Global ASA Resin Market Growth 2023-2029

Global ASA Resin Market Growth 2023-2029

Acrylic-styrene-acrylonitrile copolymer (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.

LPI (LP Information)' newest research report, the “ASA Resin Industry Forecast” looks at past sales and reviews total world ASA Resin sales in 2022, providing a comprehensive analysis by region and market sector of projected ASA Resin sales for 2023 through 2029. With ASA Resin sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world ASA Resin industry.

This Insight Report provides a comprehensive analysis of the global ASA Resin landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on ASA Resin portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global ASA Resin market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for ASA Resin and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global ASA Resin.

The global ASA Resin market size is projected to grow from US$ 1029.9 million in 2022 to US$ 1550.2 million in 2029; it is expected to grow at a CAGR of 1550.2 from 2023 to 2029.

Global key players of ASA resin include LG Chem, Ineos Styrolution, SABIC, Techno-UMG, NIPPON A&L, etc. The top five players hold a share about 66%. South Korea is the largest producer, holds a share around 26%, followed by United States and China, with share 23% and 21%, separately. The largest market is Asia-Pacific, has a share about 53%, followed by North America and Europe, with around 22% and 17% market share respectively.

This report presents a comprehensive overview, market shares, and growth opportunities of ASA Resin market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Extrusion Grade
Heat Resistant Grade
Flame Retardant Grade
General Grade

Segmentation by application
Automobile
Architectural Engineering
Consumer Electronics and Home Appliances
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
LG Chem
Ineos Styrolution
SABIC
Techno-UMG
NIPPON A&L
KUMHO-SUNNY
FCFC
Qingdao future Chemical
LOTTE Advanced Materials
CHIMEI
Chuangmei Technology
A. Schulman (LyondellBasell)
Romira
SAX Polymers Industries
Run Feng

Key Questions Addressed in this Report

What is the 10-year outlook for the global ASA Resin market?

What factors are driving ASA Resin market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do ASA Resin market opportunities vary by end market size?

How does ASA Resin break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.