A recent report published by
Infinium Global Research on acrylonitrile-butadiene-styrene (ABS) market
provides an in-depth analysis of segments and sub-segments in the global as well
as the regional acrylonitrile-butadiene-styrene market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional acrylonitrile-butadiene-styrene market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecasts, and
dollar values of the global acrylonitrile-butadiene-styrene market. According
to the report, the global acrylonitrile-butadiene-styrene market is projected
to grow at a CAGR of 7.5% over the forecast period of 2020-2026.
(acrylonitrile-butadiene-styrene) is a low-cost engineering thermoplastic that
is easily machined, fabricated, and thermoformed. It is used as a structural plastic for several applications
in automotive components, computer cabinets, machine components, housing,
and construction. The current concerns over the spread of coronavirus are
expected to have a major impact on the growth of the acrylonitrile-butadiene-styrene
market. COVID-19 outbreak's rapid development worldwide has led to severe
implications for most manufacturers of electronics and electrical products,
automobiles, and construction equipment. The demand as well as the supply side
is affected due to the pandemic which has reduced the sales of
Further, the current pandemic has led
to a sudden pause to manufacturing activities across the world, affecting the
demand for raw materials from production & processing units. Nevertheless, by
the mid-term of 2021, the industry is expected to witness stability due to
strong intervention from several country governments to boost the economy.
During this period, several countries will also see the rise of several medium
and small-scale industries, which in turn, will propel the demand for ABS. The
industry is also likely to recover over the forecast period, given the rising
demand in automobiles, auto components, and consumer goods.
The global acrylonitrile-butadiene-styrene market is expected to
be driven by growing demand from the automobile and consumer appliances industries.
Rapid economic growth and increasing purchasing power of the consumer in emerging
countries such as China, India, and Brazil are expected to drive the demand for
consumer appliances and automobiles sector which in turn propel the demand of
ABS market. ABS offers a good balance of impact, heat, chemical and abrasion
resistance, dimensional stability, tensile strength, and surface hardness. The
favorable properties of ABS, such as fire-retardance, heat-resistance, and
toughness increase its uses in automotive parts, pipes, industrial appliances,
machines, and telephone components. The global rise in the demand for lightweight
and fuel-efficient auto components is on the rise among the middle class and
upper-middle-class families, which in turn is expected to escalate the demand
of acrylonitrile-butadiene-styrene. However, the availability of other
alternatives for ABS may restrain the growth of the global market significantly.
Furthermore, rapid technological advancements and increasing adoption of acrylonitrile-butadiene-styrene over conventional materials in automobile
industry offer lucrative opportunities for the growth of the ABS market in the
Among the regions, Asia Pacific
holds a major share in the global acrylonitrile-butadiene-styrene market.
Factors such as rapid economic development, rising demand from end user
industries such as automobiles, electrical and electronic appliances, consumer
goods, and construction equipment drive the growth of the Asia Pacific
acrylonitrile-butadiene-styrene market. North America is anticipated to hold
the second-largest share owing to rapid industrialization and the growing purchasing
power of consumers in this region. The acrylonitrile-butadiene-styrene market in
this region is anticipated to expand at a significant growth rate during the
forecast period due to the growth of the automotive and electronic industry.
The report on the global
acrylonitrile-butadiene-styrene market covers segments such as application. On
the basis of application, the sub-markets include home appliances, automobiles,
electrical and electronic appliances, consumer goods, and construction equipment.
The report provides profiles of
the companies in the market such as LG Chemicals, Styron, Chi Mei Corporation,
KKPC, Styrolution, Formosa Plastic Company, Asahi Kasei, Sabic, Elix Polymers,
and China Petroleum and Chemical.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the acrylonitrile-butadiene-styrene market. Moreover, the study
highlights current market trends and provides forecast from 2020-2026. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.