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Styrene Acrylonitrile Resin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24432
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Styrene Acrylonitrile Resin Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Styrene Acrylonitrile Resin | Chemical | USA | 2055 USD/MT |
| Styrene Acrylonitrile Resin | Chemical | South Korea | 1287 USD/MT |
| Styrene Acrylonitrile Resin | Chemical | Germany | 2329 USD/MT |
The price of styrene-acrylonitrile (SAN) resin in the United States for 2023 reached 2055 USD/MT in December. The market in North America faced challenges due to oversupply and reduced overseas demand, particularly in packaging and household manufacturing.
Meanwhile, the price trend for SAN resin in South Korea reached 1287 USD/MT in December 2023. The market witnessed a bearish trend due to high supply and repeated material surges from manufacturing units, resulting in oversupply. The persistent weakness in styrene fundamentals and lower energy prices decreased production costs, prompting suppliers to offer discounts.
Furthermore, in Germany, SAN resin reached 2329 USD/MT in December 2023. The market saw a stable to bearish trend. Additionally, oversupply from manufacturing units and moderate demand from packaging and consumer goods sectors led to declining prices. Stable supply persisted, but diminished demand from electronics and industrial equipment sectors drove prices down.
Styrene Acrylonitrile Resin Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Styrene Acrylonitrile Resin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of styrene acrylonitrile resin pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of styrene acrylonitrile resin at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of styrene acrylonitrile resin price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing styrene acrylonitrile resin price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Styrene Acrylonitrile Resin Market Analysis
The global styrene acrylonitrile resin market size reached 714.15 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 1034.19 Thousand Tons, at a projected CAGR of 4.20% during 2023-2032.
- The increasing use of SAN resin in the automotive and aerospace industries, where it is valued for its lightweight properties to contribute to improved fuel efficiency and performance, represents the key factor driving the market growth.
- Similarly, the thermal stability of SAN resin ensures that it can maintain its properties at elevated temperatures. This has further heightened its demand in applications that involve exposure to heat, such as in automotive under-the-hood components or household appliances, thereby fostering market expansion. SAN’s ability to withstand higher temperatures without deforming or losing integrity enhances its suitability for demanding environments.
- Besides this, SAN resin offers high impact resistance, making it suitable for products that require durability and toughness. This characteristic is especially beneficial in the production of protective gear, safety equipment, and consumer electronics housings, thus aiding the market growth.
- Moreover, the ease with which SAN can be processed, molded, and extruded using standard plastic processing techniques such as injection molding and extrusion is another significant growth driver. This versatility in processing allows manufacturers to produce complex shapes and designs efficiently, reducing production costs and time.
- Besides this, SAN resin provides an excellent surface finish, which is important for products requiring a high-quality appearance. Its glossy and smooth surface enhances the visual appeal of consumer goods, such as home appliances and cosmetic containers, thus bolstering the market growth.
- Another factor bolstering the market demand is its cost-effectiveness compared to other high-performance plastics. SAN’s lower material cost, along with its efficient processing capabilities, makes it an attractive option for manufacturers looking to balance performance with budget constraints.
- Furthermore, the widespread product utilization in outdoor applications like garden furniture, playground equipment, and outdoor signage due to its excellent resistance to ultraviolet (UV) light is propelling the market forward. UV resistance prevents degradation and discoloration when the material is exposed to sunlight, ensuring the longevity and aesthetic quality of outdoor products.
Styrene Acrylonitrile Resin News
The report covers the latest developments, updates, and trends impacting the global styrene acrylonitrile resin market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in styrene acrylonitrile resin production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the styrene acrylonitrile resin price trend.
Latest developments in the styrene acrylonitrile resin industry:
- In June 2024, Trinseo introduced new recycled-content acrylonitrile butadiene styrene (ABS) and SAN resins under the MAGNUM™ ECO+, MAGNUM™ CR, and TYRIL™ CR brands. These resins, containing up to 60% chemically recycled styrene, offer up to an 18% reduction in carbon footprint. They match the performance of fossil-based counterparts and are suitable for automotive, industrial, and consumer goods applications using existing tooling and processing conditions.
Product Description
SAN is a copolymer plastic consisting of styrene and acrylonitrile. Typically, it contains approximately 70-80% styrene and 20-30% acrylonitrile. The combination of these two monomers results in a material that exhibits the clarity and rigidity of polystyrene, along with the chemical resistance and toughness of acrylonitrile. SAN is commonly used in a variety of applications due to its advantageous properties, including transparency, strength, and resistance to chemicals and heat.
In the automotive sector, it is often employed in the manufacturing of various interior and exterior components due to its durability and aesthetic qualities. The household goods industry also makes extensive use of SAN in products like kitchenware and small appliances, where its transparency and resistance to oils and fats are particularly valued.
Regional Coverage
The report provides a detailed analysis of the styrene acrylonitrile resin market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the styrene acrylonitrile resin price trend.
Global Styrene Acrylonitrile Resin Price
The report offers a holistic view of the global styrene acrylonitrile resin pricing trends in the form of styrene acrylonitrile resin price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of styrene acrylonitrile resin but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed styrene acrylonitrile resin demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Styrene Acrylonitrile Resin Price
In Q4 2023, the European SAN market showed a stable to bearish trend, driven by oversupply and moderate to low demand from the packaging and consumer goods sectors. Belgium's market faced challenges due to a significant rise in Acrylonitrile costs and a sharp decline in Styrene prices. This imbalance in feedstock costs affected the overall SAN market. The supply remained stable, but the reduced demand from the electronics and industrial equipment manufacturing sectors led to price declines. The market sentiment reflected these dynamics, showing weaker performance compared to the previous quarter and the same period last year.
This analysis can be extended to include detailed styrene acrylonitrile resin price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Styrene Acrylonitrile Resin Price
In Q4 2023, the SAN market in North America faced significant challenges due to oversupply from manufacturing units and weakened demand from key downstream industries like packaging and household goods. The USA saw declining prices, influenced by reduced overseas demand despite robust domestic consumption in the automotive and packaging industries. However, towards the end of the quarter, the SAN market showed signs of price stabilization after a prolonged decline.
Specific styrene acrylonitrile resin historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Styrene Acrylonitrile Resin Price
The report explores the styrene acrylonitrile resin pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on styrene acrylonitrile resin prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Styrene Acrylonitrile Resin Price
In Q4 2023, the SAN market in the Asia Pacific (APAC) region remained stable with moderate demand from downstream segments. Suppliers offered discounts due to weak Styrene fundamentals and lower energy prices, aiming to boost market participation. Despite balanced supply and no plant shutdowns, the market faced challenges from restrained consumer goods manufacturing demand. South Korea experienced a bearish market with oversupply and declining trends, exacerbated by high material surges from manufacturing units.
This styrene acrylonitrile resin price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Styrene Acrylonitrile Resin Price
The analysis of styrene acrylonitrile resin prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Styrene Acrylonitrile Resin |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Styrene Acrylonitrile Resin Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of styrene acrylonitrile resin pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting styrene acrylonitrile resin price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The styrene acrylonitrile resin price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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- For further assistance, please connect with our analysts.
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