Acrylonitrile Butadiene Styrene Market Expansion Projected to Gain an Uptick During 2021-2028

Acrylonitrile Butadiene Styrene Market Expansion Projected to Gain an Uptick During 2021-2028

Acrylonitrile butadiene styrene is abbreviated as ABS and has a chemical formula namely (C8H8)x·(C4H6)y·(C3H3N)z ABS is a popular and widely used thermoplastic polymer. The nitrile groups present in the ABS are polar and hence attract each other to bind the aforementioned chains thus making acrylonitrile butadiene styrene relatively stronger as and when compared to pure polystyrene. The styrene present in the acrylonitrile butadiene styrene furnishes shiny and impervious surface finish. The polybutadiene is a substance similar to rubber which ultimately provides toughness to materials even at lower temperatures. Acrylonitrile butadiene styrene can be manufactured by using the process of polymerization which includes mass process, emulsion and suspension. While on the other hand, emulsion and suspension are the most widely preferred techniques.

However, mass process has witnessed a considerable growth due to the feasibility in the polymerization coupled with the aid of handling it. Moreover, mass process of producing acrylonitrile butadiene styrene includes polymerization of styrene and acrylonitrile in the presence of styrene butadiene polybutadiene, rubber and nitrile butadiene rubber when they are in the monomer phase. In addition to this, various other chemicals which include suspending agents, initiators, stabilizers, chain transfer agents and additives are also used in this process. Acrylonitrile butadiene styrene finds major applications in a wide variety of techniques and procedures such as construction, transportation, appliances, electronics and pharmaceuticals among others. On the basis of rapid growth of the construction and automotive industry as well as increasing industrialization across the globe are some of the major factors fueling the demand for acrylonitrile butadiene styrene over the forecast period. Moreover, due to broad number of emerging as well as established market players across the globe, consumers are more inclined towards good quality of yields and are anticipated to gain drastic health benefits on the account of rising competition in the global market.

Rapid growth of the automotive sector along with rising demand for lightweight and tough polymers and plastics in automobiles is one of the key factors fueling the demand for acrylonitrile butadiene styrene across the globe. In addition, the increasing growth of the chemical industry in China has bolstered the demand for engineering plastics which in turn is accelerating the growth of the global market. Also, growing importance of light weight materials in order to achieve efficient and better efficiency of fuel is further anticipated to drive the growth of the global market.

The global acrylonitrile butadiene styrene market can be segmented based on region and end use application. Based on end use application the market is classified into construction, appliances, consumer goods, electrical & electronics, automotive and others. Geographically, the global acrylonitrile butadiene styrene market can be bifurcated into North America, Latin America, Europe, Middle East & Africa and Asia-Pacific. The demand of robust are especially in the Asia Pacific region are predicted to be one of the key driving factors for the overall growth of the global market. Furthermore, China is further projected to account for the highest share in the global market and is anticipated to maintain its lead in the overall demand during the forecast period. This can be attributed to rapid industrialization and rising urbanization during the past few years.

The presence of market is in other developing economies such as Russia, Brazil, Argentina, Indonesia, Poland, Korea, New Zealand and India among others are also predictable to witness a rapid growth throughout the forecast period. Moreover, rising per capita disposable income and surge in the global economy is another key factor which is expected to bring Key players operating in the global market are focused on some of the major market strategies such as mergers, partnerships, collaborations and acquisitions in order to keep hold in the ever competitive global market. Moreover they are concentrating on gaining hold on the local players to strengthen their goodwill as well as to enhance their market reach in the global market.

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Key players involved in the manufacture and supply of acrylonitrile butadiene styrene market include Chi Mei Corporation, LG Chemical, Formosa Plastic Company, Styrolution and Kumho Petrochemical Company among others.

The global acrylonitrile butadiene styrene market can be segmented:

By end use application:
• Construction
• Appliances
• Consumer Goods
• Electrical & Electronics
• Automotive And Others

By Region:
• North America
• Latin America
• Europe
• Middle East & Africa
• Asia-Pacific

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