Asahi Kasei Corp., Ascend Performance Materials Operations LLC and Cornerstone Chemical Co. Will Emerge as Major Acrylonitrile Market Participants During 2020-2024
Shape strategic responses through the phases of industry recovery
LONDON–(BUSINESS WIRE)–#AcrylonitrileMarket–The acrylonitrile market is expected to grow by 1096.62 thousand tons during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the acrylonitrile market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through Response, Recovery and Renew phases. Download a Free Sample Report on COVID-19
The acrylonitrile market will witness Neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to Increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choicesfor individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Acrylonitrile Market Participants:
Asahi Kasei Corp.
Asahi Kasei Corp. operates its business under various segments such as critical care, health care, construction materials, fibers, homes, electronics, chemicals, and others. The company manufactures acrylonitrile by using propane obtained from natural gas.
Ascend Performance Materials Operations LLC
Ascend Performance Materials Operations LLC operates its business under five segments, which include intermediate chemicals, specialty chemicals, PA66 resins, PA66 fibers, and PA66 compounds. The company manufactures acrylonitrile by using propane obtained from natural gas.
Cornerstone Chemical Co.
Cornerstone Chemical Co. operates its business under various segments such as acrylonitrile, melamine, sulfuric acid, and Urea. The company manufactures acrylonitrile by using propane obtained from natural gas.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/acrylonitrile-market-industry-analysis
Acrylonitrile Market 2020-2024: Segmentation
Acrylonitrile market is segmented as below:
- ABS And SAN
- Acrylic Fibers
- Nitrile Butadiene Rubber
- North America
- South America
The acrylonitrile market is driven by rising demand from the automotive industry. In addition, other factors such as increasing carbon fiber production is expected to trigger the acrylonitrile market toward witnessing a CAGR of almost 4% during the forecast period.
Get more insights about the global trends impacting the future of acrylonitrile market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43823
- Vendors covered
- Vendor classification
- Market positioning of vendors
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.