Acrylic styrene acrylonitrile resin Market Set to Witness an Uptick Size USD 1,432.74 Million to 2032
Acrylic styrene acrylonitrile resin is an amorphous thermoplastic polymer. Acrylic styrene acrylonitrile resin has good weather resistance, high strength, high temperature and high UV resistance owing to which it is prevalently used in automotive, construction, electronic & electrical and packaging, among other industry. Generally, Acrylic styrene acrylonitrile resin possess antistatic properties that make the surface dust repellent.
|Estimated Base Year Value (2021)||US$ 829.06 Million|
|Expected Market Value (2022)||US$ 879.63 Million|
|Anticipated Forecast Value (2032)||US$ 1,432.74 Million|
|Projected Growth Rate (2022-2032)||5% CAGR|
The character properties of Acrylic styrene acrylonitrile resin in terms of cost effectiveness, chemical resistance, stability and performance, among other offers competitive edge over the styrenic polymer and acrylonitrile butadiene styrene, among others. Industrially, extrusion grade and injection grade acrylonitrile butadiene styrene resins are available. Among which, extrusion grade acrylonitrile butadiene styrene resins offers high UV resistance and weatherability owing to which demand for these resins is increasing steadily in automotive industry. Along with this, it is also used in electronic and electrical industry owing to its flame retardant properties and roughness. In construction industry, Acrylic styrene acrylonitrile resin are used in manufacturing of window and doors fittings, pipes fitting, roofing, and ducts, among other products.
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With the growth in automotive production across the globe, the demand for raw materials involved in the manufacturing of components is also increasing. As, Acrylic styrene acrylonitrile resins are prevalently consumed in the manufacturing of Automotive exterior such as mirror housing, radiator grills, etc. and interior, such as overhead compartments, etc. Moreover, global automotive production is expected to register 3.9% CAGR Over the forecast period. Thus, increasing automotive production across the globe will in turn help to drive demand for Acrylic styrene acrylonitrile resin market over the forecast period.
Along with this, increasing use of Acrylic styrene acrylonitrile resin in the construction industry is another factor driving the growth of the market. This is mainly attributed to rising investment in infrastructure development especially in commercial and housing sector that in turn expected to provide impetus for the growth of Acrylic styrene acrylonitrile resin market. However, availability of substitute polymers as well as fluctuating of raw materials prices may hamper the growth of the global Acrylic styrene acrylonitrile resin market during the forecast period. High cost of Acrylic styrene acrylonitrile resin may hinder the growth of Acrylic styrene acrylonitrile resin market.
Acrylic styrene acrylonitrile resin Market: Key Players
Acrylic styrene acrylonitrile resins manufacturer are focusing on an organic growth strategy. For the same, manufacturer are expanding their production capacity in order to enhance their footprint in regional as well as global market. Some of the key players identified across the value chain of Acrylic styrene acrylonitrile resins market are listed below;
- LG Chem Ltd.
- INEOS Styrolution America LLC
- Networks Polymers Pvt Ltd
- Chi Mei Corporation,
- FORMOSA CHEMICALS & FIBRE CORPORATION
- BASF SE
- Long Yue (Dongguan) Engineering Plastics Industry Co., Ltd. among others
The research report presents a comprehensive assessment of the Acrylic styrene acrylonitrile resins market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. Acrylic styrene acrylonitrile resins also contains projections using a suitable set of assumptions and methodologies. The Acrylic styrene acrylonitrile resins report provides analysis and information according to market segments such as geographies, application, and industry.
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The Acrylic styrene acrylonitrile resins report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with rotary dryer market attractiveness as per segments. The Acrylic styrene acrylonitrile resins report also maps the qualitative impact of various market factors on market segments and geographies.
Key Segments Profiled in the Acrylic Styrene Acrylonitrile Resin Industry Survey
- Extrusion Grade Acrylic Styrene Acrylonitrile Resin
- Injection Grade Acrylic Styrene Acrylonitrile Resin
- Acrylic Styrene Acrylonitrile Resin for Automotive
- Acrylic Styrene Acrylonitrile Resin for Building & Construction
- Acrylic Styrene Acrylonitrile Resin for Electronics & Electrical
- Acrylic Styrene Acrylonitrile Resin for Other Applications
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
to be continued…!