Asahi Kasei will build a plant in Taiwan to process Sunfort photoresist film for semiconductor package substrates, increasing local capacity by 40%. The expansion aims to meet surging AI chip demand, which will ease supply constraints and likely stabilize prices for the material.
PetroChina's Planning and Engineering Institute forecast a 4.9% decline in Chinese oil consumption for 2026, reversing the 3.6% growth seen in 2025. The bearish outlook signals weakening demand for the state producer's core product, implying downward pressure on crude prices and reduced sales volumes. The report also projects growth in gas and new materials demand.
Asia
The Asian 2-propenenitrile market in 2025 recorded a generally soft and mixed trend. Prices in the first half of the year recorded a decline. Demand from derivative industries was sluggish, and supply levels were up due to new plant startups. Feedstocks recorded some volatility in price movements, which did not have much of a positive impact. In the third quarter of 2025, the Asian 2-propenenitrile market recorded a positive trend. Prices started to increase due to some plant maintenance activities in the region. Moreover, there was some improvement in demand from derivative industries. However, the positive trend recorded in the Asian 2-propenenitrile market in the third quarter of 2025 was limited. In the fourth quarter of 2025, the Asian 2-propenenitrile market recorded a stable trend. Prices recorded some decline in the initial part of the quarter before rising in the later part of the quarter.
Europe
The 2-propenenitrile market in Europe recorded a stable and relatively weak trend throughout 2025. In the first half of the year, inventories were high, economic activity was low, and production in the downstream industries also weakened demand and prices. The supply of 2-propenenitrile remained stable throughout the period. The prices of energy and feedstock inputs were moderate and did not generate strong upward or downward momentum for the market. The third quarter saw a stable market for 2-propenenitrile. The prices remained stable due to consistent refinery operations. The fourth quarter of 2025 saw a weak start for the 2-propenenitrile market due to low demand and cautious purchases by buyers. The prices later showed a weak recovery and stabilized.
North America
The market for 2-propenenitrile in North America underwent moderate fluctuations during 2025. The market in the first half of 2025 underwent some volatility in terms of weather-related issues, tightness, and variations in export activities, which helped the market grow slightly. However, in the second half of the year, with an increase in supply, the market became stable, but the demand from downstream industries remained low. In the third quarter, the market showed signs of recovery because of balanced inventory levels and an increase in feedstock costs. The fourth quarter of 2025 showed initial signs of weakness in the market because of an increase in supply and demand, but towards the end of the year, the market became stable.
Analyst Insight
According to Procurement Resource, the market for 2-propenenitrile is expected to remain stable with limited growth, as balanced supply and cautious downstream demand are likely to keep price movements steady in the near term.
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North America
In North America, 2-propenenitrile prices showed volatility throughout 2024. The year began with an upward trend in Q1, driven by increased orders from rubber manufacturers and rising freight charges due to geopolitical tensions. Mid-year saw a reversal as prices fell in Q2 due to sluggish construction activity and reduced demand from adhesives sectors. Q3 brought fluctuating prices before ultimately declining as Hurricane Helene disrupted supply chains.
The year concluded with a modest price decrease in Q4, influenced by stable production but weakened demand, though automotive applications provided some support.
Asia Pacific
The Asia Pacific 2-propenenitrile market displayed mixed performance in 2024. Q1 witnessed initial price declines due to low offtakes from rubber producers, followed by increases driven by tight propylene availability. The market stabilized in Q2, supported by balanced demand-supply dynamics and steady automotive consumption. Q3 brought a bearish trend as prices declined due to oversupply and weak downstream demand, worsened by seasonal factors limiting construction activities. The year ended with stability in Q4 as balanced dynamics offset regional variations, despite Typhoon Kong-Rey causing some supply disruptions.
Europe
European 2-propenenitrile prices experienced significant swings in 2024. Q1 began weakly before turning upward due to elevated energy costs and increased automotive demand. Q2 saw substantial increases driven by limited feedstock availability, rising natural gas costs, and logistical challenges. However, the market reversed in Q3, with prices declining due to sluggish demand and inventory buildup. This downward trend intensified in Q4, resulting in a significant price decrease as economic uncertainties, inflation, and political instability further weakened demand across key sectors.
2-Propenenitrile is a colourless volatile liquid with a pungent odour. It does not occur naturally and is harmful to aquatic life. It constitutes an essential class of monomer required to produce highly versatile polymers like polyacrylonitrile, styrene-acrylonitrile (SAN), and acrylonitrile butadiene styrene (ABS) etc.
C3H3N
Plastics, Textiles, Rubber, Pesticides
Acrylonitrile, Cyanoethene, Vinyl cyanide , Cyanoethylene, Vinyl nitrile, Propenenitrile
INEOS, Sinopec Group, Sumitomo Chemicals, Asahi Kasei
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In this process, propylene, ammonia and air are passed through a fluidized bed reactor, and the products are then dumped into aqueous sulfuric acid. The desired product is separated from the by-products in the recovery column via distillation.
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