The Styrene Acrylonitrile Market growth outlook with industry review and forecast

The major restraint for styrene acrylonitrile market is acceptance of other substitutes owning to increasing health and environmental concern related to styrene which used as a raw material in manufacturing product. The industry is expected to face certain challenges such as product commoditization, fluctuation of crude oil prices and shift in customer preferences for organic chemicals.

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Consumer goods is the fastest growing end use segment for product. There is a significant demand for SAN resins in manufacturing of tooth brush handle, hangers, food container, personal computers, televisions and handheld devices which is projected to boost product market size. Furthermore, high demand for electrical & electronic appliances is expected to fuel styrene acrylonitrile market.

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Growing use of SAN in medical applications which include dental equipment, autoclavable devices and medical light diffusers is a major driver for styrene acrylonitrile market size. Further, plastics used in industry and offices use the product for manufacturing due to its high strength, dimensional stability and resistance to acids and alkali.

The differentiating factor of styrene acrylonitrile market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook. Business focussed multiple trends for styrene acrylonitrile market are discussed along with regional trends to offer an overall view of the market.

The ‘industry insights’ chapter of this research provides the most comprehensive analysis of styrene acrylonitrile market covering segmentation, size, forecasts, ecosystem analysis and more. Industry impact forces (regional and global) that cover growth drivers and challenges, growth potential analysis, a strategy dashboard for competitive landscape of styrene acrylonitrile market support this sector specific data and information points.

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The styrene acrylonitrile market is consolidated with presence of many manufacturing companies worldwide. Some of the major companies are Samsung Cheil Industries, Chi Mei, INEOS, Ningbo LG Yongxing Chemical, Styrolution, China National Petroleum, Sabic Innovative plastics, Toray Industries, Formosa Plastics, Tianjin Dagu Chemicals, Styron, Techno Polymer and Petro China.

Companies have adopted several strategies to capture naphthalene market which include expansion, investments, merger and acquisitions. Manufacturing companies and end-product manufacturers infuse high investments for future technology modifications to match newer demand coming from several end-user industries. In May 2014, Stryrolution inaugurated a new SAN plant in India with an annual production of 100,000 metric tons, to meet the rising demand for styrene acrylonitrile resins across major end use industries in the region.

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