1. Market Research
  2. > Chemical
  3. > Petrochemical
  4. > Polymers Market Trends
India Styrene Acrylonitrile (SAN) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Type, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030

India Styrene Acrylonitrile (SAN) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Type, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030

  • May 2020
  • 58 pages
  • ID: 5913981
  • Format: PDF
  • ChemAnalyst

Summary

Table of Contents

India Styrene Acrylonitrile (SAN) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Type, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030

Styrene Acrylonitrile resin (SAN) demand in India stood at 119 KTPA in 2018 and is projected to grow at a CAGR of 6.85% during 2015-2030. 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 electronic 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, sudden outbreak of Coronavirus in the final quarter of FY 2020 has raised high concerns 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 application, the demand for SAN is anticipated to grow considerably on growth in the demand for medical devices due to potential advances in healthcare sector after Coronavirus stress . In addition to this, demand for SAN in packaging applications in 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 over 60 per cent 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, 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 in order 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 material at a relatively lower price.
In India, North and South region India holds the maximum consumption share of SAN due to presence of 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).

Proposed plan of capacity expansion of ABS from INEOS Styrolution due to its vivid demand from 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: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030

Objective of the Study:

• The primary objective of the study was to evaluate and forecast 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 India SAN market.
• To identify major customers in India SAN market.
• To evaluate and forecast SAN pricing in India.
• To identify and profile major companies operating in India SAN market.
• To identify trending news, deals and expansion plans in India SAN market.
The demand for Styrene Acrylonitrile in India is primarily fulfilled by domestic manufacturing.However, India imports raw material Styrene in abundant amount from countries such as China, South Korea, and Taiwan.

Some of the major players operating in India SAN market are 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, etc.
Domestic prices of SAN are majorly dependent on the prices of its feedstock Styrene and Acrylonitrile.Henceforth, the domestic manufacturers certainly mark their prices considering the fluctuations in the prices of its feedstock in the international market.

Owing to unprecedented dive in the oil sector as an outcome of reduced demand after the outbreak of Coronavirus has caused the prices of its derivatives like Benzene and Styrene to hit a record low. Despite of the downfall in consumption witnessed in the final quarter of FY 20 as a ripple effect of Coronavirus outbreak, prices of SAN altogether increased by around 2 percent in FY 20 on its high demand from electronic sector in the first half of the year.
To extract data for India SAN market, primary research surveys were conducted with SAN manufacturers, suppliers, distributors, wholesalers and end users.While interviewing, the respondents were also inquired about their competitors.

Through this technique, the analyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, the analyst analyzed various end user segments and projected a positive outlook for India SAN market over the coming years.
The analyst calculated SAN demand in India by analyzing the historical data and demand forecast was carried out considering growth in end use industriesThe analyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size.

Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by the analyst.

Key Target Audience:

• SAN manufacturers and other stakeholders
• Organizations, forums and alliances related to SAN distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as SAN manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, India SAN market has been segmented into following categories:
Market, by End Use- Electronics and Appliances, Automotive, ABS Manufacturing, Medical Devices, Household Appliances, and Others
Market, by Distribution Channel- Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region- North, West, East and South

Competitive Landscape

The analyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.

Available Customizations:

With the given market data, the analyst offers customizations according to a company’s specific needs.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Ethene Markets in China

  • $ 4000
  • June 2020
  • 200 pages

China’s demand for Ethene has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which ...


ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on