What is Global Acrylic Styrene Acrylonitrile (ASA) Market?
The Global Acrylic Styrene Acrylonitrile (ASA) Market is a vast and dynamic field that encompasses a wide range of products and applications. ASA, or Acrylic Styrene Acrylonitrile, is a type of plastic that is known for its high resistance to weathering and its ability to retain its color and gloss, even when exposed to harsh environmental conditions. This makes it an ideal material for a variety of industries, including automotive, construction, and consumer electronics. The global market for ASA was valued at a staggering US$ 944 million in 2022, and it is projected to grow even further in the coming years, reaching an estimated value of US$ 1243.2 million by 2029. This represents a compound annual growth rate (CAGR) of 4.2% from 2023 to 2029.
General Grade ASA, Extrusion Grade ASA, Heat Resistant Grade ASA, Other Grade ASA in the Global Acrylic Styrene Acrylonitrile (ASA) Market:
The Global Acrylic Styrene Acrylonitrile (ASA) Market is divided into several segments based on the grade of ASA. These include General Grade ASA, Extrusion Grade ASA, Heat Resistant Grade ASA, and Other Grade ASA. General Grade ASA is the most common type of ASA and is used in a wide range of applications due to its excellent weather resistance and color stability. Extrusion Grade ASA, on the other hand, is specifically designed for extrusion processes and offers superior dimensional stability and surface quality. Heat Resistant Grade ASA is used in applications that require high heat resistance, such as automotive parts and consumer electronics. Other Grade ASA includes specialized grades that are tailored for specific applications or industries.
Automobile, Architectural Engineering, Consumer Electronics and Home Appliances, Others in the Global Acrylic Styrene Acrylonitrile (ASA) Market:
The Global Acrylic Styrene Acrylonitrile (ASA) Market finds its usage in a variety of sectors. In the automobile industry, ASA is used in the manufacturing of various parts due to its high heat resistance and durability. In architectural engineering, it is used in the production of panels, siding, and other construction materials because of its excellent weather resistance and aesthetic appeal. In the consumer electronics and home appliances sector, ASA is used in the production of various components due to its high electrical insulation properties and dimensional stability. Other applications of ASA include outdoor furniture, signage, and sporting goods, among others.
Global Acrylic Styrene Acrylonitrile (ASA) Market Outlook:
Looking at the market outlook for the Global Acrylic Styrene Acrylonitrile (ASA) Market, it is clear that the market is set for significant growth in the coming years. In 2022, the market was valued at US$ 944 million, and it is expected to grow at a CAGR of 4.2% from 2023 to 2029, reaching an estimated value of US$ 1243.2 million by 2029. This growth is driven by the increasing demand for ASA in various industries, including automotive, construction, and consumer electronics. One of the key players in the ASA market is LG Chem, which accounted for 19% of the ASA Copolymers revenue market share in 2019.
| Report Metric | Details |
| Report Name | Acrylic Styrene Acrylonitrile (ASA) Market |
| Accounted market size in 2022 | US$ 1117.9 million |
| Forecasted market size in 2029 | US$ 1634.4 million |
| CAGR | 5.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | LG Chem, Ineos Styrolution, SABIC, Techno-UMG, NIPPON A&L, KUMHO-SUNNY, FCFC, Qingdao future Chemical, LOTTE Advanced Materials, CHIMEI, Chuangmei Technology, A. Schulman (LyondellBasell), Romira, SAX Polymers Industries, Run Feng |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
