Global Acrylonitrile Butadiene Styrene Market Analysis: Plant Capacity, Location, Technology, Production, Operating Efficiency, Demand & Supply, End Use, Sales Channel, Regional Demand, Company Share, Manufacturing Process , Industry Market Size, Foreign Trade, 2015-2035

The Demand for Global Acrylonitrile Butadiene Styrene is Projected to Grow at a Healthy CAGR of 6.98% Through 2030.

Global Acrylonitrile Butadiene Styrene demand stood at around 8.00 Million Tonnes in 2022 and is forecast to reach 15.70 Million Tonnes by 2035, growing at a healthy CAGR of 5.32% until 2035 owing to the proliferation of new technologies, rise in demand for automobiles, use of electronic equipment in automobiles, and the construction sector. Acrylonitrile butadiene styrene is majorly used in the electronic and automobile sector. Gradually increasing demand for automobiles and the use of electronic equipment accounts for the rise of the global acrylonitrile butadiene market. Also, the growing construction activities all over the world contribute to the steady demand for acrylonitrile butadiene styrene across the world.

In 2020, COVID-19 outbreak has been declared as a pandemic by World Health Organization, which has affected several countries and businesses adversely. Leading authorities around the globe imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Temporary shut down of manufacturing units and disruption in the supply chain led to acrylonitrile butadiene styrene market decline. Besides, the adverse effects on the economy led to the sudden fall in demand for electronics, automobiles, and construction activities, which led to the further deterioration of the acrylonitrile butadiene styrene market.

Based on regional analysis, APAC dominated the global acrylonitrile butadiene styrene market. The dominance of Asia-Pacific in the global acrylonitrile butadiene styrene market can be attributed to growing awareness about the benefits of acrylonitrile butadiene styrene in developing economies, like China and Taiwan, which accounts for the majority consumption of total acrylonitrile butadiene styrene worldwide.

Years considered for this report:

• Historical Period: 2015-2022
• Base Year: 2022
• Estimated Year: 2023
• Forecast Period: 2024-2035

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Objective of the Study:

• To assess the demand-supply scenario of acrylonitrile butadiene styrene which covers production, demand, and supply of acrylonitrile butadiene styrene market globally.
• To analyze and forecast the market size of acrylonitrile butadiene styrene.
• To classify and forecast the global acrylonitrile butadiene styrene market based on technology, end-use, and regional distribution.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global acrylonitrile butadiene styrene market.
• To identify the leading players involved in the manufacturing of acrylonitrile butadiene styrene.

Some of the major key players operating in the global Acrylonitrile butadiene market are LG Chem, Lotte Chemical, Toray Industries, Formosa Chemicals , CHIMEI Corporation, INEOS Styroution, Bhansali Engineering Polymers Limited, Trinseo, etc.

The pricing of Acrylonitrile Butadiene Styrene is largely dependent on the fluctuations in Acrylonitrile, Butadiene, Styrene.

To extract data for the global Acrylonitrile Butadiene Styrene market, primary research surveys were conducted with Acrylonitrile butadiene styrene manufacturers, suppliers, distributors, wholesalers, and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, the publisher was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, the report analyzes various end user segments and projected a positive outlook for the global Acrylonitrile butadiene styrene market over the coming years.

The publisher calculated Acrylonitrile butadiene styrene demand globally by analyzing the historical data and demand forecast which was carried out considering styrene prices, monomers used for the production of Acrylonitrile Butadiene Styrene. The publisher sourced these values from industry experts and company representatives and externally validated them by analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by the publisher.

Key Target Audience:

• Acrylonitrile Butadiene Styrene manufacturers and other stakeholders
• Organizations, forums, and alliances related to Acrylonitrile Butadiene Styrene distribution
• Government bodies such as regulating authorities and policy makers.

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as acrylonitrile butadiene styrene manufacturers, customers, and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, the global acrylonitrile butadiene styrene market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Market, by Technology: Propane amoxidation Technology, Emulsion Polymerization Technology, Extrusion process technology and others
• Market, by End Use:- Electrical and Electronics, Automotive, Household & Construction and others
• Market, By Distribution Channel: Direct Sales, Indirect Sales
• Market, by Region North America, APAC, Europe, MEA, South America

Available Customisations

With the given market data, the publisher offers customizations according to a company’s specific needs.