Report Overview
Styrene Maleic Anhydride (SMA) is a synthetic polymer formed through the radical polymerization of styrene and maleic anhydride monomers, typically using an organic peroxide as the initiator.
This copolymer exhibits excellent thermal stability, compatibility with other polymers, and strong adhesion properties, making it highly valuable in industries such as automotive, healthcare, construction, and adhesives.
SMA is used in various applications, including automobile instrumentation, compatibilizers, and building materials.
Market Analysis
The global Styrene-Maleic Anhydride Copolymer Market was valued at USD 593.10 million in 2023 and is projected to reach USD 1208.26 million by 2032, growing at a CAGR of 10.70% during the forecast period.
North America held a significant market share, valued at USD 154.54 million in 2023, with an estimated CAGR of 9.17% from 2025 through 2032.
Increasing demand in emerging economies such as China and India is expected to boost the overall market, driven by rapid industrialization and rising applications in construction and automotive sectors.
