Acrylonitrile Butadiene Styrene Market: Analysis and Forecast 2022-2027
Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices by an Acrylonitrile Butadiene Styrene Market
The acrylonitrile butadiene styrene was valued to be worth USD 16.50 billion in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 6.0 percent, achieving a value of around USD 23.41 billion by 2027.
The acrylonitrile butadiene styrene (ABS) report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. ABS is gaining traction in the automotive business, because of its multiple benefits in transportation, construction, electronics, and other fields. The Asia Pacific is the biggest category spender by region which is impelling the demand for the acrylonitrile butadiene styrene Market.
Acrylonitrile Butadiene Styrene (ABS): Market Definition and Segmentation
Scope
ABS (acrylonitrile butadiene styrene) is a well-known thermoplastic polymer composed of styrene, acrylonitrile, and polybutadiene. It is extensively used in 3-D printing, a relatively new method of producing three-dimensional objects utilising physical printers from digital blueprints and models.
Because of its properties, such as being easily recyclable and having a wide temperature operating range, it is frequently employed in environmentally friendly corrosion prevention applications.
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The acrylonitrile butadiene Market comprises segments:
- By application – Automotive, appliances, electronics and electrical, building & construction, alloy, and others.
- By geography – North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
Snapshot of the Report
The regional markets for the industry can be divided into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
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Category Drivers
The increasing penetration of ABS applications in the construction industry would boost the growth of the acrylonitrile butadiene styrene market. Rising construction investment, particularly in emerging economies, is one of the most prominent factors influencing industrial expansion as disposable income rises.
The product’s design flexibility, chemical resistance, and superior mechanical capabilities will allow it to be used in a variety of industries. Seatbacks, window masks, and ceiling panels are all made from ABS sheets in the railway sector. Furthermore, countries like China and India are investing in high-tech high-speed railcars, which are fueling the demand for ABS sheets for ceiling applications.
ABS plastic is also commonly utilised in aircraft panels and baggage compartments. It lends itself well to vacuum shaping, allowing it to be moulded into a variety of shapes. It’s great for interior aeroplane parts because of its high strength and low density. They’re also found in aeroplane doors and fuselages.
Category Insight by Region
The Asia Pacific region dominated the global market, with China and India accounting for most buyers. The Asia Pacific region accounts for a significant percentage of the global ABS market due to rising demand for ABS in the construction and automotive industries. The market in Europe and North America is expected to grow rapidly because of the rising demand for the compound in burgeoning automotive industries in developed countries.
The growing popularity of ABS in the automobile sector is propelling the industry forward. Because it is a better alternative to metals, it is the preferred engineering plastic and is frequently used in the manufacture of car parts. The fundamental goal of these widely used high-performance plastic materials in automobiles is to detect how well they work, how economical they are, and how little gasoline they consume.
The materials enable more design flexibility as well as a safe geometrical and cost-effective part manufacturing solution. They’re also heat and flame resistant, as well as electrically insulated. Additionally, increased public awareness of fuel efficiency and government regulatory frameworks are two important drivers driving the market growth.
Best Procurement Practices
The global Acrylonitrile Butadiene Styrene Market by Procurement Resource gives an in-depth analysis of the best buying practices followed by the major customers of acrylonitrile butadiene styrene products across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Category Management Studies
The three chemicals that makeup ABS are acrylonitrile, butadiene, and styrene. Butadiene is a petroleum hydrocarbon obtained from steam cracking’s C4 fraction, while styrene monomer is produced by dehydrogenation of ethylbenzene, a hydrocarbon formed when ethylene and benzene combine.
To make acrylonitrile butadiene styrene, styrene and acrylonitrile are commonly polymerized in the presence of polybutadiene. A large polybutadiene chain crisscrosses with shorter polystyrene-co-acrylonitrile chains, generating strong linkages.
ABS might also be made using a proprietary method called continuous mass polymerisation. It’s one of the most used materials in the industrial industry, and it comes in a variety of shapes and sizes. It can be made into injection moulding pellets, filament for additive manufacturing, or extruded for CNC machining.
Key Supplier Profiles included in the acrylonitrile butadiene styrene Industry Report
The key market players are BASF, 3M, Covestro AG, and INEOS.
The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments of the suppliernutms.
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