Styrene Acrylonitrile Resins Market is expected to grow at a CAGR of 2.6% during the forecast period and is expected to reach US$ 3.39 Bn by 2030.Styrene-Acrylonitrile Resins Market Dynamics:
Styrene acrylonitrile resin is a copolymer plastic consisting of styrene and acrylonitrile. It is also known as SAN. It is widely used in place of polystyrene owing to its greater thermal resistance. The chains of the polymer show alternating repeat units of styrene and acrylonitrile, and it is a copolymer. Increasing use of acrylic styrene acrylonitrile resin in the construction industry is mainly driving the growth of the global styrene-acrylonitrile resins market. Rising investment in infrastructure development especially in commercial and housing sector in developing countries such as China, India and Japan that in turn is expected to propel the growth of acrylic styrene acrylonitrile resin market over forecast period. However, factors such as an availability of substitute polymers and high cost of Acrylic styrene acrylonitrile resin are restraining the market growth over forecast period.To know about the Research Methodology :- Request Free Sample Report Global Styrene-Acrylonitrile Resins Market is segmented by end users and by Region. By end users medical end user segment is expected to hold highest market share over forecast period. Medical end user segment held 34.76% of market share in 2023 and is expected to keep its dominance over forecast period. Styrene acrylonitrile resins are widely used in medical applications such as autoclavable devices, dental and medical light diffusers. The Styrene-Acrylonitrile Resins are used due to their strength, dimensional stability and high resistance to alkali and acids. Medical end user segment is followed by consumer sector and construction sector. Consumer sector is expected to hold 29.43% of market share over forecast period. Increasing usage of styrene-acrylonitrile resins in various consumer products such as lamps, calculators, printers, writing and drawing equipment, cylindrical impellers for air-conditioners is driving the growth of this segment over forecast period. By geography, APAC held 38.76% of market share in 2023 and is expected to keep its dominance over forecast period. China, Japan, India and South Korea are major countries contributing in the regional market growth owing to rise in consumer products market growth. Increasing demand from china for styrene-acrylonitrile (SAN) resins as a raw material for automotive component is expected to create lucrative opportunities for market over forecast period. APAC is followed by North America and Europe. The North America held 31.34% of market share over forecast period. Growth in the building and construction and automotive end user segment is fuelling the acrylic styrene acrylonitrile resin market in North America. Report covers in depth analysis of key development, and company profiles of market leaders, potential players and new entrants. Some of the key players covered in this report are Samsung Cheil Industries, INEOS, Chi Mei Corporation, Ningbo LG Yongxing Chemical, China National Petroleum, Styrolution, among others. These players are adopting various Greenfield and brown filed growth strategies such as merger and acquisition, expansion, joint ventures, collaboration and strategic alliances to increase their regional presence and business opeartions. Styrolution has inaugurated a new styrene acrylonitrile unit in Gujarat to meet the growing demand for styrene acrylonitrile resins across key growth industries in India. The objective of the report is to present a comprehensive analysis of the Global Styrene-Acrylonitrile Resins Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Styrene-Acrylonitrile Resins Market dynamics, structure by analyzing the market segments and project the Global Styrene-Acrylonitrile Resins Market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Styrene-Acrylonitrile Resins Market make the report investor’s guide.
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Global Styrene-Acrylonitrile Resins Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 2.83 Bn. Forecast Period 2024 to 2030 CAGR: 2.6% Market Size in 2030: US $ 3.39 Bn. Segments Covered: by End User Cosmetics sector Medical sector Consumer sector Automotive Construction Styrene-Acrylonitrile Resins Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Styrene-Acrylonitrile Resins Market Key players are:
1. Samsung Cheil Industries 2. INEOS 3. Chi Mei Corporation 4. Ningbo LG Yongxing Chemical 5. China National Petroleum 6. Styrolution 7. Sabic Innovative Plastics 8. Formosa Plastics Group 9. Toray Industries 10. Tianjin Dagu Chemicals 11. PetroChina 12. Styron 13. Techno Polymer 14. RTP Company 15. Trinseo S.A. 16. LG Chem Ltd Frequently Asked Questions: 1. Which region has the largest share in Global Styrene-Acrylonitrile Resins Market? Ans: China region held the highest share in 2023. 2. What is the growth rate of Global Styrene-Acrylonitrile Resins Market? Ans: The Global Styrene-Acrylonitrile Resins Market is growing at a CAGR of 2.6% during forecasting period 2024-2030. 3. What is scope of the Global Styrene-Acrylonitrile Resins market report? Ans: Global Styrene-Acrylonitrile Resins Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Styrene-Acrylonitrile Resins market? Ans: The important key players in the Global Styrene-Acrylonitrile Resins Market are – Samsung Cheil Industries, INEOS, Chi Mei Corporation, Ningbo LG Yongxing Chemical, China National Petroleum, Styrolution, Sabic Innovative Plastics, Formosa Plastics Group, Toray Industries, Tianjin Dagu Chemicals, PetroChina, Styron, Techno Polymer, RTP Company, Trinseo S.A., LG Chem Ltd, Toyo Engineering Corporation, Techno-UMG Co., Ltd., and Asahi Kasei Corporation. 5. What is the study period of this market? Ans: The Global Styrene-Acrylonitrile Resins Market is studied from 2023 to 2030.
Styrene-Acrylonitrile Resins Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Styrene-Acrylonitrile Resins Market, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Styrene-Acrylonitrile Resins Market Analysis and Forecast 6.1. Global Styrene-Acrylonitrile Resins Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Styrene-Acrylonitrile Resins Market Analysis and Forecast, by End User 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Styrene-Acrylonitrile Resins Market Value Share Analysis, by End User 7.4. Global Styrene-Acrylonitrile Resins Market Size (US$ Bn) Forecast, by End User 7.5. Global Styrene-Acrylonitrile Resins Market Analysis, by End User 7.6. Global Styrene-Acrylonitrile Resins Market Attractiveness Analysis, by End User 8. Global Styrene-Acrylonitrile Resins Market Analysis, by Region 8.1. Global Styrene-Acrylonitrile Resins Market Value Share Analysis, by Region 8.2. Global Styrene-Acrylonitrile Resins Market Size (US$ Bn) Forecast, by Region 8.3. Global Styrene-Acrylonitrile Resins Market Attractiveness Analysis, by Region 9. North America Styrene-Acrylonitrile Resins Market Analysis 9.1. Key Findings 9.2. North America Styrene-Acrylonitrile Resins Market Overview 9.3. North America Styrene-Acrylonitrile Resins Market Value Share Analysis, by End User 9.4. North America Styrene-Acrylonitrile Resins Market Forecast, by End User 9.4.1. Cosmetics sector 9.4.2. Medical sector 9.4.3. Consumer sector 9.4.4. Automotive 9.4.5. Construction 9.5. North America Styrene-Acrylonitrile Resins Market Value Share Analysis, by Country 9.6. North America Styrene-Acrylonitrile Resins Market Forecast, by Country 9.6.1. U.S. 9.6.2. Canada 9.7. North America Styrene-Acrylonitrile Resins Market Analysis, by Country 9.8. U.S. Styrene-Acrylonitrile Resins Market Forecast, by End User 9.8.1. Cosmetics sector 9.8.2. Medical sector 9.8.3. Consumer sector 9.8.4. Automotive 9.8.5. Construction 9.9. Canada Styrene-Acrylonitrile Resins Market Forecast, by End User 9.9.1. Cosmetics sector 9.9.2. Medical sector 9.9.3. Consumer sector 9.9.4. Automotive 9.9.5. Construction 9.10. North America Styrene-Acrylonitrile Resins Market Attractiveness Analysis 9.10.1. By End User 9.11. PEST Analysis 9.12. Key Trends 9.13. Key Development 10. Europe Styrene-Acrylonitrile Resins Market Analysis 10.1. Key Findings 10.2. Europe Styrene-Acrylonitrile Resins Market Overview 10.3. Europe Styrene-Acrylonitrile Resins Market Value Share Analysis, by End User 10.4. Europe Styrene-Acrylonitrile Resins Market Forecast, by End User 10.4.1. Cosmetics sector 10.4.2. Medical sector 10.4.3. Consumer sector 10.4.4. Automotive 10.4.5. Construction 10.5. Europe Styrene-Acrylonitrile Resins Market Value Share Analysis, by Country 10.6. Europe Styrene-Acrylonitrile Resins Market Forecast, by Country 10.6.1. Germany 10.6.2. U.K. 10.6.3. France 10.6.4. Italy 10.6.5. Spain 10.6.6. Rest of Europe 10.7. Europe Styrene-Acrylonitrile Resins Market Analysis, by Country 10.8. Germany Styrene-Acrylonitrile Resins Market Forecast, by End User 10.8.1. Cosmetics sector 10.8.2. Medical sector 10.8.3. Consumer sector 10.8.4. Automotive 10.8.5. Construction 10.9. U.K. Styrene-Acrylonitrile Resins Market Forecast, by End User 10.9.1. Cosmetics sector 10.9.2. Medical sector 10.9.3. Consumer sector 10.9.4. Automotive 10.9.5. Construction 10.10. France Styrene-Acrylonitrile Resins Market Forecast, by End User 10.10.1. Cosmetics sector 10.10.2. Medical sector 10.10.3. Consumer sector 10.10.4. Automotive 10.10.5. Construction 10.11. Italy Styrene-Acrylonitrile Resins Market Forecast, by End User 10.11.1. Cosmetics sector 10.11.2. Medical sector 10.11.3. Consumer sector 10.11.4. Automotive 10.11.5. Construction 10.12. Spain Styrene-Acrylonitrile Resins Market Forecast, by End User 10.12.1. Cosmetics sector 10.12.2. Medical sector 10.12.3. Consumer sector 10.12.4. Automotive 10.12.5. Construction 10.13. Rest of Europe Styrene-Acrylonitrile Resins Market Forecast, by End User 10.13.1. Cosmetics sector 10.13.2. Medical sector 10.13.3. Consumer sector 10.13.4. Automotive 10.13.5. Construction 10.14. Europe Styrene-Acrylonitrile Resins Market Attractiveness Analysis 10.14.1. By End User 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Development 11. Asia Pacific Styrene-Acrylonitrile Resins Market Analysis 11.1. Key Findings 11.2. Asia Pacific Styrene-Acrylonitrile Resins Market Overview 11.3. Asia Pacific Styrene-Acrylonitrile Resins Market Value Share Analysis, by End User 11.4. Asia Pacific Styrene-Acrylonitrile Resins Market Forecast, by End User 11.4.1. Cosmetics sector 11.4.2. Medical sector 11.4.3. Consumer sector 11.4.4. Automotive 11.4.5. Construction 11.5. Asia Pacific Styrene-Acrylonitrile Resins Market Value Share Analysis, by Country 11.6. Asia Pacific Styrene-Acrylonitrile Resins Market Forecast, by Country 11.6.1. China 11.6.2. India 11.6.3. Japan 11.6.4. ASEAN 11.6.5. Rest of Asia Pacific 11.7. Asia Pacific Styrene-Acrylonitrile Resins Market Analysis, by Country 11.8. China Styrene-Acrylonitrile Resins Market Forecast, by End User 11.8.1. Cosmetics sector 11.8.2. Medical sector 11.8.3. Consumer sector 11.8.4. Automotive 11.8.5. Construction 11.9. India Styrene-Acrylonitrile Resins Market Forecast, by End User 11.9.1. Cosmetics sector 11.9.2. Medical sector 11.9.3. Consumer sector 11.9.4. Automotive 11.9.5. Construction 11.10. Japan Styrene-Acrylonitrile Resins Market Forecast, by End User 11.10.1. Cosmetics sector 11.10.2. Medical sector 11.10.3. Consumer sector 11.10.4. Automotive 11.10.5. Construction 11.11. ASEAN Styrene-Acrylonitrile Resins Market Forecast, by End User 11.11.1. Cosmetics sector 11.11.2. Medical sector 11.11.3. Consumer sector 11.11.4. Automotive 11.11.5. Construction 11.12. Rest of Asia Pacific Styrene-Acrylonitrile Resins Market Forecast, by End User 11.12.1. Cosmetics sector 11.12.2. Medical sector 11.12.3. Consumer sector 11.12.4. Automotive 11.12.5. Construction 11.13. Asia Pacific Styrene-Acrylonitrile Resins Market Attractiveness Analysis 11.13.1. By End User 11.14. PEST Analysis 11.15. Key Trends 11.16. Key Development 12. Middle East & Africa Styrene-Acrylonitrile Resins Market Analysis 12.1. Key Findings 12.2. Middle East & Africa Styrene-Acrylonitrile Resins Market Overview 12.3. Middle East & Africa Styrene-Acrylonitrile Resins Market Value Share Analysis, by End User 12.4. Middle East & Africa Styrene-Acrylonitrile Resins Market Forecast, by End User 12.4.1. Cosmetics sector 12.4.2. Medical sector 12.4.3. Consumer sector 12.4.4. Automotive 12.4.5. Construction 12.5. Middle East & Africa Styrene-Acrylonitrile Resins Market Value Share Analysis, by Country 12.6. Middle East & Africa Styrene-Acrylonitrile Resins Market Forecast, by Country 12.6.1. GCC 12.6.2. South Africa 12.6.3. Rest of Middle East & Africa 12.7. Middle East & Africa Styrene-Acrylonitrile Resins Market Analysis, by Country 12.8. GCC Styrene-Acrylonitrile Resins Market Forecast, by End User 12.8.1. Cosmetics sector 12.8.2. Medical sector 12.8.3. Consumer sector 12.8.4. Automotive 12.8.5. Construction 12.9. South Africa Styrene-Acrylonitrile Resins Market Forecast, by End User 12.9.1. Cosmetics sector 12.9.2. Medical sector 12.9.3. Consumer sector 12.9.4. Automotive 12.9.5. Construction 12.10. Rest of Middle East & Africa Styrene-Acrylonitrile Resins Market Forecast, by End User 12.10.1. Cosmetics sector 12.10.2. Medical sector 12.10.3. Consumer sector 12.10.4. Automotive 12.10.5. Construction 12.11. Middle East & Africa Styrene-Acrylonitrile Resins Market Attractiveness Analysis 12.11.1. By End User 12.12. PEST Analysis 12.13. Key Trends 12.14. Key Development 13. South America Styrene-Acrylonitrile Resins Market Analysis 13.1. Key Findings 13.2. South America Styrene-Acrylonitrile Resins Market Overview 13.3. South America Styrene-Acrylonitrile Resins Market Value Share Analysis, by End User 13.4. South America Styrene-Acrylonitrile Resins Market Forecast, by End User 13.4.1. Cosmetics sector 13.4.2. Medical sector 13.4.3. Consumer sector 13.4.4. Automotive 13.4.5. Construction 13.5. South America Styrene-Acrylonitrile Resins Market Value Share Analysis, by Country 13.6. South America Styrene-Acrylonitrile Resins Market Forecast, by Country 13.6.1. Brazil 13.6.2. Mexico 13.6.3. Rest of South America 13.7. South America Styrene-Acrylonitrile Resins Market Analysis, by Country 13.8. Brazil Styrene-Acrylonitrile Resins Market Forecast, by End User 13.8.1. Cosmetics sector 13.8.2. Medical sector 13.8.3. Consumer sector 13.8.4. Automotive 13.8.5. Construction 13.9. Mexico Styrene-Acrylonitrile Resins Market Forecast, by End User 13.9.1. Cosmetics sector 13.9.2. Medical sector 13.9.3. Consumer sector 13.9.4. Automotive 13.9.5. Construction 13.10. Rest of South America Styrene-Acrylonitrile Resins Market Forecast, by End User 13.10.1. Cosmetics sector 13.10.2. Medical sector 13.10.3. Consumer sector 13.10.4. Automotive 13.10.5. Construction 13.11. South America Styrene-Acrylonitrile Resins Market Attractiveness Analysis 13.11.1. By End User 13.12. PEST Analysis 13.13. Key Trends 13.14. Key Development 14. Company Profiles 14.1. Market Share Analysis, by Company 14.2. Competition Matrix 14.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 14.2.2. New Product Launches and Product Enhancements 14.2.3. Market Consolidation 14.2.3.1. M&A by Regions, Investment and Applications 14.2.3.2. M&A Key Players, Forward Integration and Backward Integration 14.3. Company Profiles: Key Players 14.3.1. Samsung Cheil Industries 14.3.1.1. Company Overview 14.3.1.2. Financial Overview 14.3.1.3. Product Portfolio 14.3.1.4. Business Strategy 14.3.1.5. Recent Developments 14.3.1.6. Company Footprint 14.3.2. INEOS 14.3.3. Chi Mei Corporation 14.3.4. Ningbo LG Yongxing Chemical 14.3.5. China National Petroleum 14.3.6. Styrolution 14.3.7. Sabic Innovative Plastics 14.3.8. Formosa Plastics Group 14.3.9. Toray Industries 14.3.10. Tianjin Dagu Chemicals 14.3.11. PetroChina 14.3.12. Styron 14.3.13. Techno Polymer 14.3.14. RTP Company 14.3.15. Trinseo S.A. 14.3.16. LG Chem Ltd 14.3.17. Toyo Engineering Corporation 14.3.18. Techno-UMG Co., Ltd. 14.3.19. Asahi Kasei Corporation