reduce its carbon footprint and transition toward electric and hybrid vehicles, acrylonitrile's role in lightweighting and improving the fuel efficiency of vehicles becomes even more critical. Lightweight materials based on acrylonitrile, such as ABS and SAN resins, contribute to the reduction of vehicle weight and, consequently, lower fuel consumption and emissions.
Growing Demand for Water Treatment and Chemical Manufacturing is Propelling the India Acrylonitrile Market Growth
The Indian acrylonitrile market is experiencing significant growth, largely attributed to the growing demand from the water treatment and chemical manufacturing sectors. Acrylonitrile, a crucial chemical compound used in the production of various polymers and specialty chemicals, has found increased utility in applications related to water treatment and chemical manufacturing. As India's industrial and chemical sectors continue to expand, the demand for acrylonitrile is on the rise, providing essential solutions for the production of materials that contribute to water purification and the synthesis of various chemical compounds.
One of the primary applications of acrylonitrile in the water treatment sector is in the manufacturing of polyacrylonitrile (PAN) membranes. PAN membranes are used in water and wastewater treatment processes, particularly in reverse osmosis and ultrafiltration systems. These membranes are critical for removing impurities, contaminants, and particles from water sources, ensuring the production of clean and safe drinking water and meeting the stringent standards for water quality.
The demand for clean and potable water is growing in India, driven by population expansion, urbanization, and the need to address water pollution issues. Water treatment processes, including those that employ PAN membranes, have become essential for providing access to safe drinking water and treating industrial wastewater, leading to a higher requirement for acrylonitrile in membrane production.
As India's chemical manufacturing sector expands and diversifies, the demand for acrylonitrile as a vital raw material to produce specialty chemicals has increased significantly. The chemical industry plays a pivotal role in the country's economic growth, as chemicals are used in a wide range of applications, including pharmaceuticals, agriculture, textiles, and industrial processes.
The growth in India's water treatment and chemical manufacturing sectors has led to investments in expanding acrylonitrile production capacities and ensuring the quality and consistency of the material. A reliable and consistent supply of high-quality acrylonitrile is essential for manufacturers in these sectors, as they depend on this key chemical to produce materials and chemicals that meet strict industry standards and environmental regulations.
Key Market Challenges
Volatility in Raw Material Prices
Volatility in raw material prices is a significant hindrance to the growth of the Acrylonitrile market in India. Acrylonitrile, a vital chemical compound used in the production of synthetic fibers, resins, and plastics, depends on the stable and cost-effective availability of its primary feedstock, propylene. However, the pricing of propylene and other raw materials is subject to fluctuation due to various factors, including global market dynamics, supply disruptions, and geopolitical events.
Competition from Imports
Competition from imports is emerging as a notable hindrance to the growth of the Acrylonitrile market in India. Acrylonitrile, a crucial chemical compound used in the production of synthetic fibers, resins, and plastics, faces intense competition from cheaper imported alternatives. These imported products, often originating from countries with lower production costs and varying regulatory standards, enjoy a cost advantage, making them more attractive to Indian consumers and industries.
Key Market Trends
Growing Demand from Textile and Apparel Industry
The India Acrylonitrile market is currently experiencing robust growth, driven by a pivotal trend—the growing demand from the textile and apparel industry. Acrylonitrile is a key chemical compound used in the production of acrylic fibers, which have a wide range of applications, including textiles and apparel. The surge in demand from this sector is powered by several significant factors and is playing a central role in the expansion of the Acrylonitrile market.
One of the primary drivers of this trend is the evolving consumer preferences in the textile and fashion industry. Consumers are increasingly seeking clothing that offers a balance of comfort, durability, and style. Acrylic fibers, produced from Acrylonitrile, provide these qualities, making them an essential component in various apparel, including sweaters, blankets, and sportswear. Their versatility and adaptability to different types of clothing cater to the changing needs and preferences of consumers.
The versatility of acrylic fibers plays a pivotal role in meeting the demands of the textile and apparel industry. These fibers can mimic the look and feel of natural fibers while offering exceptional performance characteristics. As designers and manufacturers seek materials that can meet various fashion requirements, Acrylonitrile has gained prominence for enabling the production of apparel that combines fashion and functionality.
Research and Development Efforts are Focused on Creating innovative Application
The India Acrylonitrile market is currently experiencing significant growth, and a prominent trend in this market is the focus on research and development (R&D) efforts directed toward creating innovative applications. Acrylonitrile is a versatile chemical compound known for its use in the production of acrylic fibers and resins, but its potential applications are expanding. The emphasis on R&D to unlock new and innovative uses for Acrylonitrile is driven by several crucial factors and is playing a central role in the growth of the Acrylonitrile market.
One of the primary drivers of this trend is the demand for sustainable and eco-friendly materials across various industries. Researchers are exploring innovative applications for Acrylonitrile that align with sustainability goals, including the development of biodegradable plastics and environmentally responsible coatings. As the world seeks solutions to reduce environmental impact, the development of such innovative applications is becoming increasingly important.
The competitive nature of the global chemical industry drives the pursuit of innovation. Indian manufacturers and researchers are keen to create unique and proprietary applications for Acrylonitrile to gain a competitive edge in the market. By diversifying the utility of Acrylonitrile, India positions itself as a forward-thinking player in the global chemical industry, fostering the expansion of the Acrylonitrile market.
Segmental Insights
Application Insights
Based on the Application, the automotive segment emerged as the dominant player in the Indian market for Acrylonitrile in 2024. Acrylonitrile is a crucial component in the production of acrylonitrile-butadiene-styrene (ABS) resins, which are widely used in the automotive industry. ABS resins are known for their high impact resistance, strength, and durability, making them a preferred material for various automotive components, including interior and exterior parts, dashboards, trim, and other components. The growth of the automotive sector in India and the demand for durable, lightweight, and aesthetically pleasing automotive parts have driven the prominence of the automotive segment in the Acrylonitrile market.
The automotive industry in India has been witnessing substantial growth, driven by factors such as rising consumer demand, increased disposable incomes, and urbanization. As the automotive sector expands, the need for high-quality materials like ABS resins also increases. Acrylonitrile is a key ingredient in ABS resins, making it an integral part of the automotive manufacturing supply chain.
End User Insights
Based on the end use, the styrene (ABS) segment is projected to experience rapid growth during the forecast period. ABS, short for Acrylonitrile Butadiene Styrene, is a thermoplastic polymer that finds widespread application in a variety of industries. Its versatility, along with its superior qualities such as high impact resistance, mechanical strength, and ease of processing, makes it a preferred choice in several key sectors.
In the automotive industry, ABS is extensively used for manufacturing interior and exterior components, contributing to lightweight design and enhanced safety. Moreover, in consumer goods, ABS is favored for its aesthetic appeal and durability, making it a top choice for producing products like toys, electronic device housings, and kitchen appliances. ABS's role extends into electronics manufacturing, where it is utilized for enclosures, casings, and components, benefiting from its electrical insulating properties and resistance to heat. In construction, ABS is essential for applications like pipes, fittings, and decorative moldings, primarily due to its resistance to chemical exposure and weathering. Furthermore, the packaging sector also relies on ABS for creating various packaging materials and containers.
As a result of its wide-reaching and critical applications in these sectors, the styrene (ABS) segment is anticipated to assert its dominance in the global Acrylonitrile market. However, market conditions are dynamic, and continuous monitoring of industry reports and market analysis is essential to validate and stay updated on this projection and the factors driving this domination within the Acrylonitrile market.
Regional Insights
Based on the region, the West India region's domination in the Indian Acrylonitrile market can be attributed to its strategic location, robust infrastructure, the presence of key industry players, a skilled workforce, investment-friendly policies, and the strong demand from various industrial sectors. These factors collectively contribute to its leading position in the Acrylonitrile market in India. West India, comprising states like Gujarat and Maharashtra, has emerged as a significant industrial hub with a thriving chemical and petrochemical sector. Several key elements contribute to the region's domination in this market.
West India is strategically located near major petrochemical hubs and ports, facilitating the efficient transportation of raw materials and finished products. The accessibility to ports like Kandla and Mumbai ensures seamless import and export of Acrylonitrile, making it a favorable location for manufacturers and distributors.
The region boasts well-developed infrastructure, including industrial parks, chemical clusters, and a robust transportation network. This infrastructure supports the manufacturing and distribution of Acrylonitrile, reducing logistical challenges and costs. Many leading chemical and petrochemical companies have established their operations in West India. This concentration of industry leaders has created a conducive ecosystem for the production and trade of Acrylonitrile.
West India benefits from a skilled labor force with expertise in chemical manufacturing and related processes. This skilled workforce is essential for ensuring the consistent quality and production of Acrylonitrile.
The West Indian states have attracted substantial investments in the chemical and petrochemical sectors. This has resulted in technological advancements, research and development activities, and a competitive edge that strengthens the region's position in the Acrylonitrile market. The governments of Gujarat and Maharashtra have implemented policies and initiatives to encourage industrial growth, including the chemical sector. This includes ease of doing business, tax incentives, and other measures that make it attractive for companies to set up operations in the region.
Recent Development
In 2022, Reliance Industries' chairman, Mukesh Ambani, announced plans to construct India's first and one of the world's largest Carbon Fibre plants at Hazira, Gujarat, with a capacity of 20,000 MTPA, utilizing Acrylonitrile feedstock. An investment of ₹75,000 crore over five years will be allocated to expand capacities in existing and new value chains, including the Polyester value chain, Vinyl chain, and New Materials. This includes building a 3 MMTPA single-train PTA plant and a 1 MMTPA PET plant at Dahej, alongside enhancing capacities in Polyester Filament Yarn and Polyester Staple Fibre production. Also, expansions in Vinyl chain, incorporating EDC and PVC production, are underway in India and the UAE, aiming to meet regional demand. Ambani emphasized integrating the composites business with Carbon Fibre, addressing growing lightweight needs in Mobility and Renewable Energy sectors. Reliance is on track to achieve net carbon zero by 2035.
Key Market Players
- National Analytical Corporation -
Chemical Division
- Otto
Chemie Pvt. Ltd
- Neeta
Chemical (India) Pvt. Ltd.
- Indian
Petrochemicals Corporation Limited (IPCL)
- Reliance Industries Limited
By End Use |
By
Application |
By Region |
|
|
|
Table of Content
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
List Tables Figures
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy