Global Styrene Acrylonitrile Market Outlook to 2026

Styrene Acrylonitrile or SAN is a class of engineering thermoplastics known for its strength, rigidity, toughness, and transparency. According to BlueQuark Research & Consulting, the global Styrene Acrylonitrile market is expected to witness a significant growth rate during the forecasted period. The factors driving the global market include the growing use of Styrene Acrylonitrile in the consumer goods market, where it is used to manufacture toothbrush handles, hangers, etc., and in the packaging of cosmetics like lipstick cases and other personal care products. Further, the use of Styrene Acrylonitrile in the electronic industry to make electronic lenses, dial switches, meter covers, etc., is projected to drive the global Styrene Acrylonitrile market. Moreover, the use of Styrene Acrylonitrile in the medical industry to make dental equipment, medical light diffusers, and autoclavable devices are expected to drive the future market. The use of Styrene Acrylonitrile in making appliances like printers, calculators, and other office use products is also expected to propel the global market. However, factors like the product being non-biodegradable, cancer-causing materials, availability of substitutes, and growing government regulations on plastic products are expected to hinder its market growth over the analysis period.

Styrene Acrylonitrile is used to manufacture radios, air conditioner impellers, industrial battery cases, swimming pool components, bottle caps, etc. It is also used in end-use industries like consumer appliances, electronics, healthcare, and industrial industries.

The consumer goods industry is one of the primary consumers of Styrene Acrylonitrile, driving the global market where SAN is used for packaging, for the manufacture of products like bottle caps, nozzles, and other cosmetic packaging materials. According to Johnson & Johnson , a leading consumer goods manufacturer, their quarter one sales of 2021 stood at USD 23 Billion, reporting a 27.1% increase from USD 18 Billion in 2020. This increased sale shows the market for consumer goods has increased massively. Since Styrene Acrylonitrile is used in packaging such products, there is a vast market opportunity for the global Styrene Acrylonitrile market. Further, as the population is increasing and rapid urbanization occurs, there has been an increased demand for consumer goods that are a necessity golbally, thus driving the Styrene Acrylonitrile market. According to IBEF , the consumer goods sector in India reached USD 52.75 Billion in FY18 and reached USD 103.7 Billion in 2020. Therefore the use of Styrene Acrylonitrile in the consumer goods industry is expected to grow and drive the overall market in the future.

Some of the market's key players are Formosa Plastics Corporation , INEOS Styrolution , Chi Mei Corporation , Toray Industries Inc ., Covestro AG , Samsung Cheil Industries , among others.

The Asia Pacific region is expected to be the leader in Styrene Acrylonitrile production, with most of the consumption in China and India. With more than 60% of the global population residing in the region, the demand for consumer goods and medical equipment is expected to surge. Since medical devices like light diffusers, autoclavable devices, etc., are made from Styrene Acrylonitrile, the demand is likely to increase in the region. Further, the consumer goods sales will also increase, as is specified in the report published in China Daily, the retail sales of consumer goods in China hit USD 6 Trillion in 2020, with sales increasing 20% from the previous year. Further, the increased usage of cosmetics products in the region, with L'Oréal S.A. reporting a 23.8% growth of sales in the Asia Pacific region and another 37.9% increase in sales from mainland China in its 2021 quarter one results. Apart from the consumer goods industry, China, Japan, and South Korea are some of the largest electronics manufacturers, which have Styrene Acrylonitrile as one of the components, thus surging the demand for Styrene Acrylonitrile in the region. Further, the use of Styrene Acrylonitrile in lamps, instruments, printers, calculators, and other office use products is also likely to drive the Styrene Acrylonitrile market in the region. Factors like these have made the Asia Pacific an essential scope for the global Styrene Acrylonitrile market.

In July 2021, Indian Oil Corporation Limited approved to make a styrene monomer plant in North India with a production capacity of 387000 tons annually. Styrene Monomer is a crucial component to manufacture Styrene Acrylonitrile.

In June 2021, Taekwang Industrial announced to set up an acrylonitrile plant under a joint venture with LG Chem Limited to fulfill the global demand, aiming to produce 260,000 tons annually.

In May 2021, Styrene Acrylonitrile maker, Trinseo acquired Arkema's PMMA business.

Global Styrene Acrylonitrile Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Styrene Acrylonitrile market by segmenting based on Type (Emulsion, Continuous Mass Polymerization, Suspension), End-User Industry (Consumer Goods, Electronics, Healthcare, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market dynamics, market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.