June 22, 2024

Acrylonitrile Styrene Acrylate Market Size To Attain USD 1,538.67 Million By 2032

The acrylonitrile styrene acrylate market size is poised to grow by $ 1,538.67 million by 2032 from $ 950.36 million in 2023, exhibiting a CAGR of 5.50% during the forecast period 2023 to 2032. 

Acrylonitrile Styrene Acrylate Market Size 2023 To 2032

Key Takeaways

  • Asia Pacific contributed more than 35% of revenue share in 2022.
  • North America is estimated to expand the fastest CAGR between 2023 and 2032.
  • By application, the plastics segment has held the largest market share of 42% in 2022.
  • By application, the fabrics segment is anticipated to grow at a remarkable CAGR of 6.2% between 2023 and 2032.
  • By end user, the consumer electronic and home appliances segment generated over 35% of revenue share in 2022.
  • By end user, the automotive segment is expected to expand at the fastest CAGR over the projected period.

The Acrylonitrile Styrene Acrylate (ASA) market has witnessed significant growth in recent years, establishing itself as a prominent player in the polymer industry. ASA is a thermoplastic copolymer known for its exceptional weather resistance, high impact strength, and UV stability. These characteristics make it a preferred choice for various outdoor applications, including automotive parts, construction materials, and consumer goods.

The market’s growth can be attributed to the increasing demand for durable and weather-resistant materials across different sectors. ASA’s ability to withstand harsh environmental conditions, such as sunlight exposure and extreme temperatures, positions it as a versatile and reliable material for long-lasting applications.

Get a Sample: https://www.precedenceresearch.com/sample/3567

Growth Factors:

  • Rising Construction Activities: The booming construction industry has been a major driver for the ASA market. The demand for ASA in construction materials, such as roofing, siding, and window profiles, has surged due to its ability to maintain structural integrity and appearance under prolonged exposure to sunlight and other weather elements.
  • Automotive Sector Adoption: The automotive sector has embraced ASA for exterior components, including automotive body parts and trims. The material’s impact resistance and UV stability make it ideal for withstanding the rigors of daily exposure to sunlight and environmental factors, contributing to its increased usage in the automotive manufacturing process.
  • Consumer Goods Applications: ASA’s aesthetic appeal, coupled with its durability, has led to its incorporation in various consumer goods. Outdoor furniture, recreational equipment, and electronic device casings benefit from ASA’s weather-resistant properties, providing consumers with long-lasting and visually appealing products.
  • Technological Advancements: Ongoing research and development efforts have resulted in technological advancements in ASA production processes. Innovations in formulation and processing techniques have enhanced the material’s performance characteristics, opening up new avenues for application and expanding its market presence.
  • Environmental Considerations: With an increasing emphasis on sustainability, ASA’s recyclability and minimal environmental impact have contributed to its growth. As industries seek eco-friendly alternatives, ASA stands out as a material that meets both performance and environmental criteria.

Acrylonitrile Styrene Acrylate Market Scope

Report Coverage Details
Growth Rate from 2023 to 2032 CAGR of 5.50%
Market Size in 2023 USD 950.36 Million
Market Size by 2032 USD 1,538.67 Million
Largest Market Asia Pacific
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Application and By End User
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: Real Estate and Infrastructure Market Will be USD 507.91 Trillion by 2032

Application Segments

Exterior Applications: – ASA is widely used in exterior applications due to its exceptional weatherability. It is commonly used in the production of outdoor products such as roofing materials, siding, and outdoor furniture.

Automotive Parts: – ASA is utilized in the automotive industry for the production of exterior automotive parts. Its UV resistance and impact strength make it suitable for applications like automotive trim components.

Pipes and Fittings: – ASA is employed in the manufacturing of pipes and fittings, particularly for outdoor or exposed piping systems. Its resistance to UV radiation ensures durability in outdoor settings.

Consumer Goods: – ASA is used in various consumer goods such as appliances, sporting goods, and recreational equipment, where a combination of impact resistance and weatherability is crucial.

End User Segments

a. Construction Industry: – ASA finds extensive use in the construction industry for applications like roofing, siding, and other exterior components. Its ability to withstand harsh weather conditions makes it a preferred choice.

b. Automotive Industry: – The automotive sector utilizes ASA for exterior automotive parts, benefiting from its impact resistance and ability to maintain color and appearance in outdoor environments.

Piping and Infrastructure: – ASA is used in pipes and fittings for outdoor and exposed piping systems, contributing to the longevity and reliability of the infrastructure.

Consumer Goods Manufacturers: – Manufacturers of consumer goods, ranging from appliances to recreational equipment, leverage ASA’s properties to enhance the durability and performance of their products.

Reasons to Purchase this Report:

  • Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
  • In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
  • Market size in USD million and volume in million units provided for each segment and sub-segment.
  • Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
  • Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

Acrylonitrile Styrene Acrylate Market Players

  • INEOS Styrolution
  • LG Chem
  • Chi Mei Corporation
  • Trinseo
  • SABIC
  • KKPC (Kumho Petrochemical)
  • Formosa Plastics Corporation
  • Shandong Novista Chemicals Co., Ltd.
  • Techno Polymer Co., Ltd.
  • LOTTE Chemical Corporation
  • Asahi Kasei Corporation
  • Supreme Petrochem Ltd.
  • Nantong Xingchen Synthetic Material Co., Ltd.
  • Dow Inc.
  • Ravago Group

Segments Covered in the Report

By Application

  • Adhesives & Sealants
  • Plastics
  • Paints & Coatings
  • Fabrics

By End User

  • Automotive
  • Consumer Electronic and Home Appliances
  • Sports and Leisure
  • Building and Construction
  • Packaging

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Acrylonitrile Styrene Acrylate Market 

5.1. COVID-19 Landscape: Acrylonitrile Styrene Acrylate Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Acrylonitrile Styrene Acrylate Market, By Application

8.1. Acrylonitrile Styrene Acrylate Market Revenue and Volume, by Application, 2023-2032

8.1.1. Adhesives & Sealants

8.1.1.1. Market Revenue and Volume Forecast (2020-2032)

8.1.2. Plastics

8.1.2.1. Market Revenue and Volume Forecast (2020-2032)

8.1.3. Paints & Coatings

8.1.3.1. Market Revenue and Volume Forecast (2020-2032)

8.1.4. Fabrics

8.1.4.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 9. Global Acrylonitrile Styrene Acrylate Market, By End User

9.1. Acrylonitrile Styrene Acrylate Market Revenue and Volume, by End User, 2023-2032

9.1.1. Automotive

9.1.1.1. Market Revenue and Volume Forecast (2020-2032)

9.1.2. Consumer Electronic and Home Appliances

9.1.2.1. Market Revenue and Volume Forecast (2020-2032)

9.1.3. Sports and Leisure

9.1.3.1. Market Revenue and Volume Forecast (2020-2032)

9.1.4. Building and Construction

9.1.4.1. Market Revenue and Volume Forecast (2020-2032)

9.1.5. Packaging

9.1.5.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 10. Global Acrylonitrile Styrene Acrylate Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.1.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.1.3.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.1.4.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.2.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.2.3.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.2.4.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.2.5.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.2.6.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.3.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.3.3.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.3.4.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.3.5.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.3.6.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.4.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.4.3.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.4.4.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.4.5.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.4.6.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.5.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.5.3.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.5.4.2. Market Revenue and Volume Forecast, by End User (2020-2032)

Chapter 11. Company Profiles

11.1. INEOS Styrolution

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. LG Chem

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Chi Mei Corporation

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Trinseo

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. SABIC

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. KKPC (Kumho Petrochemical)

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Formosa Plastics Corporation

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Shandong Novista Chemicals Co., Ltd.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Techno Polymer Co., Ltd.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. LOTTE Chemical Corporation

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Blog: https://www.expresswebwire.com/

Blog: https://www.uswebwire.com/

Blog: https://www.dailytechbulletin.com/

Blog: https://www.autoindustrybulletin.com/


Leave a Reply

Your email address will not be published. Required fields are marked *