Home > Chemicals & Materials > Polymers > Industrial Polymers > Acrylonitrile Butadiene Styrene (ABS) Market
Acrylonitrile Butadiene Styrene Market size valued at USD 10 billion in 2022 and is set to grow at over 4.5% CAGR from 2023 to 2032, owing to the booming home appliance industry.
Significant demand for lightweight automobiles to attain improved fuel efficiency is escalating the need for ABS in the automotive sector. The acrylonitrile butadiene styrene industry is highly influenced by the increased preference of OEMs and aftermarket players for high strength and thin material compared to the traditional metals in automotive parts due to reduced carbon emissions and design freedom.
Furthermore, an upsurge in home appliance demand is fostering product adoption. The growth of appliance assembly plants, especially in the APAC region, is primarily accelerating product penetration in the home appliances sphere. The rising uptake of insulating materials such as silicone elastomers that provide high levels of corrosion resistance, toughness, durability, and resilience are benefitting acrylonitrile butadiene styrene market outlook.
Report Attribute | Details |
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Base Year: | 2022 |
Acrylonitrile Butadiene Styrene Market Size in 2022: | USD 10 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 4.5% |
2032 Value Projection: | USD 16 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 250 |
Tables, Charts & Figures: | 268 |
Segments covered: | Application and Region |
Growth Drivers: | |
Pitfalls & Challenges: |