Global SAN Styrene-Acrylonitrile Market Manufacturers Analysis Report 2020-2025

The global acrylonitrile butadiene styrene market size is projected to reach USD 42,809.5 million by 2027, exhibiting a CAGR of 6.9% during the forecast period.

According to a study by Oxford Economics and Global Construction Perspectives, the volume of construction output is slated to grow by 85%, hitting a value of USD 15.5 trillion by 2030.

Acrylonitrile butadiene styrene (ABS), a versatile thermoplastic, is known for its structural sturdiness, superior impact strength, resistance to corrosive chemicals, and excellent mechanical and insulating properties, making it an essential component in the construction of buildings.

Restraining FactorFluctuating Demand for Plastics from the Auto Industry amid COVID-19 to Inhibit GrowthThe arrival of COVID-19 led to massive upheavals in several industries, with the plastics industry is facing a moderate impact of the pandemic, which in turn in expected to have spillover effects on the acrylonitrile butadiene styrene market growth.

Polymer manufacturers catering specifically to the automotive industry have been severely hit by the pandemic as many large automakers worldwide have had to shut down their operations in response to lockdowns and plummeting demand.

For example, Fiat Chrysler announced that it will be ending its production activities at its plants in Serbia, Italy, and Poland, while Volkswagen declared closure of its plant in Spain.

Global research report called Acrylonitrile Butadiene Styrene (ABS) market was recently published by Reports and Data.

The new research study on Acrylonitrile Butadiene Styrene (ABS) market sheds light on the current scope as well as on the upcoming opportunities in the future.

The report also focuses on global major leading industry players of Acrylonitrile Butadiene Styrene (ABS) market providing information such as company profiles, product picture and specification, price, capacity, cost, production, revenue and contact information.Increasing use of acrylonitrile butadiene styrene is estimated to simulate market demand in the upcoming years owing to its high luster and easy formability.

Acrylonitrile butadiene styrene finds application in TVs, TV/OA housings, monitor housings, VCRs, fax machines, printers, vacuum cleaners, digital cameras, camcorders, computers, CD-ROM bezels, microwave ovens, adapters, sheet for refrigerators, and briefcases, among others.

Rising awareness pertaining to the innate relationship between vehicle mass and fuel economy is boosting the demand for lightweight engineering plastics and hence, in turn, is expected to drive the market demand for ABSKey participants include LG Chemicals, Asahi Kasei, Chi Mei Corporation, Formosa Plastics, Kumho Petrochemicals, SABIC, Styron, BASF SE, Du Pont, and Arkema SA, among others.In the construction industry, ABS finds application in the production of plastic tubing and corrugated plastic structures.

This engineering plastic can be cut to various size and comes in a wide range of colors and finishes.ABS, on burning leads to the generation of high smoke, which could cause concerns about air pollution.

According to the new market research report by IndustryARC titled “Acrylonitrile Butadiene Styrene Resin Market(2018-2023) ”, the market is driven by the growing automotive industry and household packaging.

US dominates the American Share due to high scale of production and construction activities, followed by Canada.

It is expected to reach a revenue of $8,413 million by 2023 at a CAGR of 4.3%.ABS polymer has heat resistance, high impact strength, and chemical resistance which makes it suitable for the electrical and electronic components.

With advancements in the smartphone industry, the market is expected to experience an upsurge during the forecast period.

To access full Report click on below link:https://industryarc.com/Report/248/ABS-Resin-Market-analysis-report.htmlExcerpts on Market Growth Factors • ABN resins provide cost effective processing and increased end user performance for applications in many segments such as automotive, information technology equipment, building and construction, small and large appliances, medical and office furniture.

This gives them the flexibility to produce colored parts for products such as mobile phones, vacuum cleaners, and electrical switches.

Acrylonitrile Butadiene Styrene market (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.

It provides huge impact on heat resistance and durability.

ABS is highly used in some of the prominent industries which include automotive, building & construction, sports, consumer goods, and electronics.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 activitiesThe Global Acrylonitrile Butadiene Styrene Market report takes into account all the company profiles of the major players and brands.

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 of the acrylonitrile butadiene styrene in industry goods, various equipment, automobile ancillaries, and construction instruments to achieve lightweight and high tensile strength, is significantly contributing to market growth over the forecast period.

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.

Production for large equipment for the storage of the waste materials with the use of the acrylonitrile butadiene styrene (ABS) provides better corrosion resistance and more durability in comparison with the conventional products such as PVC.