Acrylonitrile Butadiene Styrene Market Size $38bn by 2024: Global Market Insights, Inc.

Acrylonitrile Butadiene Styrene Market size was worth USD 38 billion by 2024; according to a new research report by Global Market Insights, Inc.

Positive outlook towards lightweight & high-performance plastics owing to their flexible features having employability across various applications should drive global acrylonitrile butadiene styrene market size growth. Providing customized designs and finished products with strength equivalent to steel are the key features driving ABS demand.

ABS market buyers include plastic assembling organizations that manufacture plastic components for industries like construction, automotive, electrical & electronics, and appliances. North America demand is mainly driven by electrical & electronics industry growth. In terms of revenue, the segment was worth over USD 700 million in 2015. U.S. acrylonitrile butadiene styrene market size has witnessed significant growth due to rising demand from appliances and electronic & electric goods.

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Product innovation and development in home appliances and consumer electronic goods supported by the presence of major manufacturing companies is anticipated to stimulate the regional growth. U.S. ABS demand for appliance applications was valued at over USD 570 million in 2015.

Electric & electronics industry has witnessed immense growth since past few years; the rise in consumer purchasing power and change in living style are major factors positively influencing this industry’s progress. The application may observe growth of over 3% up to 2024.

Aesthetic appearance properties, design flexibility, and corrosion resistance are key features enhancing acrylonitrile butadiene styrene demand. Major electric & electronics production lines include personal computers, telephones, television, radio, and printers.

Europe backed by the UK and Germany acrylonitrile butadiene styrene...