Global Acrylonitrile Butadiene Styrene Market By Source (Acrylonitrile, Butadiene and Styrene Monomers), Process (Extrusion and Injection Molding), Additives (Glass, Polyvinylchloride (PVC) and Others), Product Type (Opaque, Transparent and Coloured), Application (Construction, Automotive, Marine, Furniture, Plumbing and Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
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Market Analysis: Global Acrylonitrile Butadiene Styrene Market
Global acrylonitrile butadiene styrene market is expected to rise to an estimated value of USD 46.4 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. The high growth of this market is due to growing construction activities
Market Definition: Global Acrylonitrile Butadiene Styrene Market
Acrylonitrile Butadiene Styrene (ABS) is a type of thermoplastic-based polymer which is produced in the form of amorphous powder. The product includes features such as toughness, hardness and better stability and usually used in the injection molding applications. It is produced with the help of polymerization of acrylonitrile and styrene in the presence of polybutadiene. It provides huge impact on heat resistance and durability. ABS is highly used in some of the prominent industries which include automotive, building & construction, sports, consumer goods, and electronics.
Market Drivers:
Growing demand of automotive industry around the world drives the market growth
Increasing living standard of people in emerging economies which makes them to invest more in the construction and decorative homes appliances is another factor for the growth of this market
Increasing awareness between the relation of mass and fuel economy is another driver for the market growth
Growing demand for electric vehicles and continuous advancements in technology is a major driver for the market growth


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