Reports
Global Styrene Acrylonitrile Copolymer Market: Regional Analysis; Key Segmentation and Scope; Industry Opportunities and Challenges; Market Analysis; Market Dynamics: SWOT Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Manufacturing Process; Price Analysis; Trade Data Analysis; Industry Events and Developments; Competitive Landscape, 2024-2032
Styrene Acrylonitrile Copolymer Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices
The global Styrene Acrylonitrile Copolymer market reached a value of about USD 2.22 billion in 2021. The industry is projected to grow at a CAGR of around 3.8% in the forecast period of 2022-2027 to reach a value of about USD 3.12 billion by 2027.
The global Styrene Acrylonitrile Copolymer industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The application of the product in various end-user consumer goods is propelling the industry's expansion. The Asia Pacific is the highest category spender by region, driving the demand for the Styrene Acrylonitrile Copolymer industry.
Industry Definition and Segmentation
A plastic copolymer composed of styrene and acrylonitrile is called styrene-acrylonitrile resin (SAN). It is a suitable alternative to polystyrene due to its higher heat resistance. The strings are composed of 20 to 30 percent acrylonitrile and 70 to 80 percent styrene. The Styrene Acrylonitrile Copolymer industry report comprises segments by Application (Medical Sector, Consumer Goods, Cosmetics, Others) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
The Asia Pacific Regions are Driving the Growth of the Industry
Asia Pacific holds the largest share in the industry led by China due to the growing urbanisation rate and GDP development. Critical factors, including better economic circumstances, rising disposable income, and the expansion of the consumer goods and electronics industries in the area of the market, are likely to witness growth.
The industry is being propelled by applying the product in the consumer goods segment. The strong demand for styrene acrylonitrile resins in producing commodities like toothbrush handles, hangers, food containers, laptops, TVs, and mobile devices, among others, is boosting the industry demand. Furthermore, the growing demand for electrical and electronic appliances worldwide further bolstered sales in the sector. As a result, the growth of end-use sectors, including cosmetics, the medical field, plastics, and packaging, is assisting the market for styrene-acrylonitrile copolymers.
Best Procurement Practices
The global Styrene Acrylonitrile Copolymer industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Styrene Acrylonitrile Copolymer regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Category Management Studies
Styrene-acrylonitrile copolymer (SAN) comprises around 70 percent acrylonitrile and 30 percent styrene units. The two chemicals are combined in bulk liquid form or an emulsion or suspension based on water, and polymerisation occurs with the help of free-radical initiators. The final plastic material is more heat and solvent resistant than polystyrene alone. Styrene and acrylonitrile are frequently copolymerise with butadiene rubber admixtures to create ABS, or acrylonitrile-butadiene-styrene copolymer, a more impact-resistant material since the impact resistance of the copolymer is unsatisfactory for many technical purposes.
Application of the Commodity in the Medical Sector, Further Boosting the Procurement of Styrene Acrylonitrile Copolymer
The industry is aided by the expanding use of styrene-acrylonitrile in medical applications such as dental equipment, autoclavable devices, and medical light diffusers. In addition, it is anticipated that the medical sector's expansion will substantially impact the industry's growth. The product is also widely utilised in producing plastics used in industry and offices because of its strength, dimensional stability, and acid and alkali resistance, furthering the market growth. Also, factors such as the growing desire for rigid packaging in personal care items and the increased product demand in the cosmetics sector for usage in compact and lipstick cases are likely to propel the industry's growth.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Key Industry Players Mentioned in the Styrene Acrylonitrile Copolymer Industry Report.
- Ineos Group Ltd
- LG Chem Ltd
- RTP Company
- Trinseo S.A.
- Chi Mei Corporation
Market Landscape
The use of cutting-edge materials and technology and capacity expansion by essential market participants.
Key Initiatives by Companies
- INEOS Styrolution APC Pte Ltd (Promoter), which has a 75% ownership position in the Indian firm, sought to sell 14.40% of its entire paid-up equity capital in April 2022, with the option to sell an additional 9.60% through an Offer for Sale (OFS). According to the OFS, on April 19, 2022, the Promoters sold only 13.81 percent of the shares.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Styrene Acrylonitrile Copolymer Market Analysis
8.1 Key Industry Highlights
8.2 Global Styrene Acrylonitrile Copolymer Historical Market (2017-2021)
8.3 Global Styrene Acrylonitrile Copolymer Market Forecast (2022-2027)
8.4 Global Styrene Acrylonitrile Copolymer Market by Application
8.4.1 Medical Sector
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Consumer Goods
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Cosmetics
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Others
8.5 Global Styrene Acrylonitrile Copolymer Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Price Analysis
13.1 North America Historical Price trends (2017-2021) and Forecast (2022-2027)
13.2 Europe Historical Price trends (2017-2021) and Forecast (2022-2027)
13.3 Asia Pacific Historical Price trends (2017-2021) and Forecast (2022-2027)
13.4 Latin America Historical Price trends (2017-2021) and Forecast (2022-2027)
13.5 Middle East and Africa Historical Price trends (2017-2021) and Forecast (2022-2027)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Ineos Group Ltd
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 LG Chem Ltd
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 RTP Company
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Trinseo S.A.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Chi Mei Corporation
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
The global Styrene Acrylonitrile Copolymer market size was valued at USD 2.22 billion in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 3.8%.
The significant demand for the product in the medical sector is one of the essential drivers of the Styrene Acrylonitrile Copolymer market growth.
Ineos Group Ltd, LG Chem Ltd, RTP Company, Trinseo S.A., Chi Mei Corporation, and others are some of the major players in the market.
The Asia Pacific region of the Styrene Acrylonitrile Copolymer industry holds a significant share in the market.
The global Styrene Acrylonitrile Copolymer market attained a value of USD 2.22 billion in 2021, driven by the application of the product in the consumer goods segment. As a result, the growth of end-use sectors, including cosmetics, the medical field, plastics, and packaging, is assisting the market for styrene-acrylonitrile copolymers. Aided by the growing usage of styrene-acrylonitrile in medical applications such as dental equipment, autoclavable devices, and medical light diffusers and the production of plastics used in industry, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 3.8%. The market is projected to reach USD 3.12 billion by 2027. Some of the leading players in the industry are Ineos Group Ltd, LG Chem Ltd, RTP Company, Trinseo S.A., Chi Mei Corporation, and Others.
Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.
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