Press release
ABS Market 2024 kay players BASF, Sabic, LG Chem, INEOS Styrolution, Asahi Kasei, China Petroleum & Chemical Co., Ltd., ELIX Polymers SL
Acrylonitrile Butadiene Styrene (ABS) Market
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Acrylonitrile Butadiene Styrene (ABS) Market will be worth over USD 38 billion by 2024; according to a new research report by Global Market Insights, Inc. Increase in demand for lightweight automobiles to attain better fuel efficiency is the key driver for acrylonitrile butadiene styrene market share. Superior strength along with weight reduction are the characteristics which enhances scope of the product in automotive industry.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Chi Mei Corporation
2. LG Chemicals
3. INEOS Styrolution
4. Kumho Petrochemical Company
5. Formosa Plastic Company
6. Styron
7. Asahi Kasei
8. Sabic
9. China Petroleum & Chemical Corporation
10. Elix Polymers
11. BASF
12. Rochling
13. Toray
14. Ampa Group
15. Dow Chemicals
16. Ravago Manufacturing Americas, LLC
17. Polyone
18. Entec Polymers LLC
19. RTP Engineering Plastics
20. Bayer AG
21. Techno Polymer Co., Ltd.
22. Mitsui chemicals Inc
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Rise in construction spending coupled with increasing government initiatives on infrastructure development will drive the industry growth. Shifting focus towards lightweight, superior strength and fire retardant materials by the construction professionals will surge acrylonitrile butadiene styrene market growth in this segment.
Automotive acrylonitrile butadiene styrene market from automotive is estimated to witness growth at 4% by 2024. Extensive product usage in automotive parts including bumpers, body panels, steering covers and tires has positively influenced the product demand. Acrylonitrile butadiene styrene market from electrical & electronics will observe CAGR over 3.5% up to 2024. Changing lifestyle and increasing consumer purchasing power are the major factors fueling the industry growth. Rising demand for temperature and corrosion resistant materials in computers, computer accessories, business machine and electronic devices will support the product penetration.
Asia Pacific acrylonitrile butadiene styrene market accounted for over 68% of the industry share in 2015. Rising demand for home appliances and consumer goods, owing to shifting demographic and income trends will trigger the demand. Germany acrylonitrile butadiene styrene market from appliances is estimated to surpass USD 225 million by 2024. Increasing product consumption in fax machines, refrigerators door liners, washing machine, air conditioner, vacuum cleaner, and kitchen appliances will stimulate industry growth. Moreover, high-impact resistance, heat and chemical resistance properties will enhance the product scope.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/acrylonitrile-butadiene-styrene-ABS-market
Global acrylonitrile butadiene styrene market share is highly consolidated. The major four industry players account for more than 60 % of the industry share. LG Chemicals and Chi Mei corporation are the dominating companies holding a major share in the global production.
Production capacity expansions, acquisitions and ventures are the major strategies adopted by the industry players. Formosa Plastic Company, Styrolution, Asahi Kasei, Kumho Petrochemical, Sabic and Styron are the other key players of acrylonitrile butadiene styrene market.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
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