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Published Date: 2016-03-18Number of Pages: 130

Styrene Acrylonitrile (SAN) Resins Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Global Styrene Acrylonitrile (SAN) Resins Market: Snapshot

The growth of the consumer electronics industry is the primary factor driving the demand for styrene acrylonitrile resins. SAN resins are widely used in consumer electronics, including PCs, TVs, most handheld devices, and personal care products. Consequently, the current growth in smartphone sales is providing SAN resins manufacturers a good chance for generating optimum revenues. Additionally, the future demand for styrene acrylonitrile resins could come from its growing use in packaging for personal care products.

The global styrene acrylonitrile (SAN) resins market is thus expected to be valued around US$2.8 bn by the end of 2024. This market was recorded at US$2 bn in 2015 and is projected to expand at a CAGR of 4.0% within a forecast period from 2016 to 2024, in terms of revenue. By volume, this global market is progressing at a CAGR of 3.0% within the same forecast frame.

Asia Pacific Holds Better Part of Demand for SAN Resins

In 2015, the Asia Pacific region accounted for nearly 54% of the global styrene acrylonitrile resins volume. This market share is expected to rise even further by 2024, owing to the massive demand for SAN resins shown by China. China has been the largest consumer of SAN resins in the past ten years and is expected to remain the dominant consumer till 2024. The nations holds major opportunities for SAN resins producers due to its low cost of operations in the plastics industry, coupled with the heavy investments in it. Most players regard China as the most attractive market in the world for styrene acrylonitrile resins.

North America and Europe are showing similar trends in SAN resins demand. Both regions are ramping up their SAN resins consumption in the industries of consumer goods and packaging. Consumer goods will remain the fastest growing end user across all regions.

The U.S. is the largest country in North America, in terms of SAN resins consumption, and was the second-largest consumer of SAN resins in the world in 2015, after China. The U.S. is expected to maintain a high growth rate of SAN resins production over the coming years in terms of volume. On the other hand, Japan as a consumer of SAN resins has already matured and will show a sluggish rate till 2024.

SAN Resins Manufacturers to Profit from High Consumer Goods Demand

Consumer goods was the top consumer of SAN resins in 2015. The fact that the rate of sales of consumer goods have improved across the world have opened new avenues for manufacturers to invest in SAN resins demand. The consumer electronics industry has an especially large hand to play in the development of SAN resins demand. This can be seen through the extremely high demand for styrene acrylonitrile resins in the manufacture of handheld devices, personal computers, and televisions. The consumer goods industry is expecting a positive future owing to improving economic conditions and disposable incomes in emerging economies, the growing use of advanced technologies and materials, and the reduction in product prices through healthy competition. Some of the top manufacturers of SAN resins globally, are LG Chem, Techno Polymer Co., Ltd., SABIC, and INOES Styrolution Group GmbH.


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
  • 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
  • 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
    • 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
    • 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
    • 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
    • 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
  • Formosa Chemicals & Fiber Corporation

Chapter 8 List of Potential Customers

Chapter 9 Primary Research – Key Findings

The report analyzes and forecasts the styrene acrylonitrile resins market on the global and regional level. The study provides historic data of 2015 along with forecast from 2016 to 2024 based on volume (kilo tons) and revenue (US$ Mn). 

The study provides a decisive view of the styrene acrylonitrile resins market by dividing it into end-user and regional segments. End-user segments have been analyzed based on current trends and future potential. The market has been estimated from 2016 to 2024 in terms of volume (kilo tons) and revenue (US$ Mn). Regional segmentation includes current and forecast demand for SAN resins North America, Europe, Rest of Asia Pacific, Latin America, and Middle East & Africa. These regions have been further sub-segmented into countries and sub-regions with relevance to the market. Segmentation also includes demand for individual end-user type in all the regions. 

The study covers drivers and restraints governing the dynamics of the market along with their impact on demand during the forecast period. Additionally, the report comprises opportunities in the styrene acrylonitrile resins market on the global and regional level. 

The report includes detailed value chain analysis to provide a comprehensive view of the styrene acrylonitrile resins market. Analysis of Porter’s Five Forces model has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications have been benchmarked based on their market size, growth rate, and general attractiveness for future growth. 

The market has been forecast based on constant currency rates. Prices of styrene acrylonitrile resins vary in each region and are a result of the demand-supply scenario in the region. Hence, a similar volume-to-revenue ratio does not follow for each individual region. Individual pricing of styrene acrylonitrile resins for each end-user has been taken into account while estimating and forecasting market revenue on the global level. Regional average price has been considered while breaking down the market into end-user segments in each region. 

The report provides the size of the styrene acrylonitrile resins market in 2015 and the forecast for the next eight years. Size of the global styrene acrylonitrile resins market has been provided in terms of volume and revenue. Market volume has been defined in kilo tons, while market revenue for regions is in US$ Mn. Market size and forecast for each end-user segment has been provided in the context of the global and regional market. Numbers provided in the report are derived based on demand generated from different end-users. Market dynamics prevalent in North America and Europe have been taken into account for estimating growth of the global SAN resins market. 

Market estimates for this study have been based on volume, with revenue being derived through regional pricing trends. Prices of commonly utilized grades of styrene acrylonitrile resins in each end-user have been considered, and customized end-user pricing has not been included. Demand for styrene acrylonitrile resins has been derived by analyzing the global and regional demand for styrene acrylonitrile resins in each end-user. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers based on manufacturers’ feedback and application requirement. Forecasts have been based on expected demand in styrene acrylonitrile resins end-users. 

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players include LG Chem Ltd., INOES Styrolution Group GmbH, SABIC, TRINSEO S.A., Chi Mei Corporation, Techno Polymer Co., Ltd., INEOS ABS (USA) Corporation, and Formosa Chemicals & Fiber Corporation. Company profiles comprise attributes such as company overview, brand overview, financial overview (in terms of financial year), business strategies, and recent/key developments. 

The report segments the global styrene acrylonitrile market as follows:

Styrene Acrylonitrile Resins Market - End-user Analysis

  • Consumer goods
  • Electrical & electronic appliances
  • Packaging
  • Automotive
  • Building & construction
  • Others (Including medical, graft polyols, etc.) 

Styrene Acrylonitrile Resins Market - Regional Analysis

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • Germany
    • Italy
    • France
    • U.K.
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East and Africa
    • GCC
    • South Africa
    • Rest of MEA