Global Acrylonitrile Butadiene Styrene Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Acrylonitrile Butadiene Styrene Market Overview

“The global Acrylonitrile Butadiene Styrene market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The acrylonitrile butadiene styrene market report has been segmented on the basis of application and region.

This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.

Acrylonitrile Butadiene Styrene is an opaque thermoplastic and amorphous polymer. It has a strong resistance to physical impacts and corrosive chemicals. Acrylonitrile butadiene styrene is easy to machine and has a low melting temperature, which makes it suitable for injection molding processes.

On the basis of application, the automotive segment is expected to hold a major share in the global target market and is expected to maintain dominance for the next ten years. Rising production of automobiles across the globe owing to increased spending power and rapid urbanization is expected to drive segment growth over the forecast period.

Asia Pacific market is estimated to hold a major revenue share in the global acrylonitrile butadiene styrene market and is expected to maintain its dominance over the forecast period. The growing building & construction industry in countries in the region is expected to drive revenue growth in the Asia Pacific acrylonitrile butadiene styrene market over the forecast period.

The growth of the target market in the region is attributed to the growing production of automobiles in countries such as China, India, South Korea, and Indonesia. The Asia Pacific accounts for the largest revenue share contribution of the target market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively.

Moreover, the presence of a large number of international and local manufacturers in the region is expected to drive revenue growth of the acrylonitrile butadiene styrene market in the Asia Pacific.

Market segmentation and key players operating in the global acrylonitrile butadiene styrene market:

By application:

• Automotive
• Building & construction
• Consumer goods
• Electrical and Electronics
• Others (Kitchen Appliances, Toys, and Sports Equipment)

By region:

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