Global ASA Resin Market Research Report 2022
Due to the COVID-19 pandemic, the global market size for ASA resin is estimated to be 1.11785 billion USD in 2022, and it is expected to readjust to 1.56758 billion USD by 2028, with a projected CAGR of 5.80% during the forecast period from 2022 to 2028.
Taking into account the economic changes caused by this health crisis, the extrusion grade, which accounted for 39.81% of the global ASA resin market in 2021, is expected to reach 639.76 million USD by 2028, with a revised CAGR of 6.42% from 2022 to 2028. On the other hand, the automotive segment has been adjusted to a CAGR of 5.39% throughout this forecast period.
The major global manufacturers of ASA resin include LG Chem, Ineos Styrolution, SABIC, Techno-UMG, NIPPON A&L, KUMHO-SUNNY, FCFC, Qingdao Future Chemical, and LOTTE Advanced Materials. In terms of revenue, the market share of ASA resin in 2021 was dominated by the top three global companies, which held 50.91%.