The global styrene-acrylonitrile (SAN) resins market is expected to witness healthy growth over the forecast period owing to developing end-use industries such as plastics, cosmetics, medical and batteries cases. Styrene-acrylonitrile (SAN) resin is a kind of copolymer containing styrene and acrylonitrile. Styrene-acrylonitrile resins are made up of 20%-30% acrylonitrile and rest i.e. 70%-80% is styrene. They are produced by continuous mass polymerization, suspension, and emulsion. Styrene-acrylonitrile resins are mostly preferred on account of its properties such as high rigidity, decent flow, chemical resistance, high heat resistance, worthy dimensional stability, and good processability. In addition, these resins are brittle in nature and optically transparent. Material containing styrene-acrylonitrile resins offers production ease, high performance, economic feasibility, and design versatility. Styrene-acrylonitrile materials also have safety benefits along with superior hygiene property. Therefore, such favorable factors are expected to widen SAN applications in end-use industries globally. SAN are somehow similar to polystyrene but in comparison with polystyrene, styrene-acrylonitrile resins have high processing temperature, more flammable than polystyrene, has low impact strength and possesses high water absorption ability. Styrene-acrylonitrile resins are used in a variety of applications such as electronic lenses, air conditioner impellers, dials switches, marine instruments, cups, housewares, meter covers, tractor components, cups, radios, automotive trim, industrial battery cases and swimming pool components. They are also widely used by the personal care industry namely in bottle caps, lipstick tubes, nozzles, and compact cases owing to good packaging property. Styrene-acrylonitrile resins are gaining acceptance in the global medical sector on account of its major application in medical light diffusers, autoclavable devices, and dental applications. Owing to properties such as greater dimensional stability, high resistance from acid and alkali, and great strength, styrene-acrylonitrile resins are mostly preferred in plastic used in industry and offices. Other important styrene-acrylonitrile applications are in printers, lamps, drawing equipment, calculators, cylindrical impellers for air-conditioners, and writing materials.
The global styrene-acrylonitrile (SAN) resins market is segmented on the basis of application. The application segment is further sub-segmented into medical sector, consumer goods, and cosmetics. The medical sector consist of various medical tools in which styrene-acrylonitrile (SAN) resins are used.
Asia Pacific was holding the major styrene-acrylonitrile (SAN) resins market share and is expected to continue this trend over the forecast period owing to urbanization coupled with rising GDP, high demand from end-use industries along with their development in countries such as India and China. Being the largest styrene-acrylonitrile consumer, China is expected to be the biggest and fastest-growing styrene-acrylonitrile (SAN) resins market in Asia Pacific. Styrolution opened its new styrene-acrylonitrile resins production unit in Gujarat, India in order to meet the end user demand. Inactive demand from houseware and electronic industries in Japan is anticipated to witness a slow market growth over the forecast period. On account of market saturation, North America and Europe are expected to witness stagnant market growth over the forecast period. Transportation and appliance industries are some end-use industries expected to drive styrene-acrylonitrile resins market growth in the U.S. Italy, Germany, and France. The appliance industry is the major styrene-acrylonitrile (SAN) resins market application in Europe which is expected to augment the market over the forecast period mainly in Germany and France.
Global styrene-acrylonitrile (SAN) resins market players include Styrolution, INEOS, Techno Polymer, Samsung Cheil Industries, Toray Industries, Ningbo LG Yongxing Chemical, Styron, Chi Mei Corporation, Sabic Innovative Plastics, China National Petroleum, Formosa Plastics Group, Tianjin Dagu Chemicals, and Petro China. The global styrene-acrylonitrile (SAN) resins market is highly consolidated in nature. Industry participants are expected to follow various strategies, especially on business expansion, product line enhancement, increasing plant capacity on account of huge demand from end-use industries including medical, cosmetics, and electronics.
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The global COVID-19 pandemic has led to a sudden pause to manufacturing activities across the globe, affecting the demand for plastics and also production & processing of them. The most critically impacted end-use segments of the plastics industry include automotive & transportation, consumer goods, industrial equipment, construction, and electronics. The report will account for Covid19 as a key market contributor.