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Acrylic styrene acrylonitrile resin Market Overview (2022 to 2032)

Valued at US$ 829.06 Million in 2021, global sales of acrylic styrene acrylonitrile resins are projected to increase Y-o-Y at 6.1% to reach US$ 879.63 Million in FY 2022. In the long run, the industry is poised to flourish at a steady 5% value CAGR and yield a revenue share of US$ 1,432.74 Million.

Report Attribute Details
Estimated Base Year Value (2021) US$ 829.06 Million
Expected Market Value (2022) US$ 879.63 Million
Anticipated Forecast Value (2032) US$ 1,432.74 Million
Projected Growth Rate (2022 to 2032) 5% CAGR

Because of its good weather resistance, high strength, high temperature, and high UV resistance, acrylic styrene acrylonitrile resin is widely used in the automotive, construction, electronic & electrical, and packaging industries, among others.

In general, the antistatic properties of acrylic styrene acrylonitrile resin make the surface dust-repellent. Acrylic styrene acrylonitrile resin has a competitive advantage over styrene polymer and acrylonitrile butadiene styrene, among others, due to its cost-effectiveness, chemical resistance, stability, and performance. Extrusion-grade and injection-grade acrylonitrile butadiene styrene resins are available in the industrial market.

Extrusion-grade acrylonitrile butadiene styrene resins, for example, have high UV resistance and weather ability, so demand these resins is steadily increasing in the automotive industry. It is also used in the electronic and electrical industries due to its flame-retardant properties and roughness. Acrylic styrene acrylonitrile resin is used in the construction industry to make window and door fittings, pipe fittings, roofing, and ducts, among other things.

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Which are Some Prominent Drivers Spearheading Acrylic Styrene Acrylonitrile Resin Market Growth?

With the expansion of automotive production around the world, the demand for raw materials used in component manufacturing is also rising. As an example, acrylic styrene acrylonitrile resins are widely used in the production of automotive exterior components such as mirror housing, radiator grills, and so on, as well as interior components such as overhead compartments and so on. Furthermore, the global automotive production is expected to grow at a CAGR of 3.9% over the forecast period. As a result, rising global automotive production will drive demand for

Acrylic styrene acrylonitrile resin over the forecast period. Another factor driving the market growth is the increasing use of acrylic styrene acrylonitrile resin in the construction industry. This is primarily due to increased investment in infrastructure development, particularly in the commercial and housing sectors, which is expected to provide the impetus for the growth of the Acrylic styrene acrylonitrile resin market.

What are the Challenges Faced by the Acrylic Styrene Acrylonitrile Resin Industry?

The availability of substitute polymers, as well as fluctuating raw material prices, may stymie the growth of the global Acrylic styrene acrylonitrile resin market over the forecast period. The high cost of acrylic styrene acrylonitrile resin may stifle market growth of acrylic styrene acrylonitrile resin.

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Nikhil Kaitwade

Principal Consultant

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Why is Asia-Pacific emerging as an Opportunistic Acrylic Styrene Acrylonitrile Resin Market?

Growing demand for acrylic styrene acrylonitrile resin has resulted from the Asia Pacific region's growing manufacturing and construction industries. Over the forecast period, the APAC acrylic styrene acrylonitrile resin market is expected to grow at a healthy CAGR.

How is North America Contributing to Growth of the Acrylic Styrene Acrylonitrile Resin Market?

According to Future Market Insights, North America is expected to dominate the Acrylic styrene acrylonitrile resin market in the coming years. Growth in the building and construction market in North America is driving the Acrylic styrene acrylonitrile resin market.

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Market Competition

The manufacturer of acrylic styrene acrylonitrile resins is focusing on organic growth. Manufacturers are expanding their production capacity in order to increase their footprint in both the regional and global markets. The following are some of the key players identified across the value chain of the Acrylic styrene acrylonitrile resins market: LG Chem Ltd., SABIC, INEOS Styrolution America LLC, Networks Polymers Pvt Ltd, Chi Mei Corporation, FORMOSA CHEMICALS & FIBRE CORPORATION, BASF SE and Long Yue (Dongguan) Engineering Plastics Industry Co., Ltd. among others.

Report Scope

Report Attribute Details
Growth Rate CAGR of 5% from 2022 to 2032
Base Year for Estimation 2021
Historical Data 2015 to 2020
Forecast Period 2022 to 2032
Quantitative Units Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered
  • Grade
  • Application
  • Region
Regions Covered
  • North America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Latin America
  • Middle East and Africa
Key Countries Profiled
  • USA
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Poland
  • Russia
  • Australia & New Zealand
  • China
  • India
  • ASIAN
  • GCC Countries
  • South Africa
Key Companies Profiled
  • LG Chem Ltd.
  • SABIC
  • INEOS Styrolution America LLC
  • Networks Polymers Pvt Ltd
  • Chi Mei Corporation
  • FORMOSA Chemicals & Fibre Corporation
  • BASF SE
  • Long Yue (Dongguan) Engineering Plastics Industry Co., Ltd.
Customization Available Upon Request

Key Segments Profiled in the Acrylic Styrene Acrylonitrile Resin Industry Survey

Grade:

  • Extrusion Grade Acrylic Styrene Acrylonitrile Resin
  • Injection Grade Acrylic Styrene Acrylonitrile Resin

Application:

  • Acrylic Styrene Acrylonitrile Resin for Automotive
  • Acrylic Styrene Acrylonitrile Resin for Building & Construction
  • Acrylic Styrene Acrylonitrile Resin for Electronics & Electrical
  • Acrylic Styrene Acrylonitrile Resin for Other Applications

Region:

  • North America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Latin America
  • Middle East and Africa

Frequently Asked Questions

What is the anticipated growth of the Acrylic Styrene Acrylonitrile Resin market until 2032?

FMI projects the global Acrylic Styrene Acrylonitrile Resin market to expand at a 5% value CAGR by 2032

Which region is forecast to be the most lucrative for Acrylic Styrene Acrylonitrile Resin market growth?

Asia Pacific is expected to be the most opportunistic Acrylic Styrene Acrylonitrile Resin market.

Which are some prominent Acrylic Styrene Acrylonitrile Resin manufacturers?

LG Chem Ltd., SABIC, and INEOS Styrolution America LLC are some prominent Acrylic Styrene Acrylonitrile Resin manufacturers

Table of Content

1. Executive Summary | Acrylic styrene acrylonitrile resin Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity 

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyers

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032

    4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2017 to 2021

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2022 to 2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Process

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Process, 2017 to 2021

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Process, 2022 to 2032

        5.3.1. Injection Molding

        5.3.2. Extrusion Molding

        5.3.3. Co-extrusion Molding

    5.4. Y-o-Y Growth Trend Analysis By Process, 2017 to 2021

    5.5. Absolute $ Opportunity Analysis By Process, 2022 to 2032 Deep-dive segmentation will be available in the sample on request

6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-use

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End-use, 2017 to 2021

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End-use, 2022 to 2032

        6.3.1. Automotive

        6.3.2. Building & Construction

        6.3.3. Electrical & Electronics

        6.3.4. Consumer Goods

    6.4. Y-o-Y Growth Trend Analysis By End-use, 2017 to 2021

    6.5. Absolute $ Opportunity Analysis By End-use, 2022 to 2032 Deep-dive segmentation will be available in the sample on request

7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2017 to 2021

    7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2022 to 2032

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Europe

        7.3.4. East Asia

        7.3.5. South Asia & Pacific

        7.3.6. Middle East and Africa

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021

    8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032

        8.2.1. By Country

            8.2.1.1. USA

            8.2.1.2. Canada

        8.2.2. By Process

        8.2.3. By End-use

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Process

        8.3.3. By End-use

    8.4. Key Takeaways

9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021

    9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032

        9.2.1. By Country

            9.2.1.1. Mexico

            9.2.1.2. Brazil

            9.2.1.3. Rest of Latin America

        9.2.2. By Process

        9.2.3. By End-use

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Process

        9.3.3. By End-use

    9.4. Key Takeaways

10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021

    10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. Italy

            10.2.1.3. France

            10.2.1.4. United Kingdom

            10.2.1.5. Spain

            10.2.1.6. BENELUX

            10.2.1.7. Russia

            10.2.1.8. Rest of Europe

        10.2.2. By Process

        10.2.3. By End-use

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Process

        10.3.3. By End-use

    10.4. Key Takeaways

11. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021

    11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032

        11.2.1. By Country

            11.2.1.1. China

            11.2.1.2. Japan

            11.2.1.3. South Korea

        11.2.2. By Process

        11.2.3. By End-use

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Process

        11.3.3. By End-use

    11.4. Key Takeaways

12. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021

    12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. ASEAN

            12.2.1.3. Australia and New Zealand

            12.2.1.4. Rest of South Asia & Pacific

        12.2.2. By Process

        12.2.3. By End-use

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Process

        12.3.3. By End-use

    12.4. Key Takeaways

13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021

    13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032

        13.2.1. By Country

            13.2.1.1. GCC Countries

            13.2.1.2. Turkey

            13.2.1.3. South Africa

            13.2.1.4. Rest of Middle East and Africa

        13.2.2. By Process

        13.2.3. By End-use

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Process

        13.3.3. By End-use

    13.4. Key Takeaways

14. Key Countries Market Analysis

    14.1. USA

        14.1.1. Pricing Analysis

        14.1.2. Market Share Analysis, 2021

            14.1.2.1. By Process

            14.1.2.2. By End-use

    14.2. Canada

        14.2.1. Pricing Analysis

        14.2.2. Market Share Analysis, 2021

            14.2.2.1. By Process

            14.2.2.2. By End-use

    14.3. Mexico

        14.3.1. Pricing Analysis

        14.3.2. Market Share Analysis, 2021

            14.3.2.1. By Process

            14.3.2.2. By End-use

    14.4. Brazil

        14.4.1. Pricing Analysis

        14.4.2. Market Share Analysis, 2021

            14.4.2.1. By Process

            14.4.2.2. By End-use

    14.5. Germany

        14.5.1. Pricing Analysis

        14.5.2. Market Share Analysis, 2021

            14.5.2.1. By Process

            14.5.2.2. By End-use

    14.6. Italy

        14.6.1. Pricing Analysis

        14.6.2. Market Share Analysis, 2021

            14.6.2.1. By Process

            14.6.2.2. By End-use

    14.7. France

        14.7.1. Pricing Analysis

        14.7.2. Market Share Analysis, 2021

            14.7.2.1. By Process

            14.7.2.2. By End-use

    14.8. United Kingdom

        14.8.1. Pricing Analysis

        14.8.2. Market Share Analysis, 2021

            14.8.2.1. By Process

            14.8.2.2. By End-use

    14.9. Spain

        14.9.1. Pricing Analysis

        14.9.2. Market Share Analysis, 2021

            14.9.2.1. By Process

            14.9.2.2. By End-use

    14.10. BENELUX

        14.10.1. Pricing Analysis

        14.10.2. Market Share Analysis, 2021

            14.10.2.1. By Process

            14.10.2.2. By End-use

    14.11. Russia

        14.11.1. Pricing Analysis

        14.11.2. Market Share Analysis, 2021

            14.11.2.1. By Process

            14.11.2.2. By End-use

    14.12. China

        14.12.1. Pricing Analysis

        14.12.2. Market Share Analysis, 2021

            14.12.2.1. By Process

            14.12.2.2. By End-use

    14.13. Japan

        14.13.1. Pricing Analysis

        14.13.2. Market Share Analysis, 2021

            14.13.2.1. By Process

            14.13.2.2. By End-use

    14.14. South Korea

        14.14.1. Pricing Analysis

        14.14.2. Market Share Analysis, 2021

            14.14.2.1. By Process

            14.14.2.2. By End-use

    14.15. India

        14.15.1. Pricing Analysis

        14.15.2. Market Share Analysis, 2021

            14.15.2.1. By Process

            14.15.2.2. By End-use

    14.16. ASIAN

        14.16.1. Pricing Analysis

        14.16.2. Market Share Analysis, 2021

            14.16.2.1. By Process

            14.16.2.2. By End-use

    14.17. Australia and New Zealand

        14.17.1. Pricing Analysis

        14.17.2. Market Share Analysis, 2021

            14.17.2.1. By Process

            14.17.2.2. By End-use

    14.18. GCC Countries

        14.18.1. Pricing Analysis

        14.18.2. Market Share Analysis, 2021

            14.18.2.1. By Process

            14.18.2.2. By End-use

    14.19. Turkey

        14.19.1. Pricing Analysis

        14.19.2. Market Share Analysis, 2021

            14.19.2.1. By Process

            14.19.2.2. By End-use

    14.20. South Africa

        14.20.1. Pricing Analysis

        14.20.2. Market Share Analysis, 2021

            14.20.2.1. By Process

            14.20.2.2. By End-use

15. Market Structure Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Market Share Analysis of Top Players

        15.3.1. By Regional

        15.3.2. By Process

        15.3.3. By End-use

16. Competition Analysis

    16.1. Competition Deep Dive

        16.1.1. Ravago Group

            16.1.1.1. Overview

            16.1.1.2. Product Portfolio

            16.1.1.3. Profitability by Market Segments

            16.1.1.4. Sales Footprint

            16.1.1.5. Strategy Overview

                16.1.1.5.1. Marketing Strategy

                16.1.1.5.2. Product Strategy

                16.1.1.5.3. Channel Strategy

        16.1.2. INEOS Styrolution Group GmbH

            16.1.2.1. Overview

            16.1.2.2. Product Portfolio

            16.1.2.3. Profitability by Market Segments

            16.1.2.4. Sales Footprint

            16.1.2.5. Strategy Overview

                16.1.2.5.1. Marketing Strategy

                16.1.2.5.2. Product Strategy

                16.1.2.5.3. Channel Strategy

        16.1.3. SABIC

            16.1.3.1. Overview

            16.1.3.2. Product Portfolio

            16.1.3.3. Profitability by Market Segments

            16.1.3.4. Sales Footprint

            16.1.3.5. Strategy Overview

                16.1.3.5.1. Marketing Strategy

                16.1.3.5.2. Product Strategy

                16.1.3.5.3. Channel Strategy

        16.1.4. TORAY INDUSTRIES, INC.

            16.1.4.1. Overview

            16.1.4.2. Product Portfolio

            16.1.4.3. Profitability by Market Segments

            16.1.4.4. Sales Footprint

            16.1.4.5. Strategy Overview

                16.1.4.5.1. Marketing Strategy

                16.1.4.5.2. Product Strategy

                16.1.4.5.3. Channel Strategy

        16.1.5. LG Chem

            16.1.5.1. Overview

            16.1.5.2. Product Portfolio

            16.1.5.3. Profitability by Market Segments

            16.1.5.4. Sales Footprint

            16.1.5.5. Strategy Overview

                16.1.5.5.1. Marketing Strategy

                16.1.5.5.2. Product Strategy

                16.1.5.5.3. Channel Strategy

        16.1.6. Chi Mei Corporation

            16.1.6.1. Overview

            16.1.6.2. Product Portfolio

            16.1.6.3. Profitability by Market Segments

            16.1.6.4. Sales Footprint

            16.1.6.5. Strategy Overview

                16.1.6.5.1. Marketing Strategy

                16.1.6.5.2. Product Strategy

                16.1.6.5.3. Channel Strategy

        16.1.7. Formosa Chemicals & Fibre Corporation

            16.1.7.1. Overview

            16.1.7.2. Product Portfolio

            16.1.7.3. Profitability by Market Segments

            16.1.7.4. Sales Footprint

            16.1.7.5. Strategy Overview

                16.1.7.5.1. Marketing Strategy

                16.1.7.5.2. Product Strategy

                16.1.7.5.3. Channel Strategy

        16.1.8. Lyondell Basell Industries Holdings B.V.

            16.1.8.1. Overview

            16.1.8.2. Product Portfolio

            16.1.8.3. Profitability by Market Segments

            16.1.8.4. Sales Footprint

            16.1.8.5. Strategy Overview

                16.1.8.5.1. Marketing Strategy

                16.1.8.5.2. Product Strategy

                16.1.8.5.3. Channel Strategy

        16.1.9. Dongguan Engineering Plastics

            16.1.9.1. Overview

            16.1.9.2. Product Portfolio

            16.1.9.3. Profitability by Market Segments

            16.1.9.4. Sales Footprint

            16.1.9.5. Strategy Overview

                16.1.9.5.1. Marketing Strategy

                16.1.9.5.2. Product Strategy

                16.1.9.5.3. Channel Strategy

        16.1.10. Shandong Ruifeng Chemical Co., Ltd. 

            16.1.10.1. Overview

            16.1.10.2. Product Portfolio

            16.1.10.3. Profitability by Market Segments

            16.1.10.4. Sales Footprint

            16.1.10.5. Strategy Overview

                16.1.10.5.1. Marketing Strategy

                16.1.10.5.2. Product Strategy

                16.1.10.5.3. Channel Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

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Acrylic styrene acrylonitrile resin Market