08 October 2012 17:02 [Source: ICIS news]
BUDAPEST (ICIS)--A global acrylonitrile (ACN) producer is predicting that in 5-10 years, acrylamide could overtake acrylic fibres as the dominant downstream market for worldwide ACN.
“Fibre is becoming less and less year on year. ACN will not be as big [as the acrylic fibre market] in the near future, but maybe in the next 5-10 years,” an ACN producer said on the sidelines of the 46th annual European Petrochemical Association (EPCA) meeting in Budapest, Hungary.
Speaking specifically on Europe, the producer pointed to significant consolidation in the fibre market in the past few years.
“Acrylic fibre is not a major [European] market anymore. All the rest is export ... [the] acrylic [fibres market] has rationalised recently, and there’s only a few producers left,” the producer said.
The producer added that domestically, acrylonitrile-butadiene-styrene (ABS) is now the dominant downstream market in Europe.
Although the producer predicted that acrylamide demand could overtake the global dominance of acrylic fibres for ACN consumption, it added that the rate of growth would depend on several factors linked to the expansion of shale gas production.
“The big growth in acrylamide is because of shale gas. It depends on oil and gas prices, and the economics of end-use markets in the US and Asia,” the producer said.
The annual EPCA meeting runs from 6-10 October.
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