Acrylonitrile Styrene Acrylate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
Acrylonitrile styrene acrylate is an amorphous plastic, which is employed in various sectors such as automobiles, building & construction, and electronics. Acrylonitrile styrene acrylate is often compared to its styrenic polymer counterpart acrylonitrile butadiene styrene. Properties of acrylonitrile styrene include UV resistance and color stability, cost effectiveness, good impact strength, resistance against various cleaning agents, high dimensional stability, superior long term performance, good adhesion to soft components, and excellent heat aging resistance. Extruded acrylonitrile styrene acrylate is well known for its high UV resistance. Therefore, it is used for applications that demand high degree of weatherability. Extruded acrylonitrile styrene acrylate is primarily used in outdoor applications either as a complete component or as a capping layer over a more UV susceptible polymer.
Based on application, the global acrylonitrile styrene acrylate market can be classified into automobiles, construction, and electronics. Acrylonitrile styrene acrylate is suitable for the electroplating of metallic surfaces. It is largely used in the automotive sector. Acrylonitrile styrene acrylates are used in front grills, trim, and metalized emblems. Acrylonitrile styrene acrylate is expected to positively influence the electronics sector owing to the rise in demand for ruggedness and inherent flame retardant properties. Applications of acrylonitrile styrene acrylate in the building & construction sector can be sub-segmented into pipes & ducts, insulation, door and window fittings, roofing & flooring, and waterproofing.
Growth in the building & construction industry is one of the key drivers of the global acrylonitrile styrene acrylate market. Superior weathering resistance of acrylonitrile styrene acrylate allows manufacturers to focus more on its production. Acrylonitrile styrene acrylate is used in gutters and fittings and drain pipe and fittings, etc. in the building & construction industry. High demand for acrylonitrile styrene acrylate in the automobile industry is considered another significant factor boosting the acrylonitrile styrene acrylate market. The automotive industry uses engineered thermoplastics such as acrylonitrile styrene acrylate in order to make components such as safety subsystems and door and seat assemblies. Novel trends in the market, such as 3D printing, and growth potential of the market are projected to propel the acrylonitrile styrene acrylate market in the near future. Acrylonitrile styrene acrylate can also be used in electrical filaments.
The global acrylonitrile styrene acrylate market expanded at a modest pace in 2016. This trend is estimated to continue during the forecast period. North America accounted for significant share of the acrylonitrile styrene acrylate market in 2016 due to the availability of raw material processing and technological advancements in the region. Growth in the automotive industry in North America is a key factor anticipated to augment the market. Demand for highly fuel efficient vehicles and strong protective coatings is increasing in the region. Similarly, the acrylonitrile styrene acrylate market has been expanding in Europe. Germany and France are considered the key countries of the acrylonitrile styrene acrylate market in Europe. However, outlook for the acrylonitrile styrene acrylate market appears positive in the eastern parts of Europe, especially in countries such as Russia and Serbia. Growth in the construction market is also fueling the acrylonitrile styrene acrylate market in Europe. Asia Pacific is also considered a key country of the market for acrylonitrile styrene acrylate due to the strong demand from China and India. Changes in lifestyle and rise in population are key factors that are fueling the acrylonitrile styrene acrylate market in Asia Pacific. In terms of demand, Brazil constitutes key share of the acrylonitrile styrene acrylate market in the region due to the recent developmental activities in the building & construction sector in the country. Middle East & Africa is also likely to be an attractive region of the market in the near future since as it is considered a region with high growth potential for building and construction activities.
Key players operating in the acrylonitrile styrene acrylate market include BASF SE, A Lauren International Company, A Schulman, Inc, INEOS Styrolution Group GmbH, and LANXESS.
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