In Q1, the Styrene Acrylonitrile Resin market in Asia started with significant stockpiles due to extended Covid-19 industrial restrictions, leading to a stagnant market with bearish sentiment. Despite emerging demands from the plastics and packaging sectors at the beginning of Q2, prices remained relatively steady. However, suppliers reduced prices in a bid to clear inventories, anticipating a future market recovery. Nonetheless, prices sharply declined later in Q2. Similar trends were observed in Europe and North America, where sluggish price movements, modest demands, and price decreases in Q2 were aimed at addressing high inventories and economic impacts.
The Styrene Acrylonitrile Resin price index reflects these fluctuations, depicting the market’s response to various factors such as inventory levels, demand shifts, and economic conditions.
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Definition
Styrene Acrylonitrile Resin, commonly known as SAN resin, is a synthetic polymer material formed by the copolymerization of styrene and acrylonitrile. It offers a balance of properties such as toughness, chemical resistance, and heat resistance. SAN resin finds applications in various industries, including automotive, electronics, packaging, and consumer goods.
Key Details About the Styrene Acrylonitrile Resin Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Styrene Acrylonitrile Resin in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Styrene Acrylonitrile Resin Price chart, including India Styrene Acrylonitrile Resin price, USA Styrene Acrylonitrile Resin price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Styrene Acrylonitrile Resin Price Trend:
Styrene Acrylonitrile Resin (SAN) finds key applications across industries. Its blend of toughness and heat resistance makes it valuable in automotive components, electronics housings, and consumer goods. It’s also used in packaging for its clarity and chemical resistance, contributing to diverse sectors like manufacturing, construction, and daily life products.
Key Players:
- INEOS
- Samsung Cheil Industries
- Ningbo LG Yongxing Chemical
- Sabic Innovative Plastics
- Formosa Plastics Group
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