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Global ASA Resin Market Size,Trends, Growth Forecast to 2031

Category : Chemicals & Materials | Report Code : 1808 | Pages : 141 | Oct 2024

Report Overview

ASA resin is an impact-modified resin copolymerized from ternary polymers such as styrene, acrylonitrile and acrylic rubber. Compared with ABS resin, ASA resin has about ten times better weather resistance and UV radiation resistance than ABS because the acrylic rubber does not contain double bonds. It can still maintain color stability, gloss and mechanical properties under long-term exposure to outdoor environments such as ultraviolet rays, moisture, heat, cold and impact. It is often used in automotive exterior decorative components, such as automotive rearview mirror housings, window lines, extruded solid profiles of door profiles, bumpers, etc. Due to its excellent weather resistance and mechanical properties, it can adapt to the use requirements of automobiles in various harsh environments. It can also be used to manufacture house sidings, windows, rainwater gutter systems, fences, etc. In outdoor buildings, ASA resin can maintain good performance and appearance for a long time and reduce maintenance costs. In general, ASA resin is an excellent engineering plastic with good weather resistance, mechanical and physical properties and processing properties, and is widely used in many fields.

The global ASA Resin market size is projected to grow from US$ 1151 million in 2024 to US$ 1634 million in 2030; it is expected to grow at a CAGR of 6.0% from 2024 to 2030.

Analytic Insights Hub' newest research report, the “ASA Resin Industry Forecast” looks at past sales and reviews total world ASA Resin sales in 2023, providing a comprehensive analysis by region and market sector of projected ASA Resin sales for 2024 through 2030. With ASA Resin sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world ASA Resin industry.

This Insight Report provides a comprehensive analysis of the global ASA Resin landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on ASA Resin portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global ASA Resin market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for ASA Resin and breaks down the forecast by Power, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global ASA Resin.

Automobile is the largest application field of ASA resin. Due to the huge automobile market, there is a large demand for resin for parts such as rearview mirrors, tailgates, and car lampshades. The weather resistance and impact resistance of ASA resin can meet the requirements of outdoor use of automobile parts. With the advancement of technology and the development of the market, the application of ASA resin in medical, new energy and other fields is also gradually increasing, bringing new growth points to the market. China's ASA resin industry started late, and early products mostly relied on imports. However, after nearly ten years of development, the number of local companies has continued to increase, and some companies have the ability to mass produce products. With the advantages of localization and cost control, they have occupied a certain share in the domestic market. With the continuous transfer of global industries, China is expected to gradually become the world's largest ASA resin producer in the future. At the same time, the economies of Southeast Asia, India and other regions have great development potential, and will become important demand areas for ASA resin in the future.

Global core ASA resin manufacturers include LG Chem, Ineos Styrolution etc.The top 5 companies hold a share about 65%.China is the largest market, with a share about 30%, followed by North America and Europe with the share about 22% and 17%.In terms of product, heat resistant grade is the largest segment, with a share over 40%. And in terms of application, the largest application is automobile, followed by architectural engineering.

This report presents a comprehensive overview, market shares, and growth opportunities of ASA Resin market by product type, application, key manufacturers and key regions and countries.

Segmentation by Power:
    Extrusion Grade
    Heat Resistant Grade
    Flame Retardant Grade
    General Grade

Segmentation by Application:
    Automobile
    Architectural Engineering
    Consumer Electronics and Home Appliances
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    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
    KINGFA

Key Questions Addressed in this Report
What is the 10-year outlook for the global ASA Resin market?
What factors are driving ASA Resin market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do ASA Resin market opportunities vary by end market size?
How does ASA Resin break out by Power, by Application?

Frequently Asked Questions?

Ans - The purpose of a ASA Resin market research report is to provide data-driven insights and analysis on a ASA Resin market. It helps businesses understand industry trends, competition, consumer behavior, market size, growth potential, and risks, supporting strategic decision-making.

Ans - Market research reports typically include both quantitative (market size, revenue, growth rates) and qualitative (trends, consumer preferences, competitive analysis) data. It often includes industry statistics, surveys, expert opinions, historical data, and future forecasts.

Ans - The forecast period typically for ASA Resin market report spans the next 5 to 10 years. It includes projected market trends, growth opportunities, and potential challenges.

Ans - Yes, Analytic Insights Hub customization services, allowing businesses to focus on specific geographies, sectors, or market segments that are relevant to them.

Ans - The report highlights major trends such as technological innovations, consumer behavior shifts, regulatory changes, or emerging markets that may impact the industry?s growth.