Acrylonitrile Butadiene Styrene Market 2020 | Insights & Forecast Research Report 2024

The expansion of the global 3D printing industry is thus indicative of positive growth prospects for Acrylonitrile Butadiene Styrene Market, in the forthcoming years. Acrylonitrile butadiene styrene is, as on today, considered to be the future of plastics and injection molding. Various industry conglomerates find automotive applications most suitable segment to investment in, as it holds high prominence globally. However, ABS usage is also evolving across the 3D printing segment owing its easy operability and convenience.

The advantages offered by this thermoplastic have augmented its usage across several end-use sectors, such as consumer goods, electronics, automotive, and construction, providing a significant boost to the global Acrylonitrile Butadiene Styrene Market. Lately, fundamental business growth strategies such as mergers and acquisitions, investments, joint ventures, and product developments are being adopted rapidly by market players to further enhance the growth prospects of acrylonitrile butadiene styrene (ABS) industry.

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Various studies have revealed that favorable product features such as lightweight-ness, heat resistance, high durability, and corrosion would create a lucrative roadmap for Acrylonitrile Butadiene Styrene Market. Indeed, these features have made ABS plastic, a go to option for building the interiors of various vehicles, making the automotive sector a viable end-use sector for ABS industry.

Deployment of ABS in automobiles
The use of automotive plastic to reduce weight has gained prominence lately, prompting several automakers to shift toward the substitution of metal components with plastic. Plastics like polypropylene, PVC, ABS, polycarbonate and others have thus been used significantly in automobile production. Amongst these, ABS materials have emerged to be one of the most commonly used ones for the production of automotive covers, shrouds, and housings. Well established for its rigid design, electrical insulation properties, and glossy exterior, ABS boasts a highly heat tolerant design, enabling ease of sonic welding and thermoforming on different materials.

The popularity of ABS has enabled various manufacturers to introduce novel innovations in plastic space to expand their business reach. In one such instance, Trinseo, a leader in material solutions provider and plastic manufacturer, introduced lightweight ABS LGF which could potentially replace metal in semi structural components, reducing the vehicle weight by upto 30 per cent. This move of Trinseo gained it massive momentum in a short time span.

Growth drivers are

• Increasing demand for light weight automobiles to obtain better fuel efficiency
• Growing demand for ABS from China
• Growing home appliances market

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Acrylonitrile Butadiene Styrene (ABS) adoption in home appliances

ABS carries high application scope across the home appliances segment owing to low material wastage, superior strength, high design flexibility, and relatively lesser material cost. Furthermore, increasing end-user expenditure on household appliances paired with ABS’s ability to retain the structure at vivid temperatures would yield favorable results for the global home appliance manufacturing sector.

Though considerable R&D efforts are being undertaken to popularize ABS deployment across this segment, it has a long way to go in order to become mainstream.

Considering various topographical trends, Asia Pacific industry is touted to stand tall in regional hierarchy of Acrylonitrile Butadiene Styrene Market. This can be attributed to burgeoning product demand in household appliance and construction sectors. Research indicates that China and India are expected to emerge as leading revenue pocket for APAC as far as ABS deployment is concerned.

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