openPR Logo
Press release

Acrylonitrile Butadiene Styrene Market 2019 Business Opportunities, Upcoming Opportunities, Revenue Growth Rate, Leading Players Updates 2023

07-29-2019 01:26 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Acrylonitrile Butadiene Styrene Market By Applications (Appliances, Electrical & Electronics, Automotive, Building & Construction, Consumer Goods, Sports Equipment, Musical Instruments, And Others) And By Region Till 2023

Global Acrylonitrile Butadiene Styrene Market report is designed in a method that helps readers to acquire a complete knowledge about the overall market scenario for the projected period. This Market report consists of the brief profile of key players in the industry and their upcoming market plans and current developments during the forecasted period 2019 to 2023.

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.

Competitive Analysis

Some of the prominent players in the global acrylonitrile butadiene styrene market are 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), and Ravago Americas (U.S.), among others.

Get Sample Report of this Research @ https://www.marketresearchfuture.com/sample_request/5566

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.

Regional Analysis:

Regionally, North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America are the five major regions in the global acrylonitrile butadiene styrene market. Among these regions, Asia Pacific is estimated to hold the largest share of the global acrylonitrile butadiene styrene market and is anticipated to retain its dominance over the forecast period. The region accounts for over 60% share of the market due to increasing demand from the major end-use industries such as building & construction, electronics, and sports equipment. The major markets in this region are South Korea, China, India, and Japan, wherein the automotive and electronics industry are the major end users.

The automotive industry in the Asia Pacific is witnessing the highest CAGR owing to growing demand for the passenger cars and Light Commercial Vehicles (LCV) around the globe. The emerging economies in this region are continuously earmarking a considerable share of their GDP for investment in developing major physical infrastructures such as roads, rail, and ports, commercial and residential buildings. The major populated countries such as India and China are emphasizing over construction of affordable houses for their rapidly increasing population, which is likely to fetch sizeable share of the overall demand for the product. Moreover, rapid industrialization, growing urbanization, increasing disposable income and rising standard of living of the people in this region are some of the prominent factors favoring the growth of the market in this region. Furthermore, the other significant end-use industries such as electronics and sports are growing at a considerable CAGR in this region to propel the growth of the market further.

After the Asia Pacific, North America is the second major market, in terms of market size in the global acrylonitrile butadiene styrene market. The region is further segmented into the U.S and Canada. Among them, the U.S is estimated to dominate the market due to the significant presence of the leading market players and major end-use industries such as construction and automotive industry.

Europe is another substantial region in the global acrylonitrile butadiene styrene market, which is further categorized into Germany, France, the U.K, Italy, Spain, and Russia. Among them, France, Germany, and Italy holding a considerable share of the market. The automobile industry in this region is fetching maximum demand for the product. Surging demand for the lightweight electric vehicles is anticipated to fuel the growth of the regional acrylonitrile butadiene styrene market in coming years.

Lastly, the Middle East & Africa and Latin America are projected to grow at a moderate CAGR during the review period.

Access Report Details @ https://www.marketresearchfuture.com/reports/acrylonitrile-butadiene-styrene-market-5566

Market Segmentation:

The global acrylonitrile butadiene styrene market has been segmented on the basis of application, and region.

Based on the application, the global acrylonitrile butadiene styrene market is categorized into, electrical & electronics, automotive, building & construction, consumer goods, sports equipment, musical instruments, and others. Among these applications, the appliances application segment is estimated to dominate the market and is projected to reach a double digit USD billion figure by the end of 2023. As of 2016, the appliances segment held over 30% share of the market. This is attributed to changing lifestyle of the people, which demands more luxury and expedite process. The major appliances include in this segment are primarily belongs to the household applications such as dryer, microwave oven, television sets, and washing machines. Increasing disposable income and rising standard of the living of the people in emerging economies is one of the prominent factors driving growth of this segment in the global acrylonitrile butadiene styrene market.

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

WantStats Research and Media Pvt. Ltd. Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Acrylonitrile Butadiene Styrene Market 2019 Business Opportunities, Upcoming Opportunities, Revenue Growth Rate, Leading Players Updates 2023 here

News-ID: 1813530 • Views:

More Releases from Market Research Future

Global Small Boat Industry Sees Growing Demand Amid Rising Recreational Boating and Coastal Activities
Global Small Boat Industry Sees Growing Demand Amid Rising Recreational Boating …
As per the latest analysis by Market Research Future, the Small Boats Market Size was estimated at 17.12 (USD Billion) in 2024. The Small Boats Market Industry is expected to grow from 17.88 (USD Billion) in 2025 to 26.41 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 4.43% during the forecast period (2025 - 2034). The global small boat industry is witnessing significant growth, driven
Automotive Trim Market Attaining USD 193.22 Billion till 2034 | Innovations Redefine Vehicle Aesthetics and Functionality
Automotive Trim Market Attaining USD 193.22 Billion till 2034 | Innovations Rede …
As per the latest analysis by Market Research Future, the Automotive Trim Market Size was estimated at 140.30 (USD Billion) in 2024. The Automotive Trim Market Industry is expected to grow from 144.87 (USD Billion) in 2025 to 193.22 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 3.25% during the forecast period (2025 - 2034). The automotive industry is witnessing a significant transformation in vehicle
Leading Automotive Technology Firms Expand Fuel Level Sensor Solutions for Next-Generation Vehicles | Robert Bosch Gmbh, Technoton
Leading Automotive Technology Firms Expand Fuel Level Sensor Solutions for Next- …
As per the latest analysis by Market Research Future, Automotive Fuel Level Sensor Market Size was valued at USD 5,788.04 million in 2024. The Automotive Fuel Level Sensor market industry is projected to grow from USD 6,008.32 million in 2025 to USD 9,201.90 million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.35% during the forecast period (2024 - 2035). With the global automotive industry focused on precision,
Valet Parking Technology Gains Momentum as Urban Mobility and Smart Infrastructure Evolve | Market Growth with 15.62% CAGR
Valet Parking Technology Gains Momentum as Urban Mobility and Smart Infrastructu …
As per the latest analysis by Market Research Future, the Valet Parking Technology Market Size was estimated at 1.41 (USD Billion) in 2024. The Valet Parking Technology Market Industry is expected to grow from 1.63 (USD Billion) in 2025 to 6.01 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 15.62% during the forecast period (2025 - 2034). Valet parking technology is emerging as a transformative

All 5 Releases


More Releases for America

Deodorants Market Report by Region (North America, EMEA, Latin America, Asia)
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Deodorants market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%), compound
Sequestrant Market Report by Region (North America, EMEA, Latin America, Asia)
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Sequestrant market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%), compound
Buttermilk Market Study by Region (North America, Latin America, Europe, Asia, M …
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Buttermilk market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%),
Masterbatches Market Study by Region (North America, Latin America, Europe, Asia …
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Masterbatches market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%),
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market Summary The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements. Gaucher Disease market size to maintain the average annual growth