Market World Acrylonitrile Butadiene Styrene Market

Acrylonitrile Butadiene Styrene Market Shares, Growth Approach
and Industry Overview Forecast Till 2022
“The market is subject to witness a substantial growth due to the increasing
need in automotive sector for light weight automobile parts and construction
sector.”
The Global Acrylonitrile Butadiene Styrene Market size is expected to value at USD 34.88 billion by 2022. The
market is subject to witness a substantial growth due to the increasing need in automotive sector for light weight
automobile parts and construction sector. Rising adoption of the acrylonitrile butadiene styrene in industry
goods, various equipment, automobile ancillaries, and construction instruments to achieve lightweight and high
tensile strength, is significantly contributing to market growth over the forecast period.
Growing importance to light-weight automobile parts to limit carbon dioxide emission rate. Ever increasing
greenhouse gas emission as per the International Energy Agency (IEA) is a key driving factor for growth of the
acrylonitrile butadiene styrene market. Furthermore, numerous advantages associated with the adoption of the
lightweight parts in the automotive industry, is propelling expansion of the market in recent years. Globally, the
market is predicted to grow at CAGR of 7.1% in forecast period, providing numerous opportunity for market
players to invest for research and development in the acrylonitrile butadiene styrene market.
Substantial growth of the automotive sector in the various region across the globe is likely to spur market
demand of the acrylonitrile butadiene styrene. Rising purchases of commercial vehicle, public transport
systems, and motorbikes are some of the key areas to promote adoption of the acrylonitrile butadiene styrene
in coming years.
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