DUBLIN--(BUSINESS WIRE)--The "India Styrene Acrylonitrile (SAN) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Type, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030" report has been added to ResearchAndMarkets.com's offering.
India Styrene Acrylonitrile resin (SAN) market demand stood at 260.81 Thousand Tonnes in FY2021 and is forecast to reach 437.28 Thousand Tonnes by FY2030, growing at a healthy CAGR of 5.91% until FY2030.
Companies Mentioned
- INEOS Styrolution India Limited
- Bhansali Engineering Polymers Limited
- LG Chem
- Daicel Polymer Limited
- Lotte Chemical Corporation
- Sabic Innovative Plastics
- China National Petroleum
- Toray Industries
- Ningbo LG Yongxing Chemical
- Formosa Plastic Group
Significant demand for SAN is observed in various sectors owing to its impressive properties like high rigidity, high heat resistance, and chemical resistance.
Increasing demand for Styrene Acrylonitrile in the electronics sector for jacketing of air conditioner impellers, dial switches, and industrial battery switches on account of its thermal insulation properties is expected to escalate the demand for SAN in India in the forecast period. Moreover, the sudden outbreak of Coronavirus in the final quarter of FY 2020 has raised high concerns about over-improved medical facilities and healthcare services all around the world.
Owing to the appreciable usage of Styrene Acrylonitrile in autoclavable devices, medical light diffusers, and dental applications, the demand for SAN is anticipated to grow considerably on growth in the demand for medical devices due to potential advances in the healthcare sector after Coronavirus stress. In addition to this, demand for SAN in packaging applications in the cosmetic and food industry to further drive the growth of the Indian SAN market in the forecast period.
Styrene Acrylonitrile is being produced in India by two renowned companies, INEOS Styrolution and Bhansali Engineering Polymers. These domestic manufacturers cater to over 60 percent of the domestic demand of the products while the rest of the demand is met through cheaper imports from China and South Korea. India is a major importer of Styrene which is a prominent raw material for SAN. Henceforth, the availability of Styrene in the domestic market is also a crucial factor in the production and supply of Styrene Acrylonitrile.
Recent proposal to impose anti-dumping duty on imports of Styrene to check the material injury of the domestic manufacturers and promote the domestic production of the product can linger the production of its derivatives like SAN and ABS till next fiscal year. However, this reform is likely to benefit the domestic SAN market in the forecast period owing to the easier availability of raw materials at a relatively lower price.
In India, North and South region India holds the maximum consumption share of SAN due to the presence of a large number of end-user industries and vast distribution channel. Demand for SAN is further dependent on the yearly production of derivative Acrylonitrile Butadiene Styrene (ABS). The proposed plan of capacity expansion of ABS from INEOS Styrolution due to its vivid demand from the consumer goods and packaging industry is anticipated to further propel the demand for SAN in the next five years.
Years Considered for this Report:
- Historical Years: FY2015 - FY2020
- Base Year: FY2021
- Estimated Year: FY2022
- Forecast Period: FY2023- FY2030
This report will be delivered on an online digital platform with a one-year subscription and quarterly update.
Objective of the Study:
- The primary objective of the study was to evaluate and forecast the SAN capacity, production, demand, and demand-supply gap in India.
- To categorize SAN demand based on end use, region, and distribution channel.
- To study trade dynamics and company share in the India SAN market.
- To identify major customers in the India SAN market.
- To evaluate and forecast SAN pricing in India.
- To identify and profile major companies operating in the India SAN market.
- To identify trending news, deals, and expansion plans in the India SAN market.
Key Topics Covered:
1. India Acrylonitrile Butadiene Styrene Market Outlook, 2015-2030
1.1. Capacity By Company
1.2. Capacity By Location
1.3. Capacity By Technology
1.4. Production, By Company
1.5. Operating Efficiency By Company
1.6. Country-Wise Import
1.7. Country-Wise Export
1.8. Demand-Supply Gap
2. India Acrylonitrile Butadiene Styrene Demand Outlook, 2015-2030
2.1. By End Use (Electrical & Electronics, Automotive, Household & Construction, Potential New Appliances, Others)
2.2. By Application
2.3. By Sales Channel (Direct Company sale, Direct Import, Distributors & Traders, Retailers)
2.4. By Region
2.5. By Company Share of Leading Players
3. News & Deals
For more information about this report visit https://www.researchandmarkets.com/r/c6we2i
