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Global Styrene-Maleic Anhydride Copolymer Market Growth 2019-2024

Global Styrene-Maleic Anhydride Copolymer Market Growth 2019-2024

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Global Styrene-Maleic Anhydride Copolymer Market Growth 2019-2024
Global Styrene-Maleic Anhydride Copolymer Market...
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Styrene maleic anhydride (SMA) is a synthetic polymer that is built-up of styrene and maleic anhydride monomers. The polymer is formed by a radical polymerization, using an organic peroxide as the initiator. The main characteristics of SMA copolymer are its transparent appearance, high heat resistance, high dimensional stability, and the specific reactivity of the anhydride groups. The latter feature results in the solubility of SMA in alkaline (water-based) solutions and dispersion.
SMA resin has excellent performance, so in the automotive sector has been widely used; it also develops quickly in the field of powder coatings and leather products quickly. So it will show steady growth trend in the next few years, the study group estimates compound annual growth rate will reach about 4.2% in the next few years.

SMA resins are mainly produced by styrene and maleic anhydride; they are common chemicals, while global supply is adequate.

The world's major producer of SMA resins concentrates in Europe and the United States, the two regions are also the largest consumers, while in the Asia Pacific region, the application of SMA resin is still in its infancy, especially in China, the annual consumption is about 1200MT, is far below the average level in Europe and America.

In recent years the price of SMA resins impacted by the market of raw materials, prices showing a declining trend, but not much. However, due to high manufacturing technical barriers, manufacturer?s gross margin has obvious advantages compared to conventional resins.

According to this study, over the next five years the Styrene-Maleic Anhydride Copolymer market will register a 3.8% CAGR in terms of revenue, the global market size will reach USD 150 million by 2024, from USD 120 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Styrene-Maleic Anhydride Copolymer business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Styrene-Maleic Anhydride Copolymer market by product type, application, key manufacturers and key regions and countries.

This study considers the Styrene-Maleic Anhydride Copolymer value and volume generated from the sales of the following segments-

Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Automobile Industry
Phase Solvent
Building Materials

This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
United States
Southeast Asia
Middle East & Africa
South Africa
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Polyscope Polymers
TOTAL Cray Valley (TCV)
Baoding Lucky Chemical
YINXIN Chemical
Kaixin Fine Chemical

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Styrene-Maleic Anhydride Copolymer consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Styrene-Maleic Anhydride Copolymer market by identifying its various subsegments.
Focuses on the key global Styrene-Maleic Anhydride Copolymer manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Styrene-Maleic Anhydride Copolymer with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Styrene-Maleic Anhydride Copolymer submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.


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