Recycled Acrylonitrile Butadiene Styrene Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, By Form (Granule, Others and Pellets), By Color (Black, Blue, Green, Grey, and Others), By Application (Appliances, Automotive, Consumer Goods, Medical Equipment, Construction, and Others), By Company and By Region
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationRecycled Acrylonitrile Butadiene Styrene Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, By Form (Granule, Others and Pellets), By Color (Black, Blue, Green, Grey, and Others), By Application (Appliances, Automotive, Consumer Goods, Medical Equipment, Construction, and Others), By Company and By Region
The global recycled acrylonitrile butadiene styrene market is anticipated to grow at impressive rate through 2027. Acrylonitrile Butadiene Styrene is an engineering opaque thermoplastic also known as ABS. According to Statista, in 2022, it is expected that the global production of ABS worldwide will reach 13.49 million metric tons in 2024. Referring to the data, it can be interpreted that the ABS's output will increase in the upcoming year. These products get useless or replaced after some and sent to scrap for recycled or landfills. ABS is a thermoplastic material which can be recycled twice or more without losing its characteristics. Thus, the statement mentioned above or data states that the demand for acrylonitrile butadiene styrene is expected to increase for recycling in the forecasted year.
Government and social agencies' ongoing initiatives worldwide to reduce the carbon footprint and encourage recycled products to influence market growth. Additionally, increased demand for pipes, electronic and automotive parts, panels, and appliances increased demand of ABS. Thus, the global recycled acrylonitrile butadiene styrene market is expected to rise in market share in the projected year.
Growing Population Demand and Technological Development are Driving the Market Growth.
As the population rises, the demand for home appliances and products is increasing within the market to fulfil their order. ABS is more durable and more substantial compared to PVC due to its bonding properties. That is why ABS are more demanded in the different market sector for making their product. Industries most prefer ABS polymer for manufacturing electronics, housings, auto parts, consumer products, pipe fittings, Lego toys and other things. As the recycled ABS granules have the same characteristics at a lower price. Thus, it is expected that demand for recycled acrylonitrile butadiene styrene products will rise in the projected period.
The change in lifestyle and increase in disposable income of the people directly impact the rise of the automobile sector. Recently the demand for lightweight vehicles has risen to make the automobile more affordable and lighter in weight. According to a Statista report, there is the need for the global automobile sector is expected to grow five per cent from the previous year in 2021. Thus, the growing automobile sector will indirectly influence the growth of recycled acrylonitrile butadiene styrene. Various parts of automobiles, such as exterior panels, dashboards, bumpers, and others, are made from recycled acrylonitrile butadiene styrene to reduce the cost of the product and achieve the desired goal.
Governments are making and implementing various policies such as Plastic Waste Management Amendment Rules (manufacturers need to recycle 50% of their production), National recycling strategy, Plastics Industry Recycling Action Plan" (PIRAP), and other policies that are boosting the market share. Thus, its versatile use for different purposes, technological advancement, favorable government policies, cost-efficient, and the marketer's effort will impact the market's growth. The global medical polymer market is expected to increase in the forecasted year.
Contaminant Product is Hindering the Market Growth.
Increasing Efforts for Technological Development Pushing the Growth
Ongoing research and development operation worldwide is driving it to sustainable development to ensure optimal and responsible use of the resources. Expanding technological advancements make the manufacturer concerned about competitive advantage and market growth. There is an increase in the receiving funding for better development and enhancement of product from the government, and the different source is strengthening the market growth. Additionally, the collaboration and merger of the firms to capture the new segment are influencing the growth.
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Market Segmentation
The Global Recycled Acrylonitrile Butadiene Styrene Market is segmented based on
Market Players
The MBA Polymers United Kingdom Limited (EMR Group), INEOS Styrolution Group GmbH, Eagle Plastics Ltd., Axion Polymers, Dongguan Guoheng Plastic Technology Co., Ltd, LG Chem Ltd, Toray Industries, Inc., Ravago Group, CT Polymers, Trinseo Public Limited Company are the key players operating in the Global Recycled Acrylonitrile Butadiene Styrene Market.
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Attribute |
Details |
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Base
Year |
2021 |
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Historic
Data |
2017 –
2020 |
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Estimated
Year |
2022 |
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Forecast
Period |
2023 – 2027 |
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Quantitative
Units |
Revenue in USD Million, Volume in Units, and CAGR for 2017-2021
and 2022-2027 |
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Report
coverage |
Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends |
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Segments
covered |
·
Form ·
Color ·
Application |
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Regional
scope |
North
America; Asia Pacific; Europe & CIS; South America; Middle East &
Africa |
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Country
scope |
United States; Canada; Mexico; China; India; Japan; Australia;
South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil;
Argentina; Colombia; South Africa; UAE; Saudi Arabia; |
|
Key
companies profiled |
MBA
Polymers United Kingdom Limited (EMR Group), INEOS Styrolution Group GmbH,
Eagle Plastics Ltd., Axion Polymers, Dongguan Guoheng Plastic Technology Co.,
Ltd, LG Chem Ltd, Toray Industries, Inc., Ravago Group, CT Polymers, Trinseo
Public Limited Company |
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Customization
scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing
and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request) |
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