Global Bio Based Acrylonitrile Market 2024-2030

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    BIO BASED ACRYLONITRILE MARKET

     

    INTRODUCTION

     The main starting material for the manufacture of carbon fiber is acrylonitrile, a chemical intermediate that is commonly produced from feedstocks derived from petroleum, such as propylene.

     

    The method produces acrylonitrile with a smaller carbon footprint using feedstocks from plants, such as glycerol. Only water and alcohol are created as a result of the bio-based process.

     

    Contrary to the currently employed petroleum-based approach, the bio-based method for producing acrylonitrile has numerous benefits.

     

    BIO BASED ACRYLONITRILE MARKET SIZE AND FORECAST

     

    infographic: Bio Based Acrylonitrile Market, Bio Based Acrylonitrile Market Size, Bio Based Acrylonitrile Market Trends, Bio Based Acrylonitrile Market Forecast, Bio Based Acrylonitrile Market Risks, Bio Based Acrylonitrile Market Report, Bio Based Acrylonitrile Market Share

     

    The Global bio based acrylonitrile market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    BIO BASED ACRYLONITRILE MARKET RECENT DEVELOPMENT

    NREL developed a new process to make Renewable Acrylonitrile. A search for alternative methods employing bio-derived feedstocks like glycerol and glutamic acid has been spurred by the volatility of the price of propylene and environmental sustainability.

     

    However, none have been able to match the cost and output of the conventional technique. Recent NREL research is promising in reaching this objective.

     

    An affordable, bio-based acrylonitrile production technique is demonstrated in “Renewable Acrylonitrile Production.”

     

    Using a brand-new, reliable catalytic technique, researchers were able to produce acrylonitrile with a 98% yield. 

     

    This is a significant discovery just based on yields: the conventional acrylonitrile production method, which has undergone six decades of commercial-scale development, only manages yields of 80%–83%.As a result of the high acrylonitrile yield, they are able to suggest a feasible commercial method for turning lignocellulosic biomass into regenerative acrylonitrile and carbon fibers.

     

    Due to connections to the price of propylene, acrylonitrile prices have historically been unstable. This alternative manufacturing method, which uses feedstocks from renewable sources, can help keep acrylonitrile prices stable and encourage a larger market for products made of carbon fiber.

     

     This is a substantial advance in light weighting transportation applications, resulting in significant cost savings for transportation and lowering our environmental impact.

     

    The novel method uses a simpler and less expensive catalyst and could be carried out in a smaller reactor configuration.

     

    It also completely eliminates the generation of hydrogen cyanide, a dangerous byproduct. They are enthusiastic about the potential for this novel chemistry to produce acrylonitrile, which will ultimately make it possible to produce carbon fibers from renewable sources.

     

    BIO BASED ACRYLONITRILE MARKET COMPANY PROFILE

     

    THIS BIO BASED ACRYLONITRILE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many biobased acrylonitrile’s are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global biobased acrylonitrile and key vendor selection criteria
    3. Where is the biobased acrylonitrile manufactured? What is the average margin per unit?
    4. Market share of Global bio based acrylonitrile market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global biobased acrylonitrile in-house
    6. key predictions for next 5 years in Global bio based acrylonitrile market
    7. Average B-2-B biobased acrylonitrile market price in all segments
    8. Latest trends in biobased acrylonitrile market, by every market segment
    9. The market size (both volume and value) of the biobased acrylonitrile market in 2024-2030 and every year in between?
    10. Production breakup of biobased acrylonitrile market, by suppliers and their OEM relationship

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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