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Acrylonitrile Butadiene Styrene Market Trend, Segmentation and Forecast to 2022

Increasing demand for lightweight automotive parts is likely to be a major factor driving market growth over the forecast period. Increasing use of the product in consumer goods, appliances, automotive ancillaries, and construction owing to light weight and high strength is also likely to contribute to market growth.

The Global Acrylonitrile Butadiene Styrene (ABS) Market size is projected to reach USD 34.88 billion by 2022, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 7.1% over the forecast period.


One of the major reasons behind increasing demand for lightweight automotive materials is need to reduce CO2 emissions. According to the International Energy Agency (IEA), greenhouse gas emissions are expected to reach 3.1 metric gigatons by 2020. This is likely to propel demand for lightweight parts in the automotive industry, which in turn, is estimated to drive demand for the product over the forecast period.

Growing product demand in the automotive sector in various countries including South Korea, India, Malaysia, and Indonesia is likely to fuel market growth over the forecast period. High sales of commercial cars, passenger cars, and motorcycles are expected to promote industry expansion in the near future.

To Know More About Acrylonitrile Butadiene Styrene Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/acrylonitrile-butadiene-styrene-market

Acrylonitrile butadiene styrene (ABS) is widely used in automotive interior components such as trims, center console, interior grills, headliners, and exterior and interior mirrors. The growing automotive industry is likely to have a positive impact on market growth over the forecast period.

Top Players of Acrylonitrile Butadiene Styrene (ABS) Market:

LG Chemicals, Asahi Kasei, Chi Mei Corporation, Formosa Plastics, KKPC, SABIC, Styron, Styrolution, BASF SE, and DuPont are some of the key players operating in the market through wide distribution networks spread across the globe.

Market Segmentation of Acrylonitrile Butadiene Styrene (ABS) Market:

By Application:

    Appliances
    Automotive
    Consumer Goods
    Construction
    Electrical And Electronics

By Region:

    North America
    Europe
    China
    Rest of Asia Pacific
    Rest of The World

Inquire about Acrylonitrile Butadiene Styrene Market with Our Experts @ https://www.grandviewresearch.com/inquiry/396
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