The global Acrylonitrile Butadiene Styrene Market size is expected to value at USD 34.88 billion by 2022. The market is subject to witness a substantial growth due to the increasing need in automotive sector for light weight automobile parts and construction sector.
Rising adoption of the acrylonitrile butadiene styrene in industry goods, various equipment, automobile ancillaries, and construction instruments to achieve lightweight and high tensile strength, is significantly contributing to market growth over the forecast period.
Ever increasing greenhouse gas emission as per the International Energy Agency (IEA) is a key driving factor for growth of the acrylonitrile butadiene styrene market. Furthermore, numerous advantages associated with the adoption of the lightweight parts in the automotive industry, is propelling expansion of the market in recent years.
Production for large equipment for the storage of the waste materials with the use of the acrylonitrile butadiene styrene (ABS) provides better corrosion resistance and more durability in comparison with the conventional products such as PVC.
According to the new market research report by IndustryARC titled “Acrylonitrile Butadiene Styrene Resin Market(2018-2023) ”, the market is driven by the growing automotive industry and household packaging.
US dominates the American Share due to high scale of production and construction activities, followed by Canada.
It is expected to reach a revenue of $8,413 million by 2023 at a CAGR of 4.3%.ABS polymer has heat resistance, high impact strength, and chemical resistance which makes it suitable for the electrical and electronic components.
With advancements in the smartphone industry, the market is expected to experience an upsurge during the forecast period.
To access full Report click on below link:https://industryarc.com/Report/248/ABS-Resin-Market-analysis-report.htmlExcerpts on Market Growth Factors • ABN resins provide cost effective processing and increased end user performance for applications in many segments such as automotive, information technology equipment, building and construction, small and large appliances, medical and office furniture.
This gives them the flexibility to produce colored parts for products such as mobile phones, vacuum cleaners, and electrical switches.
