Acrylonitrile Butadiene Rubber Market Size, Share Analysis and Growth Forecast 2028

The increase in the application of synthetic rubbers and polymers in several end-use industries are expected to drive the market.

Acrylonitrile Butadiene Rubber Market Size – USD 18.67 Billion in 2020, Growth - CAGR of 3.3%, Trends – High demand from APAC.

The global Acrylonitrile Butadiene Rubber Market is forecast to reach USD 24.26 billion by 2028, according to a new report by Reports and Data. Global Acrylonitrile Butadiene Rubber market is expected to grow due to the ever-growing automotive industry. It is a colorless organic compound with an aromatic gasoline-like odor.

Acrylonitrile Butadiene Rubber is produced as a byproduct of ethylene steam cracking of naptha feedstock. It is also used as a chemical intermediate and as a monomer for the manufacture of plastics and rubber and is applicable in several consumer and industrial products, such as construction, automobile, electronics, packaging, protective clothing, and appliance parts.

Reports and Data's Global Acrylonitrile Butadiene Rubber Market research report is an in-depth investigation that provides an industry-wide overview of existing and emerging growth patterns, end-user analysis, and other key data that has been tested and validated by industry experts and professionals. The report examines the market in terms of importance, share, size, demand and supply, patterns, competitive landscape, industrial chain analysis, and other important factors. The report also provides a detailed outlook for the industry's driving and restraining forces, as well as micro and macroeconomic factors that are expected to influence its development.

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Key Companies: BASF SE, Reliance Industries Limited, Braskem, ExxonMobil Chemical Company, Royal Dutch Shell Plc., TPC Group Inc., Sinopec, LyondellBasell Industries N.V., Jiutai Energy Inner Mongolia Co. Ltd., and Lanxess among others.

The Acrylonitrile Butadiene Rubber market investigation report assesses the global market for the Acrylonitrile Butadiene Rubber industry and provides revenue and capability forecasts for the projected period. The factors that drive the industry's growth are highlighted in the report. The report divides the Acrylonitrile Butadiene Rubber market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and market size, geographic presence, and development and manufacturing capabilities.

Further key findings from the report suggest:

Acrylonitrile Butadiene Rubber styrene (ABS) is a sturdy engineering thermoplastic and amorphous polymer that is used in the production of lightweight, rigid, and molded products which are used in a diverse set of end-use applications.
ABS is usually used to manufacture protective housing for power tools and plastic face guards for a wall socket. It is also commonly used in the automotive industry for manufacturing of items including plastic alloys and decorative interior car parts. In the construction industry, this polymer finds application in the production of plastic tubing and corrugated plastic structures.
In developed regions such as Japan, the United States, and Western Europe, Acrylonitrile Butadiene Rubber is produced as a byproduct of the steam cracking process used to manufacture ethylene and other alkenes. The amount of Acrylonitrile Butadiene Rubber produced in C4 hydrocarbon extraction process depends on the hydrocarbons used as feed. Ethane, a light feed, give ethylene when cracked, but heavier feeds produced heavier Acrylonitrile Butadiene Rubber.
Asia Pacific has the highest growth rate during the study, and it is expected that it would dominate the growth-share. Credit for this goes to the rapid development of the economies. China has invested heavily in research and development and in the expansion of production capacity. Growing automotive industry in Indonesia and Thailand, along with increasing construction activities mainly in India, China, and Indonesia, is anticipated to create growth opportunities in the region.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

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Market Segmentation:

The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The global Acrylonitrile Butadiene Rubber market is segmented into:

Production Process Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)

C4 hydrocarbon extraction
n-butane dehydrogenation
From ethanol
From butenes

Product Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)

Styrene-Acrylonitrile Butadiene Rubber
Styrene Acrylonitrile Butadiene Rubber Latex
Acrylonitrile Butadiene Rubber
Nitrile Acrylonitrile Butadiene Rubber
Hexamethylenediamine

End-User Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)

Building and Construction
Healthcare
Automobile Industries
Consumer Products Industries

Regional Outlook:

North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

What are the dominating factors that are influencing the growth of the industry?
In the forecast period, which market segment is expected to rise the most?
What are the risks and challenges that the industry is facing?
In the coming years, which area is projected to dominate the market?
Who are the major players in the market? What kind of strategic business plans have they made?

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