Global Alkenyl Succinic Anhydride ASA Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Alkenyl Succinic Anhydride ASA Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Alkenyl succinic anhydride (ASA) is a compound used as a sizing agent in the paper industry. It is a derivative of succinic anhydride with one H of the succinic anhydride ring replaced with an iso-alkenyl chain (C14 to C22). They are versatile, and ASA can be used to improve the water-resistance and strength of paper, as well as to enhance the adhesion of inks and other coatings to the paper surface. ASA is considered a safe and effective chemical for the paper industry and is widely used in the production of various paper products.

Market Overview:

The latest research study on the global Alkenyl Succinic Anhydride ASA market finds that the global Alkenyl Succinic Anhydride ASA market reached a value of USD 206.01 million in 2022. It’s expected that the market will achieve USD 302.05 million by 2028, exhibiting a CAGR of 6.59% during the forecast period.

The downstream market is hampered

During the COVID-19 outbreak, the downstream demand for alkenyl succinic anhydride also decreased and sales were hampered because people were unable to go out. All downstream markets are also facing impacts from all levels of the industrial chain. For example, manufacturing plants that have suffered high-cost losses due to delayed resumption of work, and companies that are at risk of default due to interruptions in raw material supply, traffic control, and other force majeure factors. And dealers with high pressure to pay back and a tight capital chain. In the short term, the epidemic has put pressure on companies to survive. In contrast, in the long run, it poses challenges to cash flow management, supply chain management, risk resistance, and strategic positioning. With the outbreak and continuous spread of the new crown pneumonia epidemic, most manufacturing industries have announced that they will postpone the resumption of work. However, uncertainties in factors such as resumption time, recruitment, and employee sentiment will have a negative impact on the industry's production recovery to a certain extent.

The market economy is in recession, and business operations are difficult

As the global spread of the new crown pneumonia epidemic continues to ferment, the upgrade of prevention and control measures in various countries has led to the economic suspension and trade shrinkage, which has caused an all-around impact on manufacturing, service industries, residents' confidence, and social governance. The global economy is facing a greater risk of recession. At the macro level, the epidemic will have a multi-dimensional impact on the alkenyl succinic anhydride industry chain from the demand side and the supply side; from the industry level, industries with high export dependence and a high proportion of processing trade will be more affected by the epidemic; At the enterprise level, there are severe challenges in production, demand, cash flow, transportation, and other links. Severe corporate distress could translate into major corporate bankruptcies or a decline in investment. Especially for small and medium-sized enterprises, generally face the problem of reduced market sales, original orders have been postponed or canceled, and new orders cannot be obtained in the short term.

The growing demands of the paper industry

The paper industry is the largest consumer of ASA, which is used as a sizing agent in the paper industry to improve the water-resistance of paper. This is especially important for paper products that are exposed to moisture, such as packaging materials and labels. ASA also improves the printability of paper by improving the adhesion of inks and other coatings to the paper surface. This results in a sharper, more vibrant print, which is important for applications such as advertising and packaging. In addition, ASA is a sustainable alternative to other sizing agents, such as rosin and alkyl ketene dimer (AKD), which are derived from non-renewable resources. Growing demand for sustainable paper manufacturing is driving the demand for ASA. Overall, growing demand from the paper industry is the major driver for the growth of the ASA market. The need for high-quality paper products with improved water resistance and printability, as well as the growing demand for sustainable paper production, have led to an increasing demand for ASA in the paper industry.

Raw material price fluctuations

ASA is mainly produced from maleic anhydride and olefins. The availability of these raw materials is limited and subject to price fluctuations due to market supply and demand imbalances. Additionally, the raw materials used to produce ASA are used in other applications such as adhesives, coatings, and plastics. The high demand for these products may compete with ASA for raw materials, thereby increasing the cost of raw materials for the production of ASA. In recent years, due to the impact of the epidemic, geopolitics, economic and trade wars, etc. The transportation of raw materials is blocked, and prices continue to fluctuate. Fluctuations in raw material prices will eventually directly reflect the price of alkenyl succinic anhydride, which is an important factor affecting the price of alkenyl succinic anhydride, because the increase in raw material prices will directly lead to an increase in production costs, and may even lead to a decline in profit margins and capacity utilization. Lack of motivation.

Region Overview:

In 2022, the share of the Alkenyl Succinic Anhydride ASA market in North America stood at 36.22%.

Company Overview:

Kemira is one of the major players operating in the Alkenyl Succinic Anhydride ASA market, holding a share of 28.56% in 2023.

Kemira

Kemira is a global leader in sustainable chemical solutions for water intensive industries. They provide best suited products and expertise to improve their customers' product quality, process and resource efficiency. Their focus is on pulp & paper, water treatment and energy industry.

Albemarle

Albemarle Corp (Albemarle) is a specialty chemical manufacturer. It carries out the development, manufacturing and marketing of highly-engineered value added products including catalysts, bromine and derivatives and lithium compounds.

Segmentation Overview:

Among different product types, Neutral Type segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Sizing Agent segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Alkenyl Succinic Anhydride ASA market covered in Chapter 3:

Kemira
Chevron Phillips Chemical
Ineos
Milliken Chemical
Dixie Chemical
Vertellus
Albemarle
Mare Holding (AkzoNobel)

In Chapter 4 and Chapter 14.2, on the basis of types, the Alkenyl Succinic Anhydride ASA market from 2018 to 2029 is primarily split into:

Alkaline Type
Neutral Type

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Alkenyl Succinic Anhydride ASA market from 2018 to 2029 covers:

Sizing Agent
Curing Agent
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)