The global Acrylonitrile Butadiene Styrene (ABS) market is expected to reach USD 46.95 Billion by 2028, 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

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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.

Key participants include:

LG Chemicals, Asahi Kasei, Chi Mei Corporation, Formosa Plastics, Kumho Petrochemicals, SABIC, Styron, BASF SE, Du Pont, and Arkema SA, among others.

Further key findings from the report suggest

• The composition of styrene in the polymer lies in the range of 40% to 60%, and it gives rigidity and process ability to plastics as well as a nice and glossy finish.
• The application in consumer goods and home appliances contributed to the largest market share in 2020 and is expected to grow at a rate of 6.7% in the forecast period owing to an increase in the level of the disposable income of the people in the region.
• The market in the Asia Pacific region dominated the market in 2020 and is projected to maintain its market dominance throughout the forecast period growing at a rate of 6.6%. This can be attributed to the growth of end-user industries such as the automotive, consumer goods & home appliances, and electronics industry. Favorable government initiatives for infrastructure development in the region, especially in developing countries like China and India, are also expected to drive the market growth.

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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:

Raw Materials Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028))

• Acrylonitrile
• Butadiene
• Styrene

Process Type Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028))

• Injection Molding
• Extrusion
• Blow Molding
• Others

Applications Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028))

• Automotive & Transportation
• Construction
• Electronics
• Consumer Goods & Home Appliances
• Others

Regional Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

• North America
  • U.S.
• Europe
  • UK
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• MEA

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Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

The post Acrylonitrile Butadiene Styrene (ABS) Market To Reach USD 46.95 Billion By 2028 – Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.

The global Acrylonitrile Butadiene Styrene (ABS) market is expected to reach USD 46.95 Billion by 2028, 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

Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/1560

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.

Key participants include:

LG Chemicals, Asahi Kasei, Chi Mei Corporation, Formosa Plastics, Kumho Petrochemicals, SABIC, Styron, BASF SE, Du Pont, and Arkema SA, among others.

Further key findings from the report suggest

• The composition of styrene in the polymer lies in the range of 40% to 60%, and it gives rigidity and process ability to plastics as well as a nice and glossy finish.
• The application in consumer goods and home appliances contributed to the largest market share in 2020 and is expected to grow at a rate of 6.7% in the forecast period owing to an increase in the level of the disposable income of the people in the region.
• The market in the Asia Pacific region dominated the market in 2020 and is projected to maintain its market dominance throughout the forecast period growing at a rate of 6.6%. This can be attributed to the growth of end-user industries such as the automotive, consumer goods & home appliances, and electronics industry. Favorable government initiatives for infrastructure development in the region, especially in developing countries like China and India, are also expected to drive the market growth.

Request for Custom Research @  https://www.reportsanddata.com/request-customization-form/1560

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:

Raw Materials Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028))

• Acrylonitrile
• Butadiene
• Styrene

Process Type Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028))

• Injection Molding
• Extrusion
• Blow Molding
• Others

Applications Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028))

• Automotive & Transportation
• Construction
• Electronics
• Consumer Goods & Home Appliances
• Others

Regional Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

• North America
  • U.S.
• Europe
  • UK
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• MEA

Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/1560

Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:

Piperylene Market Size, Share & Trends Analysis Report By Type coverage (?40% Purity, 40% -65% Purity, ?65% Purity), By Application (Adhesives, Paints, Rubber and Others), By Region, Competitive Strategies and Segment Forecasts for 2016 – 2026

Caprylic Acid Market Size, Share & Analysis, By Raw Material (Coconut Oil, Palm Oil, Mammal Milk, Others), By Application (Personal Care, Pharmaceutical, Food & Beverages), And By Region, Global Forecast To 2028

Hydrogen Sulfide (H2S) Scavenger Market Size by Types (Regenerative, Non-Regenerative), Chemistry (water-soluble, oil-soluble, metal-based), End-user, Share & Trends Analysis Report By Region, Competitive Strategies and Segment Forecasts for 2016-2026

Methyl Silicone Resin Market By Product Type (Flakes, Powder, And Liquid), By Application (Automotive, Electrical And Electronics, Paints And Coatings, Consumer Goods, And Industrial), And Region – Global Forecast To 2027

Latex Powder Market Information By Type (VAE Type, VAE-Veo Va Type, Others), By Application (Exterior Insulation And Finish Systems (EIFS), Construction And Tile Adhesives, Putty Powder, Dry-Mix Mortars, Self-Leveling Flooring Compounds, Caulks, Others), By Region, Forecast To 2027

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

The post Acrylonitrile Butadiene Styrene (ABS) Market To Reach USD 46.95 Billion By 2028 – Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.