Global research report called Acrylonitrile Butadiene Styrene (ABS) market was recently published by Reports and Data. to provide guidance for the business. The new research study on Acrylonitrile Butadiene Styrene (ABS) market sheds light on the current scope as well as on the upcoming opportunities in the future. To understand the structure of global trading, the report also gives statistical data on local consumption and global consumption. The report also focuses on global major leading industry players of Acrylonitrile Butadiene Styrene (ABS) market providing information such as company profiles, product picture and specification, price, capacity, cost, production, revenue and contact information.

Increasing use of acrylonitrile butadiene styrene is estimated to simulate market demand in the upcoming years owing to its high luster and easy formability. Acrylonitrile butadiene styrene finds application in TVs, TV/OA housings, monitor housings, VCRs, fax machines, printers, vacuum cleaners, digital cameras, camcorders, computers, CD-ROM bezels, microwave ovens, adapters, sheet for refrigerators, and briefcases, among others. This engineering plastic is also used in the production of kitchen utensils.

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LG Chemicals, Asahi Kasei, Chi Mei Corporation, Formosa Plastics, Kumho Petrochemicals, SABIC, Styron, BASF SE, Du Pont, and Arkema SA, among others.

The automobile industry is also a significant user of ABS, which are used in automotive dashboards, inner decorating plate, outer body panel, sound insulation board, steering wheel, door locks, ventilation pipe, bumper, and other parts. Rising awareness pertaining to the innate relationship between vehicle mass and fuel economy is boosting the demand for lightweight engineering plastics and hence, in turn, is expected to drive the market demand for ABS

In the construction industry, ABS finds application in the production of plastic tubing and corrugated plastic structures. This engineering plastic can be cut to various size and comes in a wide range of colors and finishes.

ABS, on burning leads to the generation of high smoke, which could cause concerns about air pollution. On decomposition, at high temperatures, the polymer burns into its major three constituents which are considered to be carcinogenic to humans. Even at lower temperatures, ultra-fine particles are produced which have an adverse impact on human health. Further, the availability of substitutes of ABS may also act as a restraint in the growth of the market in the forecast period.

Market Overview:

Businesses involved in the discovery, production, and processing of raw resources are classified as part of the basic materials sector. Mining and metal refining, chemical goods, and forestry products are all part of this industry.

The enterprises that supply the majority of the materials needed in building are found in this sector. As a result, the companies and their stocks are sensitive to business cycle shifts. When the economy is robust, they tend to thrive.

The physical acquisition, development, and early processing of the many items often referred to as raw materials are all handled by companies in the basic materials sector. Examples include oil, gold, and stone.

Further key findings from the report suggest

The composition of styrene in the polymer lies in the range of 40% to 60%, and it gives rigidity and process ability to plastics as well as a nice and glossy finish.
The application in consumer goods and home appliances contributed to the largest market share in 2020 and is expected to grow at a rate of 6.7% in the forecast period owing to an increase in the level of the disposable income of the people in the region.
The market in the Asia Pacific region dominated the market in 2020 and is projected to maintain its market dominance throughout the forecast period growing at a rate of 6.6%. This can be attributed to the growth of end-user industries such as the automotive, consumer goods & home appliances, and electronics industry. Favorable government initiatives for infrastructure development in the region, especially in developing countries like China and India, are also expected to drive the market growth.
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For the purpose of this report, Reports and Data have segmented the global Acrylonitrile Butadiene Styrene (ABS) market on the basis of applications, raw materials, grade, and region:

Applications Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028))

Automotive & Transportation
Construction
Electronics
Consumer Goods & Home Appliances
Others
Raw Materials Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028))

Acrylonitrile
Butadiene
Styrene
Process Type Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028))

Injection Molding
Extrusion
Blow Molding
Others
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Regional Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

North America
Europe
Asia Pacific
Latin America
MEA
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