Acrylonitrile Butadiene Styrene Market in Europe estimated to be worth US$3.43 bln by 2019

05-Aug-16

The Acrylonitrile Butadiene Styrene Market in Europe is expected to grow from US$2.88 bln in 2014 to US$3.43 bln by 2019, at a CAGR of 3.6%, as per Micro Market Monitor. ABS is a polymer made by polymerizing acrylonitrile and styrene in the presence of butadiene. In general composition, it is half of styrene, and the balance is divided into acrylonitrile and butadiene. By varying the usual composition of ABS, various grades of ABS can be formed with a wide range of features and applications.
Based on applications, the ABS market has been segmented into transportation, electrical & electronics, and consumer goods & appliances, among others. The consumer goods & appliances segment dominated the European market in 2014, and is expected to continue dominating the market in the coming years. The adoption of low weight consumer materials, for end-users substituting the heavy materials, is driving the growth of ABS market in Europe. ABS is widely used in the transportation sector; and due to the growth of the automobile sector in the region, the demand for ABS is also increasing significantly in the region.

Key Players of Europe Acrylonitrile Butadiene Styrene Market include Tabriz Petrochemicals (Iran), Nizhnekamskneftekhim (Russia), Styrolution (Germany), Styron LLC (U.S.), Elix Polymers (Spain).