Global Acrylonitrile Styrene Acrylate Market 2019-2023

Global Acrylonitrile Styrene Acrylate Market 2019-2023

About this market

The increasing use of acrylonitrile styrene acrylate in the production of various automotive components, including interior parts, instrument panel, lighting components, hoods, and electrical parts, is expected to foster the growth of the market during the forecast period. Properties such as surface finish, high tensile strength, stability, and resistance to chemicals make acrylonitrile styrene acrylate suitable for the abovementioned applications. Acrylic styrene acrylonitrile is used in the production of automotive exterior components such as radiator grills and mirror housing. Thermoformed plastics such as acrylonitrile styrene acrylate, help reduce vehicle weight and improve the fuel efficiency of vehicles. Regulations on fuel efficiency compel automobile manufacturers to reduce the overall weight of the vehicles by using acrylic styrene acrylonitrile. Technavio’s analysts have predicted that the acrylonitrile styrene acrylate market will register a CAGR of over 2% by 2023.

Market Overview

Superior properties of acrylonitrile styrene acrylate

Acrylonitrile styrene acrylate exhibits better performance and efficiency than other styrene copolymers and is thus used in various end-user industries such as automobile, construction, and home appliances. It is more cost-effective, chemically resistant, and durable than other styrene copolymers such as acrylonitrile butadiene styrene. High surface quality, better impact strength, and UV resistance make it suitable for various exterior applications such as window profiling and siding.

Increase in raw material prices

Acrylonitrile, styrene, and acrylate are some of the primary raw materials required to produce acrylonitrile styrene acrylate. An increase in acrylonitrile prices will raise the production cost of acrylonitrile styrene acrylate. The increased turnaround time and production bottlenecks of acrylonitrile plants have contributed to the tight supply. The increased prices of acrylonitrile push acrylonitrile styrene acrylate vendors to cut production rates, which will hinder the market growth.

For the detailed list of factors that will drive and challenge the growth of the acrylonitrile styrene acrylate market during 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented. The presence of several companies, including Chi Mei Corp. and INEOS AG, the competitive environment is quite intense. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies. LANXESS AG, LG Chem Ltd., and SABIC are some of the major companies covered in this report.


Companies Mentioned

Chi Mei Corp.

INEOS AG

LANXESS AG

LG Chem Ltd.

SABIC

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global specialty chemicals market
      • Table Segments of global specialty chemicals market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Automotive - Market size and forecast 2018-2023
      • Table Automotive - Market size and forecast 2018-2023 ($ millions)
      • Table Automotive - Year-over-year growth 2019-2023 (%)
    • Consumer electronics - Market size and forecast 2018-2023
      • Table Consumer electronics - Market size and forecast 2018-2023 ($ millions)
      • Table Consumer electronics - Year-over-year growth 2019-2023 (%)
    • Construction - Market size and forecast 2018-2023
      • Table Construction - Market size and forecast 2018-2023 ($ millions)
      • Table Construction - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Some properties and applications of acrylonitrile styrene acrylate
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Increased preference for in-mold painting technology in automobile industry
    • Growing demand for battery components
    • Increase in demand from additive manufacturing
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Chi Mei Corp.
      • Table Chi Mei Corp. - Vendor overview
      • Table Chi Mei Corp. - Product segments
      • Table Chi Mei Corp. - Key offerings
    • INEOS AG
      • Table INEOS AG - Vendor overview
      • Table INEOS AG - Business segments
      • Table INEOS AG - Organizational developments
      • Table INEOS AG - Key offerings
    • LANXESS AG
      • Table LANXESS AG - Vendor overview
      • Table LANXESS AG - Business segments
      • Table LANXESS AG - Organizational developments
      • Table LANXESS AG - Geographic focus
      • Table LANXESS AG - Segment focus
      • Table LANXESS AG - Key offerings
    • LG Chem Ltd.
      • Table LG Chem Ltd. - Vendor overview
      • Table LG Chem Ltd. - Business segments
      • Table LG Chem Ltd. - Geographic focus
      • Table LG Chem Ltd. - Segment focus
      • Table LG Chem Ltd. - Key offerings
    • SABIC
      • Table SABIC - Vendor overview
      • Table SABIC - Business segments
      • Table SABIC - Organizational developments
      • Table SABIC - Geographic focus
      • Table SABIC - Segment focus
      • Table SABIC - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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