Styrene Acrylonitrile market to witness increased traction from medical space

6:41 AM, 15th January 2021
The styrene acrylonitrile (SAN) market size is slated to experience a steady rise, as sustained demand from household and sanitary applications, transparent covers and battery housings will become more pronounced in the landscape

With the demand for better solvents, rigidity and chemical resistance soaring in cosmetic packaging, styrene acrylonitrile (SAN) market size is slated to experience a steady rise. Sustained demand from household and sanitary applications, transparent covers and battery housings will become more pronounced in the landscape.

In the past several years, consumer products have become a major recipient of styrene acrylonitrile owing to better resistance to heat and solvents. So much so that styrene acrylonitrile market players are gearing to expand their penetration in computer products, water bottles, food containers, packaging materials and plastic optical fibers. In the latest research report collated by Global Market Insights Inc, styrene acrylonitrile (SAN) market size will witness a considerable gain by 2026.

COVID-19 impact

With a notable impact on petrochemical derivative sector, the pandemic is likely to have an influence on the industry outlook. The COVID-19 fallout has led to a pronounced fluctuation in crude oil prices, having an indirect impact on the market. Stakeholders are likely to infuse funds in R&D activities and are bullish with the post-pandemic situation.

Trend in cosmetics triggers growth

Lately, a palpable trend for SAN in cosmetics has become a key determinant fueling styrene acrylonitrile (SAN) market revenue. To put thing in perspective, impressive demand for lipstick tubes, bottle caps, compact cases and nozzles has set the trend for styrene acrylonitrile in cosmetics.

It is pertinent to mention that high resistance, tremendous dimensional stability and great strength attributes linked with SAN will augur well for leading companies in the landscape. Moreover, industry players have expanded their portfolios in household items, suggesting growing footfall in consumer products.

Bullish demand from medical space to drive growth

End-markets have exhibited inclination towards the use of SAN in medical industry, including autoclavable, medical light diffusers and dental applications. Some of the factors such as resistance from alkali and acid, dimensional stability, high performance, durability and versatility of designing will accentuate growth the SAN ecosystem.

It is pertinent to mention that styrene acrylonitrile provides safety upsides, sanitation and good hygiene, along with recyclability and good insulation. End-users in telephone components, battery housings, air conditioner Impellers, meter covers, and CD-players are likely to cash in on the upsides of SAN.

Growth opportunities in North America

A notable infrastructural development, burgeoning urbanization have made Asia Pacific a favorable investment hub. Rising footprint of cosmetics industry in India, China and Vietnam has stimulated growth in APAC styrene acrylonitrile market value.

North America will grow steadily in the wake of gradual penetration of styrene acrylonitrile in medical spaces in the US and Canada market. Moreover, applications of SAN in a slew of end-markets, including automotive, swimming pool components, housewares and cups have become noticeable in recent years. Accordingly, stakeholders are slated to infuse funds in North America styrene acrylonitrile (SAN) market share.

Higher cost and environmental downsides derail growth

Some of the factors such as fluctuating crude oil prices and higher cost as compared to polystyrene may derail the industry growth. In addition, release of acrylonitrile to the air during its use or manufacturing process may be a source to potential health hazard.

With SAN gaining impetus among the end-users, its desirable properties are likely to make the market in cosmetic, consumer and medical products. The impact resistance, heat strength, rigidity and stress cracking resistance make the engineering plastic highly sought-after in industrial uses, including knobs, lenses, battery cases; consumer products, including trays, containers, toothbrush handlers; and medical applications, including dental diffusers and autoclavable devices.

Browse key industry insights spread across 142 pages with 135 market data tables & 23 figures & charts from the report, “Styrene Butadiene (SB) Latex market size by butadiene content (low, medium, high), by application (paper processing, fiber processing, glass fiber processing, mortar additives. paints & coatings, adhesives), industry analysis report, regional outlook, growth potential, price trends, competitive market share & forecast, 2017 – 2024” in detail along with the table of contents: https://www.gminsights.com/request-sample/detail/2199

© Worldofchemicals News

Contact Info:

Arun Hegde
Corporate Sales, USA
Global Market Insights Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com

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