| Source: Rationalstat LLC
Wilmington, Delaware, UNITED STATES
Wilmington, Delaware, Oct. 20, 2023 (GLOBE NEWSWIRE) — According to RationalStat’s recent industry analysis, the Global Acrylonitrile Butadiene Styrene (ABS) Market value is US$ 23 billion in 2023 and is expected to rise at a strong CAGR of over 4.9% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
Acrylonitrile Butadiene Styrene, often known as ABS, is a thermoplastic polymer created by polymerizing styrene and acrylonitrile in the presence of polybutadiene. It is a versatile engineering plastic that combines the strength and stiffness of acrylonitrile and styrene polymers with the toughness of polybutadiene rubber.
ABS is widely employed in the automobile sector for a variety of interior and exterior components, which contributes to its rapid market expansion. Its lightweight nature also contributes to vehicle weight reduction, which improves fuel efficiency.
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Global Acrylonitrile Butadiene Styrene (ABS) Market: Segmental and Market Share Analysis
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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global acrylonitrile butadiene styrene (ABS) market include,
Some of the prominent players and suppliers operating and contributing significantly to the global acrylonitrile butadiene styrene (ABS) market growth include LG Chem Ltd., Asahi Kasei Corporation, CHIMEI Corporation, Formosa Plastics Corporation, Kumho Petrochemical, Co. Ltd., Saudi Basic Industries Corporation (SABIC), Trinseo, INEOS Styrolution Group GmbH, BASF SE, and DuPont de Nemours Inc., among others.
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RationalStat has segmented the global acrylonitrile butadiene styrene (ABS) market based on type, application and region
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Key Questions Answered in the Acrylonitrile Butadiene Styrene (ABS) Report:
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RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
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