Global Styrene Acrylonitrile (SAN) Resins Market to Reach $2.8 Billion by 2030
The global market for Styrene Acrylonitrile (SAN) Resins estimated at US$2.3 Billion in the year 2023, is expected to reach US$2.8 Billion by 2030, growing at a CAGR of 2.8% over the analysis period 2023-2030. Consumer Goods End-Use, one of the segments analyzed in the report, is expected to record a 3.2% CAGR and reach US$942.2 Million by the end of the analysis period. Growth in the Electrical & Electronic Appliances End-Use segment is estimated at 3.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $605 Million, While China is Forecast to Grow at 5% CAGR
The Styrene Acrylonitrile (SAN) Resins market in the U.S. is estimated at US$605 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$595.2 Million by the year 2030 trailing a CAGR of 5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 1.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$402.2 Million by the year 2030.
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