DUBLIN, April 21, 2023 /PRNewswire/ -- The "Global Styrene Acrylonitrile Copolymer Market Report and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

According to the report, the global styrene acrylonitrile copolymer market reached a value of USD 2259 million in 2022. Aided by the growing use of styrene acrylonitrile in medical applications, the market is projected to grow at a CAGR of 6.4% between 2023 and 2028, reaching a value of USD 3226.46 million by 2028.

The global styrene acrylonitrile copolymer market is driven by the increasing demand for lightweight and durable materials in various industries such as automotive, packaging, and electronics industries. The growing need for eco-friendly and sustainable packaging solutions is also expected to boost the market growth. Moreover, the rapid growth of the electronics industry, particularly in emerging economies, is expected to drive the demand for styrene acrylonitrile copolymer.

The global styrene acrylonitrile copolymer market is anticipated to benefit from the use of advanced materials and technology over the forecast period, as well as from capacity expansions by significant market participants. Along with the growing desire for rigid packaging in personal care items, the increased product demand in the cosmetics industry for usage in compact and lipstick cases is anticipated to further contribute to the market growth.

Geographically, Asia Pacific is anticipated to experience strong growth in the styrene acrylonitrile copolymer market. The region, led by China, maintains the largest market share for styrene acrylonitrile copolymer due to the rising urbanisation rate and GDP growth. The region's dominance can be attributed to the presence of numerous manufacturing units and strong investments in research and development. Furthermore, the region's growing population and rising disposable income have led to increased demand for consumer goods, including packaging, automotive, and electronics, boosting the global styrene acrylonitrile copolymer market.

Market Segmentation

The market can be divided based on application and region.

Market Breakup by Application

• Medical Sector
• Consumer Goods
• Cosmetics
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report provides a detailed analysis of the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers of the global styrene acrylonitrile copolymer companies. Some of the major key players explored in the report are as follows:

• Ineos Group Ltd
• LG Chem Ltd
• RTP Company
• Trinseo S.A
• Chi Mei Corporation
• Others

Key Topics Covered:

1 Preface

2 Report Coverage - Key Segmentation and Scope

3 Report Description

4 Key Assumptions

5 Executive Summary

6 Snapshot

7 Industry Opportunities and Challenges

8 Global Styrene Acrylonitrile Copolymer Market Analysis

9 North America Styrene Acrylonitrile Copolymer Market Analysis

10 Europe Styrene Acrylonitrile Copolymer Market Analysis

11 Asia Pacific Styrene Acrylonitrile Copolymer Market Analysis

12 Latin America Styrene Acrylonitrile Copolymer Market Analysis

13 Middle East and Africa Styrene Acrylonitrile Copolymer Market Analysis

14 Market Dynamics

15 Value Chain Analysis

16 Trade Data Analysis

17 Price Analysis

18 Competitive Landscape

19 Key Trends and Developments in the Market

Companies Mentioned

• Ineos Group Ltd
• LG Chem Ltd
• RTP Company
• Trinseo S.A.
• Chi Mei Corporation

For more information about this report visit https://www.researchandmarkets.com/r/w6iufb

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