Acrylonitrile Butadiene Styrene (ABS) Market Demand,Status,Analysis and ForecastPosted by Neha Bora on November 27th, 2019 San Francisco, 27 November 2019: The Report Acrylonitrile Butadiene Styrene (ABS) Market Size, Share & Trends Analysis Report By Application (Appliances, Automotive, Consumer Goods, Construction), And Segment Forecasts, to 2022 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. Access Research Report of Acrylonitrile Butadiene Styrene (ABS) Market @ https://www.grandviewresearch.com/industry-analysis/acrylonitrile-butadiene-styrene-market 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)
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