In Delaware, Transparency Market Research reported that the global bio-based acrylonitrile market is forecast to reach $381.9 million by 2034, up from $ 162.2 million in 2023.
The report also stated that the market is likely to grow at a 8.1% CAGR from 2024 to 2034.
“Top companies in the global bio-based acrylonitrile market are making large investments in the development of advanced bio-based feedstock and expanded production facilities in order to meet the increasing demand from profitable industries like electronics, automotive, and packaging. The top companies in the industry use outsourcing, mergers and acquisitions, and regional development as essential tactics to hold onto their dominant market position in a changing and fragmented environment,” the report stated.
“The bio-based acrylonitrile market is expected to develop rapidly in North America between 2024 and 2034, according to the most recent prediction. The presence of a well-established industrial infrastructure and strong backing from government institutes for the development of eco-friendly materials are driving forward market statistics in the region,” the report added.
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Tags: bio-based acrylonitrile
Category: Fuels
