The Global Acrylonitrile (ACN) Market was valued at US$ 11,890 million in 2022 and is projected to reach US$ 14,790 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period (2023–2029). This growth is being driven by rising demand for ABS and SAN resins in automotive and electronics sectors, expanding applications in acrylic fibers for textiles, and increasing production of synthetic rubbers like NBR, while considering the impacts of COVID-19 and the Russia-Ukraine War on supply chains and raw material availability.

As the chemical industry evolves toward sustainable production and advanced materials, the focus turns to the leading producers who are innovating in efficient manufacturing processes, expanding capacities, and developing eco-friendly alternatives. In this blog, we profile the Top 10 Companies in the Acrylonitrile (ACN) Market—a blend of petrochemical giants, specialty chemical firms, and integrated manufacturers shaping the future of global polymers and fibers.

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🔟 1. INEOS

Headquarters: London, United Kingdom
Key Offering: Acrylonitrile monomer, ABS resins, and specialty polymers

INEOS stands as a global leader in the production of acrylonitrile, operating multiple facilities across Europe and Asia that supply high-purity ACN to downstream industries. The company’s advanced propylene-based processes ensure consistent quality for applications in automotive parts, consumer goods, and protective equipment. With a strong emphasis on operational efficiency, INEOS has optimized its plants to reduce energy consumption while meeting stringent environmental regulations, serving major clients in the plastics and rubber sectors worldwide.

Innovation Initiatives:

• Investment in next-generation catalysts for higher yield propylene ammoxidation

• Expansion of recycling programs for post-consumer ABS materials

• Commitment to carbon-neutral production targets by 2050 through renewable feedstocks

Download FREE Sample Report: Acrylonitrile (ACN) Market – View in Detailed Research Report

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9️⃣ 2. PetroChina Company Limited

Headquarters: Beijing, China
Key Offering: Acrylonitrile, acrylic fibers, and NBR elastomers

PetroChina, one of China’s largest integrated energy and chemical companies, plays a pivotal role in the Asian ACN market with its vast refining and petrochemical infrastructure. The firm produces millions of tons of ACN annually, primarily using the propylene method, and supplies it to domestic textile and automotive manufacturers. Its strategic locations near major ports facilitate efficient exports, supporting global supply chains for synthetic fibers and engineering plastics despite geopolitical challenges.

Innovation Initiatives:

• Development of bio-based propylene sources to lower production emissions

• Joint ventures for advanced ACN purification technologies

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8️⃣ 3. Asahi Kasei Corporation

Headquarters: Tokyo, Japan
Key Offering: High-purity acrylonitrile, SAN resins, and acrylamide

Asahi Kasei excels in the precision chemistry space, producing acrylonitrile tailored for high-performance applications like electronics casings and water treatment chemicals. With state-of-the-art plants in Japan and Southeast Asia, the company maintains over 95% reliance on the propylene method for cost-effective, scalable output. Its focus on quality control and R&D ensures products meet global standards for toxicity and reactivity, catering to diverse industries from apparel to oil recovery.

Innovation Initiatives:

• Research into propane-based methods for alternative feedstocks

• Enhancement of safety protocols in ACN handling and transport

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7️⃣ 4. SINOPEC (China Petroleum & Chemical Corporation)

Headquarters: Beijing, China
Key Offering: Acrylonitrile, ABS copolymers, and carbon fiber precursors

SINOPEC dominates the ACN landscape in China, which accounts for about 40% of global production, through its extensive network of petrochemical complexes. The company leverages integrated supply chains from crude oil to finished polymers, producing ACN primarily for ABS and SAN resins used in consumer electronics and automotive components. Despite market fluctuations, SINOPEC’s investments in capacity expansion position it as a key supplier amid rising demand from emerging economies.

Innovation Initiatives:

• Pilot projects for sustainable ACN derived from waste plastics

• Collaborations with international partners for cleaner ammoxidation processes

Download FREE Sample Report: Acrylonitrile (ACN) Market – View in Detailed Research Report

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6️⃣ 5. Ascend Performance Materials

Headquarters: Houston, Texas, USA
Key Offering: Acrylonitrile for polyamide resins, adiponitrile integration, and specialty chemicals

Ascend Performance Materials is a North American powerhouse in integrated chemical production, linking ACN output directly to nylon and engineering plastics manufacturing. Operating large-scale facilities in the US, the company produces ACN via propylene routes and emphasizes closed-loop systems to minimize waste. This approach not only boosts efficiency but also supports applications in durable goods, from sporting equipment to industrial coatings, while navigating raw material price volatility.

Innovation Initiatives:

• Advancements in ACN-butadiene co-polymerization for enhanced material properties

• Sustainability efforts including energy-efficient plant upgrades

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5️⃣ 6. Formosa Plastics Corporation

Headquarters: Kaohsiung, Taiwan
Key Offering: Acrylonitrile monomer, PVC-ACN compounds, and ABS plastics

Formosa Plastics Corporation contributes significantly to the Asia-Pacific ACN market, with production geared toward export-oriented industries like electronics and packaging. Its facilities employ cutting-edge distillation technologies to achieve high-purity ACN, essential for sensitive applications such as acrylic fibers and water-soluble polymers. The company’s strategic expansions help address regional demand, particularly in South Korea and Japan, where ACN shares are around 25% each.

Innovation Initiatives:

• Exploration of hybrid propylene-propane methods for feedstock diversification

• Investment in digital monitoring for real-time process optimization

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4️⃣ 7. Taekwang Industrial Co., Ltd.

Headquarters: Seoul, South Korea
Key Offering: Acrylonitrile for acrylic fibers, ABS, and synthetic rubbers

Taekwang Industrial is a key player in South Korea’s robust chemical sector, producing ACN that fuels the textile and automotive industries. With a focus on high-volume output using the dominant propylene method, the company supplies over 95% of its production to ABS and SAN segments. Its commitment to quality and reliability has made it a preferred partner for global brands seeking consistent monomer supplies amid supply chain disruptions.

Innovation Initiatives:

• R&D in bio-acrylonitrile from renewable sources

• Partnerships for developing low-toxicity ACN variants

Download FREE Sample Report: Acrylonitrile (ACN) Market – View in Detailed Research Report

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3️⃣ 8. Shanghai SECCO Petrochemical Company Limited

Headquarters: Shanghai, China
Key Offering: Acrylonitrile, styrene-acrylonitrile copolymers, and engineering plastics

Shanghai SECCO, a joint venture with international expertise, operates one of China’s most advanced ACN plants, contributing to the nation’s leading market share. Specializing in integrated production from propylene to finished resins, it serves the burgeoning demand in consumer goods and construction. The company’s emphasis on safety, given ACN’s hazardous nature, includes rigorous regulatory compliance and employee training programs to mitigate risks.

Innovation Initiatives:

• Implementation of AI-driven predictive maintenance in ACN synthesis

• Initiatives to reduce byproduct emissions in ammoxidation

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2️⃣ 9. Mitsubishi Chemical Holdings Corporation

Headquarters: Tokyo, Japan
Key Offering: Acrylonitrile for carbon fibers, ABS, and advanced composites

Mitsubishi Chemical Holdings leverages its vast R&D capabilities to produce high-grade ACN, particularly for carbon fiber precursors used in aerospace and automotive lightweighting. With facilities optimized for the propylene method, the company achieves over 95% market alignment in production techniques. Its global footprint ensures supply stability, supporting innovations in durable, high-strength materials that drive industry growth.

Innovation Initiatives:

• Development of ACN-based polymers for electric vehicle components

• Sustainable sourcing strategies to lower carbon footprint

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1️⃣ 10. Asahi Chemicals

Headquarters: Tokyo, Japan
Key Offering: Acrylonitrile monomer, acrylamide, and NBR rubbers

Asahi Chemicals rounds out the top tier with its specialized focus on ACN for industrial applications, including oilfield chemicals and synthetic textiles. Operating efficiently in Japan’s competitive market, the company produces ACN through reliable propylene processes and distributes to key regions like Europe and Asia-Pacific. Its expertise in handling reactive compounds ensures safe, high-volume deliveries to manufacturers worldwide.

Innovation Initiatives:

• Advancements in acrylamide production from ACN for water treatment

• Collaborative efforts on circular economy models for polymer recycling

Get Full Report Here: Acrylonitrile (ACN) Market – View in Detailed Research Report

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🌍 Outlook: The Future of Acrylonitrile (ACN) Is Sustainable and Innovative

The acrylonitrile market continues to evolve steadily, with traditional propylene-based production holding over 95% dominance while propane methods gain traction for potential cost advantages. Investments in sustainable practices are accelerating, as companies address environmental concerns and regulatory pressures related to ACN’s toxicity, paving the way for greener supply chains.

📈 Key Trends Shaping the Market:

• Growth in ABS and SAN applications driven by automotive electrification and consumer electronics in Asia-Pacific

• Expansion of acrylic fibers and NBR in textiles and seals, fueled by emerging economies

• Regulatory focus on safer handling and reduced emissions, influencing production technologies

• Strategic alliances for bio-based ACN to meet sustainability goals and mitigate raw material risks

Get Full Report Here: Acrylonitrile (ACN) Market – View in Detailed Research Report

The companies listed above are not only powering the global chemical industry—they’re leading the transition to smarter, more sustainable materials.