Acrylonitrile Styrene Acrylate (ASA) Market Report - Global Forecast till 2030

Acrylonitrile Styrene Acrylate (ASA) Market: Information by Manufacturing Process (Extrusion, Coextrusion, Injection Molding and others), Application (Automotive, Construction, Furniture and others) and Region (North America, Europe, Latin America, Asia-Pacific and Middle East & Africa) - Forecast till 2030

ID: MRFR/CnM/6699-HCR | February 2021 | Region: Global | 140 pages

Market Synopsis


The Global Acrylonitrile Styrene Acrylate (ASA) Market is expected to reach USD 1,050.6 Million by 2025, registering a CAGR of 6.1%. Acrylonitrile styrene acrylate (ASA) is a copolymer of styrene-acrylonitrile resin and acrylic rubber. It is a functional plastic that exhibits excellent weatherability property. ASA’s unique physical properties help to enhance the appearance of automobiles and buildings for a longer period. It is chiefly used in construction activities and manufacturing of furniture and automobile exteriors parts. In addition, its high stability, toughness, and resistance to aging & yellowing make it suitable in construction application. Hence, the high demand for ASA in the end-use industries is influencing the industrial players to increase the production capacity. For instance, in December 2018, INEOS Styrolution a Germany-based styrene supplier has announced to construct a new plant to produce 100,000 tons of ASA per year by 2021. The company has expanded the ASA production capacity to establish its market position in the global acrylonitrile styrene acrylate (ASA) market.


Acrylonitrile styrene acrylate plays a significant role in the automotive industry. The lightweight of ASA helps to increase the fuel efficiency of the automobiles. It is used in the manufacturing of side mirrors, window profiles, and radiator grille. Furthermore, technological advancements in the automotive industry have increased the demand for high-performance plastics. Acrylonitrile styrene acrylate helps to design automobile parts with complex geometries, which is difficult with the help of traditional metals. It optimizes energy efficiency and reduces CO2 emissions. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), the manufacturing of automobiles has significantly increased in India, Malaysia, Thailand, Brazil, and South Africa. Thus, the increasing manufacturing and sale of automobiles is expected to boost the demand for ASA and fuel the global market growth during the forecast period.


Key Players


Some of the prominent players in the global acrylonitrile styrene acrylate (ASA) market are  BASF SE (Germany), Lauren International (US), A. Schulman (US), INEOS Styrolution Group GmbH (Germany), LANXESS (Germany), LG Chem Ltd (South Korea), SABIC (Saudi Arabia), Chi Mei Corporation (Taiwan), and Entec Polymers (US), among others.  


Global Acrylonitrile Styrene Acrylate (ASA) Market Share, by Manufacturing Process 2018 (%)  Acrylonitrile Styrene Acrylate (ASA) Market


Source: MRFR Analysis


Regional Analysis


The global acrylonitrile styrene acrylate (ASA) market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.


Asia-Pacific is projected to be the fastest-growing market holding a major share of the global market. The high demand for ASA thermoplastic in the automotive industry to enhance the appearance of the automobiles and add weather resistance properties is driving the regional market growth. In addition, high investment in infrastructure development has increased construction activities in countries such as India, China, Indonesia, South Korea, and Singapore, which is also projected to boosting the growth of the regional market.


The growth of the European market is driven by increasing application of ASA in the automotive industry, the presence of a large number of automobile manufacturers, and the growing use of lightweight polymers. North America is likely to witness steady growth owing to the increasing application of ASA in construction activities to enhance the weather resistance properties. The increasing number of residential projects in the US is expected to drive the demand for ASA in the regional market during the forecast period.


The Middle East & African and Latin American markets are projected to record healthy CAGRs owing to rise in the number of infrastructure projects in the regions.


Market Segmentation


The global acrylonitrile styrene acrylate (ASA) market has been segmented on the basis of manufacturing process, application, and region. Based on manufacturing process, the global acrylonitrile styrene acrylate (ASA) market has been segregated into extrusion, coextrusion, injection molding, and others. The extrusion segment is expected to register a healthy CAGR owing to its increasing application in the automotive industry. The applications segments covered under the scope of the global market are automotive, construction, furniture, and others.


Intended Audience



  • Acrylonitrile styrene acrylate manufacturers

  • Traders and distributors of ASA

  • Research and development institutes

  • Potential investors

  • Raw material suppliers



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2025: USD 1,050.6 Million
  • 2030 : Significant value

    		•
      CAGR   6.1%(2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Manufacturing Process, Application and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   BASF SE (Germany), Lauren International (US), A. Schulman (US), INEOS Styrolution Group GmbH (Germany), LANXESS (Germany), LG Chem Ltd (South Korea), SABIC (Saudi Arabia), Chi Mei Corporation (Taiwan), and Entec Polymers (US), among others.
      Key Market Opportunities   The increasing manufacturing and sale of automobiles is expected to boost the demand
      Key Market Drivers   Technological advancements in the automotive industry have increased the demand for high-performance plastics.


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    Frequently Asked Questions (FAQ) :

    The automotive industry would trigger market growth.

    The Asia Pacific is slated to be the fastest among the Acrylonitrile Styrene Acrylate (ASA) market players.

    The manufacturing processes discussion includes extrusion, coextrusion, injection molding, and others.

    The application segment includes furniture, construction, automotive, and others.

    The Acrylonitrile Styrene Acrylate (ASA) market would grow up to USD 1,050.6 million by 2025.

    Table of Contents

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Supply Chain Analysis

    4.1.1 Raw Material Suppliers

    4.1.2 Manufacturers/Producers

    4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants

    4.1.4 Application Industry

    4.2 Porter’s Five Forces Analysis

    4.2.1 Threat of New Entrants

    4.2.2 Bargaining Power of Buyers

    4.2.3 Bargaining Power of Suppliers

    4.2.4 Threat of Substitutes

    4.2.5 Intensity of Competitive Rivalry

    5 Industry Overview of Global Acrylonitrile Styrene Acrylate (ASA) Market

    5.1 Introduction

    5.2 Drivers

    5.3 Restraints

    5.4 Opportunities

    5.5 Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact Analysis

    7. Global Acrylonitrile Styrene Acrylate (ASA) Market, by Manufacturing Process

    7.1 Introduction

    7.2 Extrusion

    7.2.1 Market Estimates & Forecast, 2020–2027

    7.2.2 Market Estimates & Forecast, by Region, 2020–2027

    7.3 Coextrusion

    7.3.1 Market Estimates & Forecast, 2020–2027

    7.3.2 Market Estimates & Forecast, by Region, 2020–2027

    7.4 Injection Molding

    7.4.1 Market Estimates & Forecast, 2020–2027

    7.4.2 Market Estimates & Forecast, by Region, 2020–2027

    7.5 Others

    7.5.1 Market Estimates & Forecast, 2020–2027

    7.5.2 Market Estimates & Forecast, by Region, 2020–2027

    8. Global Acrylonitrile Styrene Acrylate (ASA) Market, by Application

    8.1 Introduction

    8.2 Automotive

    8.2.1 Market Estimates & Forecast, 2020–2027

    8.2.2 Market Estimates & Forecast, by Region, 2020–2027

    8.3 Construction

    8.3.1 Market Estimates & Forecast, 2020–2027

    8.3.2 Market Estimates & Forecast, by Region, 2020–2027

    8.4 Furniture

    8.4.1 Market Estimates & Forecast, 2020–2027

    8.4.2 Market Estimates & Forecast, by Region, 2020–2027

    8.5 Others

    8.5.1 Market Estimates & Forecast, 2020–2027

    8.5.2 Market Estimates & Forecast, by Region, 2020–2027

    9. Global Acrylonitrile Styrene Acrylate (ASA) Market, by Region

    9.1 Introduction

    9.2 North America

    9.2.1 Market Estimates & Forecast, 2020–2027

    9.2.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.2.3 Market Estimates & Forecast by Application, 2020–2027

    9.2.4 US

    9.2.4.1 Market Estimates & Forecast, 2020–2027

    9.2.4.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.2.4.3 Market Estimates & Forecast by Application, 2020–2027

    9.2.5 Canada

    9.2.5.1 Market Estimates & Forecast, 2020–2027

    9.2.5.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.2.5.3 Market Estimates & Forecast by Application, 2020–2027

    9.3 Europe

    9.3.1 Market Estimates & Forecast, 2020–2027

    9.3.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.3.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.4 Germany

    9.3.4.1 Market Estimates & Forecast, 2020–2027

    9.3.4.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.3.4.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.5. France

    9.3.7.1 Market Estimates & Forecast, 2020–2027

    9.3.7.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.3.7.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.6 Italy

    9.3.8.1 Market Estimates & Forecast, 2020–2027

    9.3.8.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.3.8.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.7 Spain

    9.3.9.1 Market Estimates & Forecast, 2020–2027

    9.3.9.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.3.9.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.8 UK

    9.3.8.1 Market Estimates & Forecast, 2020–2027

    9.3.8.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.3.8.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.9 Russia

    9.3.9.1 Market Estimates & Forecast, 2020–2027

    9.3.9.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.3.9.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.10 Rest of Europe

    9.3.10.1 Market Estimates & Forecast, 2020–2027

    9.3.10.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.3.10.3 Market Estimates & Forecast by Application, 2020–2027

    9.4 Asia-Pacific

    9.4.1 Market Estimates & Forecast, 2020–2027

    9.4.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.4.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.4 China

    9.4.4.1 Market Estimates & Forecast, 2020–2027

    9.4.4.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.4.4.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.5 India

    9.4.5.1 Market Estimates & Forecast, 2020–2027

    9.4.5.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.4.5.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.6 Japan

    9.4.6.1 Market Estimates & Forecast, 2020–2027

    9.4.6.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.4.6.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.7 Australia

    9.4.7.1 Market Estimates & Forecast, 2020–2027

    9.4.7.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.4.7.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.8 New Zealand

    9.4.8.1 Market Estimates & Forecast, 2020–2027

    9.4.8.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.4.8.3Market Estimates & Forecast by Application, 2020–2027

    9.4.9 South Korea

    9.4.9.1 Market Estimates & Forecast, 2020–2027

    9.4.9.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.4.9.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.10 Rest of Asia Pacific

    9.4.10.1 Market Estimates & Forecast, 2020–2027

    9.4.10.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.4.10.3Market Estimates & Forecast by Application, 2020–2027

    9.5 Middle East & Africa

    9.5.1 Market Estimates & Forecast, 2020–2027

    9.5.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.5.3 Market Estimates & Forecast by Application, 2020–2027

    9.5.4 Saudi Arabia

    9.5.4.1 Market Estimates & Forecast, 2020–2027

    9.5.4.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.5.4.3 Market Estimates & Forecast by Application, 2020–2027

    9.5.5 UAE

    9.5.5.1 Market Estimates & Forecast, 2020–2027

    9.5.5.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.5.5.3 Market Estimates & Forecast by Application, 2020–2027

    9.5.6 Africa

    9.5.6.1 Market Estimates & Forecast, 2020–2027

    9.5.6.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.5.6.3Market Estimates & Forecast by Application, 2020–2027

    9.5.7 Rest of the Middle East & Africa

    9.5.7.1 Market Estimates & Forecast, 2020–2027

    9.5.7.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.5.7.3 Market Estimates & Forecast by Application, 2020–2027

    9.6 Latin America

    9.6.1 Market Estimates & Forecast, 2020–2027

    9.6.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.6.3 Market Estimates & Forecast by Application, 2020–2027

    9.6.4 Brazil

    9.6.4.1 Market Estimates & Forecast, 2020–2027

    9.6.4.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.6.4.5 Market Estimates & Forecast by Application, 2020–2027

    9.6.5 Argentina

    9.6.5.1 Market Estimates & Forecast, 2020–2027

    9.6.5.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.6.5.5 Market Estimates & Forecast by Application, 2020–2027

    9.6.6 Mexico

    9.6.6.1 Market Estimates & Forecast, 2020–2027

    9.6.6.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.6.6.5 Market Estimates & Forecast by Application, 2020–2027

    9.6.7 Rest of Latin America

    9.6.7.1 Market Estimates & Forecast, 2020–2027

    9.6.7.2 Market Estimates & Forecast by Manufacturing Process, 2020–2027

    9.6.7.5 Market Estimates & Forecast by Application, 2020–2027

    10. Competitive Landscape

    10.1 Introduction

    10.2 Market Key Strategies

    10.3 Key Development Analysis

    (Expansions/Mergers & Acquisitions/Joint Ventures/ Agreements/Investments)

    11. Company Profiles

    11.1 BASF SE

    11.1.1 Company Overview

    11.1.2 Financial Updates

    11.1.3 Application/Business Segment Overview

    11.1.4 Key Developments

    11.1.5 SWOT Analysis

    11.1.6 Key Strategies

    11.2 Lauren International

    11.2.1 Company Overview

    11.2.2 Financial Updates

    11.2.3 Application/Business Segment Overview

    11.2.4 Key Developments

    11.2.5 SWOT Analysis

    11.2.6 Key Strategies

    11.3 A. Schulman

    11.3.1 Company Overview

    11.3.2 Financial Updates

    11.3.3 Application/Business Segment Overview

    11.3.4 Key Developments

    11.3.5 SWOT Analysis

    11.3.6 Key Strategies

    11.4 INEOS Styrolution Group GmbH

    11.4.1 Company Overview

    11.4.2 Financial Updates

    11.4.3 Application/Business Segment Overview

    11.4.4 Key Developments

    11.4.5 SWOT Analysis

    11.4.6 Key Strategies

    11.5 LANXESS

    11.5.1 Company Overview

    11.5.2 Financial Updates

    11.5.3 Application/Business Segment Overview

    11.5.4 Key Developments

    11.5.5 SWOT Analysis

    11.5.6 Key Strategies

    11.6 LG Chem Ltd

    11.6.1 Company Overview

    11.6.2 Financial Updates

    11.6.3 Application/Business Segment Overview

    11.6.4 Key Developments

    11.6.5 SWOT Analysis

    11.6.6 Key Strategies

    11.7 SABIC

    11.7.1 Company Overview

    11.7.2 Financial Updates

    11.7.3 Application/Business Segment Overview

    11.7.4 Key Developments

    11.7.5 SWOT Analysis

    11.7.6 Key Strategies

    11.8 Chi Mei Corporation

    11.8.1 Company Overview

    11.8.2 Financial Updates

    11.8.3 Product/Business Segment Overview

    11.8.4 Key Developments

    11.8.5 SWOT Analysis

    11.8.6 Key Strategies

    11.9 Entec Polymers

    11.9.1 Company Overview

    11.9.2 Financial Updates

    11.9.3 Product/Business Segment Overview

    11.9.4 Key Developments

    11.9.5 SWOT Analysis

    11.9.6 Key Strategies

    11.10 Ascend Performance Materials

    11.10.1 Company Overview

    11.10.2 Financial Updates

    11.10.3 Product/Business Segment Overview

    11.10.4 Key Developments

    11.10.5 SWOT Analysis

    11.10.6 Key Strategies

    12. Conclusion

    LIST OF TABLES

    Table 1 Global Acrylonitrile Styrene Acrylate (ASA) Market, by Region, 2020–2027

    Table 2 North America: Acrylonitrile Styrene Acrylate (ASA) Market, by Country, 2020–2027

    Table 3 Europe: Acrylonitrile Styrene Acrylate (ASA) Market, by Country, 2020–2027

    Table 4 Asia-Pacific: Acrylonitrile Styrene Acrylate (ASA) Market, by Country, 2020–2027

    Table 5 Middle East & Africa: Acrylonitrile Styrene Acrylate (ASA) Market, by Country, 2020–2027

    Table 6 Latin America: Acrylonitrile Styrene Acrylate (ASA) Market, by Country, 2020–2027

    Table 7 Acrylonitrile Styrene Acrylate Manufacturing Process Market, by Region, 2020–2027

    Table 8 North America: Acrylonitrile Styrene Acrylate Manufacturing Process Market, by Country,

    2020–2027

    Table 9 Europe: Acrylonitrile Styrene Acrylate Manufacturing Process Market, by Country, 2020–2027

    Table 10 Asia-Pacific: Acrylonitrile Styrene Acrylate Manufacturing Process Market, by Country, 2020–2027

    Table 11 Middle East & Africa: Acrylonitrile Styrene Acrylate Manufacturing Process Market, by Country,

    2020–2027

    Table 12 Latin America: Acrylonitrile Styrene Acrylate Manufacturing Process Market, by Country, 2020–2027

    Table 13 Acrylonitrile Styrene Acrylate Application Market, by Region, 2020–2027

    Table 14 North America: Acrylonitrile Styrene Acrylate Application Market, by Country, 2020–2027

    Table 15 Europe: Acrylonitrile Styrene Acrylate Application Market, by Country, 2020–2027

    Table 16 Asia-Pacific: Acrylonitrile Styrene Acrylate Application Market, by Country, 2020–2027

    Table 17 Middle East & Africa: Acrylonitrile Styrene Acrylate Application Market, by Country, 2020–2027

    Table 18 Latin America: Acrylonitrile Styrene Acrylate Application Market, by Country, 2020–2027

    Table 19 Global Manufacturing Process Market, by Region, 2020–2027

    Table 20 Global Application Market, by Region, 2020–2027

    Table 21 North America: Acrylonitrile Styrene Acrylate (ASA) Market, by Country, 2020–2027

    Table 22 North America: Acrylonitrile Styrene Acrylate (ASA) Market, by Manufacturing Process, 2020–2027

    Table 23 North America: Acrylonitrile Styrene Acrylate (ASA) Market, by Application, 2020–2027

    Table 24 Europe Acrylonitrile Styrene Acrylate (ASA) Market, by Country, 2020–2027

    Table 25 Europe Acrylonitrile Styrene Acrylate (ASA) Market, by Manufacturing Process, 2020–2027

    Table 26 Europe Acrylonitrile Styrene Acrylate (ASA) Market, by Application, 2020–2027

    Table 27 Asia-Pacific Acrylonitrile Styrene Acrylate (ASA) Market, by Country, 2020–2027

    Table 28 Asia-Pacific Acrylonitrile Styrene Acrylate (ASA) Market, by Manufacturing Process, 2020–2027

    Table 29 Asia-Pacific Acrylonitrile Styrene Acrylate (ASA) Market, by Application, 2020–2027

    Table 30 Middle East & Africa: Acrylonitrile Styrene Acrylate (ASA) Market, by Country, 2020–2027

    Table 31 Middle East & Africa: Acrylonitrile Styrene Acrylate (ASA) Market, by Manufacturing Process, 2020–2027

    Table 32 Middle East & Africa: Acrylonitrile Styrene Acrylate (ASA) Market, by Application, 2020–2027

    Table 33 Latin America: Acrylonitrile Styrene Acrylate (ASA) Market, by Country, 2020–2027

    Table 34 Latin America: Acrylonitrile Styrene Acrylate (ASA) Market, by Manufacturing Process, 2020–2027

    Table 35 Latin America: Acrylonitrile Styrene Acrylate (ASA) Market, by Application, 2020–2027

    LIST OF FIGURES

    FIGURE 1 Acrylonitrile Styrene Acrylate (ASA) Market Segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Porter’s Five Forces Analysis of Acrylonitrile Styrene Acrylate (ASA) Market

    FIGURE 4 Supply Chain of Acrylonitrile Styrene Acrylate (ASA) Market

    FIGURE 5 Share of Acrylonitrile Styrene Acrylate (ASA) Market, by Country, 2020 (%)

    FIGURE 6 Global Acrylonitrile Styrene Acrylate (ASA) Market, 2020–2027

    FIGURE 7 Sub Segments of Manufacturing Process

    FIGURE 9 Global Acrylonitrile Styrene Acrylate (ASA) Market size, by Manufacturing Process, 2020 (%)

    FIGURE 10 Share of Acrylonitrile Styrene Acrylate (ASA) Market, by Manufacturing Process, 2020–2027

    FIGURE 17 Sub Segments of Application

    FIGURE 18 Acrylonitrile Styrene Acrylate (ASA) Market size, by Application, 2020 (%)

    FIGURE 19 Share of Acrylonitrile Styrene Acrylate (ASA) Market, by Application, 2020–2027