Acrylonitrile Butadiene Styrene Market

Acrylonitrile Butadiene Styrene Market Revenue Drivers Growth Opportunities Supply Chain Analysis and Forecast Research Report Till 2022

“The global acrylonitrile butadiene styrene market size is expected to value at USD 34.88 billion by 2022 with CAGR of 7.1% in forecast period, providing numerous opportunity for market players to invest for research and development.”

The global Acrylonitrile Butadiene Styrene Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.

Market Overview: The global acrylonitrile butadiene styrene market size is expected to value at USD 34.88 billion by 2022.

The market is subject to witness a substantial growth due to the increasing need in automotive sector for light weight automobile parts and construction sector. Rising adoption in industry goods, various equipment, automobile ancillaries, & construction instruments to achieve lightweight & high tensile strength, is significantly contributing to market growth over the forecast period.

Key Players:         

LG Chemicals Asahi Kasei Chi Mei Corporation Formosa Plastics KKPC SABIC Styron Styrolution BASF

Request free sample to get complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/acrylonitrile-butadiene-styrene-market/requestsample Growth Drivers: Ever increasing greenhouse gas emission as per the International Energy Agency (IEA) is a key driving factor for growth of the acrylonitrile butadiene styrene market. Furthermore, numerous advantages associated with the adoption of the lightweight parts in the automotive industry, is propelling expansion of the market in recent years. Globally, the market is predicted to grow at CAGR of 7.1% in forecast period, providing numerous opportunity for market players to invest for research & development.

Substantial growth of the automotive sector in the various region across the globe is likely to spur market demand of the acrylonitrile butadiene styrene. Rising purchases of commercial vehicle, public transport systems, and motorbikes are some of the key areas to promote adoption of the acrylonitrile butadiene styrene in coming years. Applications of the acrylonitrile butadiene styrene (ABS) involves production of the interior automobile parts similar to trims, main console, inside grating, liners on the headlights, and side view mirrors. Increasing sales of automotive vehicles is expected to have a positive impact the expansion of the acrylonitrile butadiene styrene market.

The use of the acrylonitrile butadiene styrene (ABS) in construction sector involves manufac turing of vacuum pumps and pipes, & differential fitting instruments, majorly due to superior mechanical strength and lightweight. Production for large equipment for the storage of the waste materials with the use of the acrylonitrile butadiene styrene provides better corrosion resistance & more durability in comparison with the conventional products such as PVC. Such properties associated with acrylonitrile butadiene styrene are likely to augment market growth during the forecast period. Though, rising use of the styrene butadiene rubber is likely to limit growth of the acrylonitrile butadiene styrene market in upcoming years. Styrene butadiene rubber (SBR) is largely used in the production of tires & various automobile parts due to its high abrasion resistance, is significantly hamper growth of the market.

Application Outlook:     

Appliances Automotive Consumer Goods Construction Electrical And Electronics

Regional Outlook: The acrylonitrile butadiene styrene market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America & Africa. North America has shown major growth in recent years owing to the rising vehicle manufacturing and presence of prominent industry players in the region. Asia-Pacific region is predicted to hold major market share in the market with massive growth in forecast period. Countries such as India & China are leading the Asia-Pacific market with growing demand from rising construction, growing personal expenditure & significant spending of government agencies on infrastructure.

Browse Related Category Research Reports @ https://blog.naver.com/tomclark

Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com

Global Headquarters

Asia Pacific

Million Insights

Million Insights

Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States

Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India

Phone: 1-408-610-2300 Email: sales@millioninsights.com

Phone: 91-20-65300184 Email: sales@millioninsights.com