Global Styrene Acrylonitrile (SAN) Resins Market Emerging Trends, Growth and Distributor Analysis up to 2021
Global Styrene Acrylonitrile (SAN) Resins market is segmented on
the basis of product type, applications and geography. Styrene acrylonitrile
(SAN) resin is a copolymer comprising acrylonitrile and styrene. Some features
include good chemical resistance, high clarity, high rigidity, good dimensional
stability, good flow, good process ability and high heat resistance among
others. Styrene acrylonitrile resin is identical in use to polystyrene. These
resins are yellowish in color and lose the transparency post injection molding.
Styrene acrylonitrile resin based materials ensure high performance,
versatility of design, simplicity of production and economy. They also possess
superior hygiene and safety benefits. However, styrene acrylonitrile resins
have higher water retention than polystyrene, higher processing temperature,
low impact strength and are flammable with smoke induction.
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Styrene acrylonitrile resins are extensively used in medical
applications such as autoclavable devices, dental and medical light diffusers.
Further important applications include lamps, calculators, printers, writing
and drawing equipment, cylindrical impellers for air-conditioners and scales
among others. The consumption of styrene acrylonitrile resins had seen a major
setback during the recession. However, the world consumption of styrene
acrylonitrile resins is expected to grow in the coming years especially in
emerging markets such as China. The demand for styrene acrylonitrile resins
will be driven by applications in appliances, consumer goods, cosmetics and
medical tools. The growth of styrene acrylonitrile resin industry is expected
to be strong in Asia Pacific. The increasing GDP growth rates and urbanization
fuel the demand for styrene acrylonitrile resins for different end-use
applications. China is the largest consumer of styrene acrylonitrile in the
region.
Production and demand in the country is expected to continue to
grow due to huge demand for consumer goods. However, the consumption of styrene
acrylonitrile resin will be slow in Japan due to sluggish demand from the
electronics and house ware industries. On the basis of product type, the
styrene acrylonitrile (SAN) resins market is segmented into preliminary working
SAN resins, secondary processing SAN resins and so on. On the basis of
application, the styrene acrylonitrile (SAN) resins market is segmented into
electrical & electronic appliances, packaging, consumer goods, automotive,
building & construction, medical, graft polyols, house wares, electronic
lenses, tractor components, air conditioner impellers, radios, CD-players,
meter covers, automotive trim, marine instruments, cups, toothbrush, dust
covers, industrial battery cases, dials switches, swimming pool components,
personal care products and so on.
The segment “personal care products” is further classified as
cosmetics, compact cases, lipstick tubes, nozzles and bottle caps rely on
styrene acrylonitrile resins for high quality packaging. On the basis of
geography, the styrene acrylonitrile (SAN) resins market is segmented into Asia
Pacific, Latin America, Europe, North America and Middle East & Africa. The
U.S. and the Western Europe will experience slow to moderate growth due to
market saturation. The styrene acrylonitrile resins market in the U.S. is
driven by end-users in the region including appliance and transportation
industries.
The major countries in Europe that consume styrene acrylonitrile
resins include Germany, Italy and France. The appliance industry is the major
consumer of styrene acrylonitrile resins in the European region. The key players
in styrene acrylonitrile (SAN) Resins market are INOES Styrolution Group GmbH,
TRINSEO, LG Chem, SABIC, Chi Mei Corporation, Asahi Kasei, Techno Polymer Co.
Ltd., Toyo Engineering Corporation, Formosa Chemicals & Fiber Corporation,
Ningbo LG Yongxing Chemical, China National Petroleum, Styrolution, Sabic
Innovative Plastics, Toray Industries, Tianjin Dagu Chemicals and PetroChina.
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