QY Research recently published a report, titled “Global Styrene/Allyl Alcohol Copolymer Market Research Report 2019.” The report contains an in-depth analysis on the market of styrene/allyl alcohol (SAA) copolymer. It provides an insight of the market by studying its various aspects such as drivers, restrains, market size, segment analysis, regional analysis, market share, competitive landscape.
The global styrene/allyl alcohol copolymer market was valued at US$278 mn in 2018 and is expected to reach US$397 mn by the end of 2026. Analysts expected the market rise at a CAGR of 3.95% between 2019 and 2026.
Global Styrene/Allyl Alcohol Copolymer Market: Drivers and Restrains
Styrene/allyl alcohol copolymer is a resinous polyol. It is known for its high performance properties such as hardness, durability, water-resistance, corrosion protection, low molecular weight, adhesion and crosslink density. SAA can be modified to be used in hard thermoplastic material, additive to improve adhesion, heighten gloss, improve weather ability, increase water and chemical resistant in coatings and carrier in inks.
There are multiple benefits of this copolymer. For instance it used as major coating agent. Its two variants are polyester coating and alkyd coatings. Polyester coating includes coil coatings, appliance finishes, and general-purpose baking enamels and alkyd coating includes inks, industrial maintenance paints, floor paints, wood finishes and latex house paints. Its anti-corrosive properties plays an important role in automobile manufacturing, farm machinery, and industrial equipment production. Other than that the SAA is also used in powder coatings and water-borne formulations.
The increase in use of styrene/allyl alcohol copolymer in these industries has driven the demand for the polymer, giving the market a much needed push.
Global Styrene/Allyl Alcohol Copolymer Market: Segment Analysis
The global styrene/allyl alcohol copolymer market is divided into two segments. The type segment includes SAA-100, SAA-101, and SAA-103. The application segment includes coating, inks, and others.
Global Styrene/Allyl Alcohol Copolymer Market: Regional Analysis
The market for styrene/allyl alcohol copolymer is geographically segmented into different regions, such as the U.S.A., Europe, and Asia. Countries like China, Japan, and India in Asia have a growing market due to the development in its industrial sectors and hence promises a lucrative future to the styrene/allyl alcohol copolymer market.
Global Styrene/Allyl Alcohol Copolymer Market: Leading Manufacturers
The major players in the global styrene/allyl alcohol copolymer are LyondellBasell, Monomer Polymer＆Dajac Labs, Carbosynth among others. The report presents an in-depth assessment of all the players with the company’s historic and forecast data.
Global Styrene/Allyl Alcohol Copolymer Market: Competitive Landscape
In order to keep their position in the global styrene/allyl alcohol copolymer market companies are adopting strategies such as joint ventures, technology advancement, new product development, and mergers and acquisitions.
LyondellBasell recently released their second quarter earnings report. The company earned $1 billion, which is low compared to $1.7 billion from the same period in 2018. The according to analysts, company earned $2.70 per share, which was lower than the Wall Street’s expectation of $2.83 per share, which was by $9.6 billion. The prices for ethylene and other products also fell. The increasing pressure on the companies has also affected the prices of styrene/allyl alcohol copolymer.