Styrene Acrylonitrile Price Trend

Styrene Acrylonitrile Prices December 2023

The USA market for styrene acrylonitrile saw a bearish trend in Q4 of 2023 despite robust usage in important industries, including packaging and automotive. This was attributed to muted demand from outside of the country. Towards the close of the quarter, there was a discernible change in direction from dropping prices, suggesting a transition towards a more stable pricing environment. In December 2023, the price of styrene acrylonitrile was recorded at USD 2055/MT in Q4.

The price trend for styrene acrylonitrile in South Korea saw a bearish trend in Q4 2022, reaching 1285 USD/MT in December 2023. This was due to excessive supply and recurrent rises from production facilities. The price of acrylonitrile went up while the fundamentals of styrene remained weak. Reduced energy prices lowered production expenses.

In Belgium, styrene acrylonitrile prices reached 2330 USD/MT in December 2023. The market saw price reductions as a result of decreased demand from downstream industries, including production facilities for electronics and industrial equipment.

Styrene Acrylonitrile Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Styrene Acrylonitrile Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of styrene acrylonitrile pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of styrene acrylonitrile at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of styrene acrylonitrile price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing styrene acrylonitrile price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Styrene Acrylonitrile Market Analysis

The global styrene acrylonitrile market size reached 722.3 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 1,090.1 Thousand Tons, at a projected CAGR of 4.70% during 2023-2032.

• Styrene acrylonitrile offers exceptional strength, clarity, and resilience to heat and chemicals, which makes it a popular material in consumer electronics. Manufacturers are employing styrene acrylonitrile for applications like smartphone cases, laptop casings, and other smart devices to accommodate the growing demand for high-performance, thin, and robust consumer electronics. Technological developments and inflating disposable incomes around the world are driving user spending on electronics. As per the United States Census Bureau’s report published in 2022, the real median household income in 2022 was $74,580, decreasing 2.3% from the projection of $76,330 in 2021. Moreover, the overall number of workers went up to 1.7 percent, and the number of full-time, year-round employees increased by 3.4 percent between 2021 and 2022. In addition, the clarity of styrene acrylonitrile also makes it suitable for use in optical fibers and lenses, enhancing the aesthetic and functional qualities of electronic devices. The size of the world market for fiber optics was US$12.6 billion in 2023. The IMARC group projects that by 2032, the market will reach US$ 41.8 billion.
• In the medical industry, styrene acrylonitrile is a useful substance due to its biocompatibility and resistance to sterilizing treatments. It is used in the manufacturing of numerous medical components, including fluid management systems, surgical tool handles, and diagnostic gadgets. Styrene acrylonitrile is widely used in both reusable and disposable medical equipment due to its strength and resistance to bacterial development. Furthermore, Xenco Medical launched its Multilevel CerviKit in 2022, expanding its ASC surgical device portfolio for anterior cervical spine procedures with sterile-packaged, single-use instruments and implants, aiming to streamline surgeries and enhance safety.
• The growing utilization of styrene acrylonitrile for manufacturing various autonomous components, such as dashboard trim, cup holders, and other interior decorative parts, due to its toughness and heat resistance, is offering a favorable market outlook. The increasing focus of the automotive sector on reducing vehicle weight to improve fuel efficiency is driving the demand for lightweight materials like styrene acrylonitrile. Furthermore, the increasing popularity of electric vehicles (EVs), which rely heavily on durable and lightweight materials, is contributing to the market growth. The IMARC group claims that in 2023, the number of EVs sold worldwide was 25.6 million units and that the market value is estimated to reach 381.3 million units in 2032.

Styrene Acrylonitrile News

The report covers the latest developments, updates, and trends impacting the global styrene acrylonitrile market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in styrene acrylonitrile production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the styrene acrylonitrile price trend.

Latest developments in the styrene acrylonitrile industry:

• February 2023: Sumitomo Chemical secured ISCC PLUS certification for acrylonitrile from its Ehime Works, confirming the use of sustainable raw materials. The certification supports Sumitomo's efforts towards environmental sustainability and offers customers certified sustainable products, aiding in greenhouse gas emissions reduction.
• October 2023: Trillium Renewable Chemicals planned to scale up its process for converting plant-based glycerol into acrylonitrile, aiming to reduce the carbon footprint of the product by 70%. The demonstration facility, designed by Zeton, is expected to be operational in 2025.

Product Description

Styrene acrylonitrile is a copolymer made up of styrene and acrylonitrile in varying proportions. It is produced via an emulsion or continuous mass polymerization method in which heat and initiators are used to polymerize the monomers acrylonitrile and styrene. It provides a high level of clarity, which makes it suitable for applications where visibility of contents is important, such as in food containers and cosmetic packaging. It is ideal for use in areas where chemical exposure occurs often, including in industrial applications and medical equipment, owing to its strong resistance to acids, alkalis, greases, oils, and alcohols. It is essential for applications in consumer electronics and automotive parts that are exposed to high heat as it can resist higher temperatures without deforming. It is less expensive, providing producers with an economical option without sacrificing performance or quality.

Regional Coverage

The report provides a detailed analysis of the styrene acrylonitrile market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the styrene acrylonitrile price trend.

Global Styrene Acrylonitrile Price

The report offers a holistic view of the global styrene acrylonitrile pricing trends in the form of styrene acrylonitrile price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of styrene acrylonitrile but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed styrene acrylonitrile demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Styrene Acrylonitrile Price

In Q4 2023, the European styrene acrylonitrile market showed a stable to bearish trend due to oversupply from manufacturing units and low demand from downstream sectors like packaging and consumer goods. Acrylonitrile costs increased while styrene prices declined notably, impacting the styrene acrylonitrile market. Overall, supply remained stable with moderate demand from downstream industries, shaping the market dynamics.

This analysis can be extended to include detailed styrene acrylonitrile price information for a comprehensive list of countries.

North America Styrene Acrylonitrile Price

The styrene acrylonitrile market in North America faced numerous challenges in Q4 2023, such as excess supply from manufacturing facilities and diminished demand from foreign sectors like household and packaging manufacturing facilities. Towards the end of the quarter, there was an evident shift from dropping prices, indicating that the styrene acrylonitrile market is approaching a more stable pricing environment.

Specific styrene acrylonitrile historical data within the United States and Canada can also be provided.

Middle East and Africa Styrene Acrylonitrile Price

The report explores the styrene acrylonitrile pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on styrene acrylonitrile prices for countries can also be provided.

Asia Pacific Styrene Acrylonitrile Price

The Asia Pacific market for styrene acrylonitrile remained stable in Q4 of 2023, with modest demand coming from downstream industries. Reduced energy costs and weakening styrene fundamentals forced suppliers to provide discounts to encourage market participation. Consumer goods production faced difficulties due to constrained demand, but a balanced and stable supply trend prevailed, and there were no recorded plant shutdowns, guaranteeing stability in the market.

This styrene acrylonitrile price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Styrene Acrylonitrile Price

The analysis of styrene acrylonitrile prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of styrene acrylonitrile pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting styrene acrylonitrile price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The styrene acrylonitrile price charts ensure our clients remain at the forefront of the industry.