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.
Asia Pacific to have a major share in the Acrylonitrile Butadiene Styrene Industry:
Asia Pacific is expected to dominate the Acrylonitrile Butadiene Styrene Resin Analysis during the forecast period. This is due to the growing demand for automobiles and consumer goods. Asia Pacific is expected to reach $25.84 billion by 2023 at a CAGR of 3.6%.
US dominates the American Share due to high scale of production and construction activities, followed by Canada. In Latin America, the expansion of the automobile sector drives the growth of ABS textured plastic sheet in the region.
Acrylonitrile Butadiene Market done in the full Report:
The electrical/electronics segment will possess the maximum share in the Acrylonitrile Butadiene. 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. It is used in phone cases, microwave ovens, keyboards, small household appliances, flat screens, etc.
ABS can also be used for dismantling and recovery in 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.html
Excerpts 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.
• Value engineering and the use of self-coloring processes impact the use of Acrylonitrile Butadiene Styrene. These properties enable the molders and manufacturers to enhance productivity and cost efficiency of their processes.
• The automotive industry is the best example of how the application of value engineering applied to ABS resins, not only improves productivity, but alsoimprove performance as well.
• Self-coloring processes facilitate manufacturers with a less expensive, faster, and more efficient coloring option. This gives them the flexibility to produce colored parts for products such as mobile phones, vacuum cleaners, and electrical switches.
Key players of the Acrylonitrile Butadiene Market:
Chi Mei Corporation is the leading company in the Acrylonitrile Butadiene Styrene (ABS) Resin Market. It accounts to 23% of the market share and produces 1.85 million tons of resin. LG Chemical, a player from Korea, is the second largest company producing ABS resins. Ineos Styrolutions produces 1.19 million tons of resins and is the major supplier of ABS in Europe. The concentration of players in Asia Pacific, especially in Taiwan, is due to the growing electronics industry. The companies in this region have high profits, which reduces the cost of the raw materials.
Acrylonitrile Butadiene Resin Market is segmented as below
A. Acrylonitril Butadiene Styrene Resin Market By Grades
1. High Gloss
2. Low Gloss
B. Acrylonitrile Butadiene Styrene(ABS) Resin Market By Application
1. Electrical/Electronics
2. Automotive
3. Consumer Appliances
4. Building and Construction
5. Others
C. Acrylonitrile Butadiene Styrene(ABS) Resin Market By Geography(covers 12+ countries)
D. Acrylonitrile Butadiene Styrene(ABS) Resin Market Entropy
Companies Cited / Interviewed
1. LG Chem
2. Chie Mei Corporation
3. TORAY INDUSTRIES
4. FORMOSA PLASTICS CORPORATION
5. BASF SE
6. SABIC
A. SCHULMAN
7. TRINSEO LLC
8. CNPC
9. LOTTE ADVANCED MATERIALS
10. And 14+ more
Related Report:
A. Engineering Plastics Market
https://industryarc.com/Report/15507/engineering-plastics-market.html
B. Antimicrobial Plastics Market
https://industryarc.com/Report/15530/antimicrobial-plastic-market.html
What can you expect from the report?
The Acrylonitrile Butadiene Resin Market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Bench marking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.
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About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business.
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Acrylonitrile Butadiene Styrene (ABS) Market value is Growing at a CAGR of 7.2% during the forecast 2018-23.
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 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.
The Global Acrylonitrile Butadiene Styrene (ABS) Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Acrylonitrile Butadiene Styrene (ABS) Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/10454-acrylonitrile-butadiene-styrene-abs-market-reportThe report also covers the complete competitive landscape of the global Acrylonitrile Butadiene Styrene (ABS) market with company profiles of key players such as:Asahi KaseiChi Mei CorporationFormosa Plastic CompanyKumho Petrochemical CompanyLG ChemicalsSabicStyrolutionStyronA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Applications:AppliancesElectrical and ElectronicsAutomotiveConsumerConstructionOthersBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Rest of the World (RoW)Download Free Sample Report of Global Acrylonitrile Butadiene Styrene (ABS) Market @ https://www.decisiondatabases.com/contact/download-sample-10454The Global Acrylonitrile Butadiene Styrene (ABS) Market has been exhibited in detail in the following chapters –Chapter 1 Acrylonitrile Butadiene Styrene (ABS) Market PrefaceChapter 2 Executive SummaryChapter 3 Acrylonitrile Butadiene Styrene (ABS) Industry AnalysisChapter 4 Acrylonitrile Butadiene Styrene (ABS) Market Value Chain AnalysisChapter 5 Acrylonitrile Butadiene Styrene (ABS) Market Analysis By ApplicationsChapter 6 Acrylonitrile Butadiene Styrene (ABS) Market Analysis By GeographyChapter 7 Competitive Landscape Of Acrylonitrile Butadiene Styrene (ABS) CompaniesChapter 8 Company Profiles Of Acrylonitrile Butadiene Styrene (ABS) IndustryPurchase the complete Global Acrylonitrile Butadiene Styrene (ABS) Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-10454Other Reports by DecisionDatabases.com:Global Styrene Isoprene Butadiene Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Styrene Butadiene Latex Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Styrene Butadiene Rubber Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
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.
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.
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 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.
The Global Acrylonitrile Butadiene Styrene (ABS) Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Acrylonitrile Butadiene Styrene (ABS) Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/10454-acrylonitrile-butadiene-styrene-abs-market-reportThe report also covers the complete competitive landscape of the global Acrylonitrile Butadiene Styrene (ABS) market with company profiles of key players such as:Asahi KaseiChi Mei CorporationFormosa Plastic CompanyKumho Petrochemical CompanyLG ChemicalsSabicStyrolutionStyronA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Applications:AppliancesElectrical and ElectronicsAutomotiveConsumerConstructionOthersBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Rest of the World (RoW)Download Free Sample Report of Global Acrylonitrile Butadiene Styrene (ABS) Market @ https://www.decisiondatabases.com/contact/download-sample-10454The Global Acrylonitrile Butadiene Styrene (ABS) Market has been exhibited in detail in the following chapters –Chapter 1 Acrylonitrile Butadiene Styrene (ABS) Market PrefaceChapter 2 Executive SummaryChapter 3 Acrylonitrile Butadiene Styrene (ABS) Industry AnalysisChapter 4 Acrylonitrile Butadiene Styrene (ABS) Market Value Chain AnalysisChapter 5 Acrylonitrile Butadiene Styrene (ABS) Market Analysis By ApplicationsChapter 6 Acrylonitrile Butadiene Styrene (ABS) Market Analysis By GeographyChapter 7 Competitive Landscape Of Acrylonitrile Butadiene Styrene (ABS) CompaniesChapter 8 Company Profiles Of Acrylonitrile Butadiene Styrene (ABS) IndustryPurchase the complete Global Acrylonitrile Butadiene Styrene (ABS) Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-10454Other Reports by DecisionDatabases.com:Global Styrene Isoprene Butadiene Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Styrene Butadiene Latex Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Styrene Butadiene Rubber Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
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.
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.