Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 21.4 Billion | USD 30.4 Billion | 4.5% | 2022 |
FrequentlyAsked Questions
Acrylonitrile, Butadiene, and Styrene are the three main components of ABS, a copolymer that has a medium strength and works well for a medium price. Three different monomers come together to form a terpolymer, which it is. Between standard and engineered resins, it is a common thermoplastic resin that may typically fulfill the property requirements at a fair price.
Rising R&D spending and technological development also contribute to the market's expansion. During the projected period, it is anticipated that factors such as rising construction sector investment, the expansion of public infrastructure, and rising environmental consciousness would present growth prospects.
According to the report, the global acrylonitrile butadiene styrene market size was worth around USD 21.4 billion in 2022 and is predicted to grow to around USD 30.4 billion by 2030.
The global Acrylonitrile Butadiene Styrene (ABS) market is expected to grow at a CAGR of 4.5% during the forecast period.
The global Acrylonitrile Butadiene Styrene (ABS) market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the increasing end-use industry.
The global Acrylonitrile Butadiene Styrene (ABS) market is dominated by players like Trinseo, Ravago Americas, KUMHO PETROCHEMICAL, TORAY INDUSTRIES INC., SABIC, INEOS Styrolution, BASF SE, LG Chem, Trinseo, Formosa Chemicals & Fibre Corp., The 3M Company and Mitsui Chemicals Inc. among others.
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