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The past few years have seen remarkable trends and developments in the Acrylonitrile Styrene Acrylate (ASA) market, reflecting a highly volatile environment brought about by several factors. A thermoplastic polymer called ASA has grown significantly in its inherent versatility, which provides a range of attributes, including high resistance levels against impact, weatherability, and thermal stability. For example, one notable thing happening within the market is the growing demand for ASA within the construction sector. Another emerging trend is the increased use of ASA within the automobile industry, such as the automotive industry's use of Asa. With a rising focus on lightweight materials to enhance fuel-efficiency, ASA's combination of strength and low weight has made it an attractive option for various automotive applications-"Lightweighting" Drives Automotive Boom In Market For Plastics And Composites Asa For Automotives.Properties such as light weightiness to allow good fuel economy without compromising on safety make it ideal for automakers seeking ways to reduce total vehicle weight per unit length. ASA's ability to withstand exposure to sunlight and chemicals also contributes to its adoption in exterior automotive components, including body panels and trim. Recently, there has been increasing demand for acrylonitrile styrene acrylate (ASA).
Moreover, consumer goods now serve as one major driving force behind some ASA-market trends apart from the construction and automobile sectors. For instance, ASA has been used in the production of various household goods and outdoor items that need to be both aesthetically attractive and durable. Similarly, current market trends also suggest a move towards sustainability and eco-friendly alternatives. Due to increased environmental consciousness, the ASA market has turned to bio-based and recyclable materials. Furthermore, manufacturers are now incorporating sustainable sourcing and production processes to meet regulatory requirements as well as consumer preferences. Inclination towards sustainability is expected to impact the ASA market, with companies investing in R&D to produce eco-friendly variants of this material and its manufacturing procedures.
The trends in the ASA market differ geographically depending on regional industrial development activities and levels of economic activity. Essentially, developing regions that are experiencing rapid urbanization and infrastructure development can anticipate higher utilization of ASA within construction sector applications. However, fluctuations in raw material prices coupled with laws governing manufacturing may hinder growth prospects for this market segment. In general, diverse evolving trends across different industries characterize Acrylonitrile Styrene Acrylate (ASA) 's marketspace, which ranges from construction through automotive to consumer goods segments, where its unique characteristics come into play.
Acrylonitrile Styrene Acrylate Market Highlights:
Market Synopsis
The Global Acrylonitrile Styrene Acrylate (ASA) Market is expected to reach USD 1,050.6 Million by 2025, registering a CAGR of 6.1%. Acrylonitrile styrene acrylate (ASA) is a copolymer of styrene-acrylonitrile resin and acrylic rubber. It is a functional plastic that exhibits excellent weatherability property. ASA’s unique physical properties help to enhance the appearance of automobiles and buildings for a longer period. It is chiefly used in construction activities and manufacturing of furniture and automobile exteriors parts. In addition, its high stability, toughness, and resistance to aging & yellowing make it suitable in construction application. Hence, the high demand for ASA in the end-use industries is influencing the industrial players to increase the production capacity. For instance, in December 2018, INEOS Styrolution a Germany-based styrene supplier has announced to construct a new plant to produce 100,000 tons of ASA per year by 2021. The company has expanded the ASA production capacity to establish its market position in the global acrylonitrile styrene acrylate (ASA) market.
Acrylonitrile styrene acrylate plays a significant role in the automotive industry. The lightweight of ASA helps to increase the fuel efficiency of the automobiles. It is used in the manufacturing of side mirrors, window profiles, and radiator grille. Furthermore, technological advancements in the automotive industry have increased the demand for high-performance plastics. Acrylonitrile styrene acrylate helps to design automobile parts with complex geometries, which is difficult with the help of traditional metals. It optimizes energy efficiency and reduces CO2 emissions. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), the manufacturing of automobiles has significantly increased in India, Malaysia, Thailand, Brazil, and South Africa. Thus, the increasing manufacturing and sale of automobiles is expected to boost the demand for ASA and fuel the global market growth during the forecast period.
Key Players
Some of the prominent players in the global acrylonitrile styrene acrylate (ASA) market are  BASF SE (Germany), Lauren International (US), A. Schulman (US), INEOS Styrolution Group GmbH (Germany), LANXESS (Germany), LG Chem Ltd (South Korea), SABIC (Saudi Arabia), Chi Mei Corporation (Taiwan), and Entec Polymers (US), among others. Â
Global Acrylonitrile Styrene Acrylate (ASA) Market Share, by Manufacturing Process 2018 (%) Â 
Source: MRFR Analysis
Regional Analysis
The global acrylonitrile styrene acrylate (ASA) market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
Asia-Pacific is projected to be the fastest-growing market holding a major share of the global market. The high demand for ASA thermoplastic in the automotive industry to enhance the appearance of the automobiles and add weather resistance properties is driving the regional market growth. In addition, high investment in infrastructure development has increased construction activities in countries such as India, China, Indonesia, South Korea, and Singapore, which is also projected to boosting the growth of the regional market.
The growth of the European market is driven by increasing application of ASA in the automotive industry, the presence of a large number of automobile manufacturers, and the growing use of lightweight polymers. North America is likely to witness steady growth owing to the increasing application of ASA in construction activities to enhance the weather resistance properties. The increasing number of residential projects in the US is expected to drive the demand for ASA in the regional market during the forecast period.
The Middle East & African and Latin American markets are projected to record healthy CAGRs owing to rise in the number of infrastructure projects in the regions.
Market Segmentation
The global acrylonitrile styrene acrylate (ASA) market has been segmented on the basis of manufacturing process, application, and region. Based on manufacturing process, the global acrylonitrile styrene acrylate (ASA) market has been segregated into extrusion, coextrusion, injection molding, and others. The extrusion segment is expected to register a healthy CAGR owing to its increasing application in the automotive industry. The applications segments covered under the scope of the global market are automotive, construction, furniture, and others.
Intended Audience
- Acrylonitrile styrene acrylate manufacturers
- Traders and distributors of ASA
- Research and development institutes
- Potential investors
- Raw material suppliers
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