Global acrylonitrile styrene acrylate industry overview
Developing countries such as China and India have emerged as global hubs of construction and automobile industries. Moreover, with rapid urbanization, the governments of China, India, and Indonesia are making significant investments in the housing industry. The high consumer base and the increasing purchasing power parity in these countries are attracting significant investments in the construction and automobile industries. The growth of these industries will increase the demand for acrylonitrile styrene acrylate as it is used to manufacture automotive components, window profiling, pipes and ducts, and roof decking.
Acrylonitrile styrene acrylate is commonly used to produce automotive prototypes, electrical housing and brackets, and sporting goods. Employing additive manufacturing helps achieve complex geometries, eliminate tooling process, and save time and production costs. Because of this, several vendors are emphasizing on the adoption of 3D printing technology to develop acrylonitrile styrene acrylate-based products. The growing trend of adopting additive manufacturing in the medical and automobile industries is expected to boost the growth of the global acrylonitrile styrene acrylate market over the forecast period. As a result of these factors, the acrylonitrile styrene acrylate market will grow at a CAGR of over 2%.
Top acrylonitrile styrene acrylate companies covered in this market research report
The global acrylonitrile styrene acrylate market is fairly fragmented. This research report provides a detailed analysis of the market’s competitive landscape and provides information on the products offered by various companies. Key insights provided by this global acrylonitrile styrene acrylate market report will help companies create effective strategies to improve their revenue share.
The report offers a detailed analysis of several leading companies, including:
Chi Mei Corp.
LG Chem Ltd.
Acrylonitrile styrene acrylate market segmentation based on application
The increased per capita income and the improved road conditions in developing companies have increased the sales of passenger and commercial vehicles. The growth of construction, mining, and packaging industries is also increasing the demand for commercial vehicles to transport raw materials and finished goods. As a result of these factors, the demand for acrylonitrile styrene acrylate will be high in automotive applications during the forecast period.
Acrylonitrile styrene acrylate market segmentation based on geography
APAC will offer maximum growth opportunities for companies in the acrylonitrile styrene acrylate market. The rapid growth of end-user industries such as automobile, construction, and home appliances positively influence the growth of the acrylonitrile styrene acrylate market in the region. Initiatives from the regional governments to support the construction industry also lead to an increase in the demand for acrylonitrile styrene acrylate in APAC.
Key highlights of the global acrylonitrile styrene acrylate market for the forecast years 2019-2023:
CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will accelerate the growth of the acrylonitrile styrene acrylate market during the next five years
Precise estimation of the global acrylonitrile styrene acrylate market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the acrylonitrile styrene acrylate industry across APAC, Europe, MEA, North America, and South America
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details of factors that will challenge the growth of acrylonitrile styrene acrylate companies
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch