|
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 357.95 thousand Metric tonnes , with a projected Compound Annual Growth Rate (CAGR) of 3.29%
through 2030.
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 a crucial component in the
production of synthetic fibers, including acrylic fibers. The textile and
apparel industry relies on these synthetic fibers for manufacturing various
clothing and textiles. As India's textile and apparel industry continues to
grow, the demand for Acrylonitrile remains robust. Acrylonitrile is used in the production of
acrylonitrile-butadiene-styrene (ABS) resins and other plastic materials. These
materials are widely employed in manufacturing a diverse range of products,
including automotive parts, consumer goods, and packaging materials. The demand
for these products contributes significantly to the Acrylonitrile market.
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 supply of Acrylonitrile in India is met through
a combination of domestic production and imports. Leading Indian petrochemical
companies, such as Indian Oil Corporation (IOC) and Reliance Industries,
operate Acrylonitrile production facilities, ensuring a steady supply to meet
domestic requirements. While domestic production caters to a substantial
portion of the market, India occasionally imports Acrylonitrile to bridge
supply gaps or address specific demand surges. Import sources typically include
countries like China, South Korea, and Japan.
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. The competitive landscape of the Indian
Acrylonitrile market features a mix of domestic and international players.
Indian manufacturers benefit from their deep understanding of local market
dynamics, regulatory compliance, and established relationships with domestic
clients. These companies are integral to meeting the growing demand for
Acrylonitrile in the textile, plastics, and chemical industries.
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. Acrylonitrile production depends on the
availability and price of propylene, which is derived from petrochemical
feedstocks. Fluctuations in raw material prices can significantly impact
production costs and pricing. The Acrylonitrile production process can have
implications on air and water quality. Adhering to stringent environmental
regulations is critical to mitigate these concerns.
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. Furthermore, ABS plastics find extensive use in the
electronics industry for enclosures, housings, and components for various
devices and equipment. Its electrical insulating properties, coupled with its
strength and ease of processing, make it an ideal choice for ensuring the
protection and functionality of electronic devices.
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. As India's economy continues to expand, the demand
for consumer goods, automotive components, electronics, and construction
materials has increased significantly. This growth has led to higher
requirements for ABS plastics, and consequently, for acrylonitrile as a crucial
raw material for ABS production. The surge in construction activities,
increased automotive production, and growing consumer demand for durable and
safe products have all contributed to the elevated need for ABS in the country. To meet the rising demand for acrylonitrile used in
ABS production, investments are being made in expanding production capacities
and ensuring the quality and consistency of the material. A reliable supply of
high-quality acrylonitrile is essential for manufacturers in the ABS plastics
industry, as they depend on this key component to produce products that meet
stringent industry standards and consumer expectations. The focus on sustainability and
eco-friendliness in the plastics and polymer industry aligns with the use of
ABS. Modern production processes in this sector have evolved to become more
environmentally responsible, with a focus on reducing waste, energy
consumption, and emissions. ABS contributes to these sustainability goals by
enabling the production of durable, long-lasting, and recyclable products,
aligning with the growing emphasis on environmental responsibility and product
lifecycle management. The rising demand for ABS plastics
is propelling the growth of the acrylonitrile market in India. ABS's unique
combination of properties, including strength, impact resistance, and
dimensional stability, makes it a versatile material for numerous applications
in industries such as automotive, consumer goods, electronics, and
construction. As India's economy expands, the demand for ABS plastics has
surged, driving the need for acrylonitrile as a critical component in ABS
production. This growth not only advances various industries but also
strengthens India's position as a hub to produce durable, versatile, and
sustainable polymer-based products that cater to the demands of modern
consumers and industry.
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 India's automobile manufacturing sector
experiences growth, the demand for high-quality automotive components and
materials, such as those made from ABS and SAN resins, is on the rise. The
expansion of manufacturing facilities, increased production capacity, and the
development of innovative vehicle models have all contributed to the increased
demand for acrylonitrile. The shift in consumer preferences and
the introduction of stricter safety and environmental regulations have driven
the need for innovative and advanced automotive designs. Acrylonitrile-based
materials are instrumental in achieving these goals, allowing automakers to
produce vehicles that are not only stylish and functional but also safe,
fuel-efficient, and environmentally friendly. The growth in India's automobile sector 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 the automotive
industry, as they depend on this key chemical to create components that meet
industry standards and consumer expectations.
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. The rising automobile industry in
India is expected to drive the growth of the acrylonitrile market. As the
country's automobile manufacturing sector continues to expand and adapt to
changing consumer preferences and regulatory requirements, acrylonitrile will
play a pivotal role in the production of high-performance, lightweight, and
eco-friendly automotive components. This growth not only advances the
automotive industry but also strengthens India's position as a hub to produce
innovative and sustainable vehicles that meet the demands of modern consumers
and environmental standards.
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. Acrylonitrile is used in chemical
manufacturing processes to produce a variety of chemicals and intermediates. It
serves as a key building block for the synthesis of specialty chemicals like
adiponitrile, which is used in the production of nylon-6,6, a critical material
for textiles and engineering plastics. Chemical manufacturing industries also
utilize acrylonitrile in the production of acrylamide, a chemical compound used
in the manufacture of superabsorbent polymers (SAPs) that find application in
diapers, hygiene products, and agriculture.
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. Acrylonitrile contributes to the
development of innovative and sustainable chemicals that can address various
environmental and industrial challenges. Its utility in water treatment and
chemical manufacturing aligns with the growing emphasis on eco-friendly and
responsible production processes, which is becoming increasingly important in
India and around the world.
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. The growing demand from the water
treatment and chemical manufacturing sectors is propelling the growth of the
acrylonitrile market in India. As the country addresses water treatment
challenges, strives for clean and safe drinking water, and expands its chemical
manufacturing capabilities, acrylonitrile is playing a pivotal role in membrane
production and chemical synthesis. This growth not only advances the water
treatment and chemical industries but also strengthens India's position as a hub
for the production of materials and chemicals that contribute to environmental
sustainability and address the diverse needs of modern industrial processes and
water purification.
Download Free Sample Report
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. The unpredictable fluctuations in raw material
prices not only disrupt production planning but also impact the profit margins
of Acrylonitrile manufacturers. This creates challenges in pricing stability,
resource allocation, and budgeting for both producers and consumers.
To mitigate the impact of raw material price
volatility, the India Acrylonitrile market should consider strategies such as
diversifying sourcing options, implementing long-term supply agreements, and
effective inventory management. These measures are essential for maintaining
market competitiveness and fostering sustainable growth, even in the face of
raw material price uncertainties.
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. The influx of imported Acrylonitrile not only
impacts the market share of domestic manufacturers but also puts pressure on
their pricing and profitability. This, in turn, creates challenges for the
local industry, including difficulties in maintaining market share and
competitiveness.
To counter this challenge and stimulate growth in
the India Acrylonitrile market, domestic producers must focus on enhancing
product quality, cost efficiency, and innovation to remain competitive.
Collaborations and partnerships with regulatory authorities to ensure a level
playing field can also help address the competition from imports and maintain
the market's long-term viability.
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 fashion industry's pursuit of
sustainability is contributing to the growing demand for Acrylonitrile. Acrylic
fibers are recognized for their excellent durability and resistance to wear and
tear, leading to longer-lasting clothing items. This durability aligns with the
industry's push for more sustainable practices, promoting longevity and reduced
textile waste.
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. The growing demand from the textile
and apparel industry is a key driver for the growth of the India Acrylonitrile
market. As the textile sector continues to evolve, driven by changing consumer
preferences and sustainability concerns, Acrylonitrile's role in providing
versatile, durable, and stylish solutions positions India as a dynamic player
in the global textile and fashion market, fostering the expansion of the
Acrylonitrile market.
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 evolution of technology and materials
science has opened up new possibilities for Acrylonitrile. Researchers are
focusing on creating advanced applications that harness Acrylonitrile's unique
properties, such as its excellent chemical resistance and thermal stability.
These applications range from high-performance engineering plastics to
specialty coatings, with potential uses in the automotive, aerospace, and
electronics industries.
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. The focus on R&D efforts
directed at creating innovative applications for Acrylonitrile is a key driver
for the growth of the India Acrylonitrile market. As the chemical industry
continues to evolve, driven by sustainability concerns and technological
advancements, India's commitment to innovation supports its position as a
dynamic player in the global chemical sector, contributing to 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. The Indian automotive industry caters to
both domestic and international markets, necessitating the use of high-quality
materials to meet international standards. Acrylonitrile's role in the
production of ABS resins aligns with the automotive industry's requirements for
reliable and durable components.
ABS resins offer advantages such as
design flexibility, ease of processing, and resistance to environmental
factors, all of which are important in the automotive sector. These properties
contribute to the prominence of the automotive segment in the Acrylonitrile
.
Download Free Sample Report
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.
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
|
- Automotive
- Construction
- Electrical and Electronics
- Textile
- Packaging
- Others
|
- Styrene (ABS)
- Acrylic Fibre
- Acrylamide
- Nitrile Butadiene
- Rubber
- Others
|
- West India
- North India
- South India
- East India
|
Report Scope:
In this report, the India Acrylonitrile Market has
been segmented into the following categories, in addition to the industry trends
which have also been detailed below:
- India Acrylonitrile Market, By End Use:
o Automotive
o Construction
o Electrical and Electronics
o Textile
o Packaging
o Others
- India Acrylonitrile Market, By Application:
o Styrene (ABS)
o Acrylic Fibre
o Acrylamide
o Nitrile Butadiene
o Rubber
o Others
- India Acrylonitrile Market, By Region:
o West India
o North India
o South India
o East India
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the India
Acrylonitrile Market.
Available Customizations:
India Acrylonitrile Market report with the
given market data, TechSci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
India Acrylonitrile Market is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]