Styrene Maleic Anhydride Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[162+ Pages Report] According to the report published by Facts Factors, the global styrene maleic anhydride market size was worth around USD 128 million in 2019 and is predicted to grow to around USD 170 million by 2026 with a compound annual growth rate (CAGR) of roughly 4.2% between 2019 and 2026. The report analyzes the global styrene maleic anhydride market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the styrene maleic anhydride market.

The styrene maleic anhydride market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire styrene maleic anhydride market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• Extensive interviews with CXO’s of the major companies operating in the global styrene maleic anhydride market, the primary research concludes that the global styrene maleic anhydride market to witness a steady growth of nearly 4.2 % over the forecast period.
• In the year 2019, the market was valued at approximately USD 128 million, in 2019 and is expected to be valued over USD 170 million.
• On the basis of the application segment, automotive industry and phase solvent are expected to continue to occupy significant market share during the forecast period. The automotive segment is expected to witness highest CAGR during the forecast period.
• Asia Pacific region is expected to be the fastest growing region for styrene maleic anhydride over the forecast period. The North American and European region market are expected to contribute significantly in the global styrene maleic anhydride revenue.

Key Recommendations from Analysts

• Our analysts recommend increased focus towards the Asia Pacific market as it is still under penetrated as compared to the European and the North American region. The presence of high potential economies like China, Japan and India provides immense potential of growth in the region.
• The strategic developments such as regional expansion and product innovations by the major companies is likely to boom the global styrene maleic anhydride sale over the up-coming years.
• Our analysts recommend that the Asia Pacific region is predicted to witness a significant growth attributed to the growing demand for styrene maleic anhydride from China and India.       
• Rising economic conditions, growing regional trade especially in emerging market are anticipated to fuel the styrene maleic anhydride market growth in the developing regions over the forthcoming years.
• The North America and the European region are expected to remain primary source of significant revenue during the studied period. Regional dominance in these regions are expected to provide additional capital capabilities for expansion beyond the borders.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the styrene maleic anhydride industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the styrene maleic anhydride industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the styrene maleic anhydride market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the styrene maleic anhydride industry. The styrene maleic anhydride market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the styrene maleic anhydride sector. Key strategic developments in the Styrene maleic anhydride market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the styrene maleic anhydride market are appropriately highlighted in the report.

The demand for SMA resin in automotive industry is expected to rise significantly. Its use in powder coatings and leather products is expanding at good pace. The advantageous characteristics of SMA like transparent appearance, high dimensional stability, excellent heat resistance and specific reactivity of anhydride groups are propelling the consumption of SMA in different types of application.

Furthermore, the SMA market provides bright opportunity in the underpenetrated market like the Asia Pacific region. The consumption of SMA is expected to rise majorly in this region in foreseeable future, thereby providing opportunity for manufacturers to expand the business.

The styrene maleic anhydride market research report delivers an acute valuation and taxonomy of the styrene maleic anhydride industry by practically splitting the market based on product type, application and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the styrene maleic anhydride industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the styrene maleic anhydride industry is provided for the leading economies of the world.

The styrene maleic anhydride market is segmented based on product type, application and region. On the basis of product type segmentation, the market is classified into alternate styrene-maleic anhydride copolymer and random styrene-maleic anhydride copolymer. On the basis of application, the market is bifurcated into automobile industry, phase solvent, building materials and others.

Some of the essential players operating in the styrene maleic anhydride market, but not restricted to include

• Solenis
• Polyscope Polymers
• TOTAL Cray Valley
• Sartomer
• Ineos
• Arakawa Chemical Industries.

The taxonomy of the styrene maleic anhydride industry by its scope and segmentation is as follows:

By Product Type Segmentation Analysis

• A-SMA
• R-SMA

By Application Segmentation Analysis

• Automobile Industry
• Phase Solvent
• Building Materials
• Others

Global Styrene maleic anhydride Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa