Styrene Acrylonitrile (SAN) Resins Market Analysis Current Trends and Sales Forecast Till 2024

Styrene acrylonitrile resin is a type of plastic compound, which is manufactured through copolymerization of styrene and acrylonitrile. These resins are commonly known as SAN resins. The relative composition of acrylonitrile in SAN ranges from 20% to 30%, while the composition of styrene ranges from 70% to 80%. The higher amount of acrylonitrile content influences mechanical properties and chemical resistance. It also provides a yellowish color to the normally transparent plastic. Styrene and acrylonitrile are the primary raw materials used in the manufacture of styrene acrylonitrile resins; these are the derivatives of crude oil. Styrene acrylonitrile resins are used extensively in various end-user industries such as consumer goods, electrical & electronic appliances, packaging, building & construction, and medical. One of the major applications of styrene acrylonitrile resins is manufacture of daily-use consumer plastic products. Styrene acrylonitrile resins are also used in the manufacture of components of electrical and electronic appliances.

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Styrene acrylonitrile resins are employed in the manufacture of numerous consumer goods, which are mostly used in daily life. In electrical and electronic appliances, SAN resins are employed to manufacture battery housing panels, telephone components, radios, cd-players, meter covers, and air conditioner impellers, etc. Styrene acrylonitrile resins are good insulator even in wet conditions. Hence, it is used for insulating housing of electrical and electronic appliances. Styrene acrylonitrile resins are employed in the packaging of pharmaceutical and personal care & cosmetic products. Styrene acrylonitrile is eco-friendly. Styrene acrylonitrile resins are used in the automotive industry, as these are amorphous transparent polymers with good chemical stress cracking resistance. SAN resins are used as instrument covers and knobs in the automotive industry, as the resins are too brittle. SAN resins are employed in swimming pool and shower screens in the building & construction industry. Furthermore, it is used for plastic piping systems of waste discharge inside a building. Styrene acrylonitrile resins are employed as medical plastics in the medical industry. Furthermore, these resins are used in autoclave devices and dental & medical light diffusers. Styrene acrylonitrile resins are also employed in the manufacture of graft polyols. These resins are also used for greenhouse glazing applications.

In terms of region, Asia Pacific was the major producer and consumer of styrene acrylonitrile resins, accounting for more than 50% share of the global market in 2015. Increase in usage of consumer goods in Asia Pacific is the key driver of the SAN resins market. China accounts for the bulk of demand for styrene acrylonitrile resins in Asia Pacific. Increase in usage of consumer goods is likely to fuel the demand for styrene acrylonitrile resins during the forecast period. Developed regions such as Europe and North America are expected to hold second and third largest shares of the global market, despite the sluggish economic growth. Latin America and Middle East & Africa (MEA) are anticipated to experience strong demand for styrene acrylonitrile resins during the forecast period due to the rising usage of personal care and pharmaceutical products across the region and higher usage of consumer goods and electrical & electronics appliances. Increase in usage of personal care products over the last few years in Latin America, especially in Brazil, is likely to boost the market for SAN resins during the forecast period.

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Key players operating in the styrene acrylonitrile resins market include INOES Styrolution Group GmbH, TRINSEO S.A., LG Chem Ltd., INEOS ABS (USA) Corporation, SABIC, Chi Mei Corporation, Techno Polymer Co., Ltd., and Formosa Chemicals & Fiber Corporation.

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