Global Styrene-Maleic Anhydride Copolymer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Styrene-Maleic Anhydride Copolymer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Styrene-maleic anhydride copolymer, a thermoplastic resin produced by the copolymerization of styrene and maleic anhydride. A rigid, heat-resistant, and chemical-resistant plastic, it is used in automobile parts, small appliances, and food-service trays.

Market Overview:

The latest research study on the global Styrene-Maleic Anhydride Copolymer market finds that the global Styrene-Maleic Anhydride Copolymer market reached a value of USD 129.46 million in 2022. It’s expected that the market will achieve USD 261.6 million by 2028, exhibiting a CAGR of 12.44% during the forecast period.

Influence Factors

Industry 4.0 is revolutionizing production systems and technologies by offering manufacturers the opportunity to leverage advanced information and communication technologies (ICTs) and production capabilities throughout the product life cycle. Production technology continues to evolve at a seemingly light speed, and if companies cannot keep up, it may be difficult to remain competitive in a rapidly changing market. Tracking and uncovering new trends in production technology may help develop new strategies for companies to operate successfully in a competitive market. Factors related to production technology are: Internet of Things, big data and analytics, smart factories, etc., which will affect the way Styrene-Maleic Anhydride Copolymer production enterprises produce and operate.

Styrene-Maleic Anhydride Copolymer Growth Drivers

According to the structure of Styrene-Maleic Anhydride Copolymer can be divided into two categories: one is R-SMA, the other is A-SMA. R-SMA is a new type of heat-resistant plastic successfully developed in the 1970s. It is one of the special resins of styrene series. It has good heat resistance, low melt viscosity and good processing performance. It has good chemical stability, hardness, transparency, and foaming properties. In addition, its coloring, electroplating, and adhesion are also good. It is used in building materials, automotive interior parts, exterior parts, and instruments. The use of plates, mechanical enclosures, electronic and electrical parts, packaging materials, etc. is increasing day by day. Its excellent comprehensive performance and outstanding molecular polarity make it used as a plastic alloy modification component and a polymer compatibilizer in fine and special high-end applications. Molecular resin market has strong competitiveness. A-SMA was commercialized in the early 1960s and has a wide range of uses. A-SMA can be made into sodium salt, half ester, ammonium salt, etc. It can be used as textile finishing agent, dispersant/emulsifier, dyeing aid, sizing agent, protective colloid, leather modifier, etc. in the fields of papermaking and chemical industry. Wide range of downstream applications and superior performance drive the development of the industry.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Polyscope is one of the major players operating in the Styrene-Maleic Anhydride Copolymer market, holding a share of 38.39% in 2022.

Polyscope is a global leader in the research, development, and production of styrene maleic anhydride (SMA®) copolymers, a vital material for product applications in high-growth electronics, automotive, coatings and inks end markets. The company offers a broad range of SMA® and SMANPMI co- and terpolymers and compounds for engineering plastic and specialty chemical applications under the trade names XIRAN® and XILOY™.

Solenis is a leading global producer of specialty chemicals, focused on delivering sustainable solutions for water-intensive industries, including the pulp, packaging paper and board, tissue and towel, oil and gas, petroleum refining, chemical processing, mining, biorefining, power, municipal, and pool and spa markets. The company’s product portfolio includes a broad array of water treatment chemistries, process aids and functional additives, as well as state-of-the-art monitoring and control systems.

Segmentation Overview:

Among different product types, R-SMA segment is anticipated to contribute the largest market share in 2028.

According to the different structure of Styrene-Maleic Anhydride Copolymer, it can be divided into two categories: one is Random Styrene Maleic Anhydride Copolymer (R-SMA) with low acid anhydride content, and the other is the ratio of two monomers is close to 1:1 Alternate Styrene Maleic Anhydride Copolymer (A-SMA).

Application Overview:

By application, the Automobile Instrument segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Styrene-Maleic Anhydride Copolymer market covered in Chapter 3:

Polyscope
Jiaxing Huawen Chemical
Solenis

In Chapter 4 and Chapter 14.2, on the basis of types, the Styrene-Maleic Anhydride Copolymer market from 2018 to 2029 is primarily split into:

A-SMA
R-SMA

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Styrene-Maleic Anhydride Copolymer market from 2018 to 2029 covers:

Automobile Industry
Compatibilizer
Building Materials
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)