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Global Acrylonitrile Butadiene Styrene (ABS) Market is expected to reach $26.1 billion by 2018: Transparency Market Research

August 29, 2014

ALBANY, New York, August 29, 2014 /PRNewswire/ –

Transparency Market Research, in its latest research report states, the global
acrylonitrile butadiene styrene (ABS) market will grow at a CAGR of 7% from 2012 to 2018.
This market was valued at $16.2 billion in 2011, and is expected to reach $26.1 billion by
2018. The report titled, “Acrylonitrile Butadiene Styrene (ABS) Market – Applications
(Appliances, Electronics, Automotive, Consumer Goods & Construction), Global Industry
Analysis, Size, Share, Growth And Forecast 2012 – 2018″, is available for sale on the
company’s website.

Browse the full Acrylonitrile Butadiene Styrene (ABS) Market Report:

http://www.transparencymarketresearch.com/acrylonitrile-butadiene-styrene.html

Acrylonitrile butadiene styrene is a tough and an extremely durable engineering
plastic that is widely used in several industries. Its properties such as colorfastness,
durability, superlative tensile strength, impact strength, and resistance to chemicals
make it a preferred material for many engineering applications. The growth in the
acrylonitrile butadiene styrene is mainly driven by rising demand from the end user
industries such as consumer goods, appliances, and automobiles. Its demand is growing at a
fast pace as most of the automobile companies are looking out for light weight, but high
performance material to increase vehicles’ fuel efficiency. Using this material for making
trims, panels, and coatings, reduces the vehicle’s weight, thus enabling better fuel
utilization.

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Despite the steady market drivers, ABS faces a herculean challenge from
thermoplastics, especially polystyrene and polypropylene. Both these plastic variants are
used as substitutes for ABS in the automobile and consumer goods industry. The other major
market restraint ABS is facing is strict regulatory framework, as exposure of ABS to
humans and the environment is extremely hazardous.

For further inquiries, click here:

http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3025

China is the biggest consumer for ABS and is expected to remain so in the coming five
years. The country is expected to account for 61% of global demand by 2018. The reasons
supporting this growth are increasing number of multinationals outsourcing their
manufacturing to China due to low labor costs. As the country takes the baton to be the
leading automobile manufacturer across the globe, its demand of plastics such as ABS is
also adding to the market’s growth. Asian countries such as India, Japan, Korea, and
Taiwan are the next market share holders after China. This region, put together, accounted
for 15% of global market demand in 2011. However, as manufacturing units shift to India
and China, the demand in North America is likely to stagnate in the forecasted period.

The report studies some of the key players in the industry such as LG Chem, Formosa
Plastic Company, Chi Mei Corporation, SABIC, and Styrolution among others.

Browse all Chemical and Materials Market Research Reports:

http://www.transparencymarketresearch.com/chemical-market-reports-2.html

About Us

Transparency Market Research is a global market intelligence company, providing global
business information reports and services. Our exclusive blend of quantitative forecasting
and trends analysis provides forward-looking insight for thousands of decision makers. We
are privileged with highly experienced team of Analysts, Researchers, and Consultants, who
use proprietary data sources and various tools and techniques to gather, and analyze
information.

Our data repository is continuously updated and revised by a team of research experts,
so that it always reflects the latest trends and information. With a broad research and
analysis capability, Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research material for business
reports.

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