Acrylonitrile Butadiene Styrene Market Report 2019–24 | Top Players Mitsui Chemicals Group, Sabic, BASF, LG Chem, INEOS Styrolution, Polyone, Toray Industries, Inc.
Europe acrylonitrile butadiene styrene market, dominated by Germany, France, UK and Russia is the major hub for automobile industry with availability of advanced innovations and improved performance of automobiles. High product usage in car interior as well as exterior is likely to be beneficial for the acrylonitrile butadiene styrene market growth.
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Potential applications in construction, electrical & electronics and home appliances will propel the acrylonitrile butadiene styrene market growth. Superior properties including fire retardation, high strength, lightweight and better surface appearance will further enhance the industry share.
Increasing overall construction expenditure coupled with rising government spending on infrastructure development will fuel the acrylonitrile butadiene styrene market. Moreover, expansion in the global automotive industry is the key factor enhancing the product penetration.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Chi Mei Corporation
2. LG Chemicals
3. INEOS Styrolution
4. Kumho Petrochemical Company
5. Formosa Plastic Company
7. Asahi Kasei
9. China Petroleum & Chemical Corporation
10. Elix Polymers
14. Ampa Group
15. Dow Chemicals
16. Ravago Manufacturing Americas, LLC
18. Entec Polymers LLC
19. RTP Engineering Plastics
20. Bayer AG
21. Techno Polymer Co., Ltd.
22. Mitsui chemicals Inc
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Growth in the global home appliances industry across the world due to its rising demand will generate profitable avenues for the product scope. High design flexibility & strength, enhanced visual look, low material wastage and low material costs are key properties enhancing the product development. However, emergence of sustainable products can replace ABS based resins in the coming future.
Automotive acrylonitrile butadiene styrene market is estimated to witness gains over 4% up to 2024. Increased product usage in locomotive parts including steering covers, body panels, tires and bumpers has positively influenced the industry growth.
Electrical & electronics industry will witness CAGR over 3.5% up to 2024. Increasing customer purchasing power and changing lifestyles are the key factors fueling business growth. Growing demand for corrosion and temperature resistant materials in computer accessories, electronic devices, and business machine will support the product penetration.
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Global acrylonitrile butadiene styrene market share is consolidated with the presence of few international manufacturers. Some of the key players are Chi Mei corporation, LG Chemicals, Formosa Plastic Company, Kumho Petrochemical, Dow Chemical Company, SABIC, Asahi Kasei and Styron.
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