South American, African and Middle Eastern Acrylonitrile Butadiene Styrene(ABS) Market is Expected to Reach $1,140.2 Million By 2019 – New Report by MicroMarket Monitor
(PRWEB) April 23, 2015 -- The South American, African and Middle Eastern Acrylonitrile Butadiene Styrene (ABS) market is expected to reach a value of $1,140.2 million by 2019, at a CAGR of 3.1% during the forecast period of 2014 to 2019.
Browse through the TOC of the South American, African and Middle Eastern Acrylonitrile Butadiene Styrene (ABS) Market for an analysis of industry trends, segments and forecasts.
Machine and fabricate is that low-cost Acrylonitrile Butadiene Styrene engineering plastic. It is an ideal material for structural applications wherein impact resistance, strength, and stiffness are required. It is widely used for machining pre-production prototypes since it has excellent dimensional stability and is easy to paint and glue.
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Most of the Acrylonitrile Butadiene Styrene (ABS) is manufactured for the preparation of good strength, stiffness, and excellent aesthetic qualities. The good strength and aesthetic qualities are largely applicable in various applications, including appliances, consumer goods, electrical & electronics, transportation, automobiles, machined prototypes, structural components, support blocks, and housing, among others.
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The appliances segment is the largest application segment in the South America, Africa, and Middle East Acrylonitrile Butadiene Styrene (ABS) market; it was valued at $405.5 million in 2014 and is expected to reach $496.1 million by 2019, at a CAGR of 3.3% from 2014 to 2019. The electrical & electronics segment is the second-largest contributor to the South America, Africa, and Middle East Acrylonitrile Butadiene Styrene (ABS) market; its market size is expected to grow from $233.1 in 2014 to $278.1 by 2019.
The major participants operating in the South American, African and Middle Eastern ABS market are Styrolution Group GmbH (Germany), SABIC Innovation Plastics Holdings US LP (Saudi Arabia), Styron LLC (U.S.), and Ineos ABS (Switzerland), among others. New product launches, innovations, and expansions are among the key strategies adopted by these key players to accelerate their growth in the ABS market of the region.
Related Report:
Europe 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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