Our latest research report entitled Acrylonitrile-Butadiene-Styrene (ABS) Market (by applications(home appliances, automobiles, electrical and electronic appliances, consumer goods and construction equipment)) provides complete and deep insights into the market dynamics and growth of Acrylonitrile-Butadiene-Styrene (ABS). The latest information on market risks, industry chain structure Acrylonitrile-Butadiene-Styrene (ABS) cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Acrylonitrile-Butadiene-Styrene (ABS) growth factors.
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Global Acrylonitrile-Butadiene-Styrene Market is Anticipated to Be Driven By Growing Demand From Automobile and Consumer Goods (Appliances) Industries
The global acrylonitrile-butadiene-styrene market is anticipated to be driven by growing demand from automobile and consumer goods (appliances) industries. Rapid economic growth and increasing purchasing power parity in emerging markets such as China, India, and Brazil are expected to drive the demand for consumer appliances and automobiles over the period of 2017 to 2023. This, in turn, is likely to boost the market for the acrylonitrile-butadiene-styrene market over the period of 2017 to 2023.
Moreover, the rising concerns about the impact of acrylonitrile-butadiene-styrene on the environment and the availability of other thermoplastics as alternatives are restraining the growth of this global market significantly. Globally, the demand for lightweight and fuel-efficient automobiles is on the rise among the middle class and upper-middle-class families.
Acrylonitrile-butadiene-styrene has been increasingly preferred over conventional materials such as metal, wood, and nylon in the automobiles, owing to which the global market for acrylonitrile-butadiene-styrene has grown at an annual rate of 6.5% to 7% over the period of 2013 to 2016. This trend is expected to continue in the years to come and the suppliers of acrylonitrile-butadiene-styrene are likely to cash in more opportunities.
The global acrylonitrile-butadiene-styrene market is segmented on the basis of applications such as home appliances, automobiles, electrical and electronic appliances, consumer goods and construction equipment.
The global acrylonitrile-butadiene-styrene market covers the analysis of geographies such as North America, Europe, Asia-Pacific, and RoW. In this section, the key trends and market size for each geography are provided over the period of 2017 – 2023.
Asia-Pacific Leads the Global Market
Among the geographies, Asia-Pacific leads the global market with market share over 65%, with China alone accounting for 58% of the market share in 2016. Moreover, the Asia-Pacific region is expected to grow at the highest CAGR followed by the RoW region. North America is expected to grow at modest CAGR over the forecast period, owing to steady demand from the U.S. and Canada.
The companies covered in the report include LG Chemicals, Styron, Chi Mei Corporation, KKPC, Styrolution, Formosa Plastic Company, Asahi Kasei, Sabic, Elix Polymers, China Petroleum and Chemical, Entec Polymers and Polyone.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Acrylonitrile-Butadiene-Styrene (ABS).
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2023.
- Comprehensive analysis of the companies operating in this market.
- The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.