Styrene Acrylonitrile Market Growth by Key Players: Chi Mei, INEOS, Ningbo LG Yongxing Chemical, Styrolution, China National Petroleum, Sabic Innovative plastics, Toray Industries, Formosa Plastics, Tianjin Dagu Chemicals, Styron, Techno Polymer and Petro
Styrene Acrylonitrile Market size is projected to witness a high growth owning to development of end use industries including cosmetics, automotive, printing, drawing equipment, air conditioner, plastics and business cases
(EMAILWIRE.COM, August 09, 2018 ) Asia pacific region, led by China for styrene acrylonitrile market holds the largest market share owning to increasing urbanization rate and GDP growth. Other factors which include, improving economic condition, growing disposable income and demand for electronic and consumer goods will fuel the product market size.
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Styrene Acrylonitrile Market size is projected to witness a high growth owning to development of end use industries including cosmetics, automotive, printing, drawing equipment, air conditioner, plastics and business cases. In cosmetics sector, Styrene Acrylonitrile (SAN) is used in packaging of compact and lipstick cases.
Consumer goods is the fastest growing end use segment for product. There is a significant demand for SAN resins in manufacturing of tooth brush handle, hangers, food container, personal computers, televisions and handheld devices which is projected to boost product market size. Furthermore, high demand for electrical & electronic appliances is expected to fuel styrene acrylonitrile market.
Growing use of SAN in medical applications which include dental equipment, autoclavable devices and medical light diffusers is a major driver for styrene acrylonitrile market size. Further, plastics used in industry and offices use the product for manufacturing due to its high strength, dimensional stability and resistance to acids and alkali.
Increasing use of advanced materials and technologies and reduction in product price through healthy competition are assisting market growth.
Rising applications in electronic lenses, house wares, radio, tractor components, meter covers, marine instruments, cups, dust covers, dial switches and CD players will drive styrene acrylonitrile market.
Rapid urbanization, increased income levels and infrastructure development are likely to boost styrene acrylonitrile market growth. Additionally, product is widely used in personal care industry for wrapping bottle caps and nozzles due to good packaging property. Rigid packaging is gaining preference in personal care products industry, due to improved shape and aesthetic value.
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Styrene acrylonitrile market is divided into five types named, polystyrene, expanded polystyrene, acrylonitrile butadiene styrene, styrene butadiene rubber and unsaturated polyester resin. The product has widespread applications in packaging, building & construction, electrical & electronic appliances and automotive. The packaging segment is expected to be the fastest growing segment due to rising demand for several types of packaging.
Top key players:
The styrene acrylonitrile market is consolidated with presence of many manufacturing companies worldwide. Some of the major companies are Samsung Cheil Industries, Chi Mei, INEOS, Ningbo LG Yongxing Chemical, Styrolution, China National Petroleum, Sabic Innovative plastics, Toray Industries, Formosa Plastics, Tianjin Dagu Chemicals, Styron, Techno Polymer and Petro China.
Market share calculation in this report is not done based on companies covered in it. The calculation of Styrene Acrylonitrile market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1381
Styrene Acrylonitrile Market size is projected to witness a high growth owning to development of end use industries including cosmetics, automotive, printing, drawing equipment, air conditioner, plastics and business cases. In cosmetics sector, Styrene Acrylonitrile (SAN) is used in packaging of compact and lipstick cases.
Consumer goods is the fastest growing end use segment for product. There is a significant demand for SAN resins in manufacturing of tooth brush handle, hangers, food container, personal computers, televisions and handheld devices which is projected to boost product market size. Furthermore, high demand for electrical & electronic appliances is expected to fuel styrene acrylonitrile market.
Growing use of SAN in medical applications which include dental equipment, autoclavable devices and medical light diffusers is a major driver for styrene acrylonitrile market size. Further, plastics used in industry and offices use the product for manufacturing due to its high strength, dimensional stability and resistance to acids and alkali.
Increasing use of advanced materials and technologies and reduction in product price through healthy competition are assisting market growth.
Rising applications in electronic lenses, house wares, radio, tractor components, meter covers, marine instruments, cups, dust covers, dial switches and CD players will drive styrene acrylonitrile market.
Rapid urbanization, increased income levels and infrastructure development are likely to boost styrene acrylonitrile market growth. Additionally, product is widely used in personal care industry for wrapping bottle caps and nozzles due to good packaging property. Rigid packaging is gaining preference in personal care products industry, due to improved shape and aesthetic value.
Request for customization of this report @ https://www.gminsights.com/roc/1381
Styrene acrylonitrile market is divided into five types named, polystyrene, expanded polystyrene, acrylonitrile butadiene styrene, styrene butadiene rubber and unsaturated polyester resin. The product has widespread applications in packaging, building & construction, electrical & electronic appliances and automotive. The packaging segment is expected to be the fastest growing segment due to rising demand for several types of packaging.
Top key players:
The styrene acrylonitrile market is consolidated with presence of many manufacturing companies worldwide. Some of the major companies are Samsung Cheil Industries, Chi Mei, INEOS, Ningbo LG Yongxing Chemical, Styrolution, China National Petroleum, Sabic Innovative plastics, Toray Industries, Formosa Plastics, Tianjin Dagu Chemicals, Styron, Techno Polymer and Petro China.
Market share calculation in this report is not done based on companies covered in it. The calculation of Styrene Acrylonitrile market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results