Press release
Acrylonitrile Butadiene Styrene (ABS) Market Generating Revenue of $39.17 Billion in 2028 | CAGR: 6.2%
"According to the research report published by Polaris Market Research, the Global Acrylonitrile Butadiene Styrene (Abs) Market Size Is Expected To Reach USD 39.17 Billion By 2028, at a CAGR of 6.2% during the forecast period."
Acrylonitrile Butadiene Styrene (ABS) is increasingly being used in diverse industries due to high tensile and impact strength, stiffness, dimensional stability, and excellent formability. It also offers high chemical resistance, high ductility, and cost-efficiency. Increasing industrialization and urbanization, growing disposable income, and rising demand for consumer goods and home appliances boost the acrylonitrile butadiene styrene industry growth.
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ABS is used in diverse industries such as automotive, consumer goods and appliances, electrical and electronics, construction, etc. The consumer goods and appliances segment accounted for the highest share in 2020. However, the automotive segment is expected to grow at a significant rate during the forecast period.
Asia-Pacific is expected to grow at a significant rate during the forecast period. Rising industrial growth, urbanization, and growth in the automotive sector support industry growth in this region. Increasing demand for miniaturized and high-performing electronics and increasing awareness regarding the adoption of electric vehicles fuels growth in this region.
Industry players collaborate for research and development, strengthening their presence and technological innovation. The greater need to cater to growing customer requirements has encouraged the industry participants to leverage new technologies to develop high-quality products.
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Polaris Market Research has segmented the acrylonitrile butadiene styrene (ABS) market report on the basis of end-use and region:
Acrylonitrile Butadiene Styrene (ABS), End-Use Outlook (Revenue, USD Billion, 2016 - 2028)
• Automotive
• Consumer Goods
• Appliances
• Electrical and Electronics
• Construction
• Others
Browse the full "Acrylonitrile Butadiene Styrene (ABS) Market Size, Share, Growth Analysis Report - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast" Report at: https://www.polarismarketresearch.com/industry-analysis/acrylonitrile-butadiene-styrene-abs-market
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Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.
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