The global Acrylonitrile Butadiene Styrene (ABS) market size is expected to reach USD 39.17 billion by 2028 according to a new study by Polaris Market Research. The report “Acrylonitrile Butadiene Styrene (ABS) Market Share, Size, Trends, Industry Analysis Report, By End-Use Industry (Automotive, Consumer Goods and Appliances, Electrical and Electronics, Construction, Others); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Acrylonitrile Butadiene Styrene (ABS) is increasingly being used in diverse industries due to high tensile and impact strength, stiffness, dimensional stability, and excellent formability. It also offers high chemical resistance, high ductility, and cost-efficiency. Increasing industrialization and urbanization, growing disposable income, and rising demand for consumer goods and home appliances boost the acrylonitrile butadiene styrene industry growth.
ABS is used in diverse industries such as automotive, consumer goods and appliances, electrical and electronics, construction, etc. The consumer goods and appliances segment accounted for the highest share in 2020. However, the automotive segment is expected to grow at a significant rate during the forecast period.
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Asia-Pacific is expected to grow at a significant rate during the forecast period. Rising industrial growth, urbanization, and growth in the automotive sector support industry growth in this region. Increasing demand for miniaturized and high-performing electronics and increasing awareness regarding the adoption of electric vehicles fuels growth in this region.
Industry players collaborate for research and development, strengthening their presence and technological innovation. The greater need to cater to growing customer requirements has encouraged the industry participants to leverage new technologies to develop high-quality products.
Polaris Market Research has segmented the acrylonitrile butadiene styrene (ABS) market report on the basis of end-use and region:
Acrylonitrile Butadiene Styrene (ABS), End-Use Outlook (Revenue, USD Billion, 2016 – 2028)
- Consumer Goods
- Electrical and Electronics
Acrylonitrile Butadiene Styrene (ABS), Regional Outlook (Revenue, USD Billion, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa