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This “Global Styrene Acrylonitrile Copolymer Market Report and Forecast 2021-2026” Report has been added to ResearchAndMarkets.com provide.
This new report called “Global Styrene Acrylonitrile Copolymer Market Report and Forecast 2021-2026” provides an in-depth analysis of the global Styrene Acrylonitrile Copolymer market and evaluates it based on market segments (such as applications and major regions) The market. The report tracks the latest trends in the industry and studies their impact on the entire market. It also assessed market dynamics covering key demand and price indicators, and analyzed the market based on SWOT and Porter’s five forces model.
The main highlights of the report include:
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Market Overview (2016-2026)
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Historical market size (2020): 2.1 billion US dollars
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Forecast compound annual growth rate (2021-2026): 5.80%
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Forecast market size (2026): US$2.9 billion
The increasing application of this product in various fields such as consumer goods has promoted the development of the global styrene acrylonitrile copolymer industry.
The increase in per capita income of consumers, especially in the Asia-Pacific region and Latin America, will drive the demand for styrene-acrylonitrile copolymers. The increase in discretionary income translates into an increase in purchasing power, and customers choose to invest in consumer goods and daily necessities.
During the forecast period, the cosmetics market is expected to have a significant impact on commodity demand. Women are the main driving force of the global cosmetics industry. In all sectors of the economy of every country, the increase in female employment has increased their disposable income, which has led to better lifestyle decisions and changes in beauty tastes, which have greatly contributed to cosmetic manufacturing in the past few decades. Business benefit.
Industry definition and main areas
Styrene acrylonitrile resin is a copolymer plastic of the formula (C8H8)n-(C3H3N)m composed of styrene and acrylonitrile. It is usually abbreviated as SAN. Due to its excellent heat resistance, it is a good substitute for polystyrene. The string accounts for approximately 70% to 80% styrene and 20% to 30% acrylonitrile.
market trend
In the global styrene-acrylonitrile copolymer industry, the Asia-Pacific region is expected to grow at a considerable compound annual growth rate. Cosmetics companies rely heavily on the Asian market for sales. The cosmetics market in countries such as India, Japan, South Korea, Indonesia, Malaysia and China is very important.
South Korea is a major market for cosmetics, and women use an average of 13 types of cosmetics every day. Facial creams and skin lightening lotions are common among men in this area, and they account for a large portion of cosmetic spending.
The presence of major brands in Asian countries such as L’Oreal and Procter & Gamble will greatly promote the growth of the cosmetics industry in the region, which is expected to have a positive impact on commodity demand during the forecast period. It is expected that this will help the development of the global styrene acrylonitrile copolymer industry.
Key topics covered:
1 Introduction
2 Report coverage-key breakdowns and scope
3 report description
4 key assumptions
5 Executive Summary
6 snapshots
7Industry Opportunities and Challenges
8 Global Styrene Acrylonitrile Copolymer Market Analysis
9 area analysis
10 Market Dynamics
11 Value chain analysis
12 Analysis of Trade Data
13 price analysis
14 competitive landscape
15 Industry Events and Development
Companies mentioned
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Ineos Group Co., Ltd.
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LG Chemical Co., Ltd.
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RTP Company
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Trinseo SA
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Chi Mei Corporation
For more information about this report, please visit https://www.researchandmarkets.com/r/qc3vy7
View the source code version on businesswire.com: https://www.businesswire.com/news/home/20210524005323/zh/
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