Styrene Maleic Anhydride Market Expected to Reach USD 170 Million by 2026
According to the report, The global styrene maleic anhydride market in 2019 was approximately USD 128 Million. The market is expected to grow above a CAGR of 4.2% and is anticipated to reach over USD 170 Million by 2026.
Styrene maleic anhydride is a synthetic polymer, a thermoplastic resin that is built-up of styrene and maleic anhydride monomers. It is a low molecular weight co-polymer of styrene and maleic anhydride. The SMA can act as an alternating copolymer wherein the monomers can be alternated. However, the copolymerization with less than 50% maleic anhydride content is also possible. Radical polymerization is used for production of the SMA copolymer while an organic peroxide act as the initiator. The primary characteristics of these copolymer are its excellent heat resistance, high dimensional stability, transparent appearance, and the specific reactivity of the anhydride groups. These copolymers are used for both the organic and inorganic pigments to provide enhanced dispersion stability. It is used as a modifier, protective colloid and as a plasticizer in paints. It also find application in floor polish, surface sizing and clear coating in paper industry and in water based coating.
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The styrene maleic anhydride market research report delivers an acute valuation and taxonomy of the styrene maleic anhydride industry by practically splitting the market based on product type, application and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the styrene maleic anhydride industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the styrene maleic anhydride industry is provided for the leading economies of the world.
The styrene maleic anhydride market is segmented based on product type, application and region. On the basis of product type segmentation, the market is classified into alternate styrene-maleic anhydride copolymer and random styrene-maleic anhydride copolymer. On the basis of application, the market is bifurcated into automobile industry, phase solvent, building materials and others.
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Some of the essential players operating in the styrene maleic anhydride market, but not restricted to include Solenis, Polyscope Polymers, TOTAL Cray Valley, Sartomer, Ineos and Arakawa Chemical Industries.
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