Press release
Acrylonitrile Butadiene Styrene (ABS) Market to exhibit significant growth prospects over 2015-2022.
Global Market Insights has a new study based report titled " Acrylonitrile Butadiene Styrene (ABS) Market Size By Application (Electrical and Electronics, Appliances, Automotive, Construction, Consumer Goods), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, China, India, Japan, Taiwan, South Korea, Indonesia, Thailand, Brazil, Argentina, Mexico, South Africa, UAE, Saudi Arabia, Egypt), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024".
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This acquisition deal will help the firm focus on raising the production of specialty styrenics products across the globe as per the consumer requirements and thus enhance its global presence. Business players make strategic collaborations or partnerships for developing high quality products with the help of technical knowhow, positively impacting the market trends. According to Global Market Insights, Inc., “Acrylonitrile Butadiene Styrene (ABS) industry value, which was estimated at USD 22.3 billion in 2015, is forecast to hit USD 38 billion by 2024.”
The report offers all-inclusive analysis of:
1 Market structure
2 Factors restraining market growth
3 Market growth drivers
4 Opportunities and challenges
5 Market estimations and forecast for projected period
Favorable product features such as high durability, lightweight, heat resistance, design flexibility, and corrosion & chemical resistance will create a profitable roadmap for Acrylonitrile Butadiene Styrene (ABS) market. High product preference can be attributed to its fabrication ease and cost-effective nature as compared to other products. Low steel utilization across the manufacturing business, subject to the rising need for improving the visual appearance as well as aesthetic value of the manufactured items will benefit Acrylonitrile Butadiene Styrene (ABS) industry.
Considering the topographical trends, U.S. ABS market is anticipated to surpass a targeted revenue margin of USD 3 billion by 2024, owing to escalated product popularity across automotive and consumer goods sectors. Asia Pacific industry, which accounted for more than 68% of the global ABS industry share in 2015, is projected to observe a huge surge over the next few years. High product demand for household appliances and construction sectors will boost the profit. The construction sector in APAC, worth USD 1550 billion in 2015, is slated to grow at a rate of 5% over 2016-2024. India and China are likely to be major regional revenue contributors.
The Acrylonitrile Butadiene Styrene (ABS) Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Acrylonitrile Butadiene Styrene (ABS) Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
Browse Acrylonitrile Butadiene Styrene (ABS) Market report summary@
https://www.gminsights.com/industry-analysis/acrylonitrile-butadiene-styrene-ABS-market
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Acrylonitrile Butadiene Styrene (ABS) Market Product Insights
5. Acrylonitrile Butadiene Styrene (ABS) Market Application Insights
The global household appliances segment is expected to reach over USD 11.9 billion by 2020. This segment includes microwave ovens, dryers, and washing machines. Growing urbanization and increasing consumer spending on appliances are among the major factors for up surging the market demand. The property to retain its structure at higher and lower temperature has positively influenced ABS market penetration in cleaning and cooking appliances.
Better electrical insulation is a notable property for increasing electrical and electronic applications of acrylonitrile butadiene styrene. It also provides high hardness and glossy surface and is used widely in various electrical appliances consisting television, printing, housing, and computers.
6. Acrylonitrile Butadiene Styrene (ABS) Market Regional Insights
The U.S. acrylonitrile butadiene styrene market will generate over USD 3.1 billion by 2024 owing to the growing demand from the automobile industry coupled with electronic goods. The high demand from industries, such as chemical, polymer, and manufacturing, will result in growth in the industry.
APAC, dominated by China and India market, generated over USD 6,600 kilo tons in 2015. Asia Pacific is the major contributor of the industry accounting for more than 70% of the global acrylonitrile butadiene styrene market share in 2015
Europe acrylonitrile butadiene styrene market, led by Germany, France, UK, and Russia foreseen to witness gains at over 6.0% up to 2024. Europe is the major hub for the automobile industry with innovations and increased performance.
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7. Competitor Profiles
Global ABS market share is highly consolidated, with top four participants sharing more than 60% of the overall business space in 2015. Chi Mei Corporation, Formosa Plastic Corporation, INEOS Styrolution, SABIC, LG Chemicals Limited, Kumho Petrochemical Company Limited, Asahi Kasei Corporation, Sinopec Limited, Styron, Elix Polymers, Entec Polymers LLC, Mitsui Chemicals, and Ravago Manufacturing Americas are few of the key players of ABS industry.
About Global Market Insights, Inc.:
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.
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
Web: www.gminsights.com/
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