Acrylonitrile Butadiene Styrene Market is set to register 38 billion-dollar revenue by 2024

Global Market Insights, Inc. has recently added a new report on acrylonitrile butadiene styrene market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of acrylonitrile butadiene styrene industry.

According to the report by GMI, The U.S. acrylonitrile butadiene styrene market was worth exceeding USD 3 billion by 2024. Growth in consumer goods industry due to development of innovative products and changing lifestyles will propel the product demand. Increasing automotive sales in this region is will fuel the acrylonitrile butadiene styrene market.

Europe acrylonitrile butadiene styrene market, dominated by Germany, France, UK and Russia is the major hub for automobile industry with availability of advanced innovations and improved performance of automobiles. High product usage in car interior as well as exterior is likely to be beneficial for the acrylonitrile butadiene styrene market growth.

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Some of The Regional Acrylonitrile Butadiene Styrene Market Growth Drivers:

1. Increasing demand for light weight automobiles to obtain better fuel efficiency
2. Growing demand for ABS from China
3. Growing home appliances market

Potential applications in construction, electrical & electronics and home appliances will propel the acrylonitrile butadiene styrene market growth. Superior properties including fire retardation, high strength, lightweight and better surface appearance will further enhance the industry share.

Increasing overall construction expenditure coupled with rising government spending on infrastructure development will fuel the acrylonitrile butadiene styrene market. Moreover, expansion in the global automotive industry is the key factor enhancing the product penetration.

Stringent government regulations regarding reduction in automobile weight and carbon emissions are the key factors enhancing the acrylonitrile butadiene styrene market growth. Increasing ABS imports particularly in China due to its growing demand from electrical & electronics products, industrial, and household appliances will propel the industry growth.

Technological advancement and product innovation in the manufacturing industries has enhanced the product development. Trade growth in terms of industrial output, capital investment, imports and exports owing to rise in customer consumption will open new opportunities for the industry growth.

Browse key industry insights spread across 230 pages with 221 market data tables & 20 charts & figures from the report, “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” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/acrylonitrile-butadiene-styrene-ABS-market

Growth in the global home appliances industry across the world due to its rising demand will generate profitable avenues for the product scope. High design flexibility & strength, enhanced visual look, low material wastage and low material costs are key properties enhancing the product development. However, emergence of sustainable products can replace ABS based resins in the coming future.

Automotive acrylonitrile butadiene styrene market is estimated to witness gains over 4% up to 2024. Increased product usage in locomotive parts including steering covers, body panels, tires and bumpers has positively influenced the industry growth.

Electrical & electronics industry will witness CAGR over 3.5% up to 2024. Increasing customer purchasing power and changing lifestyles are the key factors fueling business growth. Growing demand for corrosion and temperature resistant materials in computer accessories, electronic devices, and business machine will support the product penetration.

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Asia Pacific accounted for around 68% of the overall industry share in 2016 owing to increase in disposable income and middle-class population. Presence of major manufacturing companies and growth in automotive industry are the main factors driving the industry demand.

Global acrylonitrile butadiene styrene market share is consolidated with the presence of few international manufacturers. Some of the key players are Chi Mei corporation, LG Chemicals, Formosa Plastic Company, Kumho Petrochemical, Dow Chemical Company, SABIC, Asahi Kasei and Styron.

Partial Chapter of the Table of Content

Chapter 4. Acrylonitrile Butadiene Styrene Market, By Application
4.1. Global acrylonitrile butadiene styrene volume share by application, 2015 & 2024
4.2. Appliances
4.2.1. Market estimates & forecast from appliances, 2012-2024
4.2.2. Market estimates & forecast from appliances, by region, 2012-2024
4.3. Electrical & Electronics
4.3.1. Market estimates & forecast from electrical & electronics, 2012-2024
4.3.2. Market estimates & forecast from electrical & electronics by region, 2012-2024
4.4. Automotive
4.4.1. Market estimates & forecast from automotive, 2012-2024
4.4.2. Market estimates & forecast from automotive by region, 2012-2024
4.5. Consumer goods
4.5.1. Market estimates & forecast from consumer goods, 2012-2024
4.5.2. Market estimates & forecast from consumer goods by region, 2012-2024
4.6. Construction
4.6.1. Market estimates & forecast from construction, 2012-2024
4.6.2. Market estimates & forecast from construction by region, 2012-2024
4.7. Others
4.7.1. Market estimates & forecast from other applications, 2012-2024
4.7.2. Market estimates & forecast from other applications by region, 2012-2024

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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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Organization: global market insights
Website: https://www.gminsights.com/industry-analysis/acrylonitrile-butadiene-styrene-ABS-market

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