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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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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.
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.
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:
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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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.
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:
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.
| 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:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
Styrene Acrylonitrile Copolymer Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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.
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