Acrylonitrile Butadiene Styrene Market size $38bn by 2024

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Acrylonitrile Butadiene Styrene Market Size,
Share Forecast, 2016 2024
Acrylonitrile Butadiene Styrene Market size 38bn
by 2024
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Global Market Scenario of Acrylonitrile Butadiene
Styrene (ABS) Industry

• Acrylonitrile Butadiene Styrene Market size was
  worth USD 38 billion by 2024 according to a new
  research report by Global Market Insights, Inc.
• Positive outlook towards lightweight
  high-performance plastics owing to their flexible
  features having employability across various
  applications should drive global acrylonitrile
  butadiene styrene market size growth. Providing
  customized designs and finished products with
  strength equivalent to steel are the key features
  driving ABS demand.
• ABS market buyers include plastic assembling
  organizations that manufacture plastic components
  for industries like construction, automotive,
  electrical electronics, and appliances. North
  America demand is mainly driven by electrical
  electronics industry growth.
• In terms of revenue, the segment was worth over
  USD 700 million in 2015. U.S. acrylonitrile
  butadiene styrene market size has witnessed
  significant growth due to rising demand from
  appliances and electronic electric goods.

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Continue.....

• Product innovation and development in home
  appliances and consumer electronic goods
  supported by the presence of major manufacturing
  companies is anticipated to stimulate the
  regional growth. U.S. ABS demand for appliance
  applications was valued at over USD 570 million
  in 2015.
• Electric electronics industry has witnessed
  immense growth since past few years the rise in
  consumer purchasing power and change in living
  style are major factors positively influencing
  this industrys progress. The application may
  observe growth of over 3 up to 2024.
• Aesthetic appearance properties, design
  flexibility, and corrosion resistance are key
  features enhancing acrylonitrile butadiene
  styrene demand. Major electric electronics
  production lines include personal computers,
  telephones, television, radio, and printers.
• Europe backed by the UK and Germany acrylonitrile
  butadiene styrene market size may observe notable
  growth. The region expects highest progress in
  the automotive sector with over 4 growth up to
  2024.
• Get more details _at_
  http//bit.ly/2cVmmBu

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U.S. Acrylonitrile Butadiene Styrene Market size,
by application, 2013-2024 (USD Million)
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5
360 Analysis
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• Application Analysis
• Consumer goods application may witness a growth
  of over 3 CAGR. Rising demand for plastic boxes,
  luggage bags, protective headgears, and toys
  should influence ABS demand in this application.
• With a highly competitive industry, strong buyer
  leverage has had an impact on profitability, the
  scope of offering customized designs, enhancing
  vehicle aesthetics makes will be critical.
  Moreover, it helps in reducing GHG emissions
  being lightweight and has made a positive impact
  on environment regulatory bodies.
• Regional Analysis
• APAC acrylonitrile butadiene styrene market in
  automotive applications was valued at over USD 2
  billion in 2015. Automotive production capacity
  expansion in China, Taiwan, India, Indonesia, and
  Thailand should fuel regional growth.
• Latin America with automotive industry growth in
  Mexico, Argentina, and Brazil may observe strong
  gains. Brazil automotive applications are
  projected to grow at over 2.
• Europe backed by the UK and Germany acrylonitrile
  butadiene styrene market size may observe notable
  growth. The region expects highest progress in
  the automotive sector with over 4 growth up to
  2024.

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• Competitive Market Share
• Global acrylonitrile butadiene styrene market
  share is consolidated as top four companies held
  over 60 in 2015. Major industry participants are
  Chei Mei Corporation, LG Chemical, Styrolution,
  Kumho Petrochemical Company, and Formosa Plastic
  Company.
• Key players in the ABS industry are steadily
  consolidating, with mergers and acquisitions,
  which is the most straightforward alternative for
  expanding and diminishing rivalry. For instance,
  BASF has a joint endeavor with Ineos called
  Styrolution, which consolidates the styrenic
  business of both the organizations.

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Styrene Market _at_ https//www.gminsights.com/indus
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