Reports
Global Styrene Acrylonitrile Copolymer Market Size, Growth: By Application: Medical Sector, Consumer Goods, Cosmetics, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Trade Data Analysis; Competitive Landscape; 2024-2032
Global Styrene Acrylonitrile Copolymer Market Outlook
The global styrene acrylonitrile copolymer market reached a value of about USD 2.35 billion in 2023. The market is further expected to grow at a CAGR of 5.84% in the forecast period of 2024-2032 to reach a value of approximately USD 3.25 billion by 2032.
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Increasing Demand for Consumer Goods to Augment the Styrene Acrylonitrile Copolymer Industry Growth
Based on end use, the consumer goods segment accounts for a significant share in the styrene acrylonitrile copolymer industry. It is also the fastest growing end-use segment for the product. Styrene acrylonitrile resins are in high demand in the manufacturing of toothbrush handles, hangers, food containers, laptops, televisions, and mobile devices, which is expected to further enhance the product’s market size. Moreover, the styrene acrylonitrile copolymer industry is expected to benefit from the increased demand for electrical and electronic appliances in the forecast period.
The Asia Pacific to Provide Enhanced Growth Opportunities to the Styrene Acrylonitrile Copolymer Industry
Region-wise, the Asia Pacific is expected to witness a robust growth over the forecast period. Because of the rising urbanisation rate and GDP growth, the region, led by China, holds the largest market share for styrene acrylonitrile copolymer. Other factors that are expected to fuel the product demand include improving economic conditions, growing disposable income, and the growth of the electronic and consumer goods industry in the region.
Styrene Acrylonitrile Copolymer: Market Segmentation
A copolymer plastic made up of styrene and acrylonitrile is known as styrene acrylonitrile resin. SAN is another name for it. Because of its superior thermal resistance, it is often substituted for polystyrene.
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On the basis of application, the market can be broadly categorised into:
- Medical Sector
- Consumer Goods
- Cosmetics
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Use in Medical Applications to Bolster the Growth of the Styrene Acrylonitrile Copolymer Industry
The market for styrene acrylonitrile copolymer is being aided by the development of end-use industries such as cosmetics, medical sector, plastics, and packaging, among others. Moreover, a major driver for the growth of the styrene acrylonitrile copolymer industry is the growing use of styrene acrylonitrile in medical applications such as dental equipment, autoclavable devices, and medical light diffusers. Thus, the growth of the medical industry is expected to significantly contribute to the industry expansion. Furthermore, due to its high strength, dimensional stability, and acid and alkali resistance, the product is widely used in the manufacturing of plastics used in industry and offices.
Over the forecast period, the market is expected to be aided by the use of advanced materials and technology, as well as the capacity expansion by key industry players. Additionally, the rising product demand in the cosmetics industry for use in packaging of compact and lipstick cases, coupled with the growing preference for rigid packaging in personal care products, is expected to further contribute to the industry growth.
Key Industry Players in the Global Styrene Acrylonitrile Copolymer Market
The report gives a detailed analysis of the following key players in the global styrene acrylonitrile copolymer market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Ineos Group Ltd
- LG Chem Ltd
- RTP Company
- Trinseo S.A.
- Chi Mei Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region |
| Breakup by Application | Medical Sector, Consumer Goods, Cosmetics, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Ineos Group Ltd, LG Chem Ltd, RTP Company, Trinseo S.A., Chi Mei Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Styrene Acrylonitrile Copolymer Market Analysis
8.1 Key Industry Highlights
8.2 Global Styrene Acrylonitrile Copolymer Historical Market (2018-2023)
8.3 Global Styrene Acrylonitrile Copolymer Market Forecast (2024-2032)
8.4 Global Styrene Acrylonitrile Copolymer Market by Application
8.4.1 Medical Sector
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Consumer Goods
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Cosmetics
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Styrene Acrylonitrile Copolymer Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Styrene Acrylonitrile Copolymer Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Styrene Acrylonitrile Copolymer Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Styrene Acrylonitrile Copolymer Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Styrene Acrylonitrile Copolymer Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Styrene Acrylonitrile Copolymer Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
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
List of Key Figures and Tables
1. Global Styrene Acrylonitrile Copolymer Market: Key Industry Highlights, 2018 and 2032
2. Global Styrene Acrylonitrile Copolymer Historical Market: Breakup by Application (USD Billion), 2018-2023
3. Global Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Application (USD Billion), 2024-2032
4. Global Styrene Acrylonitrile Copolymer Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Global Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. North America Styrene Acrylonitrile Copolymer Historical Market: Breakup by Country (USD Billion), 2018-2023
7. North America Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Europe Styrene Acrylonitrile Copolymer Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Europe Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Asia Pacific Styrene Acrylonitrile Copolymer Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Styrene Acrylonitrile Copolymer Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Middle East and Africa Styrene Acrylonitrile Copolymer Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Middle East and Africa Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Major Importing Countries by Volume (2020)
17. Major Exporting Countries by Volume (2020)
18. Major Importing Countries by Value (2020)
19. Major Exporting Countries by Value (2020)
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Styrene Acrylonitrile Copolymer Market Structure
Key Questions Answered in the Report
In 2023, the global styrene acrylonitrile copolymer market attained a value of nearly USD 2.35 billion.
The market is projected to grow at a CAGR of 5.84% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3.25 billion by 2032.
The major drivers of the market include the rising disposable incomes, and the growth of the electronic and consumer goods industry.
Growing medical applications and increased employment as film-forming material in personal care products and cosmetics are expected to be the key trends guiding the growth of the market.
The different applications include medical sector, consumer goods, and cosmetics, among others.
The regional markets for styrene acrylonitrile copolymer include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key players in the global styrene acrylonitrile copolymer market are Ineos Group Ltd, LG Chem Ltd, RTP Company, Trinseo S.A., and Chi Mei Corporation, among others.
Analyst Review
The global styrene acrylonitrile copolymer market attained a value of USD 2.35 billion in 2023, driven by economic conditions, growing disposable income, and the growth of the electronic and consumer goods industry in the region. Aided by Increasing use in medical applications, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.84%. The market is projected to reach USD 3.25 billion by 2032.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. By application, the industry can be divided into medical sector, consumer goods, and cosmetics, amongst others. The regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Ineos Group Ltd, LG Chem Ltd, RTP Company, Trinseo S.A., and Chi Mei Corporation, amongst others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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