Demand for acrylonitrile is expected to increase by 6.3% in Asia this year

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As the demand for downstream ABS resin resumes growth, demand for the main downstream derivative acrylics market is stable, and demand for other downstream derivatives such as acrylamide and adiponitrile will also continue to grow. Industry agencies forecast global acrylonitrile demand to hit a new record of 5.37 million tons this year. The demand peaked in 2005 was 5.23 million tons before the global financial crisis.

It is forecasted that the drop in acrylonitrile needed for acrylic fiber production this year will be 1.8% higher than in 2011, reaching 1.67 million tons; the acrylonitrile needed for ABS resin production will increase by 4.6% to 1.763 million tons; Acrylonitrile production for adiponitrile production will be Increase by 17.1% to reach 428,000 tons; acrylonitrile required by acrylamide will increase by 10.2% to 659,000 tons; demand for acrylonitrile produced by nitrile rubber (NBR) and nitrile latex will increase by 10.3% to 360,000 tons .

Demand for acrylonitrile in Asia is expected to grow by 6.3% this year, reaching a new record high of 3.372 million tons. Among them, the demand for acrylic fiber production will increase by 3% over the previous year to 1.108 million tons; the demand for ABS resin production will increase by 6.4% to 1.411 million tons; the demand for acrylamide production will increase by 9% to 413,000 tons.

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