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Acrylonitrile Butadiene Styrene (ABS) Market Future Challenges and Industry Growth Outlook by 2019-2024

Author : Rahul Varpe | Published Date : 2019-07-12 

The research report on Global Acrylonitrile Butadiene Styrene (ABS) Market provides the up-to-date market trends, the present market scenario, and the market forecast during 2019-2024. The complete analysis of market on the global scale provides key details in form of graphs, statistics and tables which will help the market players in making key business decisions.

Automotive Acrylonitrile Butadiene Styrene (ABS) Market is estimated to witness gains over 4% up to 2024. Increased product usage in locomotive parts including steering covers, body panels, tires and bumpers has positively influenced the industry growth.

Electrical & electronics industry will witness CAGR over 3.5% up to 2024. Increasing customer purchasing power and changing lifestyles are the key factors fueling business growth. Growing demand for corrosion and temperature resistant materials in computer accessories, electronic devices, and business machine will support the product penetration.

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Increasing overall construction expenditure coupled with rising government spending on infrastructure development will fuel the acrylonitrile butadiene styrene market. Moreover, expansion in the global automotive industry is the key factor enhancing the product penetration.

Stringent government regulations regarding reduction in automobile weight and carbon emissions are the key factors enhancing the acrylonitrile butadiene styrene market growth. Increasing ABS imports particularly in China due to its growing demand from electrical & electronics products, industrial, and household appliances will propel the industry growth.

Technological advancement and product innovation in the manufacturing industries has enhanced the product development. Trade growth in terms of industrial output, capital investment, imports and exports owing to rise in customer consumption will open new opportunities for the industry growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  • Chi Mei Corporation
  • LG Chemicals
  • INEOS Styrolution
  • Kumho Petrochemical Company
  • Formosa Plastic Company
  • Styron
  • Asahi Kasei
  • Sabic
  • China Petroleum & Chemical Corporation
  • Elix Polymers
  • BASF
  • Rochling
  • Toray
  • Ampa Group
  • Dow Chemicals
  • Ravago Manufacturing Americas, LLC
  • Polyone
  • Entec Polymers LLC
  • RTP Engineering Plastics
  • Bayer AG
  • Techno Polymer Co., Ltd.
  • Mitsui chemicals Inc

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The U.S. acrylonitrile butadiene styrene market was worth exceeding USD 3 billion by 2024. Growth in consumer goods industry due to development of innovative products and changing lifestyles will propel the product demand. Increasing automotive sales in this region is will fuel the acrylonitrile butadiene styrene market.

Europe acrylonitrile butadiene styrene market, dominated by Germany, France, UK and Russia is the major hub for automobile industry with availability of advanced innovations and improved performance of automobiles. High product usage in car interior as well as exterior is likely to be beneficial for the acrylonitrile butadiene styrene market growth.

Asia Pacific accounted for around 68% of the overall industry share in 2016 owing to increase in disposable income and middle-class population. Presence of major manufacturing companies and growth in automotive industry are the main factors driving the industry demand.

Global acrylonitrile butadiene styrene market share is consolidated with the presence of few international manufacturers. Some of the key players are Chi Mei corporation, LG Chemicals, Formosa Plastic Company, Kumho Petrochemical, Dow Chemical Company, SABIC, Asahi Kasei and Styron.

Read more - https://www.openpr.com/news/1763887/Comprehensive-Analysis-on-Acrylonitrile-Butadiene-Styrene-Market-Key-Players-are-Mitsui-Chemicals-Group-Sabic-BASF-LG-Chem-INEOS-Styrolution-Polyone-Toray-Industries-Inc.html

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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