[URL=https://www.industryarc.com/Report/18473/sub-saharan-africa-acrylonitrile-butadiene-styrene-abs-market-research-report-analysis.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Sub-Saharan Africa acrylonitrile-butadiene-styrene market[/URL] size is forecast to reach US$206.4 million by 2026, after growing at a CAGR of 2.6% during 2021-2026. Acrylonitrile-butadiene-styrene (ABS) is one of the best thermoplastic polymer ideal for probable nanoporous material preparations in energy conversion and storage units due to its high moulding behavior.Key Takeaways
South Africa dominated the Sub-Saharan Africa acrylonitrile-butadiene-styrene market owing to the rising growth of the automotive, electrical and electronics, construction, and other end-use industries in the country.
Increasing demand for acrylonitrile-butadiene-styrene because of its high mechanical strength and light weight in the vacuum construction of pipes and fittings is estimated to drive the market growth.
Additionally, increased demand for electrical and electronics with design flexibility, attractive appearance features, and corrosion resistance would boost the market value of acrylonitrile butadiene styrene in the projected period.
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Sub-Saharan Africa Acrylonitrile-Butadiene-Styrene Market Segment Analysis – By Geography
South Africa dominated the Sub-Saharan Africa acrylonitrile-butadiene-styrene market with a share of 35% in 2020 and is projected to dominate the market during the forecast period (2021-2026). The demand for acrylonitrile-butadiene-styrene in Sub-Saharan Africa region has benefited significantly from the growth of the automotive, construction, consumer appliances, and electrical & electronics sectors. Rising investments in the automotive industry have further uplifted the demand for acrylonitrile-butadiene-styrene. For instance, in February 2021, Ford Motor Company announced a US$1.05 billion (R15.8 billion) investment within the South African manufacturing facilities.
Sub-Saharan Africa Acrylonitrile-Butadiene-Styrene Market Driver
Increasing usage of acrylonitrile-butadiene-styrene in automotive will drive Market Growth
The establishment of new electrical & electronic plants in the Sub-Saharan Africa region is estimated to drive the demand for acrylonitrile-butadiene-styrene
Sub-Saharan Africa Acrylonitrile-Butadiene-Styrene Market Landscape
Major players in the Sub-Saharan Africa acrylonitrile-butadiene-styrene market include Sabic, Ineos Styrolution Group GmbH, Trinseo, Chei Mei Corporation, Ashland Inc, Covestro, Styrolution Group, CCP Composites, Styron, Teijin and others.
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