Market Overview:
The global acrylonitrile styrene acrylate (ASA) for automotive market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to register a CAGR of 5.4% over the forecast period (2018–2030), according to a new study by Transparency Market Research (TMR). The ASA for automotive market is expected to be valued at US$ 2,023.5 Mn by 2030 end. The growth of the global ASA for automotive market can be attributed to increasing demand from the Asia Pacific region and rising demand for lightweight vehicles. In terms of type, the betting grade segment is anticipated to account for a larger share of the global ASA for automotive market in 2018 as compared to other segments. This can be attributed primarily due its low cost as well as high heat resistance properties which make it suitable for use in various applications such as exterior trim parts and under-the-hood components in automobiles.
Product Definition:
Acrylonitrile styrene acrylate (ASA) is a copolymer made from acrylonitrile, styrene and acrylic acid. ASA has good impact resistance, stiffness and chemical resistance. It is used in automotive bumpers, dashboards, door panels and other parts that need to be strong and durable.
Betting Grade:
The global betting grade is expected to witness significant growth on account of the growing demand for acrylonitrile styrene acrylate (ASA) in automotive applications. ASA is a thermoplastic elastomer, which has high resistance to chemicals and temperature. It also offers good impact strength and flex fatigue properties making it suitable for use in various automotive components including power train, chassis, suspension bushings and interior parts.
Heat-resistant Grade:
The heat-resistant grade is a new term in the acrylonitrile styrene acrylate (ASA) for automotive market. Heat-resistant grades are used to produce high performance materials that can withstand high temperatures without undergoing any structural changes.
Application Insights:
Automotive interior application segment accounted for the largest share of over 70.0% in 2017. The demand is expected to be high owing to properties such as heat resistance, chemical resistance and good flexibility offered by the product. These properties make it suitable for use in automotive interior applications including seats, headliners and door panels among others.
The demand for acrylonitrile styrene acrylate (ABS) is expected to witness significant growth on account of its increasing utilization in manufacturing lightweight material components with superior mechanical strength and durability at an affordable price range compared to other plastics used globally. This factor along with growing consumer preference towards vehicles equipped with modern features & technology will drive the market growth over the forecast period (2018-2030).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. These countries are witnessing strong economic growth owing to various factors such as increasing population, rising disposable income of consumers and improved standard of living due to changing consumer preferences for premium automotive products.
China has been one of the largest producers as well as consumers of acrylonitrile styrene acrylate (ASA) based resins across the globe owing to its large-scale production facilities coupled with high consumption in automobile manufacturing activities across various industries such as construction & infrastructure; electrical & electronics; medical devices; packaging & labeling among others.
North America emerged as a major market for ASA based resins with U.S.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Rising automotive production in developing countries
- Growing popularity of plastic components over traditional metal parts in automobiles
- Advances in acrylonitrile styrene acrylate technology and manufacturing processes
- Increasing use of acrylonitrile styrene acrylate composites in high-performance vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Acrylonitrile Styrene Acrylate for Automotive Market Research Report
By Type
Betting Grade, Heat-resistant Grade
By Application
Automotive Interior, Automotive Exterior
By Companies
Chimei, Styrolution, LG Chemical, SABIC, Formosa, Mitsui Plastics, Guangdong Shunde Shunyan New Material, Enviroplas, Lotte Chemical
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Acrylonitrile Styrene Acrylate for Automotive Market Report Segments:
The global Acrylonitrile Styrene Acrylate for Automotive market is segmented on the basis of:
Types
Betting Grade, Heat-resistant 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 Interior, Automotive Exterior
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:
- Chimei
- Styrolution
- LG Chemical
- SABIC
- Formosa
- Mitsui Plastics
- Guangdong Shunde Shunyan New Material
- Enviroplas
- Lotte Chemical
Highlights of The Acrylonitrile Styrene Acrylate for Automotive 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:
- Betting Grade
- Heat-resistant Grade
- By Application:
- Automotive Interior
- Automotive Exterior
- 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 Acrylonitrile Styrene Acrylate for Automotive 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
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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?
Acrylonitrile styrene acrylate is a type of adhesive that is used in automotive applications. It is a strong adhesive that can be used to attach parts together.
Some of the key players operating in the acrylonitrile styrene acrylate for automotive market are Chimei, Styrolution, LG Chemical, SABIC, Formosa, Mitsui Plastics, Guangdong Shunde Shunyan New Material, Enviroplas, Lotte Chemical.
The acrylonitrile styrene acrylate for automotive market is expected to grow at a compound annual growth rate of 5.4%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Acrylonitrile Styrene Acrylate for Automotive Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Acrylonitrile Styrene Acrylate for Automotive Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Acrylonitrile Styrene Acrylate for Automotive Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Acrylonitrile Styrene Acrylate for Automotive Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Acrylonitrile Styrene Acrylate for Automotive Market Size & Forecast, 2020-2028
4.5.1 Acrylonitrile Styrene Acrylate for Automotive Market Size and Y-o-Y Growth
4.5.2 Acrylonitrile Styrene Acrylate for Automotive Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Betting Grade
5.2.2 Heat-resistant Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive Interior
6.2.2 Automotive Exterior
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Acrylonitrile Styrene Acrylate for Automotive Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Acrylonitrile Styrene Acrylate for Automotive Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Betting Grade
9.6.2 Heat-resistant Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive Interior
9.10.2 Automotive Exterior
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Betting Grade
10.6.2 Heat-resistant Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive Interior
10.10.2 Automotive Exterior
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Betting Grade
11.6.2 Heat-resistant Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive Interior
11.10.2 Automotive Exterior
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Betting Grade
12.6.2 Heat-resistant Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive Interior
12.10.2 Automotive Exterior
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Betting Grade
13.6.2 Heat-resistant Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive Interior
13.10.2 Automotive Exterior
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Acrylonitrile Styrene Acrylate for Automotive Market: Competitive Dashboard
14.2 Global Acrylonitrile Styrene Acrylate for Automotive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chimei
14.3.2 Styrolution
14.3.3 LG Chemical
14.3.4 SABIC
14.3.5 Formosa
14.3.6 Mitsui Plastics
14.3.7 Guangdong Shunde Shunyan New Material
14.3.8 Enviroplas
14.3.9 Lotte Chemical
