The global acrylic styrene acrylonitrile resin market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030 from USD 2.6 billion in 2018. The growth of the market can be attributed to the increasing demand for plastics in various industries such as automotive, building and construction, electronics and electrical, etc, which is driving the demand for acrylic styrene acrylonitrile resin globally.
Extrusion grade accounted for more than 50% share of the global acrylic styrene acrylonitrile resin market in 2018 and is expected to maintain its dominance throughout the forecast period due to its wide application across various industries such as automotive, building and construction, electronics and electrical among others. Injection grade accounted for less than 10% share of the global acrylic styrene acrylonitrile resin market in 2018 but is expected to grow at a higher CAGR during 2019-2030 due to its high demand from emerging economies such as China and India among others where injection molding process dominates over extrusion process.
Some Of The Growth Factors Of This Market:
- Acrylic Styrene Acrylonitrile Resin is a thermoplastic polymer that is used in the production of plastics, fibers, and resins.
- The major players in the global Acrylic Styrene Acrylonitrile Resin market are BASF SE (Germany), Dow Chemical Company (US), ExxonMobil Corporation (US), Evonik Industries AG (Germany), Formosa Plastics Corporation (Taiwan), Mitsubishi Chemical Holdings Corporation (Japan).
- The key growth drivers for the global Acrylic Styrene Acrylonitrile Resin market include increasing demand for plastic products from emerging economies such as China and India; rising demand for biodegradable plastics; increasing use of recycled materials in plastic products; growing awareness about environmental issues among consumers.
- Major challenges faced by the global Acrylic Styrene Acrylonitrile Resin market are high cost of raw materials.
Industry Growth Insights published a new data on “Acrylic Styrene Acrylonitrile Resin Market”. The research report is titled “Acrylic Styrene Acrylonitrile Resin Market research by Types (Extrusion Grade, Injection Grade), By Applications (Automotive, Building & Construction, Electronics & Electrical, Others), By Players/Companies LG Chem, SABIC, INEOS Styrolution America LLC, Chi Mei Corporation, Formosa Chemicals & Fibre Corp., BASF SE, Kumho Petrochemical, JSR Corporation, Techno-UMG, LOTTE Advanced Materials, Nippon A&L, Toray Plastics”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Acrylic Styrene Acrylonitrile Resin Market Research Report
By Type
Extrusion Grade, Injection Grade
By Application
Automotive, Building & Construction, Electronics & Electrical, Others
By Companies
LG Chem, SABIC, INEOS Styrolution America LLC, Chi Mei Corporation, Formosa Chemicals & Fibre Corp., BASF SE, Kumho Petrochemical, JSR Corporation, Techno-UMG, LOTTE Advanced Materials, Nippon A&L, Toray Plastics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Acrylic Styrene Acrylonitrile Resin Market Report Segments:
The global Acrylic Styrene Acrylonitrile Resin market is segmented on the basis of:
Types
Extrusion Grade, Injection Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Building & Construction, Electronics & Electrical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LG Chem
- SABIC
- INEOS Styrolution America LLC
- Chi Mei Corporation
- Formosa Chemicals & Fibre Corp.
- BASF SE
- Kumho Petrochemical
- JSR Corporation
- Techno-UMG
- LOTTE Advanced Materials
- Nippon A&L
- Toray Plastics
Highlights of The Acrylic Styrene Acrylonitrile Resin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Extrusion Grade
- Injection Grade
- By Application:
- Automotive
- Building & Construction
- Electronics & Electrical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Acrylic Styrene Acrylonitrile Resin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Acrylic styrene acrylonitrile resin (ASA) is a type of acrylic polymer that is used to make products such as plastic and fiberglass. ASA is a clear, colorless material that can be easily shaped with heat and pressure.
Some of the major companies in the acrylic styrene acrylonitrile resin market are LG Chem, SABIC, INEOS Styrolution America LLC, Chi Mei Corporation, Formosa Chemicals & Fibre Corp., BASF SE, Kumho Petrochemical, JSR Corporation, Techno-UMG, LOTTE Advanced Materials, Nippon A&L, Toray Plastics.
The acrylic styrene acrylonitrile resin market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Acrylic Styrene Acrylonitrile Resin Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Acrylic Styrene Acrylonitrile Resin Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Acrylic Styrene Acrylonitrile Resin Market - Supply Chain
4.5. Global Acrylic Styrene Acrylonitrile Resin Market Forecast
4.5.1. Acrylic Styrene Acrylonitrile Resin Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Acrylic Styrene Acrylonitrile Resin Market Size (000 Units) and Y-o-Y Growth
4.5.3. Acrylic Styrene Acrylonitrile Resin Market Absolute $ Opportunity
5. Global Acrylic Styrene Acrylonitrile Resin Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Type
5.3.1. Extrusion Grade
5.3.2. Injection Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Acrylic Styrene Acrylonitrile Resin Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Building & Construction
6.3.3. Electronics & Electrical
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Acrylic Styrene Acrylonitrile Resin Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Acrylic Styrene Acrylonitrile Resin Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Acrylic Styrene Acrylonitrile Resin Demand Share Forecast, 2019-2026
9. North America Acrylic Styrene Acrylonitrile Resin Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Building & Construction
9.4.3. Electronics & Electrical
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Type
9.7.1. Extrusion Grade
9.7.2. Injection Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Acrylic Styrene Acrylonitrile Resin Demand Share Forecast, 2019-2026
10. Latin America Acrylic Styrene Acrylonitrile Resin Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Building & Construction
10.4.3. Electronics & Electrical
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Type
10.7.1. Extrusion Grade
10.7.2. Injection Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Acrylic Styrene Acrylonitrile Resin Demand Share Forecast, 2019-2026
11. Europe Acrylic Styrene Acrylonitrile Resin Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Building & Construction
11.4.3. Electronics & Electrical
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Type
11.7.1. Extrusion Grade
11.7.2. Injection Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Acrylic Styrene Acrylonitrile Resin Demand Share, 2019-2026
12. Asia Pacific Acrylic Styrene Acrylonitrile Resin Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Building & Construction
12.4.3. Electronics & Electrical
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Type
12.7.1. Extrusion Grade
12.7.2. Injection Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Acrylic Styrene Acrylonitrile Resin Demand Share, 2019-2026
13. Middle East & Africa Acrylic Styrene Acrylonitrile Resin Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Building & Construction
13.4.3. Electronics & Electrical
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Acrylic Styrene Acrylonitrile Resin Market Size and Volume Forecast by Type
13.7.1. Extrusion Grade
13.7.2. Injection Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Acrylic Styrene Acrylonitrile Resin Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Acrylic Styrene Acrylonitrile Resin Market: Market Share Analysis
14.2. Acrylic Styrene Acrylonitrile Resin Distributors and Customers
14.3. Acrylic Styrene Acrylonitrile Resin Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LG Chem
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SABIC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. INEOS Styrolution America LLC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chi Mei Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Formosa Chemicals & Fibre Corp.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BASF SE
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kumho Petrochemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. JSR Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Techno-UMG
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. LOTTE Advanced Materials
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nippon A&L
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Toray Plastics
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
