Acrylonitrile registered strong gains on quarterly basis with strengthening downstream market while a larger population stayed at home and hot weather in the region bolstered the demand for air-conditioners, refrigerators and other appliances. Supply constraints surfaced as the leading producer INEOS Nitriles announced maintenance turnaround at its larger production line in Germany for 3-4 weeks at the end of the third quarter. Balanced inventory levels have pushed the operating rates to 85% in Europe as producers sense the demand to head towards much needed recovery in the fourth quarter.
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Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
Finally, region-specific markets for Acrylonitrile are analyzed and region-wise demand pattern is tracked.
Acrylonitrile (abbreviated as ACN) is a colorless organic compound with slightly pungent odor and denoted by the formula CH2CHCN. ACN is mostly manufactured by one-step propylene ammoxidation process, which involves combination of propylene, ammonia, and air in a fluidized bed reactor to produce ACN with acetonitrile and hydrogen cyanide produced as by-products. Acrylonitrile is mainly used as a monomer or comonomer in the production of synthetic fibres, plastics and synthetic rubbers. The largest end-use of ACN is the manufacturing of acrylic and monoacrylic fibres, which are comfortable and soft with warm tactile feeling similar to wool fibres. Hence, they are popularly used in clothing such as sweaters and jumpers, socks and sportswear. Acrylic fibres are also used in home furnishings and beddings such as carpets, upholstery, cushions and blankets. Other major uses include the production of high-engineering plastics such as acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN) which are giving strong competition to polymers such as Polystyrene (PS) and Polyvinyl Chloride (PVC) in sectors such as electronic appliances, packaging, household goods and automotive applications. Acrylonitrile is also used for manufacturing elastomers and latexes such as Nitrile rubbers, Adiponitrile and Acrylamide which are witnessing increased usage across several downstream sectors.