Acrylonitrile-Butadiene-Styrene (ABS) market size is projected to surpass USD 31.5 billion by 2022, growing at a CAGR between 7.0% and 7.5% from 2016 to 2022. Acrylonitrile Butadiene Styrene (ABS) is a polymer comprising of acrylonitrile, butadiene and styrene. Styrene is the major constituent of ABS. Automotive parts, pipes, industrial appliances, machines, and telephone components are some of the most commonly seen uses of acrylonitrile butadiene styrene. ABS polymers are also resistant to aqueous acids, alkalis, alcohols and animal, vegetable and mineral oils, concentrated hydrochloric and phosphoric acids. The global ABS market is anticipated to be driven by growing demand from automobile and consumer goods (appliances) industries.
Rapid economic growth and increasing purchasing power parity in emerging markets such as China, India and Brazil is expected to drive the demand for consumer appliances and automobiles over the period of 2016 to 2022. This in turn is likely to boost the market for acrylonitrile butadiene styrene market over the period of 2016 to 2022. Globally, the demand for light weight and fuel efficient automobiles is on the rise among the middle class and upper middle class families. Acrylonitrile butadiene styrene has been increasingly preferred over conventional materials such as metal, wood and nylon in the automobiles, owing to which the global market for acrylonitrile butadiene styrene has grown at an annual rate of 6.5% to 7% over the period of 2012 to 2015. This trend is expected to continue in the years to come and the suppliers of acrylonitrile butadiene styrene are likely to cash in more opportunities.
The global Acrylonitrile-Butadiene-Styrene (ABS) market is segmented on the basis of applications such as home appliances, automobiles, electrical and electronic appliances, consumer goods, and construction equipment.
Geographic Coverage and Analysis:
The global acrylonitrile butadiene styrene market covers the analysis of geographies such as North America, Europe, Asia-Pacific and RoW. Among the geographies Asia-Pacific leads the global market with market share over 65%, with china alone accounting for 58% of the market share in 2015. Moreover, Asia-Pacific region is expected to grow at the highest CAGR followed by RoW region. North America is expected to grow at modest CAGR over the forecast period, owing to steady demand from the U.S. and Canada.
- LG Chemicals
- Chi Mei Corporation
- Plastic Company
- Asahi Kasei
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