The global Acrylonitrile Styrene Acrylate (ASA) market stood at approximately 370 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.2% during the forecast period until 2032. In the acrylonitrile styrene acrylates market, the automotive sector involves employing ASA for crafting exterior components and trims in vehicles, such as grilles, mirror housings, and panels. A noteworthy trend is the growing inclination towards ASA, driven by its outstanding weather resistance, UV stability, and durability. As automakers prioritize lightweight, visually appealing materials resilient to harsh environmental conditions, ASA stands out as a preferred option, enhancing both the longevity and aesthetic appeal of automotive exteriors.
Acrylonitrile Styrene Acrylate (ASA) stands as a versatile material with a distinctive blend of properties, making it an ideal choice for a diverse range of outdoor and durable applications. In the construction industry, ASA proves invaluable for creating weather-resistant and durable materials used in roofing, siding, and other exterior components. Its application extends to the automotive sector, where it is employed for manufacturing exterior components like body panels and trims, ensuring resilience against weathering, UV radiation, and impact. ASA's significance is further pronounced in outdoor and recreational products, including garden furniture, playground equipment, and sports gear, where its exceptional weather-resistant properties excel in harsh environmental conditions. Widely utilized in the production of outdoor signage and displays, ASA's outstanding UV resistance guarantees vibrant colors and structural integrity even during prolonged exposure to sunlight. For electrical enclosures, ASA's resistance to UV radiation and chemicals makes it a preferred material, offering protection to electronic components in outdoor settings. In marine applications, ASA's resilience to environmental factors, including saltwater exposure, deems it suitable for crafting boat components and accessories. ASA's versatility extends to the manufacturing of consumer goods, contributing to the creation of durable and weather-resistant products designed for outdoor use. Finally, ASA's common use in roofing materials, such as tiles and shingles, underscores its weather-resistant and thermally stable properties, ensuring the longevity and performance of roofing systems.
The surge in demand from the automotive sector, specifically for exterior components necessitating superior weather resistance and impact resilience, stands out as a key catalyst propelling the growth of the Acrylonitrile Styrene Acrylate (ASA) Market. The anticipated escalation in the adoption of ASA polymer in automotive applications can be attributed to its enhanced performance relative to existing materials like Acrylonitrile Butadiene Styrene (ABS) and Polyvinyl Chloride (PVC). Furthermore, ASA finds widespread use in the construction industry, particularly in roofing, siding, and window profiles, with the increasing expansion of this sector contributing to the heightened demand for ASA polymer. The driving force behind the market is the increasing incorporation of ASA polymer in the manufacturing of consumer goods driven by its exceptional weather resistance and impact strength. The global Acrylonitrile Styrene Acrylate (ASA) market size is anticipated to reach nearly 560 thousand tonnes by 2032.
Based on region, Asia Pacific region is the biggest consumer of Acrylonitrile Styrene Acrylate (ASA) and is poised to assert dominance in the global Acrylonitrile Styrene Acrylate (ASA) market in the future. The Asia Pacific region is poised to assert its dominance in the global market, propelled by several key factors. A primary driver is the region's remarkable economic expansion, particularly evident in countries like China and India, fostering heightened industrialization, urbanization, and consumer spending. The flourishing construction industry plays a pivotal role, marked by extensive infrastructure projects, residential developments, and commercial constructions. Notably, ASA finds widespread use in construction applications, such as roofing, siding, and window profiles, reinforcing the region's market supremacy. The automotive sector, led by dynamic growth in countries like China and India, is a significant contributor, with the increasing demand for ASA polymer in manufacturing exterior automotive components.
Based on the end-user industry, the global Acrylonitrile Styrene Acrylate (ASA) market is divided into Automotive, Electronics and Home Appliances, Sports Goods, Building & Construction, Packaging, and Others. However, Automotive Industry holds the largest segment of the global Acrylonitrile Styrene Acrylate (ASA) market.
Major players in the Global Acrylonitrile Styrene Acrylate (ASA) market are INEOS, SABIC, LG Chem, Chi Mei Corporation, Trinseo, KKPC (Kumho Petrochemical), Formosa Plastics Corporation, Shandong Novista Chemicals Co., Ltd., Techno Polymer Co., Ltd., LOTTE Chemical Corporation, Asahi Kasei Corporation, Supreme Petrochem Ltd., Nantong Xingchen Synthetic Material Co., Ltd., Dow Inc., Ravago Group, and Others.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Acrylonitrile Styrene Acrylate (ASA) which covers production, demand and supply of Acrylonitrile Styrene Acrylate (ASA) market in the globe.
• To analyse and forecast the market size of Acrylonitrile Styrene Acrylate (ASA)
• To classify and forecast Global Acrylonitrile Styrene Acrylate (ASA) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Acrylonitrile Styrene Acrylate (ASA) market in the globe.
To extract data for Global Acrylonitrile Styrene Acrylate (ASA) market, primary research surveys were conducted with Acrylonitrile Styrene Acrylate (ASA) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Acrylonitrile Styrene Acrylate (ASA) market over the coming years.
ChemAnalyst calculated Acrylonitrile Styrene Acrylate (ASA) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Acrylonitrile Styrene Acrylate (ASA). ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Acrylonitrile Styrene Acrylate (ASA) manufacturers and other stakeholders
• Organizations, forums and alliances related to Acrylonitrile Styrene Acrylate (ASA) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Acrylonitrile Styrene Acrylate (ASA) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Acrylonitrile Styrene Acrylate (ASA) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
370 thousand tonnes
Market size Volume in 2032
560 thousand tonnes
Growth Rate
CAGR of 4.2% from 2023 to 2032
Base year for estimation
2022
Estimated Year
2023
Historic Data
2015 – 2021
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Automotive, Electronics and Home Appliances, Sports Goods, Building & Construction, Packaging, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
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What was the net market size of Acrylonitrile Styrene Acrylate (ASA) in terms of volume in 2022?
Ans:
The global market size of Acrylonitrile Styrene Acrylate (ASA) had reached approximately 370 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Acrylonitrile Styrene Acrylate (ASA)?
Ans:
Asia Pacific region is the largest consumer of Acrylonitrile Styrene Acrylate (ASA) globally.
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