Acrylic styrene acrylonitrile resin Market Overview (2022 to 2032)

Valued at USD 829.06 Million in 2021, global sales of acrylic styrene acrylonitrile resins are projected to increase Y-o-Y at 6.1% to reach USD 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 USD 1,432.74 Million.

Report Attribute Details
Estimated Base Year Value (2021) USD 829.06 Million
Expected Market Value (2022) USD 879.63 Million
Anticipated Forecast Value (2032) USD 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.

Nikhil Kaitwade
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
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
  • 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Process
    • 5.1. Injection Molding
    • 5.2. Extrusion Molding
    • 5.3. Co-extrusion Molding
  • 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-use
    • 6.1. Automotive
    • 6.2. Building & Construction
    • 6.3. Electrical & Electronics
    • 6.4. Consumer Goods
  • 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
    • 7.1. North America
    • 7.2. Latin America
    • 7.3. Europe
    • 7.4. East Asia
    • 7.5. South Asia & Pacific
    • 7.6. Middle East and Africa
  • 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 11. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 12. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 14. Key Countries Market Analysis
  • 15. Market Structure Analysis
  • 16. Competition Analysis
    • 16.1. Ravago Group
    • 16.2. INEOS Styrolution Group GmbH
    • 16.3. SABIC
    • 16.4. TORAY INDUSTRIES, INC.
    • 16.5. LG Chem
    • 16.6. Chi Mei Corporation
    • 16.7. Formosa Chemicals & Fibre Corporation
    • 16.8. Lyondell Basell Industries Holdings B.V.
    • 16.9. Dongguan Engineering Plastics
    • 16.10. Shandong Ruifeng Chemical Co., Ltd.
  • 17. Assumptions & Acronyms Used
  • 18. Research Methodology

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Acrylic styrene acrylonitrile resin Market

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