According to ChemAnalyst report, “Global Acrylonitrile Butadiene Styrene (ABS) Market Analysis: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, The Acrylonitrile Butadiene Styrene (ABS) market is expected to reach 15500 thousand tonnes in 2035, at a CAGR of 5.29% by 2035. The progressing demand for Acrylonitrile Butadiene Styrene (ABS) from Automotive, Home Appliances, Electrical & Electronics, Building & Construction, and Others (Medical, Packaging, etc.) end-use industries, is anticipated to expand the Acrylonitrile Butadiene Styrene (ABS) market in the forecast period.
Acrylonitrile butadiene styrene (ABS) is a terpolymer synthesized by a polymerization reaction between styrene, acrylonitrile, and polybutadiene. The commonly used techniques employed in industries to manufacture ABS are: Continuous Mass Polymerization Technology, Emulsion Polymerization Technology, Mass and Emulsion Polymerization Process, and Injection and Extrusion Molding.
The surface of ABS material enables simple paint and adhesive application, and it has an attractive physical aspect that gives it a pleasant feel and touch. Compared to other common polymers, ABS offers superior qualities like wear resistance, hardness, better heat-resistance, and lightweight nature. ABS is utilized for various industrial applications such outer body of fridges, washing machines, suitcases, cameras, tool kits, battery containers, crates pipes, hoses, radios, computer parts, keyboards, and various furniture parts.
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Moreover, across the globe, the expansion of the Acrylonitrile Butadiene Styrene (ABS) market is primarily accounted by the Automotive industry. In automotive industry, ABS is utilized for manufacturing components like Column trim, Dashboards, handles and door liners, components of seat belts, and seat backs. It is due to its high durability, high-temperature, and wear resistance. In 2021, approximately 40% of global Acrylonitrile Butadiene Styrene (ABS) was utilized by the Automotive Industry. The market is anticipated to expand further due to the rising demand for lightweight cars that reduce fuel consumption and lower carbon dioxide emissions. The home Appliances Industry also contributes to the demand for ABS, which is anticipated to grow in response to rapid urbanization in the forecast period.
The Acrylonitrile Butadiene Styrene (ABS) market is segmented on end-use, sales channel, and region. Based on end-uses, the Acrylonitrile Butadiene Styrene (ABS) market is segregated into Automotive, Home Appliances, Electrical & Electronics, Building & Construction, and Others (Medical, Packaging, etc.). The Automotive industry dominates the Acrylonitrile Butadiene Styrene (ABS) market around the globe. It is most likely to retain its position during the forecast. The rising demand for ABS for manufacturing lightweight cars that reduce fuel consumption is anticipated to propel the market further. Furthermore, Home Appliances also holds a prominent market share of ABS market.
Based on demand by region, the Asia Pacific region dominates as the consumer of Acrylonitrile Butadiene Styrene (ABS) among all other regions. In 2021, Asia Pacific held a market share of nearly 45% of the global Acrylonitrile Butadiene Styrene (ABS). It is anticipated that it will continue to remain the most significant consumer throughout the projected period. Factors like increasing income levels and rapid anticipated further growth in the ABS market in this region. Based on production, Asia Pacific is also taking the lead and accounted for about 80% of the global Acrylonitrile Butadiene Styrene (ABS) in 2021.
“Global Acrylonitrile Butadiene Styrene (ABS) Market Analysis: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, the significant players functional in the Acrylonitrile Butadiene Styrene (ABS) market include LG Chem, CHIMEI Corporation, Formosa Chemicals and Fiber Corporation, LOTTE Chemical Corporation, Jilin Petrochemical Company, Toray Industries, Tianjin Dagu Chemical Co., Ltd., and Jihua (Jieyang) ABS.
“The constant growing demand of Acrylonitrile Butadiene Styrene (ABS) due to its usage as a raw material the manufacturing automotive component is most likely to drive the Global Acrylonitrile Butadiene Styrene market in the forecast period until 2035. The properties of Acrylonitrile Butadiene Styrene like high durability, high-temperature resistance, and wear resistance, lightweight nature, make it a good material to manufacture household products and electrical appliances, which is most is likely to expand the Acrylonitrile Butadiene Styrene its market in the forecast period. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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