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Global Styrene Acrylonitrile Copolymer Market: By Application: Medical Sector, Consumer Goods, Cosmetics, Others; Regional Analysis; Historical Market and Forecast (2018-2028); 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 5.84% in the forecast period of 2023-2028 to reach a value of approximately USD 2.9 billion by 2026.

 

Global Styrene Acrylonitrile Copolymer Market

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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.

 

Global Styrene Acrylonitrile Copolymer Market By Application

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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.

 

Global Styrene Acrylonitrile Copolymer Market By Region

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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.

 

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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    Industry Opportunities and Challenges
8    Global Styrene Acrylonitrile Copolymer Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Styrene Acrylonitrile Copolymer Historical Market (2018-2022) 
    8.3    Global Styrene Acrylonitrile Copolymer Market Forecast (2023-2028)
    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 (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Consumer Goods
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Cosmetics
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Styrene Acrylonitrile Copolymer Market by Region
        8.5.1    North America
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022) 
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Europe
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022) 
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Asia Pacific
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022) 
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Latin America
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022) 
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Middle East and Africa
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022) 
            8.5.5.3    Forecast Trend (2023-2028)
9    North America Styrene Acrylonitrile Copolymer Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Styrene Acrylonitrile Copolymer Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Styrene Acrylonitrile Copolymer Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Styrene Acrylonitrile Copolymer Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Styrene Acrylonitrile Copolymer Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    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 (2018-2022) and Forecast (2023-2028)
    17.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
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 2028
2.    Global Styrene Acrylonitrile Copolymer Historical Market: Breakup by Application (USD Billion), 2018-2022
3.    Global Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Application (USD Billion), 2023-2028
4.    Global Styrene Acrylonitrile Copolymer Historical Market: Breakup by Region (USD Billion), 2018-2022
5.    Global Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Region (USD Billion), 2023-2028
6.    North America Styrene Acrylonitrile Copolymer Historical Market: Breakup by Country (USD Billion), 2018-2022
7.    North America Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Country (USD Billion), 2023-2028
8.    Europe Styrene Acrylonitrile Copolymer Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    Europe Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Asia Pacific Styrene Acrylonitrile Copolymer Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Asia Pacific Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Latin America Styrene Acrylonitrile Copolymer Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Latin America Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Middle East and Africa Styrene Acrylonitrile Copolymer Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Middle East and Africa Styrene Acrylonitrile Copolymer Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 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 5.84% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 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 2023-2028, growing at a CAGR of 5.84%. 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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