GITNUX MARKETDATA REPORT 2024

Acrylonitrile Styrene Acrylate Industry Statistics

Acrylonitrile Styrene Acrylate industry statistics indicate steady growth in production and consumption, driven by increased demand for durable and weather-resistant plastics in various applications.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will dive into the comprehensive statistics surrounding the Acrylonitrile Styrene Acrylate (ASA) industry, offering insights into market sizes, regional contributions, growth projections, key industry players, and end-user sectors driving demand. From the anticipated market sizes to the projected CAGRs, these data points paint a vivid picture of the dynamics shaping the global ASA market landscape.

Statistic 1

"Global Acrylonitrile Styrene Acrylate (ASA) market size expected to reach $35.1 billion by 2026."

Statistic 2

"Asia Pacific contributed to over 50% of the global Acrylonitrile Styrene Acrylate market in 2018."

Statistic 3

"The ASA industry is expected to register a CAGR of 5% between 2020 and 2026."

Statistic 4

"Automotive industry is expected to contribute close to 30% of the demand in the ASA market by 2025."

Statistic 5

"The global ASA market was estimated at USD 613.5 million in 2014."

Statistic 6

"The global ASA market is projected to expand at a steady CAGR of 3.1% during 2020-2030."

Statistic 7

"By 2026, the consumption volume of ASA resin is expected to reach 540.4 Kilotons."

Statistic 8

"The Chinese ASA market is anticipated to grow at a CAGR of 6% during the forecast period."

Statistic 9

"The ASA market size is estimated to reach $647.1 million by 2025."

Statistic 10

"In India, the production of acrylonitrile styrene acrylate has increased at a rate of approximately 7% annually."

Statistic 11

"U.S. contributed 15% of the global Acrylonitrile Styrene Acrylate market in 2017."

Statistic 12

"The CAGR of Acrylonitrile Styrene Acrylate market is projected to be 6.2% from 2018 to 2026."

Statistic 13

"The global demand for acrylonitrile was 11.79 million tons in 2017, and it is predicted to reach 16 million tons by 2023."

Statistic 14

"The ASA market size in 2017 was over 530 kilo tons in volume terms."

Statistic 15

"Global ASA market share is consolidated and major industry participants include INEOS Styrolution, LyondellBasell and SABIC."

Statistic 16

"The construction industry is expected to hold more than 60% of the product share by 2024."

Statistic 17

"The use of ASA in agriculture accounted for more than 10% of the overall market in 2018."

In conclusion, the Acrylonitrile Styrene Acrylate (ASA) industry is poised for significant growth in the coming years, with market size expected to reach $35.1 billion by 2026. Asia Pacific remains a key player, contributing over 50% of the global market in 2018, while the automotive industry is expected to drive close to 30% of the demand by 2025. With a projected CAGR of 5% between 2020 and 2026, the global ASA market is set to expand steadily, with major players like INEOS Styrolution, LyondellBasell, and SABIC dominating the market share. The construction industry is anticipated to hold a substantial product share by 2024, emphasizing the diverse applications of ASA across various sectors.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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