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China to Provide Major Impetus to Styrene Acrylonitrile (SAN) Resins Production, Says TMR

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The global styrene acrylonitrile resins market is moderately consolidated, where top players own large shares while a larger number of small and mid-sized producers operate in some of the most fruitful regions for SAN resins demand, including China
Transparency Market
Research
Styrene Acrylonitrile (SAN) Resins Market - Global
Industry Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2024
Published Date
18-March-2016
130 Page Report
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Press Release
China to Provide Major Impetus to Styrene Acrylonitrile
(SAN) Resins Production, Says TMR
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Styrene Acrylonitrile (SAN) Resins
Market
REPORT DESCRIPTION
Styrene Acrylonitrile (SAN) Resins Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2024
The global styrene acrylonitrile resins market is moderately consolidated, where top players own large shares
while a larger number of small and mid-sized producers operate in some of the most fruitful regions for SAN
resins demand, including China and India. INEOS Styrolution Group GmbH, Trinseo S.A., and Asahi Kasei
were the top three manufacturers of SAN resins in 2015, with a collective share of 35.7% in revenue.
Till 2024, the overall competition for a greater market share is expected to remain high, states Transparency
Market Research (TMR) in a new report.
Packaging is expected to remain the one of the most attractive industries for the demand of styrene
acrylonitrile resins since 2015. A massive range of end-user industries include packaging as a major aspect of
their products, thereby allowing a greater number of SAN resins producers to gain market share.
Other fields that will demand a higher proportion of styrene acrylonitrile resins include electrical and
electronics, automotive, and construction industries. According to TMR, the auto industry is expected to show
the slowest growth rate out of all end users, and market players are advised to look for future signs of market
saturation.
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Global SAN Resins Producers Seek Major Opportunities in China
“China is the world’s largest market for styrene acrylonitrile resins and a top converter as well as producer of
plastics,” states a TMR analyst. “In 2013, this nation alone held nearly 25% of the global share of plastic
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production by volume. This is why producers of SAN resins are all hoping to get in on the action in China,” the
analyst adds.
The China plastic industry has consistently worked on high investments and low operating costs, making it an
extremely lucrative location for most plastic raw material providers. This region has shown a staggering growth
rate over the past decade, which implies keeping a high rate of plastics production rates though the economic
meltdown that hit the world in 2009.
Rigid Packaging for Personal Care Products Possess Major Opportunity for SAN Resins Demand
Another industry out to make a wide scale use of styrene acrylonitrile resins is the packaging industry, more
specifically, the packaging industry for personal care products. Rigid packaging is gaining preference and
momentum in the personal care products industry, owing to the addition of a better caliber of shape and
aesthetic value to it.
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Additionally, the personal care industry is one of the fastest-growing FMCG industries in the world today.
Similar opportunities for SAN resins demand growth lie in the pharmaceutical packaging industry.
Consumer Goods Industry Remains Top End User for SAN Resins
The segment of consumer goods is expanding at a CAGR of 3.5% from 2016 to 2024. It is set to be the
fastest-growing end user segment for SAN resins throughout the above forecast period, owing to the very high
priorities set by the retail industry on packaging aesthetics and product integrity.
This demand is a key contributor to the 4.0% CAGR expressed by the global styrene acrylonitrile resins market
between 2016 and 2024, in terms of revenue. By 2024, the global SAN resins market is expected to reach
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Styrene Acrylonitrile (SAN) Resins
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US$2.8 bn and was pegged at US$2 bn in 2015. Asia Pacific is expected to increase its market share of
volume in this market, which was rated at 54.1% in 2015, owing to the high demand for SAN resins in China.
The above data was collated from a research report released by TMR, titled “Styrene Acrylonitrile (SAN)
Resins Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
Key Segments of the Global Styrene Acrylonitrile (SAN) Resins Market
Global Styrene Acrylonitrile Resins Market, By End-users:
•
Appliances
•
Electrical and Electronics
•
Automotive
•
Consumer Goods
•
Buildings and Construction
•
Others
Global Styrene Acrylonitrile Resins Market, By Region:
•
North America
•
Asia Pacific
•
Europe
•
Latin America
•
Middle East and Africa
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TABLE OF CONTENT
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Market
Chapter 1 Preface
Report Description
Research Scope
Assumptions
Market Segmentation
Research Methodology
Chapter 2 Executive Summary
Global Styrene Acrylonitrile Resins Market, 2015 - 2024, (Kilo Tons) (US$ Mn)
Styrene Acrylonitrile Resins : Market Snapshot
Chapter 3 Styrene Acrylonitrile Resins Market– Industry Analysis
Introduction
Value Chain Analysis
Market Drivers
Rising demand for consumer electronics set to drive market for SAN resins
Increasing demand and production of plastic products in China drives the global SAN resins market
Restraints
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Availability of numerous substitute products acts as a restraint for SAN resins market
Opportunity
Cosmetics and personal care packaging set to provide impetus to the market
Porter’s Five Forces Analysis
Bargaining Power of Suppliers
Bargaining Power of Buyers
Threat of New Entrants
Threat of Substitutes
Degree of Competition
Styrene Acrylonitrile Resins : Market Attractiveness Analysis - By End-user Segment
Styrene Acrylonitrile Resins : Market Attractiveness Analysis - By Country
Styrene Acrylonitrile Resins : Company Market Share Analysis, 2015
Chapter 4 Price Trend Analysis
Manufacturing Process of Styrene Acrylonitrile Resins
Raw Material Price Trend Analysis
Chapter 5 Styrene Acrylonitrile Resins Market: End-user Overview
Styrene Acrylonitrile Resins Market: By End-user, 2015–2024
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Global Styrene Acrylonitrile Resins Market for Consumer Goods (Kilo Tons) (US$ Mn), 2015–2024
Global Styrene Acrylonitrile Resins Market for Electrical & Electronic Appliances (Kilo Tons) (US$ Mn), 2015–
2024
Global Styrene Acrylonitrile Resins Market for Packaging (Kilo Tons) (US$ Mn), 2015–2024
Global Styrene Acrylonitrile Resins Market for Automotive (Kilo Tons) (US$ Mn), 2015–2024
Global Styrene Acrylonitrile Resins Market for Building & Construction (Kilo Tons) (US$ Mn), 2015–2024
Global Styrene Acrylonitrile Resins Market for Others (Kilo Tons) (US$ Mn), 2015–2024
Chapter 6 Styrene Acrylonitrile Resins Market - Regional Analysis
Global Personal Care Ingredients Market: Regional Overview
North America Styrene Acrylonitrile Resins Market – By Regional Sub-segment, 2015–2024
North America Styrene Acrylonitrile Resins Market
North America Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
North America Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
U.S. Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
U.S. Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
Rest of North America Styrene Acrylonitrile Resins Market
Rest of North America Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–
2024
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Rest of North America Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–
2024
Europe Styrene Acrylonitrile Resins Market, by Regional Sub-segment, 2015–2024
Europe Styrene Acrylonitrile Resins Market
Europe Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
Europe Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
Germany Styrene Acrylonitrile Resins Market
Germany Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
Germany Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
Italy Styrene Acrylonitrile Resins Market
Italy Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
Italy Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
France Styrene Acrylonitrile Resins Market
France Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
France Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
U.K. Styrene Acrylonitrile Resins Market
U.K. Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
U.K. Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
Spain Styrene Acrylonitrile Resins Marke
Spain Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
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Spain Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
Rest of Europe Styrene Acrylonitrile Resins Market
Rest of Europe Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
Rest of Europe Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
Asia Pacific Styrene Acrylonitrile Resins Market, by Regional Sub-segment, 2015–2024
Asia Pacific Styrene Acrylonitrile Resins Market
Asia Pacific Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
Asia Pacific Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
China Styrene Acrylonitrile Resins Market
China Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
China Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
Japan Styrene Acrylonitrile Resins Market
Japan Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
Japan Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
ASEAN Styrene Acrylonitrile Resins Market
ASEAN Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
ASEAN Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
Rest of Asia Pacific Styrene Acrylonitrile Resins Market
Rest of Asia Pacific Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
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Rest of Asia Pacific Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
Latin America Styrene Acrylonitrile Resins Market, by Regional Sub-segment, 2015–2024
Latin America Styrene Acrylonitrile Resins Market
Latin America Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
Latin America Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
Brazil Styrene Acrylonitrile Resins Market
Brazil Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
Brazil Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
Rest of Latin America Styrene Acrylonitrile Resins Market
Rest of Latin America Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–
2024
Rest of Latin America Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–
2024
Middle East & Africa (MEA) Styrene Acrylonitrile Resins Market, by Regional Sub-segment, 2015–2024
Middle East & Africa Styrene Acrylonitrile Resins Market
Middle East & Africa Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–
2024
Middle East & Africa Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–
2024
GCC Styrene Acrylonitrile Resins Market
GCC Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
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GCC Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
South Africa Styrene Acrylonitrile Resins Market
South Africa Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons), 2015–2024
South Africa Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn), 2015–2024
Rest of Middle East & Africa Styrene Acrylonitrile Resins Market
Rest of Middle East & Africa Styrene Acrylonitrile Resins Market, Volume by End-user Segment (Kilo Tons),
2015–2024
Rest of Middle East & Africa Styrene Acrylonitrile Resins Market, Revenue by End-user Segment (US$ Mn),
2015–2024
Chapter 7 Company Profiles
INOES Styrolution Group GmbH
TRINSEO S.A.
LG Chem Ltd.
INEOS ABS (USA) Corporation
SABIC
Chi Mei Corporation
Asahi Kasei Corporation
Techno Polymer Co., Ltd.
Toyo Engineering Corporation
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Formosa Chemicals & Fiber Corporation
Chapter 8 List of Potential Customers
Chapter 9 Primary Research – Key Findings
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