The ABS (Acrylonitrile Butadiene Styrene) resin market size is expected to reach USD 44.75 Billion in 2030 and register a revenue CAGR of 4.6% over the forecast period, according to the latest report by Reports and Data. Rapid increase in population, urbanization, and industrialization is driving ABS market revenue growth.
ABS has low electrical and heat conductivity that is particularly helpful for products demanding electrical insulation protection. It also provides excellent impact resistance and can absorb shock effectively and reliably. Acrylonitrile butadiene styrene uses are several, which is propelling its demand. Since ABS plastic can be easily recycled, it is gaining rapid traction in recent years.
Top Companies Operating in the Global ABS (Acrylonitrile Butadiene Styrene) Resin Market:
LG Chem, Exxon Mobil Corporation, Saudi Basic Industries Corporation, Samsung Polymer Co., Ltd., Mitsubishi Chemical Holdings Corporation, CHIMEI, Chevron Phillips Chemical Company LLC, Formosa Plastics Corporation, Kumho Petrochemical Co., Ltd., Sumitomo Chemical Co., Ltd., and China Petrochemical Corporation.
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The ABS (Acrylonitrile Butadiene Styrene) Resin market investigation report assesses the global market for the ABS (Acrylonitrile Butadiene Styrene) Resin industry and provides revenue and capability forecasts for the projected period of 2030. The factors that drive the industry's growth are highlighted in the report. The report divides the ABS (Acrylonitrile Butadiene Styrene) Resin market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and market size, geographic presence, and development and manufacturing capabilities.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
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The ABS (Acrylonitrile Butadiene Styrene) Resin market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the ABS (Acrylonitrile Butadiene Styrene) Resin market.
The global ABS (Acrylonitrile Butadiene Styrene) Resin market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Source Outlook:
- Acrylonitrile
- Butadiene
- Styrene monomers
Process Type Outlook:
- Injection molding
- Extrusion blow molding
- Injection stretch blow molding
Application Outlook:
- Consumer durable products
- Automotive
- Electrical and electronics
- 3D-printing
- Toys
- Others
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