DUBLIN--(BUSINESS WIRE)--The "Global Acrylonitrile-Butadiene-Styrene (ABS) Resin Market - Segmented by Type, End-User Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global acrylonitrile-butadiene-styrene (ABS) resin market is currently valued at USD 26.359 billion in 2017, and is projected to reach USD 35.819 billion by 2023, registering a CAGR of 5.7% during the forecast period, 2018-2023.
Major drivers propelling the growth of the global ABS resin market are the increased integration of high performance plastics in the automotive industry for sustainable measures as well as rapidly growing demand in electronics and electrical applications. The automobile segment is expected to grow at a higher rate during the forecast period. The construction sector is expected to witness a stable growth rate. The increase in the purchasing power of the middle-class population leads to an increase in the demand for its application in electrical and electronics sector, which is further driving the ABS resin market.
The major challenge faced by this market is the development of sustainable products, which can replace ABS resin applications in several areas. The manufacturing process of ABS resins leads to emission of solid waste gases that are harmful to human beings and strictly violate environmental regulations.
In terms of consumption, North America leads the current ABS market. North America and Europe present saturated markets for ABS, and Asia-Pacific offers the highest growth rate due to the rise in consumption of electrical & electronics appliances for the forecast period (2018 - 2023).
- Ashland Inc.
- BASF SE
- Chemtura Corporation
- Chei Mei Corporation
- Elix Polymers
- Formosa Chemicals & Fibre Corporation
- Lanxess Aktiengesellschaft
- LG Chemicals
- LyondellBasell Industries N.V.
- Plunkett's Chemicals
- Grand Pacific Petrochemical Corporation
- The Dow Chemical Company
- Nova Chemicals Corporation
- CCP Composites
- Teijin Limited
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/jj398k/global?w=4