Applications segment performance in the global acrylonitrile market

The global acrylonitrile market is expected to grow at a CAGR of 3.44% during the forecast period. Based on the application, the global acrylonitrile market has been segmented into acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN), acrylic fibers, polyacrylamide, nitrile butadiene rubber, and others.

ABS and SAN are used in various end-user industries such as household appliances, automotive construction, and electrical and electronics. Increasing demand for household appliances will boost the demand for ABS and SAN. In the automotive industry, ABS and SAN are preferred plastic material owing to its properties such as lightweight, high impact and strength resistance, and others. Increasing automobile production will drive the consumption of ABS and SAN.

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ABS and SAN are preferred in the form of plastics in electrical and electronics industries because of their advantages such as excellent electrical insulating properties and resistance to water, salts, and alkali. ABS and SAN are also used as specially designed plastics in electrical instruments such as DVD systems, personal computers, and TV sets. The increasing global electrical and electronics item production will drive the demand for ABS and SAN. Hence, the ABS and SAN segment is expected to be the largest segment in the global acrylonitrile market during the forecast period.