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Report
Global Styrene Acrylonitrile Copolymer Market Report and Forecast 2023-2028
Market Report I 2023-03-08 I 114 Pages I EMR Inc.
Global Styrene Acrylonitrile Copolymer Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global styrene acrylonitrile copolymer market reached a value of USD 2259 million in 2022. Aided by the growing use of styrene acrylonitrile in medical applications, the market is projected to grow at a CAGR of 6.4% between 2023 and 2028, reaching a value of USD 3226.46 million by 2028.
Styrene acrylonitrile resin is a type of plastic copolymer composed of styrene and acrylonitrile. The mechanical characteristics of styrene are improved by the presence of acrylonitrile, which also gives the plastic's regular composition a yellow colour. The chemical resistance, high rigidity, reasonable flow, improved resistance to heat, dimensional stability, and good processability of styrene-acrylonitrile resins are among their most advantageous properties. Styrene acrylonitrile copolymer (SAN), as a thermoplastic resin, is widely used in various applications, including packaging, electronics, and automotive industries.
The global styrene acrylonitrile copolymer market is driven by the increasing demand for lightweight and durable materials in various industries such as automotive, packaging, and electronics industries. The growing need for eco-friendly and sustainable packaging solutions is also expected to boost the market growth. Moreover, the rapid growth of the electronics industry, particularly in emerging economies, is expected to drive the demand for styrene acrylonitrile copolymer.
The global styrene acrylonitrile copolymer market is anticipated to benefit from the use of advanced materials and technology over the forecast period, as well as from capacity expansions by significant market participants. Along with the growing desire for rigid packaging in personal care items, the increased product demand in the cosmetics industry for usage in compact and lipstick cases is anticipated to further contribute to the market growth.
Geographically, Asia Pacific is anticipated to experience strong growth in the styrene acrylonitrile copolymer market. The region, led by China, maintains the largest market share for styrene acrylonitrile copolymer due to the rising urbanisation rate and GDP growth. The region's dominance can be attributed to the presence of numerous manufacturing units and strong investments in research and development. Furthermore, the region's growing population and rising disposable income have led to increased demand for consumer goods, including packaging, automotive, and electronics, boosting the global styrene acrylonitrile copolymer market.
Market Segmentation
The market can be divided based on application and region.
Market Breakup by Application
- Medical Sector
- Consumer Goods
- Cosmetics
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report provides a detailed analysis of the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers of the global styrene acrylonitrile copolymer companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Ineos Group Ltd
- LG Chem Ltd
- RTP Company
- Trinseo S.A.
- Chi Mei Corporation
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
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 (2018-2022)
8.3 Global Styrene Acrylonitrile Copolymer Market Forecast (2023-2028)
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 (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Consumer Goods
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Cosmetics
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Styrene Acrylonitrile Copolymer Market by Region
8.5.1 North America
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
9 North America Styrene Acrylonitrile Copolymer Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Styrene Acrylonitrile Copolymer Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Styrene Acrylonitrile Copolymer Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Styrene Acrylonitrile Copolymer Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Styrene Acrylonitrile Copolymer Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
17.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Ineos Group Ltd
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 LG Chem Ltd
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 RTP Company
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Trinseo S.A.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Chi Mei Corporation
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Others
19 Key Trends and Developments in the Market
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