ACRYLONITRILE BUTADIENE STYRENE MARKET 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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Acrylonitrile Butadiene Styrene MARKET 2018 Acrylonitrile Butadiene Styrene Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 The protuberant factors driving the growth of the global Acrylonitrile Butadiene Styrene are the rapidly growing construction activities, increasing urbanization and industrialization around the world, wherein the demand for the product is continuously increasing. Apart from these, increasing standards of living and disposable income of people, especially in developing countries incentivizing them to invest more in the high-end construction and decorative home activities. This is anticipated to boost the demand for the Acrylonitrile Butadiene Styrene during the years to follow. The changing lifestyle of people in the world is reflecting their consumer patterns, which can be observed with increasing demand for the household appliances and other electronic equipment. According to Statista, the global electronics industry is expected to grow at a healthy CAGR of around 5% during 2016-2018 and is also estimated to retain the same growth trajectory owing to the increasing global demand, especially from the Asia Pacific. Moreover, the major players manufacturing the product are heavily investing in the production of Acrylonitrile Butadiene Styrene to meet increasing demand from diverse end-use industries. Lastly, the widening of the scope of applications in vast applications on account of the lightweight, better chemical and chemical resistance, greater strength & durability, excellent design flexibility, corrosion resistance, and superior mechanical characteristics of the product are likely to propel the growth of the Market during the forecast period. However, the major factor, which can hamper growth momentum of the Market during the period under consideration is fluctuating prices of this product on the backdrop of the limited supply of raw material as compared to the demand for the end product.
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Acrylonitrile Butadiene Styrene MARKET 2018
Targeted Audience • Acrylonitrile Butadiene Styrene Manufacturers • Traders and distributors of Acrylonitrile Butadiene Styrene • Research and development institutes • Potential investors • Raw material suppliers • Nationalized laboratory Enquiry of the Report: https://www.marketresearchfuture.com/enquiry/5566
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Acrylonitrile Butadiene Styrene MARKET 2018 Regional Analysis The global Acrylonitrile Butadiene Styrene Market is spanned across North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. The Asia Pacific is estimated to dominate the Market due to the considerable growth in the automotive and building & construction industry. The major contributors to the Market in this region are South Korea, China, India, and Japan. This is attributed to rapidly increasing government and private investment in infrastructural development. After the Asia Pacific, North America is the second most substantial region in the global Acrylonitrile Butadiene Styrene Market. The U.S. is the major Market in this region on account of the presence of well-established end-use industries such as automotive and sports. Europe is following North America, in terms of the Market size, in the global Acrylonitrile Butadiene Styrene Market. The regional Market is dominated by the U.K, Germany, France, and Italy. The Aerospace and automotive industries in Europe are the responsible for the major consumption of Acrylonitrile Butadiene Styrene in this region. This is expected to drive demand for the product in this regional Market. Latin America has been observed to witness a steady growth of end-user industries in countries namely Brazil, Venezuela, and Argentina, after the recent economic and political turmoil. In coming years there is a huge growth opportunity for construction and sports industry in the Middle East & Africa, which is likely to help boost the growth of the regional Market.
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Acrylonitrile Butadiene Styrene MARKET 2018 Application & Major Players in this Research: Acrylonitrile Butadiene Styrene Market Prominent Players:
LG Chem
KUMHO PETROCHEMICA Formosa Chemicals & Fibre Corp. TORAY INDUSTRIES INC Mitsui Chemicals, Inc. Ravago Americas
SABIC BASF SE
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