Global Acrylonitrile Styrene Acrylate Market Report 2019-2023 with Profiles of Major Players - LANXESS AG, LG Chem, and SABIC - ResearchAndMarkets.com

The "Global
Acrylonitrile Styrene Acrylate Market 2019-2023" report has
been added to ResearchAndMarkets.com's offering.

The acrylonitrile styrene acrylate market will register a CAGR of over
2% by 2023.

The increasing use of acrylonitrile styrene acrylate in the production
of various automotive components, including interior parts, instrument
panel, lighting components, hoods, and electrical parts, is expected to
foster the growth of the market during the forecast period. Properties
such as surface finish, high tensile strength, stability, and resistance
to chemicals make acrylonitrile styrene acrylate suitable for the
abovementioned applications.

Acrylic styrene acrylonitrile is used in the production of automotive
exterior components such as radiator grills and mirror housing.
Thermoformed plastics such as acrylonitrile styrene acrylate, help
reduce vehicle weight and improve the fuel efficiency of vehicles.
Regulations on fuel efficiency compel automobile manufacturers to reduce
the overall weight of the vehicles by using acrylic styrene
acrylonitrile.

Market Overview

Superior properties of acrylonitrile styrene acrylate

Acrylonitrile styrene acrylate exhibits better performance and
efficiency than other styrene copolymers and is thus used in various
end-user industries such as automobile, construction, and home
appliances. It is more cost-effective, chemically resistant, and durable
than other styrene copolymers such as acrylonitrile butadiene styrene.
High surface quality, better impact strength, and UV resistance make it
suitable for various exterior applications such as window profiling and
siding.

Increase in raw material prices

Acrylonitrile, styrene, and acrylate are some of the primary raw
materials required to produce acrylonitrile styrene acrylate. An
increase in acrylonitrile prices will raise the production cost of
acrylonitrile styrene acrylate. The increased turnaround time and
production bottlenecks of acrylonitrile plants have contributed to the
tight supply. The increased prices of acrylonitrile push acrylonitrile
styrene acrylate vendors to cut production rates, which will hinder the
market growth.

Competitive Landscape

The market appears to be moderately fragmented. The presence of several
companies, including Chi Mei Corp. and INEOS AG, the competitive
environment is quite intense. This market research report will help
clients identify new growth opportunities and design unique growth
strategies by providing a comprehensive analysis of the market's
competitive landscape and offering information on the products offered
by companies.

LANXESS AG, LG Chem Ltd., and SABIC are some of the major companies
covered in this report.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• Preface
• Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

• Market segmentation by application
• Comparison by application
• Automotive - Market size and forecast 2018-2023
• Consumer electronics - Market size and forecast 2018-2023
• Construction - Market size and forecast 2018-2023
• Others - Market size and forecast 2018-2023
• Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2018-2023
• North America - Market size and forecast 2018-2023
• Europe - Market size and forecast 2018-2023
• South America - Market size and forecast 2018-2023
• MEA - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Increased preference for in-mold painting technology in automobile
  industry
• Growing demand for battery components
• Increase in demand from additive manufacturing

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Chi Mei Corp.
• INEOS AG
• Lanxess AG
• LG Chem Ltd.
• SABIC
  

For more information about this report visit https://www.researchandmarkets.com/r/txdj7x

View source version on businesswire.com: https://www.businesswire.com/news/home/20190530005437/en/