Acrylonitrile Butadiene Styrene Industry: Release Latest Trends and Industry VisPosted by Nicky Arora on November 4th, 2019 The Global Acrylonitrile Butadiene Styrene (ABS) Market size is projected to reach USD 34.88 billion by 2022, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 7.1% over the forecast period. Increasing demand for lightweight automotive parts is likely to be a major factor driving market growth over the forecast period. Increasing use of the product in consumer goods, appliances, automotive ancillaries, and construction owing to light weight and high strength is also likely to contribute to market growth. One of the major reasons behind increasing demand for lightweight automotive materials is need to reduce CO2 emissions. According to the International Energy Agency (IEA), greenhouse gas emissions are expected to reach 3.1 metric gigatons by 2020. This is likely to propel demand for lightweight parts in the automotive industry, which in turn, is estimated to drive demand for the product over the forecast period. Growing product demand in the automotive sector in various countries including South Korea, India, Malaysia, and Indonesia is likely to fuel market growth over the forecast period. High sales of commercial cars, passenger cars, and motorcycles are expected to promote industry expansion in the near future. Acrylonitrile butadiene styrene (ABS) is widely used in automotive interior components such as trims, center console, interior grills, headliners, and exterior and interior mirrors. The growing automotive industry is likely to have a positive impact on market growth over the forecast period. Further key findings from the report suggest:
Grand View Research has segmented the global acrylonitrile butadiene styrene market on the basis of application and region: Acrylonitrile Butadiene Styrene Application Outlook (Volume Kilotons, Revenue, USD Million, 2012 - 2022)
Acrylonitrile Butadiene Styrene Regional Outlook (Volume Kilotons, Revenue, USD Million, 2012 - 2022)
o U.S.
o Germany o Italy
o Japan o India o South Korea o Taiwan
Get Sample Copy @ https://www.grandviewresearch.com/industry-analysis/acrylonitrile-butadiene-styrene-market/request/rs1 About Grand View Research: Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide. Contact: Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105 United States Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it!More by this author |