Global Acrylonitrile Butadiene Styrene ABS Market By Application to 2020

GrandViewResearch's picture
Printer-friendly versionPrinter-friendly versionPDF versionPDF version

Grand View Research has announced the addition of "Global Acrylonitrile Butadiene Styrene (ABS) Market Analysis And Segment Forecasts To 2020" Market Research report to their Database


San Francisco, California, USA., June 12, 2014 - (PressReleasePoint) -

The global market for ABS is expected to reach USD 30.35 billion by 2020, according to a new study by Grand View Research, Inc. ABS is one of the most preferred engineering plastics for automotive and appliances and is expected to witness growth over the forecast period owing to increased demand from these applications. There is increased focus on weight reduction in automobiles in order to have better fuel economy, which is expected to result in substitution of metals with plastics such as ABS. In addition, the augmented demand for consumer goods in emerging economies is expected boost the demand for engineering thermoplastics such as ABS.

Appliances were the largest application segment accounting for nearly 2,500 kilo tons of overall ABS demand in 2013. The increasing demand for appliances in emerging economies of Brazil and China is expected to be a key factor having a positive impact on the market over the forecast period. ABS is also extensively used in electronics and electrical applications owing to its favorable physical and chemical properties and accounted for over 2,000 kilo tons of ABS demand in 2013.

The report “Acrylonitrile Butadiene Styrene (ABS) Market Analysis By Application (Appliances, Automotive, Consumer, Construction, Electrical & Electronics) And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/acrylonitrile-butadiene-styrene-market

Further key findings from the study suggest:

• China was the largest regional market for ABS with revenue exceeding USD 10.6 billion in 2013. The presence of large manufacturing companies for automotives and appliances is a key reason for the high share. In addition, the region is also expected to witness fastest growth at an estimated CAGR of 7.5% from 2014 to 2020.

About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/


Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com



 


Press Contact:
Sherry James
Grand View Research, Inc.
28 2nd Street, Suite 3036
San Francisco, CA 94105
United States
1-415-349-0058
http://www.grandviewresearch.com/
***@*r**d**e**e**a**h.com
Email partially hidden to block spam. Please use the contact form here.
Contact Sherry James


News Source : Global Acrylonitrile Butadiene Styrene ABS Market By Application to 2020
Copy this html code to your website/blog to embed this press release.

Comments

Post new comment

2 + 11 =