The new report by Expert Market Research titled, ‘Global Styrene Acrylonitrile Copolymer Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global styrene acrylonitrile copolymer market, assessing the market based on its segments like application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/styrene-acrylonitrile-copolymer-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 2.1 Billion
- Forecast CAGR (2021-2026): 5.8%
- Forecast Market Size (2026): USD 2.9 Billion
The consumer products category accounts for a considerable portion of the styrene acrylonitrile copolymer industry in terms of end use. It is also the product’s fastest-growing end-use sector. In the manufacturing of toothbrush handles, hangers, food containers, computers, televisions, and mobile devices, styrene acrylonitrile resins are in high demand, which is predicted to boost the product’s market growth. Furthermore, during the projection period, the styrene acrylonitrile copolymer sector is likely to profit from growing demand for electrical and electronic equipment.
The Asia Pacific region is predicted to grow strongly during the projected period. The region, led by China, has the greatest market share for styrene acrylonitrile copolymer due to increased urbanisation and GDP growth. Improved economic conditions, rising disposable income, and the expansion of the region’s electronic and consumer goods industries are all predicted to boost product demand.
Industry Definition and Major Segments
Styrene acrylonitrile resin is a copolymer plastic made up of styrene and acrylonitrile. Another name for it is SAN. It is frequently used to replace polystyrene due to its higher thermal resistance.
Explore full report with table of contents: https://www.expertmarketresearch.com/reports/styrene-acrylonitrile-copolymer-market
Based on application, the market can be broadly categorised into:
- Medical Sector
- Consumer Goods
The global regions for styrene acrylonitrile copolymer market include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The development of end-use sectors such as cosmetics, medical, plastics, and packaging, among others, is assisting the market for styrene acrylonitrile copolymer. Furthermore, the expanding usage of styrene acrylonitrile in medical applications such as dental equipment, autoclavable devices, and medical light diffusers is a major driver for the expansion of the styrene acrylonitrile copolymer business. As a result, the medical industry’s expansion is likely to have a substantial impact on the industry’s expansion. Furthermore, the product is widely utilised in the fabrication of plastics used in industry and offices due to its high strength, dimensional stability, and alkali resistance.
The adoption of modern materials and technology, as well as capacity expansion by key industry players, are projected to help the market grow throughout the forecast period. Furthermore, rising product demand in the cosmetics industry for usage in compact and lipstick case packaging, as well as a growing preference for rigid packaging in personal care goods, are likely to add to industry growth.
Key Market Players
The major players in the market are Ineos Group Ltd, LG Chem Ltd, RTP Company, Trinseo S.A., Chi Mei Corporation, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Conductive Polymers Market: https://www.expertmarketresearch.com/reports/conductive-polymers-market
Biodegradable Plastic Market: https://www.expertmarketresearch.com/reports/biodegradable-plastic-market
Silicone Oil Market: https://www.expertmarketresearch.com/reports/silicone-oil-market
Plastic Market: https://www.expertmarketresearch.com/reports/plastic-market
Fibre Reinforced Polymer Market: https://www.expertmarketresearch.com/reports/fibre-reinforced-polymer-market
Microcrystalline Cellulose (MCC) Market: https://www.expertmarketresearch.com/reports/microcrystalline-cellulose-mcc-market
Polyethylene Furanoate Market: https://www.expertmarketresearch.com/reports/polyethylene-furanoate-market
Plastic Fillers Market: https://www.expertmarketresearch.com/reports/plastic-fillers-market
Ultra-High Molecular Weight Polyethylene Market: https://www.expertmarketresearch.com/reports/ultra-high-molecular-weight-polyethylene-market
Industrial Rubber Market: https://www.expertmarketresearch.com/reports/industrial-rubber-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
Email: [email protected]
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Country: United States
**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
Also visit: Procurement Intelligence