Acrylonitrile Butadiene Styrene (ABS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Acrylonitrile butadiene styrene (ABS) is an amorphous polymer and opaque thermoplastic which is derived from three distinct monomers and polymerized through the process of emulsion. They are commonly used to make light, rigid, and molded products including pipes, automotive components, machine components, enclosures, wheel covers, and protective head gear. Due to high resistance to corrosive chemicals and physical impact, acrylonitrile butadiene styrene is gaining increasing demand in a wide range of industrial applications. Further, ABS finds application in injection molding manufacturing processes or 3D printing, owing to its low melting point which makes it easy to use in such processes. These are the key factors driving the development of acrylonitrile butadiene styrene (ABS) market.
Acrylonitrile Butadiene Styrene (ABS) Market – Notable Developments
DuPont, Styron, INEOS Styrolution, Formosa Plastics, Asahi Kasei, BASF SE, Styron, SABIC, Chi Mei Corporation, LG Chemicals, KKPC, Covestro, Kumho Petrochemical Co., Ltd., Saudi Basic Industries Corporation, ELIX Polymers, China Petroleum and Chemical, Toray, Rochling, Entec Polymers, Ampa, PolyOne, Techno-Polymers, Trinseo, Samsung SDI Chemical, JSR Corporation, and UMG ABS are among the key players operating in the acrylonitrile butadiene styrene (ABS) market.
Acrylonitrile Butadiene Styrene (ABS) Market Dynamics
Acrylonitrile butadiene styrene is widely used to produce a range of automotive components such as seating, interior trim, center consoles, bumper, dashboard, headliners, lighting, and others. Growth in automotive industry across the globe along with rising importance of lightweight automobile parts to limit the rate of carbon dioxide emissions is anticipated to be highly impactful on the growth of acrylonitrile butadiene styrene (ABS) market. Moreover, adoption of lightweight component in automobiles has been linked to a number of advantages which is further likely to boost global expansion of the market in the coming years. Increasing purchases of motorbikes, passenger cars, and public transport vehicles will continue to create potential growth prospects of the acrylonitrile butadiene styrene (ABS) market.
Apart from the automotive industry, ABS gains significant adoption in the manufacturing of construction instruments, industry goods, and various equipment which require to achieve lightweight and high tensile strength. Surging demand for acrylonitrile butadiene styrene (ABS) can be attributed to its more durability and better corrosion resistance than conventional products such as PVC. In construction sector, ABS is substantially used in the manufacturing of pipes, vacuum pumps, fitting instruments, and even in the large equipment for the storage of waste materials. Widening application base in various industries is projected to bode well with the growth of acrylonitrile butadiene styrene (ABS) market.
Although the acrylonitrile butadiene styrene (ABS) market is foreseen to maintain a positive outlook in the coming years, emergence of better alternate products increasing demand for the styrene butadiene rubber (SBR) may create a hindrance in the market growth. It provides high-abrasion resistance, leading to surge in its demand in the manufacturing of tires in the automotive industry which will possibly hamper the growth of acrylonitrile butadiene styrene (ABS) market.
Acrylonitrile Butadiene Styrene (ABS) Market Segmentation
Based on application, the acrylonitrile butadiene styrene (ABS) market can be segmented into:
The study presents reliable qualitative and quantitative insights into:
The regional analysis covers:
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Highlights of the report:
Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
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