Acrylonitrile Butadiene Styrene Research Report- Forecast to 2023
Acrylonitrile Butadiene Styrene Market 2018 Size,
Share, Emerging Trends & Forecast 2022
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Acrylonitrile Butadiene Styrene Research Report- Forecast to 2023
Market Overview: Acrylonitrile Butadiene Styrene (ABS) is a basic type of thermoplastic-based polymer, which occurs in the form of amorphous powder. It is manufactured by polymerization of acrylonitrile and styrene in the presence of Polybutadiene, which results in a long chain ABS polymer. ABS is a shiny plastic with an impervious surface. The product exhibits some important mechanical properties such as a greater impact and heat resistance and durability. ABS can be easily modified with alteration of its basic properties according to its applications in particular industry. It can be ABS can be manufactured in different types depending on the grades. Among them, one is the ABS for extrusion, and another one is ABS for injection molding. On account of its beneficial properties such as an impact and heat resistance, ABS is majorly used in the manufacturing of rigid, light, and molded parts for numerous major end-use industries namely automotive, building & construction, sports, consumer goods, and electronics. The protuberant factors driving the growth of the global Acrylonitrile Butadiene Styrene are the rapidly growing construction activities, increasing urbanization and industrialization around the world, wherein the demand for the product is continuously increasing. Apart from these, increasing standards of living and disposable income of people, especially in developing countries incentivizing them to invest more in the high-end construction and decorative home activities. This is anticipated to boost the demand for the Acrylonitrile Butadiene Styrene during the years to follow. The changing lifestyle of people in the world is reflecting their consumer patterns, which can be observed with increasing demand for the household appliances and other electronic equipment. According to Statista, the global electronics industry is expected to grow at a healthy CAGR of around 5% during 2016-2018 and is also estimated to retain the same growth trajectory owing to the increasing global demand, especially from the Asia Pacific. Moreover, the major players manufacturing the product are heavily investing in the production of Acrylonitrile Butadiene Styrene to meet increasing demand from diverse end-use industries. Lastly, the widening of the scope of applications in vast applications on account of the lightweight, better chemical and chemical resistance, greater strength & durability, excellent design flexibility, corrosion resistance, and superior mechanical characteristics of the product are likely to propel the growth of the Market during the forecast period. However, the major factor, which can hamper growth momentum of the Market during the period under consideration is fluctuating prices of this product on the backdrop of the limited supply of raw material as compared to the demand for the end product.
Key Players Analysis: The prominent players in the global Acrylonitrile Butadiene Styrene Market are LG Chem. (South Korea), INEOS Styrolution (Germany), Trinseo (U.S.), KUMHO PETROCHEMICA (South Korea), Formosa Chemicals & Fibre Corp. (Taiwan), SABIC (Saudi Arabia), BASF SE (Germany), TORAY INDUSTRIES INC. (Japan), Mitsui Chemicals, Inc. (Japan), Ravago Americas (U.S.), and others.
Segmentation The global Acrylonitrile Butadiene Styrene Market is segregated on the basis of application and region. Based on the application the Market is divided into appliances, electrical & electronics, automotive, building & construction, consumer goods, sports equipment, musical instruments, and others. Geographically, the Markets are divided into five major regions namely, North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America.
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Copyright Š 2018 Market Research Future.
Acrylonitrile Butadiene Styrene Research Report- Forecast to 2023
REGIONAL ANALYSIS: The global Acrylonitrile Butadiene Styrene Market is spanned across North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. The Asia Pacific is estimated to dominate the Market due to the considerable growth in the automotive and building & construction industry. The major contributors to the Market in this region are South Korea, China, India, and Japan. This is attributed to rapidly increasing government and private investment in infrastructural development. After the Asia Pacific, North America is the second most substantial region in the global Acrylonitrile Butadiene Styrene Market. The U.S. is the major Market in this region on account of the presence of wellestablished end-use industries such as automotive and sports. Europe is following North America, in terms of the Market size, in the global Acrylonitrile Butadiene Styrene Market. The regional Market is dominated by the U.K, Germany, France, and Italy. The Aerospace and automotive industries in Europe are the responsible for the major consumption of Acrylonitrile Butadiene Styrene in this region. This is expected to drive demand for the product in this regional Market. Latin America has been observed to witness a steady growth of end-user industries in countries namely Brazil, Venezuela, and Argentina, after the recent economic and political turmoil. In coming years there is a huge growth opportunity for construction and sports industry in the Middle East & Africa, which is likely to help boost the growth of the regional Market. Target Audience
Acrylonitrile Butadiene Styrene Manufacturers
Traders and distributors of Acrylonitrile Butadiene Styrene
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory
LIST OF TABLE & FIGURES
FIGURE 1 Global Acrylonitrile Butadiene Styrene Market Segmentation FIGURE 2 Forecast Methodology FIGURE 3 Five Forces Analysis Of Global Acrylonitrile Butadiene Styrene Market FIGURE 4 Value Chain Of Global Acrylonitrile Butadiene Styrene Market FIGURE 5 Share Of Global Acrylonitrile Butadiene Styrene Market In 2016, By Country (In %) FIGURE 6 Global Acrylonitrile Butadiene Styrene Market, 2016-2023, FIGURE 7 Sub Segments Of Application FIGURE 8 Global Acrylonitrile Butadiene Styrene Market Size By Application, 2016
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Copyright © 2018 Market Research Future.
Acrylonitrile Butadiene Styrene Research Report- Forecast to 2023
FIGURE 9 Share Of Global Acrylonitrile Butadiene Styrene Market By Application, 2016 To 2023
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Copyright Š 2018 Market Research Future.
Acrylonitrile Butadiene Styrene Research Report- Forecast to 2023
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Copyright Š 2018 Market Research Future.