Styrene Acrylonitrile Prices In USA

United States: 2055 USD/MT

The price of styrene acrylonitrile was recorded at USD 2055/MT in Q4.

The latest report by IMARC Group, titled "Styrene Acrylonitrile Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the Styrene Acrylonitrile Price Trend. This report delves into the price of Styrene Acrylonitrile globally, presenting a detailed analysis, along with an informative Styrene Acrylonitrile Price Chart. Through comprehensive Styrene Acrylonitrile Price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Styrene Acrylonitrile Demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Styrene Acrylonitrile Prices December 2023:

United States: 2055 USD/MT
South Korea: 1285 USD/MT
Belgium: 2330 USD/MT

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The study delves into the factors affecting Styrene Acrylonitrile price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

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Styrene Acrylonitrile Price Trend- Q4 2023

The styrene acrylonitrile (SAN) market is driven by various factors, including technological advancements, rising demand in key application sectors, and the shifting landscape of global manufacturing and supply chains. SAN is valued for its unique properties, such as high transparency, rigidity, and resistance to chemicals and heat, making it ideal for use in a diverse range of products ranging from household items to automotive components. The rising demand for SAN in the consumer electronics and automotive industries on account of its aesthetic appeal and durability. In addition, the increasing consumption of SAN in medical devices due to its compliance with stringent health and safety standards is propelling the market growth. Besides this, technological innovations in the production process of SAN benefit in enhancing its properties and reducing production costs.

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. The SAN market experienced volatility in Q4 of 2023, with varying factors influencing prices across different regions. In North America, the SAN market faced a challenging scenario marked by an oversupply and diminishing demand, particularly from overseas markets. There was a surge in product availability largely from consistent production outputs. In addition, there was a notable decrease in demand from the key downstream industries, leading to subdued trading activities and a bearish trend in the market. Meanwhile, in the Asia Pacific region, the market dynamics were slightly different, characterized by a more stable supply and demand equilibrium. The major issue was the persistent weakness in major feedstock styrene prices, coupled with lower energy costs, which impacted the production costs of SAN. Suppliers responded by offering discounts to stimulate market activity amid restrained demand from consumer goods manufacturers.

Besides this, in Europe, the situation mirrored the trends observed in North America and APAC but with unique regional specifics. The market witnessed a stable to bearish trend, influenced by an oversupply and moderate to low demand from key sectors like packaging and consumer goods manufacturing. The contrasting movements in feedstock prices, with acrylonitrile prices rising and styrene prices declining, created a complex pricing environment. This was particularly evident in Belgium, where the market observed a negative price change from the previous year.

Key Points Covered in the Styrene Acrylonitrile Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

Styrene Acrylonitrile Prices
Styrene Acrylonitrile Price Trend
Styrene Acrylonitrile Demand & Supply
Styrene Acrylonitrile Market Analysis
Demand Supply Analysis by Type
Demand Supply Analysis by Application
Demand Supply Analysis of Raw Materials
Styrene Acrylonitrile Price Analysis
Styrene Acrylonitrile Industry Drivers, Restraints, and Opportunities
Styrene Acrylonitrile News and Recent developments
Global Event Analysis
List of Key Players

Regional Price Analysis:

Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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