Acrylonitrile Butadiene Styrene Market Overview:

Acrylonitrile butadiene styrene or ABS is a thermoplastic resin, which is commonly used in injection molding applications. It is available in the form of amorphous powder. This product is derived from butadiene, acrylonitrile, and styrene, which result into the formation of shiny, glossy yet tough, and durable plastic called acrylonitrile butadiene styrene. It is one of the finest polymers in styrenic family due to some important characteristic features such as greater hardness, toughness, good chemical resistance, and better stability. The global acrylonitrile butadiene styrene is primarily driven by the rapidly growing construction activities, increasing urbanization, and industrialization around the world. Additionally, increasing standards of living and disposable income of people, especially in developing countries incentivizing them to invest more in high end construction and home decorative activities. However, the major factor, which may restrain the growth of the market during the review period is fluctuating prices of this product on the backdrop of limited supply of raw material as compared to the demand for the end product.

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Top Key Players Analysis:

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

Targeted Audience:

Acrylonitrile Butadiene Styrene Manufacturers
Traders and distributors of Acrylonitrile Butadiene Styrene
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory
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.

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 well-established 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.

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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.