Styrene Acrylonitrile Market Size Analysis and Top Companies
The global styrene acrylonitrile market size is predicted to hit around USD 1523.47 billion by 2034 from USD 935.28 billion in 2024 with a CAGR of 4.96%. The top companies operating in the styrene acrylonitrile are SABIC, INEOS Styrolution, LG Chem, BASF SE, Trinseo, Chi Mei Corporation, Asahi Kasei Corporation, Styron LLC, ENI, INEOS Group, Ravago Group, CNPC (China National Petroleum Corporation), JSR Corporation, Versalis S.p.A., Chevron Phillips Chemical Company LLC, and Others.
Market Report Coverage
| Report Coverage |
Details |
| Market Size in 2023 |
USD 935.28 Billion |
| Market Size by 2033 |
USD 1523.47Billion |
| Growth Rate from 2024 to 2033 |
CAGR of 4.96% |
| Largest Market |
Europe |
| Base Year |
2023 |
| Forecast Period |
2024 to 2033 |
| Segments Covered |
By Type, By Application, and By End User |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Styrene Acrylonitrile Key Players
- SABIC
- INEOS Styrolution
- LG Chem
- BASF SE
- Trinseo
- Chi Mei Corporation
- Asahi Kasei Corporation
- Styron LLC
- ENI
- INEOS Group
- Ravago Group
- CNPC (China National Petroleum Corporation)
- JSR Corporation
- Versalis S.p.A.
- Chevron Phillips Chemical Company LLC
Recent Developments
- In October 2023, SABIC and INEOS Styrolution's joint venture aims to establish the world's largest SAN producer. With a combined annual production capacity exceeding 1 million tons, the venture positions itself as a major player in the SAN market, headquartered in Riyadh, Saudi Arabia.
- In July 2023, LG Chem and BASF SE's partnership signals a commitment to advancing SAN technology, specifically in the automotive sector. The collaboration encompasses research, development, production, and marketing efforts, emphasizing a joint commitment to innovation and addressing the evolving needs of the automotive industry. These strategic alliances underscore the industry's focus on growth, capacity expansion, and technological advancements.
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