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Global Styrene Acrylonitrile Copolymer Market: By Application: Medical Sector, Consumer Goods, Cosmetics, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Trade Data Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
Global Styrene Acrylonitrile Copolymer Market Outlook
The global styrene acrylonitrile copolymer market reached a value of about USD 2.1 billion in 2020. The market is further expected to grow at a CAGR of 5.80% in the forecast period of 2021-2026 to reach a value of approximately USD 2.9 billion by 2026.
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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: Industry Definition and 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 industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you 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 (2016-2020)
8.3 Global Styrene Acrylonitrile Copolymer Market Forecast (2021-2026)
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 (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Consumer Goods
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Cosmetics
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
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 (2016-2020)
9.1.2 Forecast Trend (2021-2026)
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 (2016-2020)
9.2.2 Forecast Trend (2021-2026)
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 (2016-2020)
9.3.2 Forecast Trend (2021-2026)
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 (2016-2020)
9.4.2 Forecast Trend (2021-2026)
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 (2016-2020)
9.5.2 Forecast Trend (2021-2026)
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 EMR’s Key Indicators for Demand
10.4 EMR’s 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 (2016-2020) and Forecast (2021-2026)
13.2 Europe Historical Price trends (2016-2020) and Forecast (2021-2026)
13.3 Asia Pacific Historical Price trends (2016-2020) and Forecast (2021-2026)
13.4 Latin America Historical Price trends (2016-2020) and Forecast (2021-2026)
13.5 Middle East and Africa Historical Price trends (2016-2020) and Forecast (2021-2026)
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
List of Figures and Tables
1. Global Styrene Acrylonitrile Copolymer Market: Key Industry Highlights, 2016 and 2026
2. Global Styrene Acrylonitrile Copolymer Historical Market: Breakup by Application (USD Billion), 2016-2020
3. Global Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Application (USD Billion), 2021-2026
4. Global Styrene Acrylonitrile Copolymer Historical Market: Breakup by Region (USD Billion), 2016-2020
5. Global Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Region (USD Billion), 2021-2026
6. North America Styrene Acrylonitrile Copolymer Historical Market: Breakup by Country (USD Billion), 2016-2020
7. North America Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Country (USD Billion), 2021-2026
8. Europe Styrene Acrylonitrile Copolymer Historical Market: Breakup by Country (USD Billion), 2016-2020
9. Europe Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Asia Pacific Styrene Acrylonitrile Copolymer Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Asia Pacific Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Latin America Styrene Acrylonitrile Copolymer Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Latin America Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Middle East and Africa Styrene Acrylonitrile Copolymer Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Middle East and Africa Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Country (USD Billion), 2021-2026
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 2016-2026
21. Europe Historical Price Trends and Forecast 2016-2026
22. Asia Pacific Historical Price Trends and Forecast 2016-2026
23. Latin America Historical Price Trends and Forecast 2016-2026
24. Middle East and Africa Historical Price Trends and Forecast 2016-2026
25. Global Styrene Acrylonitrile Copolymer Market Structure
Key Questions Answered in the Report
In 2020, the global styrene acrylonitrile copolymer market attained a value of nearly USD 2.1 billion.
The market is projected to grow at a CAGR of 5.8% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 2.9 billion by 2026.
The major drivers of the industry include economic conditions, growing disposable income, and the growth of the electronic and consumer goods industry in the region.
Increasing use in medical applications is expected to be a key trend guiding the growth of the industry.
Styrene acrylonitrile copolymer finds applications in the medical sector, consumer goods, and cosmetics, amongst others.
The regional markets for thermocouples include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The leading players in this market are Ineos Group Ltd, LG Chem Ltd, RTP Company, Trinseo S.A., and Chi Mei Corporation, amongst others.
Analyst Review
The global styrene acrylonitrile copolymer market attained a value of USD 2.1 billion in 2020, 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 2021-2026, growing at a CAGR of 5.8%. The market is projected to reach USD 2.9 billion by 2026.
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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