Global Methacrylonitrile Market Summary
Methacrylonitrile, MeAN in short, is a chemical compound that is an unsaturated aliphatic nitrile, widely used in the preparation of homopolymers, copolymers, elastomers, and plastics and as a chemical intermediate in the preparation of acids, amides, amines, esters, and other nitriles.
According to the new market research report “Methacrylonitrile - Global Market Insights and Sales Trends 2024”, published by QYResearch, the global Methacrylonitrile market size was estimated at US$ 144.8 million in the year 2022, is projected to reach a revised size of US$ 208.2 million by 2029, growing at a CAGR of 6.1% during the forecast period 2023-2029.
- Global Methacrylonitrile Market Size (US$ Million), 2018, 2022 and 2029
Source: QYResearch, "Methacrylonitrile - Global Market Insights and Sales Trends 2024”
Market Drivers: Methacrylonitrile market development has been greatly accelerated due to the demand for environmental related applications.
- Global Methacrylonitrile, Global Market Size, The Top Three Players Hold 96.3% of Overall Market
Source: QYResearch, "Methacrylonitrile - Global Market Insights and Sales Trends 2024”
At present, there are only a few manufacturers for the commercial market, the major players of Methacrylonitrile in the world include: Asahi Kasei, Hunan Daochen Technology Co., Ltd., Hunan Huateng Pharmaceutical Co., Ltd. and Qingdao Sichen Bio Co., Ltd., among which Asahi Kasei is the world’s largest Methacrylonitrile manufacturer, its market share is about 90.9% in 2022.
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