Global Асrуlоnіtrіlе-Вutаdіеnе-Ѕtуrеnе (АВЅ) Rеѕіn Market Forecast, Trend Analysis and Competition Tracking - Global Market insights 2015 to 2031

Асrуlоnіtrіlе-Вutаdіеnе-Ѕtуrеnе (АВЅ) Rеѕіn Market Introduction:

ABS stands for Acrylonitrile Butadiene Styrene. ABS is an impact-resistant engineering thermoplastic and amorphous polymer. ABS is composed of following three monomers namely acrylonitrile, butadiene and styrene:

1. Acrylonitrile is a synthetic monomer produced from propylene and ammonia. This ingredient contributes to the chemical resistance and thermal stability of ABS.
2. Butadiene is a by-product of ethylene production in a steam cracker. This component provides toughness and impact strength for ABS polymer
3. Styrene is prepared by ethylbenzene dehydrogenation. It provides rigidity and workability to ABS plastic.

ABS is produced by emulsion or continuous quality technology. The chemical formula of acrylonitrile butadiene styrene is (C8H8·C4H6·C3H3N). The natural material is opaque ivory and can be easily colored with pigments or dyes. ABS resin is used in the production of durable goods that require impact resistance, such as automobile bumpers or playground equipment. ABS can be combined with other plastics to create tough, rigid plastic products that are lighter than metal.

The increasing demand for ABS resin in the construction industry has boosted market demand. The high demand for this plastic in the construction industry is attributed to its durability and lightness, which facilitates easy handling and transportation around the construction site. In addition, since it can achieve a tight seal, it has corrosion resistance and strong resistance to severe weather conditions. Cost is an important aspect of construction projects, which is also an important reason for companies to choose plastic materials. Compared with materials such as metals, resins are economical and inexpensive.

Global Асrуlоnіtrіlе-Вutаdіеnе-Ѕtуrеnе (АВЅ) Rеѕіn Market Revenue Outlook:

The Global Асrуlоnіtrіlе-Вutаdіеnе-Ѕtуrеnе (АВЅ) Rеѕіn Market was valued at US$ 28.5 Bn in 2020 and is projected to register а САGR of 4.8% by 2031.

Rising demand for Асrуlоnіtrіlе-Вutаdіеnе-Ѕtуrеnе (АВЅ) Rеѕіn from the automotive industry

The automotive industry utilizes ABS resin because it is strong and durable, making it a popular option for automakers designing cars for everyday use. The demand for ABS resin in the Automotive and Transportation industry has been increasing in recent years. The World Bank's Industrial and Manufacturing output measure of ABS resin in North America and Europe has increased by over 4% each year since 2015, and demand continues to grow.

COVID-19 impact on the Асrуlоnіtrіlе-Вutаdіеnе-Ѕtуrеnе (АВЅ) Rеѕіn Market

The demand for chemicals is also being impacted, with global supply chains being interrupted, and stock prices of various chemical companies have experienced an unprecedented economic blow. The competitive order of chemical manufacturers in the United States, the Middle East, China and Europe has changed accordingly. This has led to price fluctuations and sudden shortages of raw materials and corresponding end products. The ongoing Coronavirus pandemic is expected to cause unprecedented economic damage irrespective of region.

Factors limiting the revenue growth of the Global Асrуlоnіtrіlе-Вutаdіеnе-Ѕtуrеnе (АВЅ) Rеѕіn Market

ABS is a tough plastic that is shatter-resistant, but it has disadvantages. ABS is very expensive, which creates a barrier for small businesses or hobbyists who are unable to afford the price tag. In addition, ABS has low melting point, making it prone to warping and cracking when subjected to high heat. It also emits dangerous fumes when heated.

Key opportunities for revenue growth of manufacturing industries

The production of ABS by Dupont was a significant event because it provided a rigid and lightweight material that could be formed into a variety of shapes, including complex curves. For this reason, ABS was used in car bumpers, dashboards, and other automobile parts and the material for polyester-filled ski jackets. In addition to its applications in industry, ABS has been used in the development of artificial hearts, blood vessels and other medical devices where flexibility is advantageous.

Major industry players are investing in the numerous R&D activities aimed at the development and launch innovative products, which has also increased the demand for aziridine, thereby positively influencing the global market.  In addition, various manufacturers are adopting several strategies, including new product launches, collaborations, mergers & acquisitions, etc., to sustain or improved their respective position in this market are also a factor that is expected to create opportunities for increased revenue growth.

• In April 2019, the leading market participant INEOS Styrolution gave a comprehensive overview of its material series and solution portfolio for the automotive industry on PIAE (German Automotive Engineering Plastics). The new application of Ineos styrenic composite material StyLight® in structure and aesthetics is introduced.

Regional Analysis

Asia-Pacific region is expected to have a significant market share in the Global Асrуlоnіtrіlе-Вutаdіеnе-Ѕtуrеnе (АВЅ) Rеѕіn Market

China is the world's fastest-growing consumer of crude oil, importing about three quarters of its oil, and has become increasingly aware that it is vulnerable to price spikes due to international market forces. The China is investing heavily in the development of alternatives to oil. The Asian region will dominate the Arcylontirebutadine-Buthadine-Stirenere (ABB) resin market in terms of volume by 2025.

Key Market Players

List of major leading players operating in the Global Асrуlоnіtrіlе-Вutаdіеnе-Ѕtуrеnе (АВЅ) Rеѕіn Market are mentioned below:

• The 3M Company
• BASF SE
• Covestro AG
• DuPont
• Ashland Inc.
• INEOS
• LG Chem Ltd.
• LyondellBasell Industries Holdings B.V.
• SABIC
• Teijin Limited
• Trinseo LLC
• Elix Polymers
• Formosa Chemicals & Fibre Corporation
• Grand Pacific Petrochemical Corporation
• Lanxess AG
• Arkema Group
• Ashland Global Holdings, Inc.
• Other Key Industry Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Segments Covered

Асrуlоnіtrіlе-Вutаdіеnе-Ѕtуrеnе (АВЅ) Rеѕіn Market, By End-Use Industry

• Automotive and Transportation
• Construction
• Electronics
• Consumer Goods
• Other End-Use Industries