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Acrylonitrile Butadiene Styrene Market Trends

Report ID: GMI734
Published Date: Jun 2024
Report Format: PDF

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Acrylonitrile Butadiene Styrene Market Trends

The increasing adoption of 3D printing technology, where ABS is a preferred material due to its excellent mechanical properties and ease of use will favor the market growth. The strong demand for customized toughness in the healthcare, automotive and aerospace industries is driving the product adoption in additive manufacturing. The shift towards miniaturization and smart electronics is boosting the production of lightweight, durable, and high-performance components. The generation of bio-based ABS to address the environmental concerns through the addition of renewable resources is thereby enhancing the sustainability of the products.

For instance, in March 2024, Meltio introduced its latest M600 3D printer at the AMUG conference in Chicago, featuring a Blue Laser deposition head for industrial-scale production in machine shops and 24/7 environments.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Acrylonitrile butadiene styrene (ABS) market size was valued at over USD 30.74 billion in 2023 and is set to record over 5.7% CAGR during 2024-2032 driven by its versatile applications and superior material properties.

The appliances segment of the acrylonitrile butadiene styrene (ABS) market recorded over USD 9.4 billion in 2023 and will generate over USD 15.7 billion by 2032 due to ideal properties for manufacturing durable, aesthetically pleasing, and high-performance household appliances.

Asia Pacific market size was valued at over USD 21.6 billion in 2023 and is expected to exceed USD 36.6 billion by 2032 attributed to the rapid industrialization and urbanization like China, India, and Southeast Asian nation.

LG Chem, Ltd., Ampa Plastics Group (Pty) Ltd., INEOS Styrolution Group GmbH, Dow Chemical, CHIMEI, Toray Industries, Inc., Röchling, Kumho Petrochemical, ELIX Polymers, and SABIC among others.