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Growing Status of Acrylonitrile Butadiene Styrene (ABS) Resin Market 2019 by Industry News, Evolving Technologies, Top Key Players, Industry Share, and Forecast to 2024 | Industry Research.co

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Acrylonitrile Butadiene Styrene (ABS) Resin

Acrylonitrile Butadiene Styrene (ABS) Resin Market” report 2019-2024 provides detailed summary of company competition, market demand, regional forecast, marketing price and new investment feasibility analysis is included of Acrylonitrile Butadiene Styrene (ABS) Resin market. It also covers approximate CAGR, key-players, scope of the report, regional analysis, major market factors of Acrylonitrile Butadiene Styrene (ABS) Resin market, reasons of buying this report and complete TOC of report.

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There are 4 key segments covered in this Acrylonitrile Butadiene Styrene (ABS) Resin Systems Market report:

  • Competitor segment
  • Product type segment
  • End-use/application segment
  • Geography segment

Market Overview:

  • The market for acrylonitrile butadiene styrene is expected to grow at a CAGR of more than 5 % during the forecast period of 2019 – 2024. Major factors driving the market studied are the growing demand from the automotive and transportation sector. On the flipside, low compatibility in applications involving high temperature is expected to hinder the growth of the market studied.
  • – Automotive and transportation industry dominated the market in 2018 and is expected to grow during the forecast period.
  • – Innovative applications and products are likely to act as an opportunity in the future.
  • – Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China and India.

    Acrylonitrile Butadiene Styrene (ABS) Resin Market by Key Players:

  • 3M
  • BASF SE
  • Covestro AG
  • DowDuPont Inc.
  • Crane Co.
  • Formosa Chemicals & Fiber Corporation
  • INEOS
  • LG Chem
  • LyondellBasell Industries NV
  • SABIC
  • Teijin Limited
  • Ashland Inc.

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    Scope of the Report:

  • This report studies the global Acrylonitrile Butadiene Styrene (ABS) Resin market size, industry status and forecast, competition landscape and growth opportunity.

    Key Market Trends:

    Increasing Demand from Automotive & Transportation Industry

    – The application of polymeric materials in automobiles is constantly increasing, and this trend is expected to continue during the forecast period. The application of polymeric materials allows more freedom in design and offers a safe geometrical and economic solution for the construction of parts.
    – ABS is used in every area of an automobile i.e., in internal parts, parts of the engine compartment, external parts, and in bodywork. Moreover, airplane panels and luggage compartments are often made of ABS plastic. It is highly suitable for vacuum forming, so it can be manipulated into a wide variety of shapes. Its heavy-duty strength and lightweight density make it the perfect application for airplane interior parts. Besides, they are also used in aircraft doors and fuselages.
    – In railways, ABS sheets are extensively used in the manufacturing of seat backs, window masks, and ceiling panels.
    – ABS is primarily used for the manufacturing of housings, covers, and linings, which are used in an automobile, aerospace, and railways because of their various beneficial properties.
    – ABS offers toughness, strength, and rigidity. They are opaque and have a high surface polish level. When they are exposed to weather, there is a reduction in the surface gloss.
    – In addition, they possess excellent heat- and flame- resistant properties and electrical insulation. They are used in bumpers, seating, dashboard, interior trim, exterior trim, lighting, dashboard, and many more.
    – Owing to the ongoing growth in the global transportation industry and the focus on minimizing carbon emission and enhancing fuel economy, by reducing the weight of a vehicle, is expected to drive the market for ABS resin during the forecast period.

    Asia-Pacific Region to Dominate the Market

    – The market for the ABS witnessed fast growth in the Asia-Pacific region in 2018, owing to increased replacement of traditional plastics by ABS in the rapidly growing automotive sector. The market is also being driven by the replacement of polystyrene in consumer goods & appliances and electrical & electronics sectors.
    – Moreover, the growth of the market has also been benefitted heavily from the increased purchasing power of consumers in China and India, and the resultant increase in the sales of consumer durables.
    – The appliance market in China is expected to grow as the middle-class population grows, thereby driving the ABS market in the country. The migration of manufacturing of electronic/electrical, appliances, and other markets to China over the years has resulted in increased ABS demand in the country.

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    Acrylonitrile Butadiene Styrene (ABS) Resin Market Covers Following Points in TOC:

    • Chapter 1: Acrylonitrile Butadiene Styrene (ABS) Resin Market Definition
    • Chapter 2: Research Methodology of Acrylonitrile Butadiene Styrene (ABS) Resin Market
    • Chapter 3: Acrylonitrile Butadiene Styrene (ABS) Resin Market Executive Summary
    • Chapter 4: Acrylonitrile Butadiene Styrene (ABS) Resin Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
    • Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
    • Chapter 6: Acrylonitrile Butadiene Styrene (ABS) Resin Market Segmentation by Types, End-User, and Applications Forecast to 2024
    • Chapter 7: Acrylonitrile Butadiene Styrene (ABS) Resin Market Segmentation by Geographical Regions
    • Chapter 8: Competitive Landscape of Acrylonitrile Butadiene Styrene (ABS) Resin Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
    • Chapter 9: Key Players for Acrylonitrile Butadiene Styrene (ABS) Resin Market

    Report PageAcrylonitrile Butadiene Styrene (ABS) Resin Market – Growth, Trends, and Forecast (2019 – 2024)

     

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