Styrene Acrylonitrile (SAN) Resins: Global Strategic Business Report

Global Styrene Acrylonitrile (SAN) Resins Market to Reach $2.5 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Styrene Acrylonitrile (SAN) Resins estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$2.5 Billion by 2027, growing at a CAGR of 2.6% over the analysis period 2020-2027. Consumer Goods, one of the segments analyzed in the report, is projected to record a 3% CAGR and reach US$839.5 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Electrical & Electronic Appliances segment is readjusted to a revised 3.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $569.1 Million, While China is Forecast to Grow at 4.9% CAGR

The Styrene Acrylonitrile (SAN) Resins market in the U.S. is estimated at US$569.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$505.4 Million by the year 2027 trailing a CAGR of 4.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$344.7 Million by the year 2027.

Packaging Segment to Record 1.9% CAGR

In the global Packaging segment, USA, Canada, Japan, China and Europe will drive the 1.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$298.4 Million in the year 2020 will reach a projected size of US$332.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 2.7% CAGR through the analysis period.

Select Competitors (Total 42 Featured) -

• Asahi Kasei Corporation
• Chi Mei Corporation
• Formosa Chemicals & Fibre Corporation
• INEOS Group
• INEOS Styrolution Group GmbH
• LG Chem
• SABIC (Saudi Basic Industries Corporation)
• Techno-UMG Co., Ltd.
• Toyo Engineering Corporation
• Trinseo LLC

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