Acrylonitrile Butadiene Styrene (ABS) Market Trends and Segments Forecast To 2028

The global acrylonitrile butadiene styrene (abs) market size was valued at USD 23.7 billion in 2021 and is poised to grow at a CAGR of 6.5% during the forecast period from 2022 to 2028. Acrylonitrile Butadiene Styrene (ABS) is a thermoplastic polymer that is widely used in various applications such as automotive parts, toys, electronic housings, and household appliances. ABS is a copolymer made from three monomers: acrylonitrile, butadiene, and styrene. This material is known for its high impact resistance, strength, and toughness, as well as its ability to withstand high temperatures and resist chemicals. The ABS market refers to the global market for this thermoplastic polymer. The market is driven by the increasing demand for ABS in various end-use industries, such as automotive, electronics, and construction.

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Acrylonitrile Butadiene Styrene (ABS) Market Growth Factors:
The lightweight properties of acrylonitrile butadiene styrene (ABS) make it a desirable material for the automotive industry. ABS is used to manufacture various automotive components, such as seating, bumpers, interior trims, dashboards, center consoles, headliners, and lighting. It is estimated that 12.5% of all automotive polymers used in the manufacturing of passenger automobiles are made of ABS. As the automotive industry continues to develop, the demand for ABS is expected to increase, driving market growth.

In addition to its use in the automotive industry, ABS is also utilized for pipes, fittings, vacuum construction, and waste collector products due to its excellent mechanical strength, resistance, and lightweight properties. Its superior corrosion resistance and durability make it a popular choice for waste collector products. These factors are likely to fuel global market growth in the forecast period. Overall, the increasing demand for ABS in various industries, especially the automotive industry, is expected to drive the growth of the ABS market. Major players in the market include LG Chem, Chi Mei Corporation, INEOS Styrolution, SABIC, and BASF SE, among others.

Acrylonitrile Butadiene Styrene (ABS) Market Segmentation:
1) By Application: Electrical and Electronics, Consumer Goods, Construction, Automotive, Appliances, others.

The global acrylonitrile butadiene styrene (abs) market regional analysis:
Acrylonitrile Butadiene Styrene (ABS) has a global market, with key regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America and Europe are mature markets for ABS, with a significant share of the market demand coming from the automotive and construction industries. The strict regulations regarding the use of sustainable and eco-friendly materials in these regions have led to the development of new and advanced forms of ABS, which are driving the market growth.

Asia Pacific is the largest and fastest-growing market for ABS, owing to the rapid industrialization and urbanization in the developing economies of China, India, and Southeast Asia. The automotive and construction industries in the region are the major consumers of ABS, and the growing population, rising disposable income, and improving living standards are driving the demand for ABS in the region.

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Key players in the Acrylonitrile Butadiene Styrene (ABS) Market Segmentation BASF (Ludwigshafen, Germany), 3M (Minnesota, United States), Covestro AG (Leverkusen, Germany), INEOS (London, UK), SABIC (Riyadh, Saudi Arabia), LG Chemicals (Seoul, South Korea), Chi Mei Corporation (Tainan City, Taiwan), Asahi Kasei Corp. (Tokyo, Japan), KUMHO PETROCHEMICAL (Seoul, South Korea)
Formosa Chemicals & Fibre Corp (Tainan City, Taiwan)

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