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Acrylonitrile Butadiene Styrene (ABS) Market Untapped Growth Opportunities by Key Players-
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Additionally, authors of the report have provided the competitive scenario by emphasizing on the prominent strategic activities such as mergers and acquisitions, product development, collaboration, business expansion, and portfolio expansion taking place in Acrylonitrile Butadiene Styrene (ABS) business. This research report as a whole acts like a key tool for the vendors to obtain clear understanding of the present and future development scenario of the Acrylonitrile Butadiene Styrene (ABS) industry.
In order to broaden the overall understanding of the global Acrylonitrile Butadiene Styrene (ABS) industry, the report has segregated the global Acrylonitrile Butadiene Styrene (ABS) business into varied segments comprising product type, application, and end user. This examination has been carried out based on parameters like size, CAGR, share, production, and consumption. Also, region-wise assessment, wherein lucrative prospects that a region or country is likely to offer has been explored.
ABS is a kind of polymer obtained through the copolymerization of three kinds of monomers, namely acrylonitrile, butadiene and styrene. Each of these three monomers has a specific property: the addition of acrylonitrile can improve the anti-corrosion and rigidity properties, butadiene promotes the shock resistance and styrene will contribute the material good fineness. It is among the low cost engineering plastic that is easy to machine and fabricate. ABS is an ideal material for structural applications when impact resistance, strength, and stiffness are required. It is widely used for machining pre-production prototypes such as the auto dashboard since it has excellent dimensional stability and is easy to paint and glue. Natural (beige) ABS and black ABS are FDA compliant for use in food processing applications. Besides, it is widely used in the toys and electron industries including the PC enclosure.
Market Analysis and Insights: Global and United States Acrylonitrile Butadiene Styrene (ABS) Market
This report focuses on global and United States Acrylonitrile Butadiene Styrene (ABS) market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Acrylonitrile Butadiene Styrene (ABS) market size is estimated to be worth US$ 16170 million in 2022 and is forecast to a readjusted size of US$ 20530 million by 2028 with a CAGR of 4.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, by Type, General Purpose ABS accounting for % of the Acrylonitrile Butadiene Styrene (ABS) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While by Application, Automotive was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
The main application of acrylonitrile butadiene styrene (ABS) are washing machine, fridge, PC, car, toys, electronics fields. In terms of product, acrylonitrile butadiene styrene (ABS) can be divided into two types: general purpose ABS and specialty ABS. The general purpose ABS holds a share about 79%. The major manufacturers in the world include LG Chem, Formosa, CHIMEI. etc. The biggest manufacturer is LG Chem, which holds a share about 15%.
Global Acrylonitrile Butadiene Styrene (ABS) Scope and Market Size
Acrylonitrile Butadiene Styrene (ABS) market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Acrylonitrile Butadiene Styrene (ABS) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Acrylonitrile Butadiene Styrene (ABS) market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type, the Acrylonitrile Butadiene Styrene (ABS) market is segmented into
General Purpose ABS
Specialty ABS
Segment by Application, the Acrylonitrile Butadiene Styrene (ABS) market is segmented into
Automotive
Household Appliances
Consumer Goods
Electronics
Others
Regional and Country-level Analysis
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Competitive Landscape and Acrylonitrile Butadiene Styrene (ABS) Market Share Analysis
Acrylonitrile Butadiene Styrene (ABS) market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2017-2022. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2017-2022. Details included are company description, major business, company total revenue and the sales, revenue generated in Acrylonitrile Butadiene Styrene (ABS) business, the date to enter into the Acrylonitrile Butadiene Styrene (ABS) market, Acrylonitrile Butadiene Styrene (ABS) product introduction, recent developments, etc.
The major vendors covered:
LG Chem
Formosa
CHIMEI
CNPC
Lotte Chemical
INEOS Styrolution
Toray
SABIC
JSR
Dagu Chemical
KKPC
Huajin Chemical
Gaoqiao
Grand Pacific Petrochemical
Trinseo
Kumho Sunny
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