Global Acrylonitrile Butadiene Styrene Market Growth, Trends and Absolute Opport

Posted by kelvindbmr on November 6th, 2019

Global 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

Acrylonitrile Butadiene Styrene (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.

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Competitive Analysis:

Global acrylonitrile butadiene styrene market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of acrylonitrile butadiene styrene market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

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.

Segmentation: Global Acrylonitrile Butadiene Styrene Market

• By Source (Acrylonitrile, Butadiene and Styrene Monomers)
• By Process (Extrusion and Injection Molding)
• By Additives (Glass, Polyvinylchloride (PVC) and Others)
• By Product Type (Opaque, Transparent and Coloured)
• By Application (Construction, Automotive, Marine, Furniture, Plumbing and Others)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers:

• 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

Market Restraints:

• 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

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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