Acrylonitrile Butadiene Styrene Market Size – USD 26.54 billion in 2018, Market Growth - CAGR of 6.5%, ABS Industry Trends – Increase in infrastructure development activities in developing countries
New York, July 22, 2019 (GLOBE NEWSWIRE) -- Increasing demand for consumer goods and home appliances is estimated to stimulate market demand.
The global Acrylonitrile Butadiene Styrene (ABS) market is expected to reach USD 44.19 Billion by 2026, according to a new report by Reports and Data. Acrylonitrile butadiene styrene is a sturdy engineering thermoplastic and amorphous polymer that is used in the production of lightweight, rigid, and molded products which are used in a diverse range of end-use applications.
Increasing use of acrylonitrile butadiene styrene is estimated to simulate market demand in the upcoming years owing to its high luster and easy formability. Acrylonitrile butadiene styrene finds application in TVs, TV/OA housings, monitor housings, VCRs, fax machines, printers, vacuum cleaners, digital cameras, camcorders, computers, CD-ROM bezels, microwave ovens, adapters, sheet for refrigerators, and briefcases, among others. This engineering plastic is also used in the production of kitchen utensils.
The automobile industry is also a significant user of ABS, which are used in automotive dashboards, inner decorating plate, outer body panel, sound insulation board, steering wheel, door locks, ventilation pipe, bumper, and other parts. Rising awareness pertaining to the innate relationship between vehicle mass and fuel economy is boosting the demand for lightweight engineering plastics and hence, in turn, is expected to drive the market demand for ABS
In the construction industry, ABS finds application in the production of plastic tubing and corrugated plastic structures. This engineering plastic can be cut to various size and comes in a wide range of colors and finishes.
ABS, on burning leads to the generation of high smoke, which could cause concerns about air pollution. On decomposition, at high temperatures, the polymer burns into its major three constituents which are considered to be carcinogenic to humans. Even at lower temperatures, ultra-fine particles are produced which have an adverse impact on human health. Further, the availability of substitutes of ABS may also act as a restraint in the growth of the market in the forecast period.
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For the purpose of this report, Reports and Data have segmented the global Acrylonitrile Butadiene Styrene (ABS) market on the basis of raw materials, grade, applications, and region:
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Post time: Jul-25-2019