Reports and Data estimates the global Acrylonitrile Butadiene Styrene (ABS) competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Acrylonitrile Butadiene Styrene (ABS) during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include LG Chemicals, Asahi Kasei, Chi Mei Corporation, Formosa Plastics, Kumho Petrochemicals, SABIC, Styron, BASF SE, Du Pont, and Arkema SA.
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Acrylonitrile Butadiene Styrene (ABS) Overview :-
ABS is normally used to manufacture protective housing for power tools and plastic face guards for a wall socket. It is also commonly used in the automotive industry for the manufacturing of items, including plastic alloys and decorative interior car parts. In the construction industry, this polymer finds application in the production of plastic tubing and corrugated plastic structures. This engineering plastic can be cut to various sizes and comes in a wide range of colors and finishes. This polymer also finds application in the production of protective headgear like hard hats and helmets. Other common applications of the ABS engineered plastic comprise printers, kitchen utensils, vacuum cleaners, faxes, musical instruments (such as plastic clarinets and recorders, among others), and plastic toys.
ABS thermoplastic polymer is widely used in 3D printing. ABS parts are easily available and can be effortlessly molded to produce a desired form and effect. The polymer can also be electroplated to increase the range of applications. Plastic items designed for the purpose of keeping outdoors are often made from this thermoplastic as well since this thermoplastic is unaffected by rain, storms, and winds.
Process Type Outlook:
The extrusion process is a metal forming process in which a metal is processed through a die to convert it into the required shape. This process is generally used in steel rods and pipes manufacturing. By process type, injection molding is forecasted to grow at a substantial rate in the forecast period.
Applications Outlook:
The automotive industry is the largest consumer of acrylonitrile butadiene styrene. The growing production of vehicles in major automotive manufacturing countries such as Germany, France, China, Japan, South Korea, India, Italy, and the US will augment the demand for acrylonitrile.
The application in consumer goods and home appliances contributed to the largest market share in 2020 and is expected to grow at a rate of 6.7% in the forecast period owing to an increase in the level of the disposable income of the people in the region.
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For the purpose of this report Reports and Data has segmented global Acrylonitrile Butadiene Styrene (ABS) market on the basis of type, application, and region:
Raw Material Outlook (Revenue, USD Billion; 2020-2028)
- Acrylonitrile
- Butadiene
- Styrene
Process Type Outlook (Revenue, USD Billion; 2020-2028)
- Injection Molding
- Extrusion
- Blow Molding
- Others
Applications Outlook (Revenue, USD Billion; 2020-2028)
- Automotive & Transportation
- Construction
- Electronics
- Consumer Goods & Home Appliances
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Acrylonitrile Butadiene Styrene (ABS) during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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