Press release
INEOS Styrolution, Sabic, PolyOne, The Dow Chemical Company are mentioned in Acrylonitrile Butadiene Styrene Market Analysis Report by 2018-2024 Along with Entec Polymers, LG Chem, Röchling Engineering Plastics, ELIX Polymers SL
U.S. ABS market is set to register more than USD 3 billion revenue by 2024. Growing consumer goods industry owing to emergence of innovative products and changing lifestyles. Increasing automotive sales in the region is expected to fuel the industry growth.
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.
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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.
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.
Partial Chapter From the Report TOC:
Chapter 3. Acrylonitrile Butadiene Styrene Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2012 -2024
3.3. Industry ecosystem analysis
3.3.1. Vendor Matrix
3.3.1.1 Raw material suppliers
3.3.1.2. ABS Manufacturers
3.3.1.3. Distribution channel analysis
3.3.1.3.1 Distributors & dealers
3.3.1.3.2 End-users
3.4. Pricing Trends
3.4.1. North America
3.4.2 Europe
3.4.3 Asia Pacific
3.4.4 Latin America
3.4.5 MEA
3.4.6 Cost structure analysis
3.4.6.1 Labor
3.4.6.2 Overheads
3.4.6.3 Energy & utilities
3.4.6.4 Others
3.5. Raw material trends
3.5.1. Styrene analysis
3.5.2. Acrylonitrile analysis
3.5.3. Butadiene analysis
3.5.4 SAN composition in ABS
3.5.5 Global consumption of SAN resin,2016
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Increasing demand for light weight automobiles to obtain better fuel efficiency
3.6.1.2. Growing demand for ABS from China
3.6.1.3. Growing home appliances market
3.6.2. Industry pitfalls & challenges
3.6.2.1. Competition from other thermoplastics
3.6.2.2. Environmental concerns
3.7. Growth potential analysis
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3.8. Regulatory landscape
3.8.1. U.S.
3.8.1.1. CFR - Code of Federal Regulations Title 21 (Sec. 177.1020 Acrylonitrile/butadiene/styrene co-polymer)
3.8.1.2. Chemical Manufacturing Sector (NAICS 325)
3.8.1.2.1. Air
3.8.1.2.2. Toxic Substances
3.8.1.2.3. Water
3.8.2. Europe
3.8.2.1. EU ABS Regulation (EU) No 511/2014
3.8.3. China
3.8.3.1. Food Contact Plastic Materials and Articles as WTO SPS Notification 1017
3.9. Technology landscape
3.9.1. Process overview
3.9.2. Comparison of different polymerization process
3.9.3. ABS market share by technology, 2016
3.9.3.1 Emulsion polymerization
3.9.3.2 Solution polymerization
3.9.3.3 Suspension polymerization
3.9.3.4. Slurry polymerization
3.9.3.5. Styrene-acrylonitrile (SAN)
3.9.3. A portfolio of styrene, acrylonitrile, butadiene and polystyrene based product for global market
3.10. Porter’s analysis
3.11. Competitive landscape, 2016
3.11.1. Market share analysis, 2016
3.11.2. Strategy dashboard
3.11.2.1 Key players’ strategy overview by 2018
3.12. PESTEL analysis
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.
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.
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