Global Acrylic Styrene Acrylonitrile ASA Market Research Report 2023(Status and Outlook)

Global Acrylic Styrene Acrylonitrile ASA Market Research Report 2023(Status and Outlook)

Report Overview

Acrylic Styrene Acrylonitrile (ASA) is a thermoplastic elastomer. This type of copolymer has excellent resistance to UV irradiation, heat, moisture, and stress cracking and probably has the best weathering resistance of all acrylonitrile elastomers. It also has good chemical resistance and high impact strength. Its mechanical properties are very similar to acrylonitrile butadiene styrene (ABS) elastomers.

One of the most important markets for ASAs are automotive body parts such as mirror housings and radiator grills. ASA thermoplastics are also extensively used in the building & construction, appliance, electrical/electronics, and sports goods industries.

According to the different properties, ASA can be divided into general grade, extrusion grade, heat resistant grade and others. General grade is used most widely and the price is the lowest, in 2019, about 52% of the global sale volumes are general grade.

Of the major players of ASA Copolymers, LG Chem maintained its first place in the ranking in 2019. LG Chem accounted for 19% of the ASA Copolymers revenue market share in 2019. Other players accounted for 17%, 16 %, 13% including Chi Mei Corporation, Ineos Styrolution Group, SABIC.

China, United States, Europe, China Taiwan, Japan and Korea are the main manufacturing regions in the world. Considering the consumption region. USA is the largest consumption area, making up 23% in 2019. Europe ranks the second, total ASA Resin accounted for 20%.

The Global Acrylic Styrene Acrylonitrile ASA Market Size was estimated at USD 944 million in 2022 and is projected to reach USD 1259.06 million by 2029, exhibiting a CAGR of 4.20% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Acrylic Styrene Acrylonitrile ASA market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Acrylic Styrene Acrylonitrile ASA Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Acrylic Styrene Acrylonitrile ASA market in any manner.

Global Acrylic Styrene Acrylonitrile ASA Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

LG Chem

Chi Mei Corporation

Ineos Styrolution Group

SABIC

Techno-UMG Co., Ltd.

KUMHO-SUNNY

Formosa Chemicals & Fibre Corporation

NIPPON A&L

LOTTE Advanced Materials

A. Schulman (LyondellBasell)

Romira

SAX Polymers Industries

Run Feng Sci.&Tech

Shandong Novista Chemicals

Market Segmentation (by Type)

General Grade ASA

Extrusion Grade ASA

Heat Resistant Grade ASA

Other Grade ASA

Market Segmentation (by Application)

Hospital

Eye Clinic

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Acrylic Styrene Acrylonitrile ASA Market

Overview of the regional outlook of the Acrylic Styrene Acrylonitrile ASA Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors