Global Styrene Acrylonitrile Market Overview:
Styrene Acrylonitrile is a transparent and heat resistant thermoplastic copolymer manufactured by the free radical polymerization of styrene and acrylonitrile. It is transparent and brittle in mechanical behavior. It is highly used in the manufacturing of numerous polymers. It is robustly used in the plastic industry. Some of the players profiled in the study are Chi Mei Corporation (Taiwan), LG Chem (South Korea), INEOS (United Kingdom), RTP Company (United States), SABIC (Saudi Arabia), Trinseo (United States), Formosa Chemicals & Fibre Corporation (Taiwan), JSR Corporation (United States), Kumho Petrochemical (South Korea) and IRPC (Thailand).
On the basis of geography, the market of Styrene Acrylonitrile has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use Industry, the sub-segment i.e. Plastics will boost the Styrene Acrylonitrile market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Demand from Transportation and Appliance Industries
- Increase in Market Competitions
- The Rise in Research & Development
- The Slowdown in Demand from Houseware and Electronic Industries from Japan is Expecting the Slow Growth in Market
- There is numerous growth opportunity across the Asia Pacific because of rapid development in urbanization coupled with rising GDP, growing demand from various industries majorly from India and China. China is the largest consumer across the globe, China is expected to be the one biggest big market in the Asia Pacific.
- High Cost Associated with Styrene Acrylonitrile
- Stringent Government Regulations
Key Market Developments:
In Oct 2020, Trinseo announced the rise of polystyrene, acrylonitrile butadiene styrene, and acrylonitrile copolymer in Europe. The company STYRON polystyrene grades by Euro 75 per metric ton. Through this initiative, the company enhances its revenue generation.
There are various styrene-acrylonitrile manufacturers are operating in this industry that is exploring the market and exploring their footprints in new geographic regions by adopting various business strategies including mergers & acquisitions, new product development. There are various market players are entering this market, although the major market share is covered by the leading chemical manufacturers.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Styrene Acrylonitrile Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Styrene Acrylonitrile market on the basis of product [Injection Grade SAN and General Grade SAN] , application [Consumer Products, Medical Applications, Electrical/Electronic, Industrial Uses and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Styrene Acrylonitrile market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Styrene Acrylonitrile industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Taita Chemical Co. Ltd. (Taiwan), Grand Pacific Petrochemical (Taiwan) and Asahi Kasei Chemicals (Japan).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Styrene Acrylonitrile market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.