San Francisco, California (PRWEB) June 13, 2014
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 at http://www.grandviewresearch.com/industry-analysis/acrylonitrile-butadiene-styrene-market.
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Further key findings from the study suggest:
Browse all reports of Plastics, Polymers & Resins Market published By Grand View Research @ http://www.grandviewresearch.com/industry/plastics-polymers-and-resins.
For the purpose of this study, Grand View Research has segmented the global ABS market on the basis of application, product and region:
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The global market for lysine is expected to reach USD 6.96 billion by 2020, according to a new study by Grand View Research, Inc. Positive outlook on animal feed demand to cater to growing meat consumption, especially in emerging markets of Latin America and Asia Pacific is expected to be a key market driver. Limited availability of major feedstock is expected to hamper the market growth over the forecast period.
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The global market for molecular diagnostics is expected to reach USD 8,020.1 million by 2020, according to a new study by Grand View Research, Inc. Growing demand for personalized medicine and theranostics, and the subsequent introduction of advanced cancer diagnostic technologies are expected to be key factors driving market growth over the next six years.
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/.
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