Press release
4 major trends impelling ABS market for automotive plating on plastics application through 2024
ABS Market for Automotive Plating on Plastics Application
For instance, in December 2020, KTM AG, the largest motorcycle manufacturer in Europe, and conglomerate Ayala Corp., announced plans for doubling the production capacity of their Philippines-based motorcycle production unit over the next three years. The move forms part of the group’s strategy for scaling up its manufacturing initiatives as the economy recovers from the impact of the SARS-CoV-2 pandemic.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/3158
Such advancements are set to boost the demand for automotive plating services over the anticipated span. On this note, the ABS market for automotive plating on plastics application is estimated to surpass USD 2 billion by 2024, cites the latest research by Global Market Insights Inc.
This upsurge is driven by the increasing demand for ABS automotive plating kits due to their robustness and thermal stability. ABS is extensively used across a range of automotive applications. These comprise the manufacturing of automotive components such as wheels, emblems, bumpers, mirror covers, grills, fuel covers, and car door handles.
Few pivotal trends driving ABS market growth for automotive plating on plastics are as follows:
Increasing demand for emblems in Germany
The Germany ABS industry for automotive plating on plastics application from emblems is likely to record 6.5% gains through 2024. This is due to the presence of manufacturing plants of key companies comprising Porsche, Audi, Ford, and Mercedes in the country.
The high standard of living has led to an increase in the purchase of high-end vehicles that have eye catchy and attractive emblems, which define the importance of the company.
Surging ABS deployment for bumpers across Canada
The bumpers segment across the Canada ABS market for automotive plating on plastics application is projected to exceed a valuation of USD 2 million through 2024. This is due to the increasing demand for heavy vehicles owing to an escalation in trade activities between Canada and the U.S.
Bumpers provide high impact strength and are utilized for the protection of vehicles which is poised to augment ABS market size for automotive plating on plastics application size through the analysis period.
Request for customization @ https://www.gminsights.com/roc/3158
Rising ABS requirement for the production of car door handles in China
The car door handles segment in the China ABS industry for automotive plating on plastics is expected to surpass USD 40 million through 2024. Strict regulatory norms associated with the levels of pollution have emphasized car manufacturers to reduce kerb weight.
ABS is a lightweight polymer that can be utilized for diminishing kerb weight by making use of automotive plating services for the construction of car door handles.
ABS industry for automotive plating on plastics application to witness appreciable growth from mirror covers
The ABS market for automotive plating on plastics application from mirror covers is anticipated to witness remarkable gains of 6.5% through 2024. This is due to the increasing awareness amongst people regarding rules of road safety. ABS is used in the manufacturing of mirror covers and can be plated for giving a shiny finish to the final product.
However, healthcare issues, stringent government rules, and plastic contamination have led to a momentous escalation in the deployment of biopolymers. This may hinder market growth to a certain extent.
In a nutshell, the increasing demand for low weight components and automotive plating for plastic parts due to a rise in the usage of electric vehicles will positively influence ABS industry for automotive plating on plastics application share through the forecasted period.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 4 major trends impelling ABS market for automotive plating on plastics application through 2024 here
News-ID: 2288833 • Views: …
More Releases from global market insights
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers.
Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several…
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies.
Meanwhile, yet other company, Boston Metal has declared having raised over USD 20…
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against…
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses.
Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet…
More Releases for ABS
Tactical Abs Toner Reviews 2023: Read This Tactical Abs Toner Review Before Buyi …
Tactical Abs Toner" is an advanced muscle stimulator which developed using EMS technology. It brings military grade precision engineering and technology to fat burning and muscle building.
How Electrical Muscle Simulation (EMS) can help in losing weight
Electrical Muscle Stimulation (EMS) has emerged as a weight loss tool in the last couple of years and many people have selected it as the easiest way to lose their body fat and to enhance…
Tactical X Abs Stimulator Reviews - Does Tactical X Abs Stimulator Work? What Th …
The Tactical X Abs Muscle Stimulator is an innovative fitness device designed to help individuals achieve a well-defined and toned set of abdominal muscles. In today's fast-paced world, where people strive to look and feel their best, this cutting-edge product aims to provide an effective and convenient solution for enhancing abdominal strength and appearance.
Utilizing Electrical Muscle Stimulation (EMS) technology, the Tactical X Abs Muscle Stimulator delivers low-voltage electrical impulses to…
Tactical abs stimulator Review:Does this Abs simulator really works?
Introducing the Tactical Abs Stimulator, a cutting-edge fitness device that is poised to revolutionise abdominal training. Designed with advanced technology and innovative features, this stimulator offers a new and efficient way to develop strong, toned abs. If you've been looking for an effective solution to enhance your abdominal muscles without spending hours at the gym, this device might be just what you need. By harnessing the power of Electrical Muscle…
Tactical Abs Toner Review 2023 (Tactical Abs Toner Must Read!) : Shocking Price …
Everyone wants to look and feel their best in today's hectic environment. Your general fitness and health are improved as well as your appearance when you have a strong, well-defined set of abdominal muscles. Even if they spend a lot of time at the gym and adhere to rigorous diets, many people struggle to get the results they want. The Tactical Abs Toner can help with that. With the help…
Global Extruded ABS Market Size, by Type (Four-channel, four-sensor ABS, Three-c …
Global Extruded ABS Market research report provides complete intelligence about the global Extruded ABS industry, including market growth factors and prominent competitors in the market. The report also enfolds insightful analysis of competition intensity, segments, environment, trade regulations, and product innovations to render deep comprehension of the complete Extruded ABS market structure. Recent developments, technology diffusion, and important events of the market are also examined in this report.
Get Sample Copy…
Europe ABS Plastic Market Report 2017
This report studies sales (consumption) of ABS Plastic in Europe market, especially in Germany, France, UK, Russia, Italy, Spain and Benelux, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering
BASF
GE Plastics
Kumho Chemical
Mitsubishi Chemical
Techno Polymer
Mitsui Chemicals
Sumitomo
Dow Benelux
RenqiuXingda
Market Segment by Countries, this report splits Europe into several key Countries, with sales (consumption), revenue, market share and growth rate of ABS…
