Acrylonitrile Butadiene Styrene market (ABS) is a type of thermoplastic-based polymer which is produced in the form of amorphous powder. The product includes features such as toughness, hardness and better stability and usually used in the injection molding applications. It is produced with the help of polymerization of acrylonitrile and styrene in the presence of polybutadiene. It provides huge impact on heat resistance and durability. ABS is highly used in some of the prominent industries which include automotive, building & construction, sports, consumer goods, and electronics.
Acrylonitrile butadiene styrene market is expected to rise to an estimated value of USD 46.4 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. The high growth of this market is due to growing construction activities
The Global Acrylonitrile Butadiene Styrene Market report takes into account all the company profiles of the major players and brands. The report points up the variation in CAGR value for the historic year 2019, the base year 2019, and the forecast year 2019-2026. The market study of Acrylonitrile Butadiene Styrene Market report helps businesses to make out the key opportunities in the market and influencing factors which is useful to take business to the peak level. This market report is a professional and detailed report which focuses on primary and secondary drivers, market share, leading segments and geographical analysis.
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Market Drivers and Restraints:
Growing demand of automotive industry around the world drives the market growth
Increasing living standard of people in emerging economies which makes them to invest more in the construction and decorative homes appliances is another factor for the growth of this market
Increasing awareness between the relation of mass and fuel economy is another driver for the market growth
Growing demand for electric vehicles and continuous advancements in technology is a major driver for the market growth
Rapid fluctuation in raw material price is expected to restrict the market growth
Limited supply of raw materials can also hamper the growth of this market
Increased usage of styrene butadiene rubber (SBR) can also restrict the market growth
The major players covered in the Acrylonitrile Butadiene Styrene Market
Few of the major competitors currently working in the global acrylonitrile butadiene styrene market are LG Chem, LOTTE ADVANCED MATERIALS CO., LTD., Trinseo, SeaGate Plastics,Inc., The Spiratex Company, Bixby International, UNITED PLASTIC COMPONENTS INC., INEOS, Plastic Extrusion Technologies, RTP Company, Preferred Plastics, Inc., Crafted Plastics Inc., Select Plastics, Formosa Plastics Corporation, Chi Mei Corporation, SABIC among others.
Major TOC Of The Report
Chapter One: Acrylonitrile Butadiene Styrene Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Acrylonitrile Butadiene Styrene Market Competition, by Players
Chapter Four: Global Acrylonitrile Butadiene Styrene Market Size by Regions
Chapter Five: North America Acrylonitrile Butadiene Styrene Market Revenue by Countries
Chapter Six: Europe Acrylonitrile Butadiene Styrene Market Revenue by Countries
Chapter Seven: Asia-Pacific Acrylonitrile Butadiene Styrene Market Revenue by Countries
Chapter Eight: South America Acrylonitrile Butadiene Styrene Market Revenue by Countries
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Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global Acrylonitrile Butadiene Styrene Market
Analysis of market effect factors and their impact on the forecast and outlook of the global Acrylonitrile Butadiene Styrene Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Acrylonitrile Butadiene Styrene Market
A roadmap of growth opportunities available in the global Acrylonitrile Butadiene Styrene Market with the identification of key factors
The exhaustive analysis of various trends of the global Acrylonitrile Butadiene Styrene Market to help identify market developments
Key Questions Answered in Report:
What is the key to the Acrylonitrile Butadiene Styrene Market?
What will the Acrylonitrile Butadiene Styrene Market Demand and what will be Growth?
What are the latest opportunities for Acrylonitrile Butadiene Styrene Market in the future?
What are the strengths of the key players?
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The global acrylonitrile butadiene styrene market size is projected to reach USD 42,809.5 million by 2027, exhibiting a CAGR of 6.9% during the forecast period.
According to a study by Oxford Economics and Global Construction Perspectives, the volume of construction output is slated to grow by 85%, hitting a value of USD 15.5 trillion by 2030.
Acrylonitrile butadiene styrene (ABS), a versatile thermoplastic, is known for its structural sturdiness, superior impact strength, resistance to corrosive chemicals, and excellent mechanical and insulating properties, making it an essential component in the construction of buildings.
Restraining FactorFluctuating Demand for Plastics from the Auto Industry amid COVID-19 to Inhibit GrowthThe arrival of COVID-19 led to massive upheavals in several industries, with the plastics industry is facing a moderate impact of the pandemic, which in turn in expected to have spillover effects on the acrylonitrile butadiene styrene market growth.
Polymer manufacturers catering specifically to the automotive industry have been severely hit by the pandemic as many large automakers worldwide have had to shut down their operations in response to lockdowns and plummeting demand.
For example, Fiat Chrysler announced that it will be ending its production activities at its plants in Serbia, Italy, and Poland, while Volkswagen declared closure of its plant in Spain.
