Market Overview:
The global heat resistance ASA resin market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for heat resistant ASA resins from various end-use industries such as automotive, home appliances, high-end consumer electronics and others. In terms of type, the blow molding segment is expected to account for a major share of the global heat resistance ASA resin market during the forecast period. This can be attributed to its ability to withstand high temperatures and offer superior mechanical properties as compared with other types of resins. In terms of application, the automotive segment is expected to account for a major share of the global heat resistance ASA resin market during the forecast period.
Product Definition:
ASA resin is a synthetic polymer that has high heat resistance. It is used in products such as automotive parts, electrical insulation, and construction materials.
Blow Molding:
Blow molding is a process of creating hollow plastic parts or products by using air as the working medium. It's major application includes making containers and bottles for food & beverages, pharmaceuticals, household chemicals among others. The technology has been around for more than 60 years but its recent boom can be attributed to the advent of high-performance polymers and cheap computer controlled machines that make production much faster and efficient.
Injection Molding:
Injection molding is a process of creating three-dimensional parts and components from plastic or other materials through the use of injection molding machines. In this process, molten metal or liquid polymer is forced into a closed container where it cools to form the desired shape.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Automotive industry utilizes a large amount of plastic components which need to be able to withstand high temperatures. ASA resins are used for manufacturing automotive parts such as instrument panel, engine cover, air intake manifold, transmission case cover and many more.
The home appliances segment is expected to register a significant growth rate over the forecast period owing to increasing demand for energy-efficient products across various end-use industries including construction & building materials, electrical & electronics and transportation systems. Home appliances that utilize plastic components require heat resistance resins since they are exposedto extreme temperature conditions while handling hot water or during cooking operations with gas burners or electric cooktops. The aforementioned factors are anticipated tobuild awareness regarding heat resistance ASA resin among manufacturers thereby spurring market growth over the next few years.
High-end consumer electronics include mobile phones, digital cameras/camcorders etc.
Regional Analysis:
North America emerged as the largest regional market in 2017. The region is expected to dominate the global industry over the forecast period owing to increasing demand from various end-use industries, such as automotive and home appliances. In addition, rising consumer disposable income levels and high standard of living are anticipated to fuel product demand in North America during the forecast period.
Asia Pacific is projected to be one of fastest growing regions with a CAGR exceeding 5% during the forecast years on account of rapid industrialization along with developing economies such as China, India, Indonesia & Thailand (ICT) and Malaysia & Vietnam (VNI). Furthermore, favorable government policies aimed at promoting domestic manufacturing output are estimated to further drive heat resistance ASA resin consumption across Asia Pacific over the coming years.
Growth Factors:
- Increasing demand from end-use industries such as automotive, electrical and electronics, and construction
- Growing demand for lightweight and high-performance materials in the automotive sector
- Rising awareness about the benefits of heat resistance ASA resin among consumers
- Technological advancements that have led to the development of new applications for heat resistance ASA resin
- The increasing popularity of composites over traditional materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Heat Resistance ASA Resin Market Research Report
By Type
Blow Molding, Injection Molding
By Application
Automotive, Home Appliances, High-end Consumer Electronics, Others
By Companies
LG Chem, Chi Mei Corporation, Ineos Styrolution Group, SABIC, Techno-UMG Co., Ltd., KUMHO-SUNNY, Formosa Chemicals & Fibre Corporation, NIPPON A&L, LOTTE Advanced Materials, Schulman (LyondellBasell), LG Chem, SAX Polymers Industries, Technoform, Run Feng Sci.&Tech, Shandong Novista Chemicals
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
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Heat Resistance ASA Resin Market Report Segments:
The global Heat Resistance ASA Resin market is segmented on the basis of:
Types
Blow Molding, Injection Molding
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, Home Appliances, High-end Consumer Electronics, 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
- Chi Mei Corporation
- Ineos Styrolution Group
- SABIC
- Techno-UMG Co., Ltd.
- KUMHO-SUNNY
- Formosa Chemicals & Fibre Corporation
- NIPPON A&L
- LOTTE Advanced Materials
- Schulman (LyondellBasell)
- LG Chem
- SAX Polymers Industries
- Technoform
- Run Feng Sci.&Tech
- Shandong Novista Chemicals
Highlights of The Heat Resistance ASA 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:
- Blow Molding
- Injection Molding
- By Application:
- Automotive
- Home Appliances
- High-end Consumer Electronics
- 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 Heat Resistance ASA 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?
ASA resin is a type of thermoplastic resin that has excellent heat resistance. This means that ASA resin can withstand high temperatures without breaking or becoming brittle. ASA resin is often used in products that need to resist heat and weathering, such as outdoor signs and banners.
Some of the major companies in the heat resistance asa resin market are LG Chem, Chi Mei Corporation, Ineos Styrolution Group, SABIC, Techno-UMG Co., Ltd., KUMHO-SUNNY, Formosa Chemicals & Fibre Corporation, NIPPON A&L, LOTTE Advanced Materials, Schulman (LyondellBasell), LG Chem, SAX Polymers Industries, Technoform, Run Feng Sci.&Tech, Shandong Novista Chemicals.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heat Resistance ASA Resin 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 Heat Resistance ASA Resin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heat Resistance ASA Resin 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 Heat Resistance ASA Resin 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 Heat Resistance ASA Resin Market Size & Forecast, 2018-2028
4.5.1 Heat Resistance ASA Resin Market Size and Y-o-Y Growth
4.5.2 Heat Resistance ASA Resin Market Absolute $ Opportunity
Chapter 5 Global Heat Resistance ASA Resin 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 Heat Resistance ASA Resin Market Size Forecast by Type
5.2.1 Blow Molding
5.2.2 Injection Molding
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Heat Resistance ASA Resin 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 Heat Resistance ASA Resin Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Home Appliances
6.2.3 High-end Consumer Electronics
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heat Resistance ASA Resin 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 Heat Resistance ASA Resin 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 Heat Resistance ASA Resin Analysis and Forecast
9.1 Introduction
9.2 North America Heat Resistance ASA Resin 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 Heat Resistance ASA Resin Market Size Forecast by Type
9.6.1 Blow Molding
9.6.2 Injection Molding
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 Heat Resistance ASA Resin Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Home Appliances
9.10.3 High-end Consumer Electronics
9.10.4 Others
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 Heat Resistance ASA Resin Analysis and Forecast
10.1 Introduction
10.2 Europe Heat Resistance ASA Resin 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 Heat Resistance ASA Resin Market Size Forecast by Type
10.6.1 Blow Molding
10.6.2 Injection Molding
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 Heat Resistance ASA Resin Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Home Appliances
10.10.3 High-end Consumer Electronics
10.10.4 Others
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 Heat Resistance ASA Resin Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Heat Resistance ASA Resin 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 Heat Resistance ASA Resin Market Size Forecast by Type
11.6.1 Blow Molding
11.6.2 Injection Molding
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 Heat Resistance ASA Resin Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Home Appliances
11.10.3 High-end Consumer Electronics
11.10.4 Others
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 Heat Resistance ASA Resin Analysis and Forecast
12.1 Introduction
12.2 Latin America Heat Resistance ASA Resin 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 Heat Resistance ASA Resin Market Size Forecast by Type
12.6.1 Blow Molding
12.6.2 Injection Molding
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 Heat Resistance ASA Resin Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Home Appliances
12.10.3 High-end Consumer Electronics
12.10.4 Others
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) Heat Resistance ASA Resin Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Heat Resistance ASA Resin 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) Heat Resistance ASA Resin Market Size Forecast by Type
13.6.1 Blow Molding
13.6.2 Injection Molding
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) Heat Resistance ASA Resin Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Home Appliances
13.10.3 High-end Consumer Electronics
13.10.4 Others
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 Heat Resistance ASA Resin Market: Competitive Dashboard
14.2 Global Heat Resistance ASA Resin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LG Chem
14.3.2 Chi Mei Corporation
14.3.3 Ineos Styrolution Group
14.3.4 SABIC
14.3.5 Techno-UMG Co., Ltd.
14.3.6 KUMHO-SUNNY
14.3.7 Formosa Chemicals & Fibre Corporation
14.3.8 NIPPON A&L
14.3.9 LOTTE Advanced Materials
14.3.10 Schulman (LyondellBasell)
14.3.11 LG Chem
14.3.12 SAX Polymers Industries
14.3.13 Technoform
14.3.14 Run Feng Sci.&Tech
14.3.15 Shandong Novista Chemicals
