The Key Players of the Asia-Pacific Acrylonitrile Butadiene Styrene Market include Chi Mei Company (CMC), Formosa Chemicals & Fiber Group, LG Chem (China), and Styrolution (Germany).
(PRWEB) April 15, 2015
The Asia-Pacific Acrylonitrile Butadiene Styrene (ABS) report analyzes the ABS market in Asia-Pacific with respect to market drivers, opportunities, and trends in different countries.
Browse through the TOC of Asia Pacific Acrylonitrile Butadiene Styrene Market for an analysis of industry trends, segments and forecasts.
The Asia-Pacific ABS market is significantly expanding into their end-use industries. China is expected to dominate this market with its growing demand for ABS in different applications, especially in the transportation, consumer goods, and rubber industries. The markets in Japan and India are estimated to show rising growth in the next five years with allied industries expected to stabilize the overall business need in respective regions.
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Joint ventures and expansions are the key growth strategies in this market. Manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of formic acid to match the newer demand coming from various end-user industries.
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China is the largest region, both in terms of volume and value, followed by Japan. Korea is expected to persist as a successful ABS market. The key players in the Asia-Pacific ABS market are Chi Mei Company (China), LG Chemicals (South Korea), Styrolution and Formosa Chemicals & Fiber (Taiwan), and others.
The market demand for ABS, in terms of value and volume, depicts current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of the leading global companies.
The market size, in terms of value, of the Asia-Pacific ABS market was estimated at $11,218 million in 2013, and is projected to reach $16,039 million by 2018, growing at a CAGR of 6.4% between 2013 and 2018. The high demand across industries such as automotive, manufacturing, rubber, chemical & pharmaceuticals, and other industries will increase the overall consumption of ABS.
North America Acrylonitrile Butadiene Styrene Market
ABS (Acrylonitrile-Butadiene-Styrene) is an opaque thermoplastic polymer material made from the monomers Acrylonitrile, Butadiene and Styrene. It offers good resistance to heat and chemicals and is easy to process. It possesses properties like good strength and durability even at low temperatures heat and chemical resistant and easy processing that makes it useful in numerous applications such as automotive interior and exterior parts, consumer goods, construction material and appliances.
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